A new report from Sportico found that the average valuation of Major League Baseball teams edged 2 percent higher over the past 12 months to $2.36 billion.
The New York Mets lead 30 MLB teams with a valuation of $7.13 billion, a 2 percent increase over last year. The Los Angeles Dodgers follow at a distant second with a valuation of $5.24 billion.
The Miami Marlins were the least valued team at $1.07 billion, a 1 percent increase over the previous year.
Sportico derived the market value of the 30 MLB franchises by calculating each team’s revenue relying on publicly available information and financial records — and interviews with those knowledgeable of team finances, including eight sports bankers and attorneys who actively work on MLB transactions.
This information was vetted by multiple team or parent company CEOs, presidents, chief financial officers and media relations personnel, as well as industry experts and investors.
Collectively, the 30 MLB teams are worth more than $70 billion.