Forbes: Yanks are the money team - by far

The Yankees are worth nearly twice as much as any other team in baseball, according to the annual estimates by Forbes magazine.

The Yankees were valued at $1.6 billion, Forbes said yesterday, up 7 percent from $1.5 billion last year. Forbes said the team had $441 million in net revenue in the first season at its new ballpark after paying to the revenue sharing program and financing the stadium.

Boston was next, going up 4 percent to $870 million and was followed by the Mets, who dropped 6 percent to $858 million after a 70-92 record in their first season at Citi Field. Forbes projected the Mets' stadium revenue will decline by $20 million this year.

The Los Angeles Dodgers were fourth with a 1 percent increase to $727 million, $1 million more than the Chicago Cubs.

Florida, which moves into a new ballpark in 2012, had the largest percentage rise, up 15 percent to $317 million. Pittsburgh was last at $289 million. - AP