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The New York Yankees are the first team in the MLB to hit a valuation of $6 billion

The New York Yankees are the first team in baseball to be worth $6bn according to Forbes, and trail only the Dallas Cowboys ($6.5bn) amongst the world's most valuable sports franchises.

Overall, Forbes’s 2022 valuations for MLB teams were up 8.9% on the 2021 listings. The coming season sees the start of new broadcasting deals with Turner, ESPN and Fox which will collectively bring in 18.9% higher revenues than the previous arrangements.

In the 2023 season, jersey patches and helmet decals will become available for sponsorship, adding new sponsorship revenues to teams.