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.

Phillies acquire Mike Morin from Twins

Mike Morin
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On Saturday, the Phillies completed a trade with the Twins for right-handed reliever Mike Morin. The Twins will get cash considerations in the deal.

It’s a fairly quick turnaround for the 28-year-old Morin, who was designated for assignment on Tuesday after the Twins returned first baseman Eddie Rosario and outfielder C.J. Cron to the active roster. In 23 appearances for Minnesota, the righty registered a 3.18 ERA, 0.8 BB/9, and 4.4 SO/9 through 22 2/3 innings, a brief but promising improvement over the rough patch he weathered with the Mariners in 2018.

As the Phillies intend to move Morin to the 40-man roster this weekend, they’ll transfer fellow right-hander Seranthony Domínguez to the 60-day injured list in order to clear a spot for the new reliever. Domínguez, 24, suffered a UCL tear in his right elbow last month and is still working his way back to the mound — though there’s speculation that he may undergo Tommy John surgery at some point in the near future.