Cubs 5th most valuable MLB club, Sox 16th: Forbes

NEW YORK (AP) -- Forbes estimates the New York Yankees are worth $3.4 billion, up 6 percent from last year and the highest evaluation for the 19th straight year.

In its annual rankings, released Wednesday, Forbes claims the average value of a Major League Baseball team increased 7 percent in the last year to $1.3 billion.

It projects the Los Angeles Dodgers as second at $2.5 billion, followed by Boston ($2.3 billion), San Francisco ($2.25 billion), the Chicago Cubs ($2.2 billion) and the New York Mets ($1.65 billion).

LIST: Baseball's Most Valuable Teams 2016

The Chicago White Sox came in at 16th with a value of $1.05 billion.

Miami is last at $675 million and Oakland 29th at $725 million. The estimate of Houston's value increased 38 percent to $1.1 billion after a new broadcasting deal.

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