Forbes: Red Sox Are Third Most Valuable Team in Baseball - NECN
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Forbes: Red Sox Are Third Most Valuable Team in Baseball

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    Forbes: Red Sox Are Third Most Valuable Team in Baseball
    Perry Russom/NBC Boston
    Fenway is slowly filling up ahead of the first pitch

    Forbes ranks the New York Yankees as baseball's most valuable team for the 20th straight year and lists the Tampa Bay Rays with the lowest valuation.

    Forbes said Tuesday it estimates the Yankees are worth $3.7 billion, up 9 percent from last year. The Dodgers are next at $2.75 billion, a 10 percent increase. The Red Sox are third at $2.7 billiion, up 17 percent.

    Next up were the Chicago Cubs ($2.675 billion), San Francisco ($2.65 billion) and New York Mets ($2 billion).

    At the bottom were the Rays ($825 million), Oakland ($880 million), Cincinnati ($915 million) and Cleveland ($920 million).

    Major League Baseball's average team value rose 19 percent to $1.54 billion. Forbes says values increased because of new local television deals, as well as a "surge in profitability."

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