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Expand chart
Data: Forbes; Logos: SportsLogos.net; Chart: Andrew Witherspoon/Axios

The average Major League Baseball team is worth $1.78 billion, according to Forbes, an 8% increase from last year. Additionally, all 30 franchises are worth at least $1 billion; whereas just 10 years ago, only the Yankees and Mets were.

Between the lines:

  • Biggest riser: The Giants saw the biggest increase in value over the last decade. I guess that's what winning three World Series titles does for you.
  • Slowest climb: The rest of the league has caught up to the Mets and Yankees, who rank dead last and third-to-last, respectively, in growth since 2009.
  • Biggest surprise: The Pirates are the league's 20th-most valuable team at $1.2 billion, but they've experienced the fifth-highest growth rate in the last 10 years (274%).
  • Biggest driver: MLB's ownership stakes in MLB Advanced Media (100%), BamTech (15%) and MLB Network (67%), as well as the league's investment portfolio, were included in the valuations and equally divided among the 30 teams, constituting over $400 million in value per franchise.

The big picture: This is Forbes' 22nd time doing this. Over that span, the average MLB team value has increased 11% year-over-year, while NBA and NFL team values have increased 13% and 12%, respectively.

What's next: These increases are only going to get bigger in 2022 when MLB's seven-year, $5.1 billion deal with Fox kicks in.

Go deeper: Axios' Deep Dive on the business of sports

Go deeper

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A new metal 3D printing technology could revolutionize the way large industrial products like planes and cars are made, reducing the cost and carbon footprint of mass manufacturing.

Why it matters: 3D printing — also called additive manufacturing — has been used since the 1980s to make small plastic parts and prototypes. Metal printing is newer, and the challenge has been figuring out how to make things like large car parts faster and cheaper than traditional methods.

Rising rates may hammer the stock market

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Why it matters: A sharp rise in rates in early 2022 is the key reason the stock market is off to an ugly start. And with the Federal Reserve making noise about trying to keep inflation in check, rates could go higher.

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