The Colorado Rockies are worth —[extremely Dr. Evil voice] — ONE BILLION DOLLARS.
Forbes released its annual MLB valuations Tuesday, and the publication says that the Rockies are worth an even $1 billion. That’s up from $860 million Forbes valued the Rockies at last year, which represents a 16 percent increase.
Forbes ranked Colorado the 23rd most valuable MLB franchise out of 30. The average MLB team is worth $1.54 billion — a 19 percent jump compared to 2016.
“Values were driven higher by new local television deals that are increasing at roughly a two-fold rate, surging profitability, and the escalating value of Major League Baseball Advanced Media, the Internet and technology arm of MLB,” Forbes said.
The New York Yankees, who are worth $3.7 billion according to the publication, topped the list.
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