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.
The Mets told Jay Bruce that the club plans on having him open the season as the everyday right fielder, Ken Davidoff of the New York Post reports. This comes as no surprise after the Mets failed to get any bites after dangling Bruce as a trade chip. The Mets reportedly wanted a pair of prospects in exchange for Bruce.
With Bruce in right, Yoenis Cespedes back in left, and Curtis Granderson in center, Michael Conforto appears to be the odd man out. He’ll either warm the bench or head back to Triple-A Las Vegas for regular at-bats.
Bruce, who turns 30 years old in April, had a rough final two months of the 2016 season after joining the Mets in a trade from the Reds. He hit a paltry .219/.294/.391 with eight home runs and 19 RBI in 187 plate appearances. Bruce, apparently, wanted to go anywhere but in New York.
Mike DiGiovanna of the Los Angeles Times reports that the Angels have inked outfielder Eric Young, Jr. to a minor league contract with an invitation to spring training.
Young, 31, played in just six games and logged one plate appearance in the majors this past season with the Yankees. He last played regularly in 2014. While Young doesn’t do much with the bat, he could provide value as a pinch-runner. He also offers versatility, having played all three outfield positions along with second base.
The Angels have Ben Revere as their fourth outfielder and Jefry Marte behind him, so Young would need to have a very impressive showing in spring training to find a spot on the Angels’ roster.