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.

Doubleheader between Cardinals and Tigers postponed

Charles LeClaire-USA TODAY Sports
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A doubleheader between the St. Louis Cardinals and Detroit Tigers this week is being postponed to allow more time for additional COVID-19 testing.

MLB opted to postpone Thursday’s doubleheader to continue additional testing while players and staff are quarantined before the team returns to play. More details about the Cardinals’ resumption of play will be announced later this week.

The Cardinals had a series against Pittsburgh set to start on Monday postponed after a weekend series against the Cubs was scrapped due to three positive coronavirus tests.

St. Louis had two more players and a staff member test positive for the virus on Friday and have had eight positive players overall, including star catcher Yadier Molina.

There have now been 29 games postponed by Major League Baseball because of coronavirus concerns. The Cardinals have not played since July 30 and have had 15 games scrapped.

Miami and Philadelphia each had seven games postponed earlier and have returned to the field since the disruptions.

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