Yankees are MLB's most valuable team: Forbes

Derek Jeter waves during an exhibition game in Derek Jeter waves during an exhibition game in Panama City, on March 16, 2014. Photo Credit: Getty Images / RODRIGO ARANGUA

advertisement | advertise on newsday

The Yankees are Major League Baseball's most valuable team for a 17th consecutive year, coming in at more than triple the league's average value, according to a survey released by Forbes Wednesday.

The 27-time World Series champion Yankees were valued at $2.5 billion, a 9% jump from last year and comfortably above the second ranked Los Angeles Dodgers, whose value rose 24% to $2 billion due largely to a new television deal.

advertisement | advertise on newsday

The Mets were ranked at number 9 in the league, valued at $800 million, just behind the St. Louis Cardinals. The Yankees, who last year missed the playoffs for only the second time since 1994 and saw their revenue dip 2% to an MLB-high $461 million, have topped the list since Forbes began tracking MLB team valuations in 1998.

The 2013 World Series champion Boston Red Sox ($1.5 billion), Chicago Cubs ($1.2 billion) and San Francisco Giants ($1 billion) rounded out the top five. It marked the first time five MLB teams were worth at least $1 billion.

The average MLB team is now worth $811 million, up nine percent from last year, which Forbes attributed to television deals.

Subscribe to Newsday’s sports newsletter for stories, photos and videos about your favorite New York teams plus national sports news and events.

You also may be interested in: