Yankees extend reign as MLB's most valuable team: Forbes

Wed Mar 26, 2014 1:17pm EDT

New York Yankees shortstop Derek Jeter cannot throw out Minnesota Twins' Jamey Carroll at first base during the seventh inning of their American League MLB baseball game at Target Field in Minneapolis, September 25, 2012. REUTERS/Eric Miller

New York Yankees shortstop Derek Jeter cannot throw out Minnesota Twins' Jamey Carroll at first base during the seventh inning of their American League MLB baseball game at Target Field in Minneapolis, September 25, 2012.

Credit: Reuters/Eric Miller

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(Reuters) - The New York Yankees are Major League Baseball's most valuable team for a 17th consecutive year, coming in at more than triple the league's average value, according to a survey released by Forbes on Wednesday.

The 27-time World Series champion Yankees were valued at $2.5 billion, a nine percent jump from last year and comfortably above the second ranked Los Angeles Dodgers, whose value rose 24 percent to $2 billion due largely to a new television deal.

The Yankees, who last year missed the playoffs for only the second time since 1994 and saw their revenue dip 2 percent to an MLB-high $461 million, have topped the list since Forbes began tracking MLB team valuations in 1998.

The 2013 World Series champion Boston Red Sox ($1.5 billion), Chicago Cubs ($1.2 billion) and San Francisco Giants ($1 billion) rounded out the top five. It marked the first time five MLB teams were worth at least $1 billion.

The average MLB team is now worth $811 million, up nine percent from last year, which Forbes attributed to television deals. For the complete list visit (www.forbes.com/mlb).

(Reporting by Frank Pingue in Toronto; Editing by Julian Linden)

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