Revenue sharing, luxury tax cut value

Updated: April 9, 2004, 10:38 AM ET
Associated Press

NEW YORK -- The New York Yankees are baseball's most valuable franchise, Forbes magazine's estimates, but the worth has declined because of the sport's revenue-sharing system and luxury tax.

The Yankees are estimated to be worth $832 million, the magazine said Thursday in its April 26 issue, down from an $849 million estimate last year.

Boston moved into second place at $533 million, with the New York Mets third at $442 million.

Los Angeles was valued fourth at $399 million, even though the team just sold for $430 million.

The two teams moving into new ballparks had large increases, with Philadelphia rising 18 percent to $281 million and San Diego going up 17 percent to $265 million.

Montreal, owned by the other 29 teams, is last at $145 million, just behind Tampa Bay ($152 million).

Franchise value for 2004

Franchise value for 2004 with one year change in value and revenue according to Forbes magazine (all dollar figures in millions):
Rk. Team                   Value  Change Revenue
 1. New York Yankees        $832    -2    $238
 2. Boston Red Sox          $533     9    $190
 3. New York Mets           $442   -11    $158
 4. Los Angeles Dodgers     $399   -11    $154
 5. Seattle Mariners        $396     3    $169
 6. Atlanta Braves          $374   -12    $156
 7. San Francisco Giants    $368    -4    $153
 8. Chicago Cubs            $358     7    $156
 9. Houston Astros          $320    -2    $128
10. St Louis Cardinals      $314     2    $131
11. Texas Rangers           $306    -8    $127
12. Baltimore Orioles       $296    -5    $129
13. Cleveland Indians       $292   -12    $127
14. Colorado Rockies        $285    -6    $124
15. Philadelphia Phillies   $281    18    $115
16. Arizona Diamondbacks    $276     3    $126
17. San Diego Padres        $265    17    $106
18. Chicago White Sox       $248     6    $124
19. Cincinnati Reds         $245    10    $123
20. Anaheim Angels          $241     7    $127
21. Detroit Tigers          $235    -1    $117
22. Pittsburgh Pirates      $217    -3    $109
23. Oakland Athletics       $186     8    $110
24. Milwaukee Brewers       $174   -16    $102
25. Florida Marlins         $172    27    $101
26. Kansas City Royals      $171    12     $98
27. Toronto Blue Jays       $169     2     $99
28. Minnesota Twins         $168    14     $99
29. Tampa Bay Devil Rays    $152     4    $101
30. Montreal Expos          $145    29     $81


Copyright 2004 by The Associated Press