Nats among top half of MLB in franchise value

Nats among top half of MLB in franchise value
March 27, 2013, 7:00 pm
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As the Nationals continue their rise as a Major League Baseball franchise, their financial value has followed in step. Forbes magazine released their team valuations for 2013 and the Nats come in at 14th in the league, up two spots from 2012.

The Nationals' total value sits at $631 million which is a substantial amount more than the $480 million they were worth just a year ago. That is an increase of $151 million, or 31 percent. Despite growing by almost a third, the Nats moved up just two ranks amongst their peers which shows how much the league is growing. The Nats' worth of $631M this season would have slotted tenth in 2012.

The Nats place third within the N.L. East division in terms of total worth as the Phillies and Mets continue to be among the league's most valuable entities. Philadelphia comes in at number five with a $893 million valuation and the Mets are right behind them in sixth at $811M. The Atlanta Braves are one spot after Washington at 15th ($629M) and the Marlins lag far behind at 26th ($520M)

To give some context of the Nationals' overall worth, they are still miles away from the league's most valuable brands. The New York Yankees are first with a stunning $2.3 billion value, almost four times that of the Nationals. Annually one of the most valuable sports franchises in the world, the Yankees grew by 24 percent this past year. They are among four teams - including the Dodgers, Red Sox, and Cubs - worth over a billion dollars.

In Washington, D.C., the Nationals rank second among the city's professional sports teams behind the Redskins. The Redskins are worth $1.6 billion (3rd in NFL) as ranked by Forbes in September, and consistently join the Yankees among the most valuable in the world. Behind the Nats and Redskins are the Wizards at $397 million (23rd in NBA) and the Capitals at $250 million (11th in NHL). You could combine the dollar values of the Nats, Wizards, and Capitals and it would still be $322 million less than the Redskins. 

After growing by almost a third from a year ago, the Nationals could see even more improvement this season. Attendance improved as last season went on and Washington is a popular World Series pick in 2013. If they can continue their ascension on the field, they could become a billion-dollar team in the near future.