April 10 (UPI) -- The New York Yankees topped Forbes' most-valuable MLB franchises list for the 22nd consecutive time, with a value of $4.6 billion.
The Miami Marlins are at the bottom of the 2019 list, with a value of $1 billion. The Tampa Bay Rays ($1.01B), Kansas City Royals ($1.025B), Cincinnati Reds ($1.05B) and Oakland Athletics ($1.1B) are among the bottom five MLB teams in terms of value.
Forbes evaluated the teams based on ballpark and media revenue divided by metro population, with population divided by two for markets with two teams.
The Yankees had a local revenue of $712 million in 2018, more than the bottom six teams in that category combined.
Miami brought in $72 million in 2018, before revenue sharing and ballpark debt payments. The Rays brought in $100 million, followed by the Athletics ($112M), Royals ($126M) and Reds ($137M).
The Yankees were valued at $4 billion last year and $3.7 billion in 2017.