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Forbes: Padres valued at $1.45 billion, up 7 percent from last year

Even with baseball stuck in neutral, the Padres remain an organization on the rise in at least one way.

Forbes’ annual financial assessment of Major League Baseball teams values the Padres at $1.45 billion, a 7 percent jump over last year.

Only the Baltimore Orioles (9 percent), Washington Nationals (9), New York Yankees (9), Minnesota Twins (8), Toronto Blue Jays (8) and Philadelphia Phillies (8) improved their value at a higher rate than the Padres.

The current ownership group purchased the Padres in 2012 for $800 million, which included $200 million in upfront money received as an advanced payment from Fox Sports San Diego as part of its 20-year cable deal.