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.
Yankees shortstop Didi Gregorius had another fantastic night last night. He went 3-for-3, hitting a home run for the fourth game in a row, had an RBI single and reached base safely in all five of his plate appearances in New York’s 7-4 win over Minnesota.
For the year that gives Gregorius a line of .372/.470/.833, putting him atop the American League in average, slugging, OPS, and OPS+. He also leads the league in total bases (65) and RBI (29). He leads all of baseball in fWAR at 2.2, edging out Mike Trout despite the fact that Trout has played in two more games. He’s second behind Trout in homers with nine.
After last night’s game he insisted that he is not a home run hitter:
“I do have a lot of home runs, but it’s not like I am going out there to try to hit them . . . I’m not a power guy like Judge and Stanton, who hit 50 to 60 and up. Those are the guys who actually hit home runs. One year, let’s say, I hit five — then you ask me where that part went . . . if they go out, they go out. I’m just mostly trying to barrel it up and get a good swing . . . I try to hit line drives and if you check most of my home runs they were line drives,” he said. “It’s not like I am going up to hit deep fly balls.”
Given that he hit 25 homers last year and 20 the year before, he’s being a bit modest, even if he’s not likely to keep up this torrid pace. That modesty is not stopping some people from getting a bit carried away, of course:
We’ll forgive Bob for the hyperbole. Didi has been fun to watch.