It is no surprise that the New York Yankees franchise is considered the most valuable franchise in baseball, and in all U.S. sports. According to Forbes.com, the Yankees organization is reportedly worth a whopping $2.5 billion. Four other teams are also valued over the billion dollar mark, including the Los Angeles Dodgers ($2 billion), Boston Red Sox ($1.5 billion), Chicago Cubs ($1.2 billion), and San Francisco Giants ($1 billion).
You may be surprised to find out that five out of the top 10 teams on this list, including the Red Sox and the Cubs, both valued over $1 billion, are currently below .500 in 2014. Of the top 10 on this list, there are just two division leaders— the Yankees and the Giants.
The Detroit Tigers, worth $680 million, are currently 27-15. The Oakland A’s, worth $495 million, are 30-16. The Milwaukee Brewers, worth $565 million, are 28-19.
This is the beauty of baseball— the smaller markets have just as good of a chance as the big market teams to win the World Series. Team cohesiveness might mean much more than jersey sales.
Let’s take a look at the teams with the largest payrolls: the Dodgers, Yankees, and Red Sox. The Dodgers are 25-22, Yankees are 24-21, and Red Sox are 20-25. With “star-studded” rosters, all three teams, especially Boston, have greatly underwhelmed so far this season. Unlike the other three major pro sports, the MLB doesn’t have a salary cap. Is there something behind that? Does dishing out the highest payroll actually guarantee wins and losses? Apparently the MLB doesn’t think so, and looking at this year’s team valuations and where teams currently sit, parity is at an all-time high.
Below is a list of every MLB team with their current team valuations compared to their 2014 win-loss record just past the quarter-point of the season.
Which teams do you think are overvalued? Which are undervalued?