Forbes released its annual MLB team worth numbers on Thursday and well, Yankees' haters may want to hide in a corner.
The Yankees are worth 1.6 billion dollars, up 7% from last season. They made 441 million dollars in net revenues, thanks largely to a World Series championship, and a new ballpark, even after revenue sharing stadium financing.
Here's the part where you might want to stop reading.
The second most valuable team is the Boston Red Sox (up 4% total).
At a whopping 870 million dollars, 12 million ahead of the Mets, who dropped in value.
The Yankees are worth nearly twice as much as the next closest team. In other words, 800 million dollars, or four more Yankees' payrolls.
Oh and how weird and not-at-all obvious and suspicious was this? The Florida Marlins, not yet in a new stadium, rose 15%, the most of any team in baseball to a total net worth of 317 million dollars. Though they only produce revenue at a league low 144 million dollars, the Marlins had a 46.1 million dollar operating profit, also a league best. The Red Sox, interestingly enough, were second at $40 million.
Credit Boston though, their payroll went up around 40 million this offseason. How did the Marlins celebrate such an insanely high rise in value and the league's best operating profit?
By not spending a single dollar on Free Agents.
Gosh, we should really put in a salary cap, Jeffrey Loria might be homeless any day now.
The Yankees spend a lot of money, and its value rises. Go figure. Economics are so confusing.
Either way, let's all praise a product nobody appreciates in its market and who can be greatly improved with just a little of the big profits taken in every year because of their small, unfair, and artificially low payroll. The Marlins are much worse for the game than the Yankees. New York sells out every team's stadium it enters, it makes a ton of money and spends a ton of money and it has created a brand everyone wants to either love or hate. Baseball, Television, blogs, and all sources of entertainment, need the Yankees to operate.
While no team can quite catch the Yankees in revenue (despite the fact New York shares its own city with another team), it's pretty obvious many of them can be spending a lot more and choose not to (keep in mind these numbers do not include the pay check the Yankees hand out to every team in the majors every season in Luxery Tax).
This is just another reminder.







Recent Comments