Yankees worth big league-high $3.7 billion

The New York Yankees celebrate their Opening Day

Five of the seven teams who earned more revenue previous year than the Phillies made the playoffs.

Without a scientific formula, one may think that the $88 million surplus that the Phillies had in 2016 could dry up pretty quickly. For example, the St. Louis Cardinals have a $1 billion TV deal about to start next year through 2032 with FOX Sports Midwest. The valuation, which ranks 21st out of 30 clubs, represents a 26 percent increase from the previous year.

That added capital should work wonders for the team over the next two decades.

The Yankees came in at No. 1 again at $3.7 billion, followed by the Dodgers ($2.75 billion), the Red Sox ($2.7 billion) and the Cubs ($2.68 billion).

Major League Baseball's average team value rose 19%, to $1.54 billion.

Overall, the average Major League Baseball franchise is now valued at $1.5 billion, up 19% from a year ago.

The Yankees were ranked as the most valuable franchise - no surprise there - at $3.7 billion.

At the bottom were the Tampa Bay Rays ($825 million), Oakland Athletics ($880 million), Cincinnati Reds ($915 million) and Cleveland Indians ($920 million). It is the second-highest average value behind only the NFL.

Colorado's value was up 16 percent from 2016, when the team was valued at $860 million by the publication. With revenue increasing faster than costs, many teams are in the black right now. Michael Ilitch bought the team for $85 million in 1992 and had in recent years authorized a payroll among the highest in baseball.

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