Yankees remain No. 1 on Forbes' most valuable Major League Baseball franchise list

Yankees remain No. 1 on Forbes' most valuable Major League Baseball franchise list

Yankees remain No. 1 on Forbes' most valuable Major League Baseball franchise list

Major League Baseball is as healthy as it's ever been financially, and the sport's revenues are only growing.

"The Rays are in a downward spiral, as the team posted its third consecutive sub-.500 season in 2016, winning just 68 games, and had MLB's lowest average attendance (15,878) for the fifth-straight season".

The Mets ranked sixth on the list - after the Dodgers, Red Sox, Cubs and Giants - at an estimated value of $2 billion, with revenue of $332 million and operating income of $31.7 million.

John George of the Philadelphia Business Journal also pointed towards the lucrative $2.5 billion Comcast deal that just kicked in past year.

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Forbes said the average Major League Baseball team is worth $1.54 billion, a 19 per cent rise from past year, which the magazine attributed to new local television deals that are increasing at roughly a two-fold rate, as well as a surge in profitability. The newest contract between the Cincinnati Reds and FOX Sports Ohio is worth twice as much as the previous contract.

According to Forbes, the Detroit Tigers, Dodgers, Miami Marlins, Baltimore Orioles, and Kansas City Royals operated at a loss last season.

But overall, the league has seen massive growth across the board. They are worth an estimated $2 billion, up 21 percent from previous year. MLBAM has also worked to improve the online streaming properties the league has to offer and content delivered on social media.

To those who say baseball is dead, I suppose the sport is being buried in a gold-plated casket.

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