Yankees worth big league-high $3.7 billion

Yankees worth big league-high $3.7 billion

Yankees worth big league-high $3.7 billion

The Yankees generate more than $526 million in revenue (after revenue sharing), more than any other team, according to Forbes, with an operating income of $39 million.

Boston was third, at $2.7 billion, followed by the Chicago Cubs ($2.675 billion), San Francisco ($2.65 billion) and New York Mets ($2 billion).

Salute to Chuck Berry opens Rock Hall ceremony
Alicia Keys gave Shakur's raps a new bent, but remained true to the guts that were the essence of his rap. This year's Rock and Roll Hall of Fame induction ceremony will debut on HBO at 8PM ET on April 29.

The Padres' recent string of losing seasons has not kept the franchise's value from rising. That's up 4% from a year ago but only ranks No. 18 in the majors. If the Phillies have a losing season in 2017, which is expected, it will be their sixth straight losing season. For example, the St. Louis Cardinals have a $1 billion TV deal about to start next year through 2032 with FOX Sports Midwest.

New York Yankees catcher Gary Sanchez during an at bat against the Tampa Bay Rays. General manager Matt Klentak has repeatedly said the ownership is prepared to make the necessary financial resources available. Younger players, especially ones that haven't reached arbitration yet, are by definition cheaper, because they haven't earned higher salaries yet.

Davis Cup: US wins doubles to stay alive in quarterfinal
Kyrgios looked confident and untroubled throughout his encounter with Isner. Jordan Thompson of a Australia plays a shot against Jack Sock of the USA.

Notably, the Phillies led Major League Baseball in operating income with a surplus of $87.7 million.

That added capital should work wonders for the team over the next two decades. Salaries are expected to balloon over the next five years, with speculation that Bryce Harper, Mike Trout and Manny Machado all could eventually receive long-term contracts worth more than $40 million annually. With revenue increasing faster than costs, many teams are in the black right now.

1 person dead after shooting near mall in South Florida
The newspaper said about 100 people were eating at Yard House's outdoor patio when the shooting began. "It was never chaotic". Hartog said employees were allowed to clean and shut down the restaurant for the day, and were told to go home afterward.

Related news