MLB Franchise Notes: Average Value Of MLB Franchise Reaches $1B
BLOOMBERG NEWS' Peter Schwartz reported the average value of an MLB team is $1B, "more than 35 percent higher than previous estimates." The Yankees are worth $3.3B, "making them the sport’s most-valuable enterprise," followed by the Dodgers at $2.1B. Ten teams "are worth more than" $1B, including the Red Sox and Mets each over the $2B mark. Bloomberg News "examined revenue from ticket sales, concessions, sponsorships and broadcast rights, as well as interests in TV channels, radio stations and real estate" (BLOOMBERG NEWS, 10/23).
TIGER, TIGER, BURNING OUT? In Detroit, Tony Paul writes under the header, "Tigers' Bloated Payroll May Prevent Them From Going After Prime Free Agents." The Tigers have "a serious money issue" as they look to improve for the '14 season. The team's payroll this season topped $150M "when all was said and done, impressively stretching to the limits a budget that more resembles a big-market’s -- not the mid-market that Detroit, most certainly, is." There "figures to come a time" when Owner Mike Ilitch "finally will cease to throw piles of cash at the issue" (DETROIT NEWS, 10/24).
BACK IN BLUE: In L.A., Dylan Hernandez reports Don Mattingly "will manage the Dodgers next season." Mattingly's agent Ray Schulte yesterday said that Mattingly "intended to honor his contract" with the team, but added that he is "still looking for a multiyear deal." Dodgers President & CEO Stan Kasten did not address an extension, but said he is "anticipating a happy ending" (L.A. TIMES, 10/24). Kasten: "I never had any thought he would renege on his contract. It was never a question for me." Sources said that the Dodgers "intend to begin dialogue with Mattingly on a new contract in the next few days" (ESPNLA.com, 10/23).