clock menu more-arrow no yes

Filed under:

Astros jump up 11 spots in 2016 Forbes MLB team valuations

New, 4 comments

Finalizing a T.V. deal will always help a team's value.

Bob Levey/Getty Images

The Houston Astros have been rising in the ranks of numerous list after making the playoff for the first time in 2005. That includes a rising bottom line for the Astros. The Astros have moved up to No.15 in Forbes' 2016 MLB team value rankings, a jump of 11 spots following being ranked 28 in 2015.

The success of 2015 was also helped with the Astros finalizing the deal for move from Comcast to Root Sports. Before the deal was struck, the Astros were not being paid by Comcast for CSN Houston -- putting a major hamper on the Astros situation.

The Astros are currently valued at $1.1 billion. Astros owner Jim Crane led a group that bought the Astros in 2011 for $680 million -- at the time the price was second largest for a Major League Baseball team. At the moment, Crane is close to doubling his investment.

Forbes estimates the Astros 2015 revenue at $270 million and operating income at $67 million last season.

The top five teams included the New York Yankees ($3.4 billion), Los Angeles Dodgers ($2.5 billion), Boston Red Sox ($2.3 billion), San Francisco Giants ($2.25 billion), and the Chicago Cubs ($2.2 billion).