LAKELAND, Fla. -- Forbes Magazine released its annual team valuations list for 2013 Wednesday and the Phillies came in at fifth behind the New York Yankees and three other teams.
The Phillies, according to the magazine, are valued at $893 million, up 24 percent from last season. The average value of Major League Baseball franchise's is $744 million.
The Yankees, for the 16th straight season, are the most valuable franchise in baseball at $2.3 billion. The other teams ahead of the Phillies are the Los Angeles Dodgers ($1.615 billion), Boston Red Sox ($1.312 billion) and the Chicago Cubs ($1 billion).