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Reproduced from Forbes; Chart: Axios Visuals

MLB team valuations have risen yet again, capping a decade of growth during which the average team's value has increased four-fold, per Forbes.

Why it matters: With team profits also reaching record highs — an average of $50 million per team for a 25% increase YoY — the league is confident it will be able to weather whatever economic downturn a shortened season might cause.

By the numbers:

  • $5 billion: The Yankees remain the most valuable team in the league (second only to the Cowboys' $5.5 billion across all sports).
  • 9% growth: The Yankees, Nationals ... and Orioles (?!) led the pack, each posting a 9% increase in valuation YoY.
  • 5 teams saw their value remain unchanged compared to last year (Diamondbacks, Tigers, Indians, Athletics and Royals).
  • Just 2 teams saw their value decrease (Pirates by 1%, Marlins by 2%).

One mind-blowing stat: If you take away just one nugget from this piece, let it be this. In 2013, 11 of 30 MLB teams failed to turn a profit. This year, the Marlins were the lone team to stake that unfortunate claim (they lost $6 million).

The bottom line: Baseball, like all sports, is going to take a major hit during these unprecedented times. But thanks to a decade of growth, and three major, national media deals that will increase by up to 50% in 2022, it will be back in a big way — whenever that may be.

Reproduced from Forbes; Chart: Axios Visuals

Go deeper

Updated 2 hours ago - Energy & Environment

Thousands without power as "hazardous" winter storm lashes East Coast

Satellite imagery of the Northeastern U.S. taken by NOAA on Jan. 17. Photo: NOAA

A major winter storm lashed much of the East Coast Sunday and Monday, causing widespread power outages and disrupting travel over the holiday weekend.

The latest: Authorities in North Carolina confirmed that two people died in a car crash and that they responded 600 vehicle accidents during the storm on Sunday, per the Washington Post.

Texas abortion law remains in effect after appeals court ruling

Pro- and anti-abortion protesters outside the Supreme Court as arguments begin about the Texas abortion law on Capitol Hill in November. Photo: Jabin Botsford/The Washington Post via Getty Images

A U.S. appeals court transferred a challenge to Texas' law banning most abortions after about six weeks of pregnancy to the state supreme court in a 2-1 vote on Monday evening.

Why it matters: The 5th U.S. Circuit Court of Appeals' decision means the country's most restrictive abortion law can remain in place for the time being.

4 hours ago - World

At least 2 dead after Tonga volcano eruption and tsunami

A satellite image of the explosive eruption of the Hunga Tonga-Hunga Ha'apai volcano on Saturday. Photo: UNICEF/NOAA

At least two people are confirmed to have died in Tonga following the undersea volcanic eruption that sent tsunami waves toward the island nation and across the Pacific over the weekend, officials said Monday.

The big picture: Officials reported major damage along the western coast of the main island of Tongatapu, where the capital, Nuku'alofa, was covered in ash and dust, including on the runway of the airport. A New Zealand Ministry of Foreign Affairs spokesperson told Axios over the phone that two people had been confirmed to have died in the disaster.