NEW YORK (AP) – Forbes’ annual report finds the average value of Major League Baseball teams has increased 7 percent from last year to an all-time high of $523 million.

The New York Yankees, worth $1.7 billion, lead the way for the 14th straight year since Forbes began valuing franchises in 1998.

Only three teams’ values didn’t increase: the New York Mets, San Diego Padres and Cleveland Indians.

The Kansas City Royals are valued at $351 Million, up 3% from last year. Royals owner, David Glass, purchased the Royals in 2000 for $96 Million.
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Online:
https://www.forbes.com/sportsmoney