When it comes to the value of Major League Baseball teams, there are the New York Yankees, the Los Angeles Dodgers and everyone else.

Sportico, in its 2025 valuation of MLB franchises released Tuesday (March 25), estimated the two franchises are worth a combined total of more than US$16 billion—the Yankees at US$8.39 billion and the Dodgers at US$7.73 billion, including their real estate holdings and other businesses.

That’s quite a return on investment for ownership.

George Steinbrenner bought the Yankees in 1973 for US$8.8 million, about US$66 million in today’s dollars. The Dodgers’ ownership group paid US$2.15 billion in 2012, then a record for a North American team sports franchise.

According to Sportico, among North American franchises, only the Dallas Cowboys (US$10.32 billion) and Golden State Warriors (US$9.14 billion) are worth more.

Following the Dodgers and Yankees on the list were the Boston Red Sox (US$6.03 billion), Chicago Cubs (US$5.69 billion) and San Francisco Giants (US$4.2 billion).

Last in the rankings were the Miami Marlins, valued at US$1.3 billion.

Per Sportico, the average MLB team is worth US$2.82 billion.

The Yankees and Dodgers met in the 2024 World Series, with Los Angeles winning in five games.