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The Yankees are baseball’s most valuable team for a 16th consecutive year, while the Mets rank sixth in a survey released by Forbes Wednesday.

The 27-time World Series champion Yankees, owned by the Steinbrenner family, were valued at $2.3 billion, a 24% jump from last year.

They surpassed the Dallas Cowboys, who are worth $2.1 billion, as the most valuable sports team.

The Mets,...

Tiger Woods won the Arnold Palmer Invitational for the eighth time Monday at Bay Hill in Orlando, Fla., securing his first No. 1 world ranking since October 2010.

Woods takes over for previously top-ranked Rory McIlroy, who had held the spot since August.

Woods finished 13 under for the tournament, two strokes in front of Justin Rose and recorded his third win of the year. He shot a...

Aaron Craft hit a last second 3-pointer to send No. 2 Ohio State into the Sweet Sixteen with a 78-75 win over Iowa State Sunday in Dayton, Ohio.

Craft’s shot helped right the ship for the Buckeyes after the Cyclones went on a 13-0 run in the closing minutes to take the lead. Craft took the last two shots, missing the first and then waiting for the clock to wind down before throwing up...

The Yankees are on the verge of acquiring outfielder Vernon Wells from the Los Angeles Angels of Anaheim, according to multiple reports.

Wells, 34, is owed $42 million over the next two years. He also has a no-trade clause in his contract, so he would have to accept any move.

Wells’ nameplate was removed from his locker and his belongings were packed at the Angels’ spring training facility...

Derek Jeter will likely begin the season on the disabled list, despite his intent to be ready for the April 1 opener, Yankees general manager Brian Cashman said Sunday.

Cashman told reporters that “reality is beginning to set in,” because Jeter could not play in a minor league game yesteday after taking four at-bats as a DH the day before.

“I don’t anticipate him starting the season...

Former Jets running back Shonn Greene has found a new home in Tennessee, but don't expect teammate Chris Johnson to like it.

Johnson, who has been the Titans' primary back since 2009, told the Tennessean on Wednesday that he has "never been a big fan of the two-back system" and is wary of the three-year, $10-million contract Greene signed this offseason.

"I'm not afraid...

Upset victories make the opening weekend of the NCAA Tournament one of the must-watch sports events every year.

Who can forget Bryce Drew’s incredible shot to lift No. 13 Valparaiso over No. 4 Ole Miss in 1998 or that Kansas was bounced from the first round in 2005 (No. 14 Bucknell) and 2006 (No. 13 Bradley)? Just last year, two No. 15 seeds advanced when Lehigh and Norfolk State stunned Duke...

President Barack Obama believes Indiana will emerge from the NCAA Tournament as the national champion, he revealed on SportsCenter.

Obama’s other Final Four picks are Louisville, Florida and Ohio State. He told Andy Katz of ESPN that he thinks, “this is Indiana’s year.”

Obama mostly picked the higher seeds. However, he chose a few upset, including picking the winner of last night’s first-round...

Eleven games stand between the Miami Heat and basketball immortality.

After Monday night's 105-103 victory against Boston, LeBron James and company ride a 23-game winning streak into tonight's matchup in Cleveland against the reigning MVP's former team.

The good news: The Cavaliers aren't a very good basketball team. Better news: The Heat (52-14) have star power to rival the 1971-72...

The Giants have agreed to bring back David Carr to serve as Eli Manning's backup for another season, according to multiple reports Tuesday.

Carr reportedly will receive a one-year deal for what is likely the veteran minimum salary.

The former 2002 first-overall pick, the first draft selection in Houston Texans history, has been Manning's understudy in four of the previous five seasons.

He...