By Spike Eskin
PHILADELPHIA (CBS) – The Phillies are the fifth most valuable team in baseball, and will only become more valuable as their TV deal expires, Forbes Magazine reports.
The Phillies are worth $893 million, the magazine says, good for fifth most valuable in Major League Baseball. The Yankees top the list at a value of $2.3 billion.
Values of MLB teams have skyrocketed because of the value of new television contracts. The Dodgers, Forbes’ second most valuable team at $1.6 billion, signed a TV deal worth upwards of $7 billion last year.
The Phillies are due for a new TV deal in 2015, which could take the value of the team over $1 billion. From Forbes:
The Phillies’ contract with CSN Philadelphia and PHL 17 paid the team $54 million combined in 2012. The deal with the RSN, which televises most of the games, expires in 2015. The Phillies and Comcast are already in the process of negotiating a new deal that may double the team’s rights fee.