The average MLB team is now worth $1.78 billion, which represents an eight percent increase over last year.

Over the 22 years Forbes has released valuations on MLB teams, the average team value has increased at an 11 percent compound annual rate of growth.

The average NBA and NFL team values have increased 13 percent and 12 percent respectively.

The MLB is more reliant on local revenue (ballpark and local television money) at $7.29 billion compared to $2.76 billion in central revenue (mainly national television money).

The New York Yankees, Los Angeles Dodgers, Boston Red Sox, Chicago Cubs and San Francisco Giants comprise the top-5.