The Yankees generate more than $526 million in revenue (after revenue sharing), more than any other team, according to Forbes, with an operating income of $39 million.
The 27-time World Series champions, who have held the top spot on the list in each of the 20 years Forbes has been tracking Major League Baseball valuations, are worth almost $1 billion more than the next most valuable team.
Some Twitter users commented on the fact that the Yankees ranked so highly despite not making the playoffs or winning lately.
The Houston Astros, the only team on the list that hasn't won a World Series in the last decade (or ever), are a World Series contender this year.
Even amid four consecutive losing seasons, the Philadelphia Phillies' franchise is gaining value.
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Overall, the Tigers are worth $1.2 billion, according to Forbes.
The lowest ranked teams by value were the Oakland Athletics at $880 million and the Tampa Bay Rays at $825 million. General manager Matt Klentak has repeatedly said the ownership is prepared to make the necessary financial resources available.
Part of rebuilding is getting rid of more expensive contracts - Cliff Lee, Ryan Howard, Chase Utley, just to name a few - and replacing them with younger players like Aaron Nola, Tommy Joseph and Cesar Hernandez.
That added capital should work wonders for the team over the next two decades.
Notably, the Phillies led Major League Baseball in operating income with a surplus of $87.7 million. The team will likely also get a larger payout from their television deal later in the decade as well.