NEW YORK (AP) — Forbes estimates the New York Yankees are worth $3.4 billion, up 6 percent from last year and the highest evaluation for the 19th straight year.

In its annual rankings, released Wednesday, Forbes claims the average value of a Major League Baseball team increased 7 percent in the last year to $1.3 billion.

It projects the Los Angeles Dodgers as second at $2.5 billion, followed by Boston ($2.3 billion), San Francisco ($2.25 billion), the Chicago Cubs ($2.2 billion) and the New York Mets ($1.65 billion).

Miami is last at $675 million and Oakland 29th at $725 million. The estimate of Houston’s value increased 38 percent to $1.1 billion after a new broadcasting deal.

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Online:

http://www.forbes.com/mlb

1. New York Yankees – $3.4 billion
2. Lose Angeles Dodgers – $2.5 billion
3. Boston Red Sox – $2.3 billion
4. San Francisco Giants – $2.25 billion
5. Chicago Cubs – $2.2 billion
6. New York Mets – $1.65 billion
7. St. Louis Cardinals – $1.6 billion
8. Los Angeles Angels – $1.34 billion
9. Washington Nationals – $1.3 billion
10. Philadelphia Phillies – $1.24 billion
11. Texas Rangers – $1.23 billion
12. Seattle Mariners – $1.2 billion
13. Atlanta Braves – $1.18 billion
14. Detroit Tigers – $1.15 billion
15. Houston Astros – $1.1 billion
16. Chicago White Sox – $1.05 billion
17. Baltimore Orioles – $1 billion
18. Pittsburgh Pirates – $975 million
19. Arizona Diamondbacks – $925 million
20. Minnesota Twins – $910 million
21. Cincinnati Reds – $905 million
22. Toronto Blue Jays – $900 million
23. San Diego Padres – $890 million
24. Milwaukee Brewers – $875 million
25. Kansas City Royals – $965 million
26. Colorado Rockies – $860 million
27. Cleveland Indians – $800 million
28. Oakland Athletics – $725 million
29. Miami Marlins – $675 million
30. Tampa Bay Rays – $650 million

(Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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