Forbes’ annual franchise valuations are out

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Sticking with Forbes, we link for your pleasure its annual list of baseball franchise valuations.  You’ll be shocked to learn that the continued uncertainty at backup catcher and fifth starter has not negatively impacted the value of the New York Yankees. They’re still number one. When you combine the team’s revenues with it’s interest in the YES Network and its Legends Management arm which manages the ballpark, the Yankees — as an overall enterprise, not just the team itself — are worth an astounding $5.1 billion.  Yeah, I think they’ll be able to keep Sabathia if he opts out of his contract this fall.

But it’s not just the Yankees. Overall, the state of franchise valuation is strong:

The average MLB franchise is now worth $523 million, an all-time high and 7% more than last year. All of the league’s teams rose in value except for three: the New York Mets, San Diego Padres and Cleveland Indians. The increase in team values is the result of greater revenue for teams playing in new stadiums, like the New York Yankees (up 6% in value to $1.7 billion) and Minnesota Twins (up 21% to $491 million) as well as the Florida Marlins (up 13% to $360 million), who are scheduled to move into their new stadium in 2012.

And I would presume that the Mets valuation will slingshot back up if and when the team is sold to more solvent ownership.

People always wonder why someone would want to buy a Major League team given the big salary obligations and, for many teams anyway, the lowish annual revenues. The answer is appreciation of the asset which — in addition to being an ego-gratifying little jewel to own — happens to appreciate at a nice steady rate even during economic downturns.

Franchise appreciation and subsequent sale is where the real money is. Unless you’re in Cleveland and San Diego, anyway. And unless you have franchise crippling debt.

Blue Jays acquire Rob Refsnyder from Yankees

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The Blue Jays acquired Yankees’ infielder/outfielder Rob Refsnyder for first base prospect Ryan McBroom, the teams announced Sunday. Refsnyder was designated for assignment by the Yankees earlier in the week and is expected to report to Triple-A Buffalo, while McBroom could find a landing place on the Blue Jays’ Double-A roster in Trenton.

Refsnyder, 26, had trouble heating up at the plate during his third campaign with the Yankees. He batted .135/.200/.216 with a double and two stolen bases through his first 40 PA in 2017 and was optioned to Triple-A Scranton/Wilkes-Barre coming out of the All-Star break. His numbers solidified during a 38-game stint in Triple-A, where he posted a .312/.390/.464 batting line with 15 extra-base hits in 159 PA. He’s not slated for a major league gig with the Blue Jays just yet, but could see some time at second base behind Ryan Goins and Darwin Barney, especially with Devon Travis and Troy Tulowitzki still on the mend.

McBroom, 25, was ranked No. 30 among the Blue Jays’ top prospects in 2017. He profiles as a bat-only first baseman with little speed or range in the infield, and was working through his second season at Double-A New Hampshire prior to the trade. He entered Sunday slashing .243/.321/.402 with 12 home runs through his first 392 PA of the year.

The Marlins won’t deal Giancarlo Stanton before the trade deadline

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Marlins’ president of baseball operations Michael Hill told reporters Sunday that he has no intention of dealing Giancarlo Stanton, Christian Yelich, Justin Bour, J.T. Realmuto, Marcell Ozuna or Dan Straily at the trade deadline this July. That’s a decision he feels would be better left in the hands of the Marlins’ new ownership, though the hand-off may still be a ways away.

That doesn’t mean that teams aren’t interested in the club’s core players, however. From Clark Spencer of the Miami Herald:

It’s not stopping calls from coming in,” Hill said of the interest. “It’s been fairly consistent, with people checking in to see where we’re at to see if we may be open to expanding the players we’re talking about. But we haven’t put any of those guys in play.

ESPN’s Buster Olney adds that there’s a catch-22 when it comes to moving superstars like Stanton. He represents the face of the franchise and one of the team’s most significant assets, but the remainder of his 13-year, $325 million contract also makes up a sizable portion of the Marlins’ debt.

While the club may not be ready to deal some of their marquee players just yet, they don’t intend to sit pat at the deadline, either. They’re still looking to shed some payroll in the bullpen after dealing right-handed reliever David Phelps to the Mariners and appear to be listening to multiple offers on fellow righty A.J. Ramos. Ramos, 30, has seen mixed results over his first 37 1/3 innings of 2017 with a 3.86 ERA, 4.8 BB/9 and 11.1 SO/9, though Hill appears optimistic that the Marlins can extract considerable value from a trade.