September 6, 2013; San Francisco, CA, USA; San Francisco Giants starting pitcher Yusmeiro Petit (52) is shown on the video board being congratulated by teammates after a one-hit shutout against the Arizona Diamondbacks at AT&T Park. The Giants defeated the Diamondbacks 3-0. Mandatory Credit: Kyle Terada-USA TODAY Sports

Forbes: San Francisco Giants MLB’s 5th Most Valuable Franchise, Oakland Athletics 28th

Forbes released its annual list of Major League Baseball franchise valuations on Wednesday and for the first time, there are five teams with values of at least $1 billion—including the San Francisco Giants.

At the other end of the spectrum, the Oakland Athletics are the 28th-most valuable franchise in MLB.

The average team, according to the report, is worth $811 million, a 9 percent increase over 2013.

The Giants were the fifth of the $1 billion franchises, coming in at a valuation of exactly $1 billion. That trails only the Yankees ($2.5 billion), Dodgers ($2 billion), Red Sox ($1.5 billion) and Cubs ($1.2 billion).

The Giants had the third-highest attendance in baseball last season despite posting its worst record since 2008 at 76-86. San Francisco drew 3.36 million fans to AT&T Park in 2013.

The A’s, on the other hand, were assessed at $495 million. Shockingly, the Forbes report cited their stadium situation as the biggest hindrance to the team’s value. The only franchises below the A’s on the list are the Royals ($490 million) and the Rays ($485 million).

Part of the Giants value is their television deal with CSN Bay Area, which gives the team a cut of the network’s advertising revenue and a 30 percent share of the network itself. The team’s TV ratings were up last season coming off a World Series win and brought in $65 million in local television revenue.

MLB is in a strong position in 2014, as its new national cable television deals with TBS and ESPN begin this season at double the price of the last deals–$1.55 billion a year combined.

Tags: Oakland Athletics San Francisco Giants

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