Yankees worth big league-high $3.7 billion

Getty Images

Of the other teams on the list, all four have made a playoff appearance at some point in the last two seasons.

Notably, the Phillies led Major League Baseball in operating income with a surplus of $87.7 million. They moved up one spot from ten in 2016 to nine this year. Large chunks of that payroll cut came thanks to the expiring contracts of Cliff Lee, Ryan Howard, and Roy Halladay along with trading away the bigger contracts of Cole Hamels and Jonathan Papelbon. That was a record for an Major League Baseball franchise, which many considered to be a ridiculous price, but Forbes projects the team would be sold at a 180 percent increase if the Cubs hit the market today. On the west coast, the Los Angeles Dodgers are the next most valuable franchise with a value of $2.75 billion. Greatly contributing to the higher values is MLB Advanced Media, the league's digital and technology arm which has experienced huge growth in recent years and is equally owned by the league's teams.

The New York Yankees were listed as the most valuable, at $3.7 billion.

Venezuelans pour into Caracas' streets for anti-government protest
The collapse in prices for Venezuela's crucial oil exports has sapped the country's revenues. After this week's demonstrations, Maduro dismissed Capriles as "politically finished".

New York Yankees catcher Gary Sanchez during an at bat against the Tampa Bay Rays.

The Yankees are the second-highest valued sports franchise in the United States behind only the Dallas Cowboys. During the 2016 season, baseball's 30 teams posted an average operating income (earnings before interest, taxes, depreciation and amortization) of $34 million, 52% more than the 2015 season (the previous record). With revenue increasing faster than costs, many teams are in the black right now.

Related News:

  • Dodge Challenger SRT Demon Releases Final Video Teaser 'Judgement Day'

    With the new bits plugged in, the Demon's V8 can adjust its spark timing to take advantage of the higher-octane fuel. This in turn will create more impressive elapsed times for drag racers behind the wheel of the Dodge Demon.

    Yankees' Greg Bird sits with sore right ankle

    Gardner doubled ahead of No. 2 hitter Sanchez in the fifth, and then Sanchez - just 1-for-14 on the season entering that at-bat. Given the position that Sanchez plays - catcher - it will be interesting to see how much time Sanchez will spend on the shelf.
    Amazon Launches Fire TV Media Streamer With Alexa Remote in the UK

    Amazon Launches Fire TV Media Streamer With Alexa Remote in the UK

    Those of you who don't own a voice remote can also use Alexa, but only with the help of the Fire TV app for Android devices. It features a new quad-core processor that makes it 30 percent faster than the previous version, according to the company.
  • Harry Kane Striker back to boost Tottenham title hopes

    Spurs made it six league victories on the spin with a dominant showing to maintain the heat on leaders Chelsea. Spurs' cause will be aided by the return of Harry Kane who has missed the last month with an ankle injury.

    Curry Doubtful For Durant's Likely Return To Action

    However, two-time reigning MVP Stephen Curry is listed as doubtful to face the Pelicans on Saturday because of a bruised knee. At 65-14, the team is now 4.5 games clear of the San Antonio Spurs, who are going to play as the No. 2 seed in the playoffs.
    Hernandez-inspired Hull eye safety after thumping 'Boro

    Hernandez-inspired Hull eye safety after thumping 'Boro

    Subs: Adlene Guedioura (for Husband, 59) 6, Patrick Bamford (for Negredo, 71) 6, Cristhian Stuani (for Gestede, 81) 6. Silva retained the side which finished the game on Saturday keeping two wingers and two strikers up front.
  • 'I Think' Susan Rice May Have Committed A Crime

    Rice has come under fire this week amid reports that she was responsible for the unmasking of the identities of Trump associates . Certain government officials such as Rice may request names to be revealed to help them understand the intelligence reports.

    Gun theft suspect threatens schools, sent 'manifesto' to Trump

    Thursday morning, reports of a man with a gun who appeared to be drunk at Lincoln Elementary School prompted a lockdown. He can be seen buying stamps at the Janesville Post Office before crossing the street and mailing the manifesto.
    Molina Lost a Ball Because It Was Stuck to His Chest Protector

    Molina Lost a Ball Because It Was Stuck to His Chest Protector

    Dan Altavilla (1-0) pitched a scoreless eighth for the win and Edwin Diaz struck out two in a ideal ninth for his first save. He became a World Series hero by returning early to start four road games as the Cubs' designated hitter against Cleveland.
  • LG sees best first quarter for almost  eight years

    LG sees best first quarter for almost eight years

    Samsung has denied any wrongdoing and Lee, who was arrested in February , has pleaded not guilty. Revenue for the quarter likely rose 9.7 percent to 14.7 trillion won, the firm said .
    Nigerians Are Most Depressed in Africa, Says WHO

    Nigerians Are Most Depressed in Africa, Says WHO

    The 300 million people now battling depression is an increase of more than 18 percent from rates reported from 2005 to 2015. Every year on April 7, the World Health Organisation ( WHO ) organises World Health Day in celebration of its founding.
    McConnell reaches out to Romney about possible Senate bid

    McConnell reaches out to Romney about possible Senate bid

    Several high-profile Utah Republicans have been touted as potential challengers for Hatch in 2018, including form Republican Gov. Jon Huntsman of Utah, Sutherland Institute president Boyd Matheson, World Trade Center Utah CEO Derek Miller and Republican Rep.


Most liked

Mass bleaching damages Great Barrier Reef
The concern, the researchers say, is that the coral that was damaged during the mass bleaching in 2016 has no chance of recovery. Terry Hughes , Director of the ARC Centre of Excellence for Coral Reef Studies , who conducted the aerial surveys of the reef.

Sergio Garcia wins the Masters in sudden-death playoff
Rose regrouped quickly, however, and has established himself as one of the game's leading players, now ranked 14th in the world. Championship, at the age of just nineteen, Sergio Garcia reached the eighteenth hole one shot behind the leader, Tiger Woods.

OMG: Bradley Cooper and Irina Shayk Are Officially Parents!
See a list of celebrities who posed naked and pregnant for magazines and more scandalous nude celeb baby bump photos . News: 'Irina and Bradley are doing really well. "They share those moments when the baby kicks and they can't wait".

An extra spoke out about appearing in that Kendall Jenner Pepsi advert
In the sketch that aired on last night's episode (April 8), cast member Beck Bennett plays the writer behind the advert. Despite considerable backlash to the ad on social media, Pepsi is standing by the commercial.

Colorado State researchers forecast 'below-average' 2017 hurricane season
That compares with 2016's season that produced hurricane activity that was about 135 percent of the average. For the entire USA coastline, the chances of a Category 3, 4 or 5 storm making landfall are 42 percent.

North Korea says Syria airstrikes prove its nukes justified
The launches are considered to be in violation with the corresponding resolution adopted by the United Nations. It has conducted five nuclear tests, two since the beginning of previous year , and scores of missile tests.

Salute to Chuck Berry opens Rock Hall ceremony
Covering Prince is a hard proposition, and his take on the Purple Rain classic didn't entirely land. The band has always been heavily involved in the process when it comes to album covers.

Few on late missed call: 'Just the way it goes'
From there, as the teams continued to trade points, the officials couldn't stop blowing the whistle. Jackson was 0-for-9 from beyond the arc but finished with 16 points, while Isaiah Hicks added 13.

Davis Cup: US wins doubles to stay alive in quarterfinal
Jordan Thompson will face John Isner , who was in excellent form despite losing to Kyrgios on Saturday over three tense sets. Thompson, Australians No. 2 singles behind No. 16 Kyrgios, was a prohibitive underdog against Sock.

Jared Kushner omits some foreign contacts on security form
Still, the source, as well as other Trump officials, told Axios that its only a matter of time before Trump makes major changes. House Majority Leader Kevin McCarthy (R-Calif.) is reportedly in the running.

South Korea Test Fires 800 Kilometre-Range Missile
South Korea's Joint Chiefs of Staff issued a similar assessment, saying the missile flew about 60 kilometers (37 miles). South Korea and the USA confirm North Korea launched a single ballistic missile at a facility near Sinpo at 6:42 a.m.

Michigan boy, 11, hangs himself after social media prank
She said she hopes the devastating incident sends the message that parents have to be aware of the dark side of social media. Goss says the accused girl was Tysen's girlfriend, who allegedly faked her own suicide on various social media sites.

As KFC changes policy, Yum shareholders pull proposal on cutting antibiotics
For one thing, KFC is a big buyer - it's the largest chicken-on-the-bone quick-service chain in the country. The move is a response to changing customer preferences, said KFC U.S.

Gambler tied to Phil Mickelson convicted of insider trading
Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts. Davis, who was Walters's friend, business partner and golfing pal of more than 20 years, was the government's star witness.

Kyle Lowry returns, Raptors beat Pistons 105-102
With three more ties in the final minutes, a Valanciunas hook shot followed by a DeRozan jump shot gave Toronto a four-point lead. Cory Joseph knocked down two consecutive threes to cut the Raptors' deficit to 50-39 with 2:41 left in the second quarter.