The Yankees, who past year missed the postseason for the third time in four seasons, saw their revenue rise 2 per cent to an MLB-high $526 million, according to Forbes. That is a 10% increase over the $865 million the publication valued the Royals at a year ago, fresh off their World Series victory. Five of the seven teams who earned more revenue past year than the Phillies made the playoffs.
Over the past 10 campaigns, a team ranked in Forbes' top five has won the World Series on seven occasions.
Even amid four consecutive losing seasons, the Philadelphia Phillies' franchise is gaining value.
Forbes reported Mike Ozanian notes that the Miami Marlins recently had a handshake deal to sell the franchise for $1.6 billion, although that deal fizzled.More news: WHO urges Kenya to support mental health programs
At the bottom were the Tampa Bay Rays ($825 million), Oakland Athletics ($880 million), Cincinnati Reds ($915 million) and Cleveland Indians ($920 million).
Part of rebuilding is getting rid of more expensive contracts - Cliff Lee, Ryan Howard, Chase Utley, just to name a few - and replacing them with younger players like Aaron Nola, Tommy Joseph and Cesar Hernandez. Forbes released their rankings of the most valuable Major League Baseball franchises, and the Phils came in at ninth.
That added capital should work wonders for the team over the next two decades. The M's are spending $154.2 million on this squad's salaries. That said, if the team plays well, more people will come to the park and prices can be increased for tickets, merchandise and ads.