The New York Yankees are now worth $3.7 billion.
So says Forbes, which has been doing the list of most valuable Major League Baseball franchises for 20 years. In each year, the Yankees have been worth the most money, this time being worth almost $1 billion more than the next most valuable team, the Los Angeles Dodgers ($2.75 billion).
The magazine says that the average MLB team is now worth $1.54 billion, 19 percent higher than just a year ago. 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.