ARIZONA DIAMONDBACKS

Diamondbacks move up 2 spots in Forbes’ 2019 MLB valuations

Apr 11, 2019, 8:11 AM
Arizona Diamondbacks' Zack Greinke runs the bases after hitting a home run during the sixth inning ...
Arizona Diamondbacks' Zack Greinke runs the bases after hitting a home run during the sixth inning of a baseball game against the San Diego Padres, Tuesday, April 2, 2019, in San Diego. (AP Photo/Orlando Ramirez)
(AP Photo/Orlando Ramirez)

The Arizona Diamondbacks are the 18th-most valuable MLB franchise and grew 7 percent year-over-year from 2018 to 2019, according to Forbes’ annual MLB valuations.

Worth $1.29 billion, they moved up two spots from the 2018 edition of the rankings after being valued at $1.21 billion last year.

The D-backs have an estimated revenue of $275 million and operating income of $10 million.

After posting an operating income of $34 million last year, Forbes notes that the decrease is related to the team’s agreement this summer with Maricopa County, which put maintenance and control responsibilities of the team’s home, Chase Field, on the team rather than the county.

That deal is part of the Diamondbacks’ ability to more easily search for a new home as it considers leaving Chase Field or renovating it, according to Forbes.

A cause of consternation for the Diamondbacks is the money from non-baseball events at Chase Field goes towards the ballpark’s maintenance rather than into the pocket of the owners.

The deal (with the county) gives the Diamondbacks control of stadium maintenance and allows it to spend $35 million in repair money on a new scoreboard, air conditioning equipment and other items. The Diamondbacks also would take over booking concerts and events. In short, this deal much better aligns the interests of the team with the economics of the ballpark.

Arizona’s $1.29 million valuation breaks down as such, per Forbes: $533 million in revenue shared between MLB teams; $454 million from the city and market size; $185 million attributed to Chase Field; and $118 million for its brand.

The average baseball team is now worth $1.78 billion.

At the top of the mountain in terms of value are the New York Yankees ($4.6 billion), Los Angeles Dodgers ($3.3 billion), Boston Red Sox ($3.2 billion), Chicago Cubs ($3.1 billion) and San Francisco Giants ($3 billion).

The least valuable team in MLB is the Miami Marlins, which posted no value increase since last year’s Forbes valuation and sits at $1 billion. The team also posted a loss of $22 million.

Arizona Diamondbacks

24 Jul 2000:  A general view of the plaques dedicated to the Legends of Baseball at the Baseball Ha...
Dan Bickley

Baseball Hall of Fame should have Bonds, Clemens, Rose in

The Baseball Hall of Fame passed on the chance to have Barry Bonds and Roger Clemens inducted once again on Tuesday.
1 day ago
Fans take a photo in front of the Chicago Cubs Spring Training sign before a spring training baseba...
Associated Press

MLB labor woes threaten 3rd consecutive spring training in Arizona

The owners locked out the players on Dec. 2 and unless an agreement between them is reached soon, the spring training schedule is in trouble.
1 day ago
A general view of Chase Field during a game between the Los Angeles Dodgers and Arizona Diamondback...
Alex Weiner

Diamondbacks sign highly ranked international shortstop prospect

The Arizona Diamondbacks agreed to sign one of the top international shortstop prospects, Abdidas De La Cruz, for $1.2 million. 
12 days ago
Arizona Diamondbacks second baseman Ketel Marte (4) throws to home plate in the bottom of the fifth...
Arizona Sports

D-backs scheduled to face Rockies in Las Vegas spring series

The Arizona Diamondbacks and Colorado Rockies have scheduled a spring training series on March 18-19 in Las Vegas.
13 days ago
Kyler Murray #1 of the Arizona Cardinals and head coach Kliff Kingsbury wait along the sidelines du...
Kevin Zimmerman

New Year’s resolutions for the Arizona sports teams in 2022

Here are what the local teams that air on 98.7 FM can look forward to achieving in the new year. Let's lend them some resolutions.
29 days ago
Deandre Ayton #22 of the Phoenix Suns dunks the ball over Ivica Zubac #40 of the LA Clippers  durin...
Arizona Sports

The best Arizona sports plays of 2021

Being in high-leverage games tends to produce big moments, and multiple local teams competed for a championship this year.
27 days ago
Diamondbacks move up 2 spots in Forbes’ 2019 MLB valuations