Mariners Insider

Forbes places Mariners’ value at $710 million

Post by Bob Dutton / The News Tribune on March 26, 2014 at 9:44 am with 1 Comment »
March 26, 2014 9:44 am

The Mariners are worth $710 million, according to the annual report by Forbes magazine that crunches numbers to determine the value of all Major League franchises.

That represents a 10-percent increase over last year and ranks 12th among baseball’s 30 clubs. The New York Yankees lead the list at $2.5 billion, followed by the Los Angeles Dodgers at $2 billion.

The Tampa Bay Rays ranked last at $485 million.

Major League Baseball has long disputed the Forbes calculations, which the magazine contends is the “value of team based on current stadium deal (unless new stadium is pending), without deduction for debt (other than stadium debt).”

Forbes praised the Mariners’ acquisition of controlling interest in Root Sports.

“In April 2013, the Mariners bought a controlling stake in the Root Sports Northwest television network, which broadcasts the team’s games as well as many other regional sports events.

“The crux of the deal is that Root Sports will televise Mariners baseball through the 2030 season, and the team now owns 71 percent of Root Sports Northwest RSN and DirecTV owns 29 percent and will continue to oversee its operations.

“Beginning with the with the 2014 season the rights fee for Mariners will average $103 million over 18 years with the total value of the deal, including the team’s equity stake, worth an estimated $2.5 billion.

“No wonder the Mariners made the biggest free agent splash of the offseason by inking second baseman Robinson Cano to a 10-year, $240 million deal.”

 

Forbes’ 2104 franchise valuations

1. New York Yankees: $2.5 billion

2. Los Angeles Dodgers: $2 billion

3. Boston Red Sox: $1.5 billion

4. Chicago Cubs: $1.2 billion

5. San Francisco Giants: $1 billion

6. Philadelphia Phillies: $975 million

7. Texas Rangers: $825 million

8. St. Louis Cardinals: $820 million

9. New York Mets: $800 million

10. Los Angeles Angels: $775 million

11. Atlanta Braves: $730 million

12. Seattle Mariners: $710 million

13. Washington Nationals: $700 million

14. Chicago White Sox: $695 million

15. Detroit Tigers: $680 million

16. Baltimore Orioles: $620 million

17. San Diego Padres: $615 million

18. Toronto Blue Jays: $610 million

19. Minnesota Twins: $605 million

20. Cincinnati Reds: $600 million

21. Arizona Diamondbacks: $585 million

22. Colorado Rockies: $575 million

23. Pittsburgh Pirates: $572 million

24. Cleveland Indians: $570 million

25. Milwaukee Brewers: $565 million

26. Houston Astros: $530 million

27. Miami Marlins: $500 million

28. Oakland A’s: $495 million

29. Kansas City Royals: $490 million

30. Tampa Bay Rays: $485 million

 

 

Leave a comment Comments → 1
  1. The thing to keep in mind is that these numbers are present day dollars. They look big at the time of the first payment, they won’t buy nearly as much at the time of the last payment. If $103MM is the annual average payment then that level should be reached at the contract half way point in 9 years, however at that point $103MM in today’s dollars will probably be worth something in the range of $80-$85MM in purchasing power. The good news is Cano’s $24MM a year will only be worth less than $20MM by then.

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