The average Major League Baseball team is worth $1.2 billion, according to Forbes.
The valuation represents a 48 percent increase from last year.
The reason for the growth is the national television deal, which the magazine notes will deliver an average of $52 million per team per year through the 2021 season.
The New York Yankees are worth $3.2 billion, tops on the list and just the second United States sports franchise to eclipse the $3 billion mark. The Dallas Cowboys were estimated to be worth $3.2 billion by Forbes last August.