It’s not exactly Earth shattering news to write that the New York Yankees are baseball’s richest team for the fourteenth season in a row. However, when Forbes announced the team-by-team breakdowns yesterday, the results were a bit shocking. Not only did the Bronx Bombers pull in $1.7 billion last season (6% increase from 2009), but they are 86% more valuable than the #2 Boston Red Sox ($912 million). Forbes had this to add about the Yankee brand:

Yankee Global Enterprises is a three-engine money-making machine. The baseball team generated $325 million in revenue from regular-season tickets and luxury suites in 2010. Sponsorship revenue at the stadium is $85 million annually thanks to deals with PepsiCoBank of AmericaMasterCardDelta Air Lines and others.

The YES Network, the team’s 34%-owned regional sports channel, is the most profitable RSN in the country and had over $400 million in revenue last year. The Yankees own a stake in Legends Hospitality Management, which manages stadiums, and generates $25 million in operating income. The enterprise value for the Yankees, YES and Legends is $5.1 billion.

While the Yankees are doing extremely well, the Mets were one of three teams that saw their revenue numbers decline in 2010 (San Diego and Cleveland were the other two). The Mets overall revenue fell by 13% last season thanks to a 25% drop in gate revenue. Met revenue is expected to fall even lower in 2011.

Other interesting facts:

  • Of the $400 million in revenue sharing dollars from large market teams, the Pittsburgh Pirates assumed $25 million.
  • MLB Revenues increased by 0.4% in 2010 to $6.1 billion
  • After opening their new stadium last season, the Twins increased their franchise value by 21% to $490 million.
  • The average MLB team brings in $523 million per season. Clearly this figure is skewed by the Yankees massive revenue.