The New York Yankees are arguably the most prestigious and well-known team in Major League Baseball. They also are, inarguably, the most valuable franchise in the sport. The team is valued at $6 billion, per Forbes, making it one of the most valuable franchises in professional sports.
The Yankees are one of two MLB teams that engage in that tactic, according to Stephanie Apstein of Sports Illustrated. The other team is the Cincinnati Reds.