Yankees extend reign as MLB's most valuable team

Patrick McDermott  Getty Images

Patrick McDermott Getty Images

At least according to Forbes magazine, which in its annual franchise valuations released Tuesday said the Rays were up to $825-million, up 27 percent from past year, though still lowest of the 30 major-league teams. It generated more revenue ($526 million) than any other team, too. In each year, the Yankees have been worth the most money, this time being nearly $1 billion more than the next most valuable team, the Los Angeles Dodgers ($2.75 billion).

The Detroit Tigers, Miami Marlins, Kansas City Royals, Pirates and Rays are up for new regional TV packages in coming seasons, Forbes noted.

Hamilton beats Vettel for Chinese Grand Prix win
Ricciardo also reveled in his earlier battle for third place with Vettel, during which the pair briefly rubbed wheels. Hamilton also observed that the conditions favored Mercedes today given the colder weather conditions in Shanghai .

The Arizona Diamondbacks may have sputtered with a 69-93 record in 2016, but that didn't stop the team from increasing its value by a substantial margin. A year ago, the Mariners ranked 12th in franchise value; they were 14th in Forbes' 2014 calculations. Forbes reports the average Major League Baseball team is worth well over $1 billion ($1.54 billion), which means the average has increased 19 percent in just the past year alone. With additions such as Greg Holland and Ian Desmond, there's no reason to think yet another increase in value, ratings and attendance isn't in the cards for 2017.

Major League Baseball's average team value rose 19%, to $1.54 billion. And if you guessed the New York Yankees owned the top spot (again), you'd be right. Oakland is 29th at $880 million. The next top names on the list should not be a shock either: Boston Red Sox ($2.7 billion), Chicago Cubs ($2.68 billion), and the San Francisco Giants ($2.65 billion). Forbes measures the Reds' value at $915 million.

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