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

25 Comments

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.

Cardinals acquire Marcell Ozuna from the Marlins

Getty Images
2 Comments

The St. Louis Cardinals have acquired Marcell Ozuna from the Miami Marlins. Craig Mish of Sirius XM was the first to report that the deal was done. Ozuna still has to take a physical.

There is no report yet about what the Cards had to give up to get Ozuna, but given that the Cards and Marlins put a deal together for Giancarlo Stanton, the sides certainly have discussed various Cards prospects recently.

Ozuna fills a major need for the Cardinals, who had serious weaknesses in the middle of the order in 2017. Last year their number three hitters hit a combined .246/.338/.425 and their cleanup hitters hit 270/.350/.444. Ozuna, 27, had a fantastic offensive year in 2017, hitting .312/.376/.548 with 37 home runs and 124 RBI in 159 games.

Ozuna made $3.5 million this past season and is due for arbitration this offseason. He is under contractual control through 2019.