Forbes values Yankees at $2.3 billion, Nats at $631 million

Bryce Harper of the Washington Nationals hits a home run in the third inning against the St. Louis Cardinals in Game Five of the National League Division Series at Nationals Park on October 12, 2012 in Washington, D.C.. (Photo by Patrick McDermott/Getty Images)

NEW YORK (AP) — Forbes estimated the New York Yankees have the highest value in Major League Baseball for the 16th straight year at $2.3 billion, and the average for an MLB team increased by 23 percent in the last year to $744 million.

The magazine said Wednesday the Yankees’ value increased from $1.85 billion last year.

The Los Angeles Dodgers are second in MLB at $1.62 billion — nearly $400 million below the price paid for the team last May when a group headed by Mark Walter, Stan Kasten and Magic Johnson bought the franchise from Frank McCourt.

Forbes valued Boston third at $1.3 billion, followed by the Chicago Cubs ($1 billion), Philadelphia ($893 million), the New York Mets ($811 million), San Francisco ($786 million), Texas ($764 million), the Los Angeles Angels ($718 million) and St. Louis ($716 million).

The Washington Nationals came in at No. 14 with a value of $631 million. Forbes says the team’s attendance at Nationals Park was up by 22 percent in 2012, when the Nats made the postseason.

The bottom five are Tampa Bay ($451 million), Kansas City ($457 million), Oakland ($468 million), Pittsburgh ($479 million) and Miami ($520 million).


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