mlb teams ranked by market size

I will submit, however, that if there is an owner out there proclaiming that his/her group can't afford to keep up with the salaries in Major League Baseball, there's a very simple answer: Put the team up for sale. (Omar Rawlings/Getty Images), #30 Miami Marlins | Team value: $1.03 billion. #27 Pittsburgh Pirates | Team value: $1.26 billion. Fun fact: Great American Insurance Company bought the naming rights of the Cincinnati Reds ballpark when it opened in 2003 for $75 million over 30 years. Thats good news for a sport where sponsorship revenue (from team, stadium and league-wide agreements) has increased a modest 6% annually since 2017, according to IEG estimates. Another change in the new CBA that should help team values is the expansion of the playoffs to 12 teams, from 10, with the wild-card round expanded from one game to a best-of-three series. "I'm not responsible for how other teams run their clubs.". Theres a lot to like about the Brew Crew this year starting with the 1-2 punch of Corbin Burnes and Brandon Woodruff on the mound. There are plenty of expenses and headaches that come with owning a Major League Baseball team. If so, who? In the early part of the 21st century, Major League Baseball finds itself the professional sport confined almost entirely to the largest consolidated statistical metropolitan areas (CSMAs) in the United States and Canada. - Houston Astros General Manager Jerry Hunsicker, "It (the payroll problem) hasn't changed. Today's deals: Rare Amazon Smart Plug sale, SSD & microSD deals, $799 M1 MacBook Air, more. For franchises that dont own their venue, the value of the teams lease agreement is included into the team value. The following is a list of Major League Baseball teams by population. Ranking MLB Teams With Highest Revenue Generated. Salt Lake City already supports a Triple-A baseball team (the Salt Lake Bees), so making the jump to an MLB franchise is something that is very much a possibility for this market. Established in 1901, but based in Minneapolis in 1961, the team has fielded 19 American League batting champions. Here we see a very strong correlation between general market size and overall baseball revenue the market can sustain, with a few outliers, specifically the Bay area, which outperforms its population by a very significant margin (mostly thanks to the Giants). It's total nonsense. This is a BETA experience. Speaking of weirdly constructed rosters, San Francisco is trying its best not to venture into full rebuild territory by relying on Sean Manaea, Mitch Haniger and Michael Conforto alongside regulars Logan Webb, Joey Bart, Mike Yastrzemski and Brandon Crawford. Team-related businesses and real estate: $60 million. It's hard to know exactly where to slot them but it isn't small. They aren't required to do so, of course, but if I were a fan of a small-market team, I sure wouldn't be giving them the benefit of the doubt instead of asking them to give us a real reason to trust them (Orioles CEO John Angelos' promise to "show you the financials" a week after his Martin Luther King Jr. Day meltdown never came to fruition). : https://t.co/5rOTQv6054 pic.twitter.com/wtElxbA7eT, Miami Marlins (@Marlins) March 24, 2023. Ratings are down 12 percent because of a political statement made by a backup quartermback?) Does this team have enough arms to last a full year? Team-related businesses and real estate: $150 million. Thats how badly chairman Steve Cohen wants to bring a World Series title back to Queens. I digress; however, it is interesting to note that this does speak a little to cross-league competition. Will definitely revisit this again and include Combined Statistical Areas, as well as ratings and income demographics, potentially with minor league data as well. The average NFL market is about 23% smaller than the average MLB market. The Padres, for better or worse, are no exception. Were you entertained by J.T. Chase Bank assumed Bank Ones 30-year, $100 million commitment, which was signed in 1998 when the ballpark opened its doors. Fun fact: The Rays are valued higher than the NHL Stanley Cup champions, the Tampa Bay Lightning ($470 million), according to Forbes. Still, in this measure, only three teams are in smaller markets than the Padres. The Blue Jays are also currently the only non-American . Its no surprise California is the state with the highest revenue in baseball. Whats more important, metro area population or state population? [3] The fastest growing MLB franchise is the New York Yankees as well, with a 50% increase in valuation since the 2017 MLB season ($4 to $6 billion). section: | slug: why-mlb-market-size-isnt-an-excuse-for-cheap-teams-just-look-at-the-small-market-padres-and-manny-machado | sport: baseball | route: article_single.us | Thats thanks to Gunnar Hendersons arrival, Adley Rutschmans continued improvement behind the plate and Cedric Mullins general awesomeness. (Ronald Martinez/Getty Images), #12 Washington Nationals | Team value: $2 billion. (Steph Chambers/Getty Images), #13 Texas Rangers | Team value: $1.84 billion. Very interesting, especially that chart showing Twitter and Facebook correlation and the independent revenue graphs that follow. 53 of the Texas Rangers, bats in the ninth inning against the Cleveland Indians at Globe Life Field on October 3, 2021, in Arlington, Texas. Follow him on Twitter. Team-related businesses and real estate: $0 (Team does not own its venue). Team-related businesses and real estate: $11 million. What a bizarre offseason for the D-Backs. For franchises that dont own their venue, the value of the teams lease agreement is included into the team value. 2004-2023 CBS Interactive. They have no debt on the books and had an operating income estimated at $96 million, tied with the Dodgers as second most in baseball, trailing only Houston's $99 million. by Retrosheet. Some of the helmet money will be used to fund the CBAs new $50 million-a-year bonus pool that was established for players not yet eligible for salary arbitration. Do I even need to name any players for you to know this club is just going to scrap its way to 90+ wins? The money from Apple, Peacock and ESPN will push baseballs annual media rights past $2 billion, or at least 30% more than the previous round of media deals. They wont win a ton of games in a stacked NL East, but they will absolutely be fun to watch especially when Sandy Alcantara is on the mound. That's all on top of local deals. The brewing company signed a 20-year naming rights agreement with the Cardinals when the team opened its newest stadium in 2006. Fun fact: Target Corp. and the Minnesota Twins agreed to an exclusive 25-year partnership that included naming rights to the Twins ballpark, which opened in 2010. Before we test the relationship to revenue, lets take a look at the link between Facebook and Twitter: Unsurprisingly, we see a very strong linkage between the two metrics, with the Phillies exhibiting a much stronger Twitter following than Facebook. How do you feel about the entire small market debate? Twenty nine of those franchisees are located in the United States, while the remaining franchise is located in Toronto, Ontario, Canada. Finally, I think there is something to be said for the time in which a franchise has been in a particular market. All Rights Reserved. While the other three major professional team sports in North America have numerous franchises in metropolitan areas with fewer than two million people, only three major league baseball teams are situated in such locales: the Cincinnati Reds, Kansas City Royals and Milwaukee Brewers. (Justin K. Aller/Getty Images), #26 Arizona Diamondbacks | Team value: $1.28 billion. Fun fact: The Montreal Expos moved to Washington, D.C., and were renamed the Nationals in 2005. Spring training is winding down, final roster cuts are being made and Opening Day is practically here for the 2023 Major League Baseball season. A quick google search was not helpful. Maybe they need to look more at themselves. Source for 2001 population of Canadian metropolitan areas: The Kansas City Royals and. The reality is outside of some rather poor starting pitching this team has notable talent ready to break through. All teams are regional and generate fans outside of their CSAs. [4] The average market size of the entire MLB is 5,293,083, larger that the average of the National Basketball Association, the National Hockey League and the National Football League. The Tigers are an interesting one for me, since their FB and Twitter followings would suggest a rabid fan base, held back only by a city that has had financial turmoil. Share your thoughts, opinions and solutions to the baseball market analysis on Baseball Fever. [4] Those metro areas are Greater Montreal, the Portland metropolitan area, Metro Vancouver and the Sacramento metropolitan area. Fun Fact: Jerry Reinsdorf, who also owns the Chicago Bulls, bought the Chicago White Sox in 1981 for $19 million. Despite a somewhat uncertain landscape, that number has risen to $2.1 billion, an increase of around one-third and 8% annually. It wont all be gravy, though. Team-related businesses and real estate: $213 million. Fun fact: Anheuser-Busch has owned the naming rights of the St. Louis Cardinals stadium since 1953. Team-related businesses and real estate: $0 (Team does not own its venue). #28 Kansas City Royals | Team value: $1.1 billion. Due to the coronavirus pandemic interrupting the 2020 season, current revenue estimates are based on the 2019 season revenue and have been adjusted based on historical sales, strength of brand, debt burden and other factors. In our case, our payroll is about $20 million. #12 Washington Nationals | Team value: $2 billion. Four years ago, I estimated local television revenues of roughly $1.5 billion. CSAs are more inclusive than Metro areas. You can view the full list of valuations and financials here. Cellphones light up the seats in the background as Seattle Mariners relief pitcher Anthony Misiewicz throws against the Los Angeles Angels in the seventh inning of a game on Saturday, October 2, 2021, in Seattle. New ballparks tend to get top-shelf prices, and the Rangers are tied with the San Francisco Giants with the eighth-highest average general ticket price ($39) and have the fifth-highest premium seat price ($198) in baseball. Another forty to fifty percent (40-50%) of local revenues after ball park expenses and broadcasting / licensing revenues were to be distributed unequally in an effort to assist those team. Those weren't cherry-picked examples. The Rangers had the misfortune of opening their new ballpark, Globe Life Field, in 2020, when the pandemic prevented fans from attending. The following four pictures shown, in sequential order, the growing relative importance of recent wins to franchise revenue, providing evidence that wins provide a short-term boost in revenue but not necessarily a long-term one. Comerica Bank has extended its naming rights agreement through 2034. Keep an eye on Spencer Strider to take the next step. Theyll play an aggravating brand of baseball, win 85~ games and stay in the playoff hunt until at least late July. They traded for Christian Yelich and then extended him to the tune of nine years and $215 million. A panel urged the owners to impose a fifty percent (50%) luxury tax on payrolls above eight-four (84) million. Team. In the Year 2023!? If market size is the driving factor in baseball economics, what is going on here? MLB Baseball on TeamRankings.com MLB Baseball Rankings & Projections Summary Highlights from our predictive power ratings and simulations of currently scheduled games. This team is going to win 50 games and each one of those will be shocking. Statistical data provided by Gracenote. Team-related businesses and real estate: $90 million. Joe Sheehan in his newsletter back in late January went through a large number of players who stayed in town. However, the teams and managements have performed exceptionally well to lift the game . This club may have some weaknesses exposed, but its hard to see Houston doing anything except running away with the AL West yet again. (Julio Aguilar/Getty Images), #14 Seattle Mariners | Team value: $1.62 billion. Fun fact: When the San Diego Padres opened their ballpark in 2004, pet supply retailer Petco agreed to a 22-year, $60 million deal for the naming rights. Players. 30Washington Nationals. What happens when teams share a market? But so can everyone else. They also signed superstar shortstop Carlos Correa (twice) after he was drafted and developed by a large-market team. Forbes team values are enterprise values (equity plus net debt) calculated using a multiple of revenue. #21 Cleveland Indians | Team value: $1.375 billion. The. (Getty Daniel Shirey/Getty Images), #24 Detroit Tigers | Team value: $1.33 billion. At the moment, Joe Mauer was the last to get it in 2009. Fun fact: The Rangers new stadium, Globe Life Field, opened May of 2020 and cost $1.2 billion to build. However, it feels like every time there is a scoring play, it is followed by a five-minute commercial break, then a kick-off (usually just kicked out of bounds), followed by another five minutes of commercial advertisements. Mike Petriello. Thus, the average baseball market is larger than the average market for teams in any other sport, be it basketball (4.74 million), hockey (4.68 million), or football (4.07 million). If we're running with the narrative that small-market teams (like those poor Orioles) can't keep their players, how does Machado end up with a "smaller" market team? And fans move outside their CSAs and remain fans of teams. Remember the Padres, who signed Manny Machado to a 10-year, $300 million contract? Either New York reaches ridiculous heights this year or they crash and burn along the way. David Glass bought the team for $96 million in 2000 and sold it for $1 billion in 2019. #30 Miami Marlins | Team value: $1.03 billion. I used to watch more NFL football. Because if so, were going to have to move the Yankees up quite a bit. and play-by-play data provided by Sports Info Solutions. Nashville, Tennessee. Fun fact: In comparison, the Marlins neighboring NBA team, the Miami Heat, is valued at $2 billion. Reprints. 2 - New York Yankees. It would appear that just based on empty spots on the map, Portland and Las Vegas would be good potential landing spots for MLB expansion, when and if that ever happens. But do we have a way to quantify this, other than looking at revenue? The American League Central is there for the taking if the South Siders can figure it out. Ownership stakes in regional sports networks, as well as related profits or losses, are excluded from our valuations and operating results, as are investments in real estate and other businesses. Fun fact: The Atlanta Braves six subsidiaries own all or a portion of 31 parcels of land adjacent to the teams ballpark. No, no I do not. Fun fact: The Montreal Expos moved to Washington, D.C., and were renamed the Nationals in 2005. State boundaries and even metro area wont reflect the population fanbase as well as the CSA will. Highlights from our predictive power ratings and simulations of currently scheduled games. Pencil Los Angeles in for another 100-win season. The views and opinions expressed herein are his own. #14 Seattle Mariners | Team value: $1.62 billion. A team with a relatively small market can generate a disproportionate amount of revenue simply by cultivating a strong, deep fan base. Fun fact: The Colorado Rockies ballpark has been named Coors Field since it opened in 1995. American League teams are shown in red and National League teams in blue. (Mike Ehrmann/Getty Images), #29 Tampa Bay Rays | Team value: $1.14 billion. Team-related businesses and real estate: $0 (Team does not own its venue). All Rights Reserved. Fun fact: Chase Bank bought out Bank One for naming rights of the Arizona Diamondbacks ballpark in 2011. The ability to a team, like the Red Sox or Cardinals to generate revenue outside of the immediate area is testiment to their marketing and should be viewed on par with teams ability to identify talent cheaply. Wendell Cruz-USA TODAY Sports. Television market size: 1.09 million . But the Red Sox are a clear No. Get better at player development and we can stop worrying about fictional problems such like a lack of "parity" and how supposedly small-market teams are simply feeders for the Yankees and Dodgers. Team-related businesses and real estate: $0 (Team does not own its venue). And you can find the 2021 list here. KeBryan Hayes should take the next step and Bryan Reynolds could make a real star turn. In all, MLB teams are receiving an estimated $1.5 billion on their local cable deals without considering ownership interests. Methodology | Sportico calculated each MLB teams 2021 value based on publicly available information, financial records and interviews with team insiders. Its a three-year deal worth $1.1 million annually. - Tim Sullivan in Small Market Spells Salvation For Postseason (October 6, 2000). Established in 1903, the MLB is the oldest major professional sports league in the US and Canada. And look, there's overhead. But its CSA is the 6th largest in the country, exceeded only by New York, Los Angeles, Chicago, and the combined Bay Area and Washington-Baltimore CSAs. #11 Houston Astros | Team value: $2.19 billion. Team-related businesses and real estate: $0 (Team does not own its venue). (Beer-can incident aside, the harshest attack ad in our most recent election read Justin, Hes Just not Ready.), (Note: You can see a larger version of all of these images if you open them in a new tab.). Team-related businesses and real estate: $0 (Team does not own its venue). To help keep their balance sheets afloat, owners over the past two years have added more than $2 billion of debt (excluding holding company borrowings) and injected about $1.5 billion of equity, according to sports bankers. Combined Statistical Area. 4 - Atlanta Braves. * Imminent Big Leaguers article. Team-related businesses and real estate: $0 (Team does not own its venue). (Dilip Vishwanat/Getty Images), #8 Atlanta Braves | Team value: $2.165 billion. A matchup nightmare in the American League with a deep rotation and even deeper lineup. Each MLB teams total value includes the value of the team as well as team-related businesses and real estate holdings. Baltimore has the No. Team-related businesses and real estate: $240 million. The Brewers, playing in the smallest market in baseball, kept Ryan Braun throughout his career. Aaron Judge cant hit 60 home runs again, right? Even the latter can be misused as it might or might not include adjacent cities. In fact, what the simple data in this article show are that market size is really only predictive for the large metros, whereas fan intensity (at least as measured by Twitter followers and Facebook likes) is far more important to generating revenue. Due to the coronavirus pandemic interrupting the 2020 season, current revenue estimates are based on the 2019 season revenue and have been adjusted based on historical sales, strength of brand, debt burden and other factors. The cool thing to do was to talk about how easily you could construct a team under a low payroll. New York Yankees pitcher Lucas Luetge pitches during the fourth inning of a baseball game against the Tampa Bay Rays on Saturday, October 2, 2021, in New York. He also went through a list of the top 33 by players this century and showed the journey of each through the league. Team-related businesses and real estate: $50 million. Yes, there's been a sea change in recent years and hopefully it continues. Watch because the raw talent is hard to look away from. I cant underscore how annoying and atmosphere killing it is. Come to think of it, why havent the Mets traded for Bautista yet? Cities shown in black italics represent metropolitan areas without major league baseball, but home to NBA basketball, NFL football, and/or NHL hockey teams. Heres the cross-chart: Notice how the Red Sox, Giants and Yankees are very far above the trend line, whereas the Miami Marlins are far below the trend line. [1][2] According to the 2000 United States Census, the American League's total market size is 6,871,440 while the National League's is 6,094,087. Teams and leagues have far more to gain by ensuring fans enjoy the product than they do by short-term cash grabs via jammed-in advertising. I jumped Boston up because, if anything, the Red Sox are more megamarket than middle. Meanwhile, the Marlins are struggling in a market that ranks next-to-last in household income. Im a little late, but as youve mentioned, regional wealth is a driver. Thats fine as long as Jack Flaherty is healthy. Sign up for the For The Win newsletter to get our top stories in your inbox every morning. The Boston CSA includes places like Providence RI, Worcester MA, Manchester NH, and Cape Cod, each of which has their own MSA separate from Bostons. The numbers are as follows: 5,293,083 Major League Baseball average market size 6,871,440 American League average market size 6,094,087 National League average market size 4,736,169 National Basketball Association average market size There are the national TV deals, which, according to Forbes, are worth $1.76 billion to the league annually while the streaming deals (Apple+ and Peacock) are worth an additional $115 million a year. There are currently 30 Major League Baseball (MLB) franchises. [1] Statistics used in the table are from the United States Census Bureau's 2009 Metropolitan Statistical Area estimates and the Canada 2006 Census' 2009 projection. While teams in the bottom third of Forbes' ranking are lucky to get $60 million a year in local cable television rights fees, the Yankees raked in $135 million in cable money last season. www.canadainfolink.ca/cities.htm. How does a team with Jacob deGrom, Corey Seager and Marcus Semien rank this low? The Twins have had their fair share of struggles, especially over the past decade. Ive excluded my hometown Toronto Blue Jays due to differences in culture and currency. St. Louis may be comparable in size to the Tampa-St. Pete-Clearwater area, but median income there is a good 15% higher. Steve Cohen wants to take care of his fan base and some other owners are angry it makes them look bad. "I've heard what everyone else has heard: that they're not happy with me. Do they split the potential, or does the pie become larger? Theres not too much else to be excited about, however. My guess would be most of the fanbase lives in the CSA. Team-related businesses and real estate: $0 (Team does not own its venue). Methodology | Sportico calculated each MLB teams 2021 value based on publicly available information, financial records and interviews with team insiders. Baseball markets are often described as small, medium, large and any of another dozen similar words. large-revenue teams are finding ways to better leverage their resources and produce more wins. No seriously, were asking. However, if we look at the picture and ignore the Phillies as a clear exception, the teams are much more tightly clustered around the trend line. The model spits out the following formula: $78.6M + $3.15/Capita + $57/Twitter + $20/Facebook + $1.3M/2015Win. The model spits out the following formula: $78.6M + $3.15/Capita + $57/Twitter + $20/Facebook + $1.3M/2015Win. Fun fact: The Colorado Rockies ballpark has been named Coors Field since it opened in 1995. Fun fact: Since the Houston Astros dont own Minute Maid Park, the team leases the ballpark for $8.1 million per year from Harris County. This ranking does not mean the Padres are going to finish ahead of the Dodgers, it just means theyre more fascinating than their rivals to the north. (Christian Petersen/Getty Images), #22 Colorado Rockies | Team value: $1.36 billion. For years, small market owners like Commissioner Bud Selig have bellyached that their teams simply cannot compete under baseball's current economic structure." Comments heard at the meetings included: "The bottom line is, in baseball today, if you want to have a legitimate chance to be competitive year-in, year-out, for most teams you have to be able to lose significant dollars to do it." Houston Astros Houston is a larger market than people realize and the Astros consistently payroll $100 million plus. Due in large part to the fact that Major League Baseball doesn't have a salary cap while the NFL, NBA and NHL do -- even if they aren't hard caps -- there's a sentiment baseball has been unable to shake for decades: market size is everything. Good. Admire Adam Wainwright while you can, cause it doesnt seem like he has much left in the tank. All major league baseball data including pitch type, velocity, batted ball location, Team-related businesses and real estate: $105 million. The Washington-Baltimore thing aside, I agree with mustbunique that it would be better to use CSAs for this type of exercise than MSA.