10 MLB teams valued at $1 billion or more, are the Dodgers to thank?

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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.

Athletics acquire Wilmer Font from Dodgers

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The Dodgers announced on Wednesday that the club traded pitcher Wilmer Font to the Athletics in exchange for minor league pitcher Logan Salow.

Font, 27, was designated for assignment by the Dodgers on Monday. The right-hander struggled in six relief appearances, giving up 13 runs on 18 hits and a walk with seven strikeouts in 10 1/3 innings.

Salow, 23, opened the season with Single-A Beloit. The lefty has yielded two runs (one earned) on one hit and two walks with eight strikeouts in 5 2/3 innings.