PEORIA, Ariz. — The Mariners’ franchise value jumped an astounding 55 percent over the last year to $1.1 billion, according to Forbes magazine in its annual financial report on Major League Baseball.
Forbes took note of the club’s new deal with Root Sports, which it said would generate about $103 million a year over the life of the 18-year agreement.
Major League Baseball does not release it financial reports and has long disputed Forbes’ annual findings.
The magazine defines franchise value as the value of the club based on its current stadium deal without deduction for debt other than stadium debt.
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Forbes also reported that, despite the Root-generated windfall, the Mariners actually dropped two slots — to 14th — in terms of franchise value when measured against the other 29 teams.
The Mariners’ value is also slightly below the overall major-league average of $1.2 billion per franchise.
The New York Yankees rank first in value at $3.2 billion. The Los Angeles Dodgers are second at $2.4 billion, followed by Boston at $2.1 billion, San Francisco at $2 billion and the Chicago Cubs at $1.8 billion.
The Mariners rank third in value among American League West teams.
The Los Angeles Angels rank eighth overall at $1.3 billion; Texas is 11th at $1.22 billion; Houston is 26th at $800 million; and Oakland is 27th at $725 million.
The only franchises ranked lower than the Astros and Athletics are Kansas City at $700 million, Miami at $650 million and Tampa Bay at $625 million.
MARINERS’ ANNUAL FRANCHISE VALUE ACCORDING TO FORBES
Year Value Rank among 30 teams
2015 $1.1 billion 14th
2014 $710 million 12th
2013 $664 million 12th
2012 $585 million 12th
2011 $449 million 15th
2010 $439 million 14th
2009 $426 million 13th
2008 $466 million 11th
2007 $436 million 12th
2006 $428 million 8th
2005 $415 million 5th
2004 $396 million 5th
2003 $385 million 6th
2002 $373 million 6th
Note: Major League Baseball does not release financial records and has long disputed Forbes’ valuations.
FORBES 2015 FRANCHISE VALUATIONS
- New York Yankees $3.2 billion
- Los Angeles Dodgers $2.4 billion
- Boston Red Sox $2.1 billion
- San Francisco Giants $2.0 billion
- Chicago Cubs $1.8 billion
- St. Louis Cardinals $1.4 billion
- New York Mets $1.35 billion
- Los Angeles Angels $1.3 billion
- Washington Nationals $1.28 billion
- Philadelphia Phillies $1.25 billion
- Texas Rangers $1.22 billion
- Atlanta Braves $1.15 billion
- Detroit Tigers $1.125 billion
- Seattle Mariners $1.1 billion
- Baltimore Orioles $1 billion
- Chicago White Sox $975 million
- Pittsburgh Pirates $900 million
- Minnesota Twins $895 million
- San Diego Padres $890 million
- Cincinnati Reds $885 million
- Milwaukee Brewers $875 million
- Toronto Blue Jays $870 million
- Colorado Rockies $855 million
- Arizona Diamondbacks $840 million
- Cleveland Indians $825 million
- Houston Astros $800 million
- Oakland Athletics $725 million
- Kansas City Royals $700 million
- Miami Marlins $650 million
- Tampa Bay Rays $625 million