Forbes ranks Arizona Diamondbacks as MLB’s 20th most valuable team
Despite a coronavirus-shortened season without any fans in 2020, the value of Major League Baseball teams still increased from last year.
Forbes released its 24th annual MLB valuations on Friday, reporting that the average worth of an individual team has increased to $1.9 billion — over 3% more than a year ago.
The Arizona Diamondbacks came in at the No. 20 spot — worth approximately $1.32 billion, a 2% increase from 2020.
That metric ranked as No. 10 in the National League and fourth in the NL West ahead of the Colorado Rockies at $1.3 billion (2% increase).
It should come as no surprise to see the New York Yankees atop the list with an estimated worth of $5.25 billion, followed by the Los Angeles Dodgers at $3.57 billion — both a 5% one-year increase.
The NL West division foes San Francisco Giants’ $3.175 billion valuation ranked fifth on the chart (2% increase), while the San Diego Padres came in at the No. 17 spot with a worth of approximately $1.5 billion (3% increase).
Revenue fell 65% to $3.66 billion for the league last season, which resulted in teams losing a combined $1.8 billion compared to a $1.5 billion in profit in 2019, according to the report.
However, due to television deals increasing by 19% to a total of $1.84 billion, revenue will increase for all 30 clubs when the new deal begins as Major League Baseball is slated for a 19% annual average increase from 2022-28.
The D-backs will finish up the last of spring training against the Cleveland Indians on Tuesday before Opening Day against the Padres in San Diego on Thursday.