MLB franchise value: This is how much each Major League Baseball team is worth
Here’s how much money is floating around baseball in the United States.
Major League Baseball, like most sports, is thriving thanks to inflated TV deals and huge interest from all four corners of the globe. Franchises are increasing in value year on year and they don’t look like stopping any time soon. Given the constant rise, CNBC put together a 2025 report which reveals that the typical MLB team is now worth about $2.62 billion, marking a rise of roughly 12% year-over-year.
At the summit sits the New York Yankees, top in the ranking, with a valuation hovering at $8 billion. They’re followed by the Los Angeles Dodgers, valued at approximately $5.6 billion.
Their combination of revenue, history, fanbase, and media presence gives them a unique financial profile, and while not every franchise is growing at the same rate, the spread between the highest- and lower-valued teams is indeed on the rise.
Steve Greenberg, a managing director at Allen & Company who focuses on the sports and media industries, told CNBC that “local media headwinds are undeniable. That said, I feel that MLB has been undervalued versus other leagues and may be poised to close the gap.”
Team payroll this season:
— StatMuse Baseball (@statmusemlb) August 13, 2023
$343.8M $93.8M
The Nationals have the better record. pic.twitter.com/1ajinicEaz
This is how much each Major League Baseball team is worth:
1. New York Yankees — $8B — The Steinbrenner family
2. Los Angeles Dodgers — $5.8B — Guggenheim Baseball Management
3. Boston Red Sox — $4.7B — John Henry, Thomas Werner
4. Chicago Cubs — $4.5B — The Ricketts family
5. San Francisco Giants — $3.8B — Greg Johnson
6. Philadelphia Phillies — $3.2B — The Middleton family, the Buck family
7. New York Mets — $3.15B — Steve and Alexandra Cohen
8. Atlanta Braves — $3.1B — Atlanta Braves Holdings
9. Houston Astros — $3B — Jim Crane
10. Texas Rangers — $2.75B — Ray Davis
11. Los Angeles Angels — $2.7B — Arturo and Carole Moreno
12. St. Louis Cardinals — $2.55B — William DeWitt Jr.
13. Seattle Mariners — $2.25B — John Stanton, Chris Larson
14. Toronto Blue Jays — $2.2B — Rogers Communications
15. Chicago White Sox — $2.15B — Jerry Reinsdorf, Justin and Mat Ishbia
16. San Diego Padres — $2.1B — The Seidler family
17. Washington Nationals — $2.05B — The Lerner family
18. Oakland Athletics — $2B — John Fisher
19. Baltimore Orioles — $1.85B — David Rubenstein
20. Arizona Diamondbacks — $1.75B — Ken Kendrick
21. Milwaukee Brewers — $1.7B — Mark Attanasio
22. Minnesota Twins — $1.65B — The Pohlad family
23. Colorado Rockies — $1.62B — Charles and Richard Monfort
24. Detroit Tigers — $1.6B — The Ilitch family
25. Cleveland Guardians — $1.55B — Paul Dolan, David Blitzer
26. Cincinnati Reds — $1.5B — Robert Castellini
27. Pittsburgh Pirates — $1.47B — The Nutting family
28. Kansas City Royals — $1.45B — John Sherman
29. Tampa Bay Rays — $1.4B — Stuart Sternberg
30. Miami Marlins — $1.2B — Bruce Sherman
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In sum, CNBC’s 2025 valuations show a league in growth mode, but also one whose financial health depends heavily on broadcast agreements, stadium deals, and brand power.
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