Yankees worth big league-high $3.7 billion

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Despite crossing into the $1 billion realm, the Rockies are still well below the league average of $1.54 billion - a 19 percent increase from the $1.3 billion in 2015. Five of the seven teams who earned more revenue past year than the Phillies made the playoffs. The deal went into effect at the start of the 2016 season. The Red Sox, Cubs and Giants round out the top five while the other NY squad, the Mets, is ranked sixth at an even $2 billion.

Even amid four consecutive losing seasons, the Philadelphia Phillies' franchise is gaining value.

Forbes values the Phils at $1.65 billion, a 34% jump from 2016. The Tampa Bay Rays were the cheapest at $825 million.

Felix Hernandez makes the most at $26,857,142. John S. Middleton, who owns just under a majority of the team, is one of the five richest people in the state of Pennsylvania.

Over the course of the next few years, some of the team's young talents will become more expensive - Odubel Herrera was the first example of a young player to get a long-term extension. Michael Ilitch bought the team for $85 million in 1992 and had in recent years authorized a payroll among the highest in baseball.

Teams in the top markets like New York, Boston, Chicago, and Los Angeles will always be toward the top of these rankings, but the noticeable difference in overall average team value seems to be coming from a vested interest in the sport from the smaller markets. That said, if the team plays well, more people will come to the park and prices can be increased for tickets, merchandise and ads.

That added capital should work wonders for the team over the next two decades.

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