Nationals Among Wealthier Half of Major League Baseball
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WASHINGTON (CBSDC) - The Washington Nationals have been assessed as the 14th most valuable franchise in Major League Baseball according to the latest rankings by Forbes Magazine.
Forbes says the Nationals are currently worth $631 million after clearing revenue of $225 million in 2012.
This ranking puts Washington directly behind the Tigers, ranked 13th, and in front of the Atlanta Braves, ranked 15th, among the richest teams in baseball.
Team values continue to rise sharply across Major League Baseball, despite sinking profitability, due to high-priced television rights fees shared between the teams, as well as other lucrative deals.
In 2012, MLB inked a new eight-year contract with Fox, TBS and ESPN to bring an average of $52 million a season to each of the 30 teams, according to Forbes.
The top five wealthiest franchises should come as no surprise: Yankees, Dodgers, Red Sox, Cubs and Phillies, in order of decreasing wealth.
And valued at $451 million, the Tampa Bay Rays round out the bottom of the league as the least wealthy franchise.
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