Forbes Asia — May 2017

MAY 2017 FORBES ASIA | 19

SOURCES: ASSOCIATED PRESS; BIZBALL LLC.

millions; the white one is the change from a year ago.

16

Rockies

$127.9

13%

17

Braves

$126.1

32.2%

18

Indians

$125.8

44.3%

19

Astros

$122.4

30.1%

20

Marlins

$120.2

60.6%

21

Phillies

$111.9

21.8%

22

Twins

$104.8

0.7%

23

White Sox

$100.1

–13.2%

24

D-Backs

$93.2

–4.2%

25

Reds

$93.0

0.3%

26

Pirates

$91.5

–7.4%

27

Athletics

$81.7

–6.4%

28

Rays

$71.4

6%

29

Padres

$61.4

–40%

30

Brewers

$60.8

1.6%

TAMPA BAY RAYS

EVAN LONGORIA

$13 MILLION

MILWAUKEE BREWERS

RYAN BRAUN

$19 MILLION

CLEVELAND INDIANS

EDWIN ENCARNACION

$18 MILLION

CINCINNATI REDS

JOEY VOTTO

$22 MILLION

OAKLAND ATHLETICS

RYAN MADSON

$7.5 MILLION

REELING IN THE MARLINS

How much will the Miami Marlins sell for? A handshake deal

between Jeffrey Loria, who owns the team, and the Kushner

family fell through earlier this year. That would’ve put a

$1.6 billion price tag on the franchise, which seems to us like

too much for an unprofitable team with poor attendance.

THE LEAST VALUABLE TEAMS’

HIGHEST-PAID PLAYERS

VALUE OPERATING

CURRENT^1 1-YEAR REVENUES INCOME^2

RANK TEAM ($MIL) % CHANGE ($MIL) ($MIL)

17 PITTSBURGH PIRATES $1,250 28% $265 $51.0

18 DETROIT TIGERS 1,200 4 275 –36.4

19 BALTIMORE ORIOLES 1,175 18 253 –2.1

20 ARIZONA DIAMONDBACKS 1,150 24 253 47.2

21 SAN DIEGO PADRES 1,125 26 259 22.8

22 MINNESOTA TWINS 1,025 13 249 29.9

23 COLORADO ROCKIES 1,000 16 248 26.6

24 KANSAS CITY ROYALS 950 10 246 –0.9

25 MIAMI MARLINS 940 39 206 –2.2

26 MILWAUKEE BREWERS 925 6 239 58.2

27 CLEVELAND INDIANS 920 15 271 46.9

28 CINCINNATI REDS 915 1 229 15.9

29 OAKLAND ATHLETICS 880 21 216 25.5

30 TAMPA BAY RAYS 825 27 205 32.1

LEAGUE AVERAGE 1,537 19 301 34.2

REVENUE AND OPERATING INCOME ARE FOR 2016 SEASON AND ARE NET OF REVENUE SHARING AND MLB LUXURY

PAYROLL TAX.^1 ENTERPRISE VALUE (EQUITY PLUS NET DEBT).^2 EARNINGS BEFORE INTEREST, TAXES,

DEPRECIATION AND AMORTIZATION.