Here’s how much every MLB team is worth

Major-league baseball teams are worth $1.2 billion on average, an increase of 48 percent from 2014, according to Forbes’ valuations released Wednesday.

The New York Yankees, long baseball’s most valuable franchise, are worth $3.2 billion. That matches the Dallas Cowboys for highest value among North American sports teams. Real Madrid, at $3.44 billion, is the only sports franchise worth more in the world.

Three other baseball teams are worth more than $2 billion: the Los Angeles Dodgers ($2.4 billion), Boston Red Sox ($2.1 billion) and World Series champion San Francisco Giants ($2 billion), who doubled their value over the past year. The Chicago Cubs are fifth at $1.8 billion.

The least valuable franchises are the Tampa Bay Rays ($625 million), Miami Marlins ($650 million) and defending AL champion Kansas City Royals ($700 million).

Here’s the full list:

New York Yankees — $3.2 billion

Los Angeles Dodgers — $2.4 billion

Boston Red Sox — $2.1 billion

San Francisco Giants — $2 billion

Chicago Cubs — $1.8 billion

St. Louis Cardinals — $1.4 billion

New York Mets — $1.4 billion

Los Angeles Angels — $1.3 billion

Washington Nationals — $1.3 billion

Philadelphia Phillies — $1.3 billion

Texas Rangers — $1.2 billion

Atlanta Braves — $1.2 billion

Detroit Tigers — $1.1 billion

Seattle Mariners — $1.1 billion

Baltimore Orioles — $1 billion

Chicago White Sox — $975 million

Pittsburgh Pirates — $900 million

Minnesota Twins — $895 million

San Diego Padres — $890 million

Cincinnati Reds — $ $885 million

Milwaukee Brewers — $875 million

Toronto Blue Jays — $870 million

Colorado Rockies — $855 million

Arizona Diamondbacks — $840 million

Cleveland Indians — $825 million

Houston Astros — $800 million

Oakland Athletics — $725 million

Kansas City Royals — $700 million

Miami Marlins —$650 million

Tampa Bay Rays — $625 million

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