In 2010, Forbes reported on the Most Valuable Teams in Sports. Should they be sold, we’ve no doubt they would be some of the most expensive sports teams in the world. Will 2011 bring a change to this list? We’ll see.
The New York Yankees have a long and storied history as a team that produces legendary players. Forty-four Yankees have been inducted into the Baseball Hall of Fame, including such players as Lou Gehrig, Joe DiMaggio, Mickey Mantle and, of course, Babe Ruth.
According to the first Annual Review of Global Sports Salaries, written for sportsintelligence.com and covering the salaries of 211 teams in 2009, the average Yankees player makes just under $7 million annually, while their highest-paid player, Alex Rodriguez, makes over $30 million. The Yankees were paid so much, in fact, that they had to pay a $23 million luxury tax to the MLB.
New York Yankees – $1.5 billion