Yankees top Forbes' list of most valuable MLB franchises
The New York Yankees are the most valuable Major League Baseball franchise entering the 2023 season, according to Forbes.
The Yankees claimed the top spot on the list with with a staggering $7.1-billion valuation, up 18% from 2022. The Los Angeles Dodgers ($4.8 billion), Boston Red Sox ($4.5 billion), Chicago Cubs ($4.1 billion), and San Francisco Giants ($3.7 billion) round out the top five.
The New York Mets come in at sixth with an estimated value of $2.9 billion. That represents a 9% increase from 2022, but the Mets suffered the league's biggest operating loss last year at $138.5 million.
The average MLB team is up 12% in value from last year, according to Forbes' Mike Ozanian and Justin Teitelbaum.
The Seattle Mariners, who sit in 13th place at $2.2 billion, experienced the biggest jump in value among all 30 clubs, with a 29% boost from 2022.
Here's the complete list:
| RANK | TEAM | VALUE | 1-YEAR CHANGE |
|---|---|---|---|
| 1 | New York Yankees | $7.1B | 18% |
| 2 | Los Angeles Dodgers | $4.8B | 18% |
| 3 | Boston Red Sox | $4.5B | 15% |
| 4 | Chicago Cubs | $4.1B | 8% |
| 5 | San Francisco Giants | $3.7B | 6% |
| 6 | New York Mets | $2.9B | 9% |
| 7 | Los Angeles Angels | $2.7B | 23% |
| 8 | Atlanta Braves | $2.6B | 24% |
| 9 | Philadelphia Phillies | $2.575B | 12% |
| 10 | St. Louis Cardinals | $2.550B | 4% |
| 11 | Houston Astros | $2.250B | 4% |
| 12 | Texas Rangers | $2.225B | 9% |
| 13 | Seattle Mariners | $2.2B | 29% |
| 14 | Toronto Blue Jays | $2.1B | 18% |
| 15 | Chicago White Sox | $2.05B | 16% |
| 16 | Washington Nationals | $2B | 0% |
| 17 | San Diego Padres | $1.75B | 11% |
| 18 | Baltimore Orioles | $1.7B | 24% |
| 19 | Milwaukee Brewers | $1.6B | 25% |
| 20 | Colorado Rockies | $1.475B | 6% |
| 21 | Detroit Tigers | $1.45B | 4% |
| 22 | Minnesota Twins | $1.39B | 0% |
| 23 | Arizona Diamondbacks | $1.38B | 0% |
| 24 | Pittsburgh Pirates | $1.32B | 0% |
| 25 | Cleveland Guardians | $1.3B | 0% |
| 26 | Tampa Bay Rays | $1.25B | 14% |
| 27 | Kansas City Royals | $1.2B | 8% |
| 28 | Cincinnati Reds | $1.19B | 0% |
| 29 | Oakland Athletics | $1.18B | 0% |
| 30 | Miami Marlins | $1B | 1% |