Average MLB franchise value reaches $1 billion, per report

The average value of an MLB team in 2013 has reached $1 billion, reports Bloomberg. The New York Yankees are the most valuable team, followed by the Dodgers and Red Sox.

As can be expected, the larger markets fall at the top of the rankings while the small market franchises are the least valuable in the MLB. Making up the bottom five are the Rays ($530 million), the Royals, the Indians, the Rockies and the Athletics.

1. Yankees $3.2 billion
2. Dodgers $2.10 billion
3. Red Sox $2.06 billion
4. Mets $2.05 billion
5. Cubs $1.32 billion
6. Giants $1.23 billion
7. Orioles $1.12 billion
8. Angels $1.09 billion
9. Phillies $1.04 billion
10. Rangers $1.01 billion