The valuation of the Phillies franchise is up to $2 billion, according to Forbes. It's an 8 percent increase from last year.
The only teams in the majors to experience a higher percentage year-over-year increase than the Phillies are the Yankees, the World Champion Nationals and the Orioles. Seven teams saw no gain or lost value: the Marlins, Pirates, Royals, Athletics, Indians, Tigers and Diamondbacks.
The Yankees are valued at $5 billion, leading the league for the 22nd straight year.
The only team with a current valuation below $1 billion is the Marlins at $980 million. Miami was the only team to lose money in 2019, according to Forbes.
MLB's total revenue in 2019 was $10.5 billion. More than 30 percent of that was from gate receipts, which baseball would not have in 2020 if games are played in empty stadiums. That was the largest chunk, followed by national TV deals, local TV deals and sponsorships.
The Phillies' 13-year investment in Bryce Harper and the resulting increase in attendance and merchandise sales played an obvious role in the increase but the terms of rights deals are one of the biggest drivers of organizational values.
League-wide, profits have never been higher, which puts MLB in a position to at least withstand the pain of a shortened 2020 season. Forbes estimates that coronavirus concerns will cost U.S. pro sports leagues $5 billion.
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