The New York Yankees, Los Angeles Dodgers and Boston Red Sox are the most valuable MLB teams.
The Bronx Bombers valuation increased by 14 percent. The Dodgers are the only other team with more than $4 billion. The Chicago Cubs and the Red Sox both fell just short of that mark.
The Texas Rangers saw a 15 percent increase in valuation to $2.05 billion, which is likely due to the fact that they could open up Globe Life Field to fans for the first time in 2021.
The Baltimore Orioles and Miami Marlins were the only MLB teams that did not see their valuation grow.
The Forbes data will give fans more information about the lack of spending for organizations outside of the major markets.
The average team valuation is the highest ever. They noted how jersey patch and helmet decals will create new revenue sources.
Forbes @ForbesAlong with five years of labor peace, which provides economic stability, the new MLB CBA introduces two new sources of sponsorship revenue, expected to begin in the 2023 season: jersey patches and helmet decals.
See more: https://t.co/Ia3c6tjfZ1 pic.twitter.com/Ylftp2bcdP
The combined payroll of the bottom five teams is less than what the top four teams are spending.
Joc Pederson @yungjoc650Embarrassed for your fan base…be better. If you can’t, sell ur team to somebody that wants to show the fan base and baseball they’re at least trying to compete. Sorry unacceptable pic.twitter.com/n5KZpxgEor
There isn't a defense for running a payroll below $50 million because of the healthy financial state of MLB. It becomes harder to defend the tactic when discussing the Oakland Athletics or Cleveland Guardians, who would have had a better chance in the playoffs if the field had been larger.
Despite MLB teams making money hand over fist, the status quo has not changed despite the new collective bargaining agreement.