MLB: New York Yankees at Tampa Bay RaysApr 2, 2017; St. Petersburg, FL, USA; New York Yankees manager Joe Girardi (28) looks on prior to the game against the Tampa Bay Rays at Tropicana Field. Mandatory Credit: Kim Klement-USA TODAY Sports
(Reuters) - The New York Yankees maintained their status as Major League Baseball's most valuable team and are worth an estimated $3.7 billion, according to a survey released by Forbes on Tuesday.
The 27-time World Series champion Yankees, who have held the top spot on the list in each of the 20 years Forbes has been tracking MLB valuations, are worth nearly $1 billion more than the next most valuable team.
Forbes said the average MLB team is worth $1.54 billion, a 19 percent rise from last year, which the magazine attributed to new local television deals that are increasing at roughly a two-fold rate, as well as a surge in profitability.
The Yankees, who last year missed the postseason for the third time in four season, saw their revenue rise 2 percent to an MLB-high $526 million, according to Forbes.
For the complete list visit (http://Forbes.com/MLB)
(Reporting by Frank Pingue in Toronto; Editing by Larry Fine)