And I doubt those market numbers mentioned above are very accurate these days.
The main market value of a MLB team is now the local TV revenues. Plus the luxury boxes.
The Dodgers, for example, are on the market for around $1.3billion? Most of that is the value of their local TV contract. That's what caused Cuban to withdraw. He saw most of the appreciation was built into the asking price. The same is true for the Angels, who just signed a huge TV contract with Fox, netting them an extra $100 mil per year. The growth of team TV revenues (both network and local) has been enormous the last 10 years, and tracks the increase in players' salaries. And it will probably keep growing.
So the Dodgers still look like a good investment to me--as long as fans can pay their cable bills. And Arte Moreno's Angels are right there with the Dodgers now with their cable package.
If you factor in local TV revenues plus luxury boxes, you can get the real value of these teams. And the ones that are on top are from NY, LA and maybe Chicago 3rd. Philly and Boston are up there, too, but not as high.
Keep in mind the base value of all the teams is pretty much the same, give or take for the size of the stadium and the luxury box receipts. And they share in network TV revenue. The big difference is the added value due to the local cable TV revenue.