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The Honolulu Advertiser
Posted on: Wednesday, April 7, 2010

MLB: Yankees worth $1.6 billion; Boston 2nd at $870 million

AP Sports Writer

NEW YORK The New York Yankees are worth nearly twice as much as any other team in baseball, according to the annual estimates by Forbes magazine.

The Yankees were valued at $1.6 billion, Forbes said Wednesday, up 7 percent from a $1.5 billion value last year.

Boston was next, going up 4 percent to $870 million and was followed by the New York Mets, who dropped 6 percent to $858 million. The Los Angeles Dodgers, caught in divorce proceedings of its owners, were fourth with a 1 percent increase to $727 million.

Minnesota had a 14 percent rise to $405 million following its move to Target Field.

Pittsburgh was last at $289 million, just below Oakland, which dropped 8 percent to $295 million.