Forbes.comhas released their annual list of Major League Baseball team valuations. The Rays are 28th on the list at $331 million, ahead of only the A’s ($307M) and Pirates ($304M).
The Yankees top the list at $1.7 billion, or more than five times the value of the Rays. The Mets fell to fifth on the list at $747 million.
While the Rays are still among the least valuable franchises, the team did show an increase in value of 4.7% over their 2010 valuation ($316M). The team is also up 88.1% since Stuart Sternberg took control of the team following the 2005 season. That year the team was valued at just $176 million.
Here is the year-by-year breakdown…