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The Most Valuable Team in Baseball Didn't Make the Playoffs Last Year

The Most Valuable Team in Baseball Didn't Make the Playoffs Last Year

Without a scientific formula, one may think that the $88 million surplus that the Phillies had in 2016 could dry up pretty quickly.

The Tigers spent more than $200 million on players previous year and are just shy of that mark in 2017.

Forbes reported Mike Ozanian notes that the Miami Marlins recently had a handshake deal to sell the franchise for $1.6 billion, although that deal fizzled. Large chunks of that payroll cut came thanks to the expiring contracts of Cliff Lee, Ryan Howard, and Roy Halladay along with trading away the bigger contracts of Cole Hamels and Jonathan Papelbon. The tenth-highest ranked franchise, the Washington Nationals, had a value of $1.6 billion with 23% growth compared to previous year.

John George of the Philadelphia Business Journal also pointed towards the lucrative $2.5 billion Comcast deal that just kicked in past year. Forbes' four most highly valued MLB franchises - the Red Sox, New York Yankees, Los Angeles Dodgers and Chicago Cubs - are four of the most recognizable franchises in all of the four major sports, and all are in enormous markets.

More news: Executions in China said to outpace world despite decline

Forbes said today it estimates the Yankees are worth $3.7 billion, up 9% from past year.

The New York Yankees were listed as the most valuable, 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).

Forbes also said that for last season, the average operating income (earnings before interest, taxes, depreciation and amortization) for all teams was $34 million, up 52 percent from 2015. With revenue increasing faster than costs, many teams are in the black right now.

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