Forbes: Mets Franchise Value Continues To Decline

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Forbes has released their list of franchise values of each Major League Baseball team.

The Mets ranked ninth with a value of $800 million, just behind the St. Louis Cardinals ($820 million).

The Yankees top the chart, coming in at $2.5 billion. This is the 17th year that Forbes has released this list, and the Yankees have risen in value and topped this list each time.

The outlook for the Mets according to Forbes, is not quite as good.

Only three teams fell in value over the past year: the New York Mets, Houston Astros and Miami Marlins. The Mets, down 1% to $800 million, are still going through a period of austerity with an $85 million payroll after the Bernie Madoff debacle. Attendance at Citi Field has fallen for five consecutive years. The team refinanced $250 million of debt and is no longer taking on water under the leadership of GM Sandy Alderson.

Coming in second, with a value of $2 billion dollars, is the Los Angeles Dodgers. Other billion dollar franchises include the Boston Red Sox, Chicago Cubs and San Francisco Giants.

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