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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

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: WHO: AstraZeneca vaccine must be evaluated on "more than a press release."
  2. Politics: Supreme Court backs religious groups on New York COVID restrictions.
  3. Economy: Safety nets to disappear in DecemberAmazon hires 1,400 workers a day throughout pandemic.
  4. Education: U.S. public school enrollment drops as pandemic persists — National standardized tests delayed until 2022.
  5. Cities: Los Angeles County issues stay-at-home order, limits gatherings.
  6. World: London police arrest dozens during anti-lockdown protests — Thailand, Philippines sign deal with AstraZeneca for vaccine.

Tony Hsieh, longtime Zappos CEO, dies at 46

Tony Hsieh. Photo: FilmMagic/FilmMagic

Tony Hsieh, the longtime ex-chief executive of Zappos, died on Friday after being injured in a house fire, his lawyer told the Las Vegas Review-Journal. He was 46.

The big picture: Hsieh was known for his unique approach to management, and following the 2008 recession his ongoing investment and efforts to revitalize the downtown Las Vegas area.

Dan Primack, author of Pro Rata
8 hours ago - Economy & Business

The unicorn stampede is coming

Illustration: Annelise Capossela/Axios

Airbnb and DoorDash plan to go public in the next few weeks, capping off a very busy year for IPOs.

What's next: You ain't seen nothing yet.