Bloomberg published valuations for all 30 Major League Baseball teams, finding that the average value of a team is at $1 billion, 35% higher than previous estimates. The Yankees and Dodgers led the way of course, valued at $3.3 and $2.1 billion, respectively. But eight other teams joined them in the billion-dollar club, including the Red Sox, Mets, Cubs, Giants, Orioles, Angels, Phillies, and Rangers.
Steve Dilbeck of the L.A. Times suggests that the recent sale of the Dodgers to the Magic Johnson group for $2 billion could be a big reason why teams have seen such an increase in value. Dilbeck quotes Matt Miller, the editor of Bloomberg Billionaires:
[…] the $2-billion Dodgers sale changed everything because it “really showed that you have to value all of the assets when it comes to the teams, you can’t just do revenue from ticket sales, concessions and stadium-type deals and merchandising. Really the driver of this is regional sports networks.”
On the topic of regional sports networks, the Bloomberg article points out that of the ten billion-dollar teams, the Phillies are the only team without a regional sports network. However, they are focusing on a new contract as their current one expires in 2015.
Jon Morosi of MLB Network and FOX Sports reports that the Mariners have acquired starter Chris Heston from the Giants. The Giants will receive a player to be named later, per Jon Heyman of FanRag Sports.
Heston, 28, logged only five innings in the majors this past season as he battled an oblique injury and otherwise spent most of his time with Triple-A Sacramento. Heston was solid out of the Giants’ rotation in 2015, posting a 3.95 ERA with a 141/64 K/BB ratio in 177 2/3 innings over 31 starts.
Heston will be under team control through 2021. He’ll provide depth for the Mariners’ rotation in the meantime.
Joe Nathan‘s agent, David Pepe, says his client wants to pitch in 2017, per ESPN’s Jerry Crasnick. “He’s like the Energizer Bunny,” Pepe said.
Nathan, 42, came back from Tommy John surgery in July, pitching two scoreless innings for the Cubs with four strikeouts and two walks. The Cubs released him and the Giants picked him up, and Nathan went on to pitch 4 1/3 scoreless innings down the stretch with five strikeouts and two walks.
According to FanGraphs, Nathan’s velocity wasn’t where it used to be, which is to be expected of a pitcher in his 40’s coming back from major elbow surgery. Still, with teams always on the hunt for bullpen depth, it would be shocking if Nathan didn’t get any bites before spring training starts.