Jump to content

MLB Expansion Fees Could Be Around $2.2B for New Franchises


rmc523
 Share

Recommended Posts

Some of it's more of the same news, as Manfred says they won't consider expansion until the Oakland and Tampa stadium situations are resolved, but figured the ~$2.2B figure was worth noting.

 

https://www.espn.com/mlb/story/_/id/31346969/expansion-fees-major-league-baseball-teams-rise-22-billion-range

 

NEW YORK -- Major League Baseball would consider expansion fees in the range of $2.2 billion for new franchises, though there are no current plans to add teams.

Commissioner Rob Manfred spoke Tuesday during SporticoLive's online discussion of its estimates to baseball franchise valuations. The company estimated the average MLB franchise value is $2.2 billion, led the New York Yankees at $6.75 billion.

Colorado and Miami paid $95 million each to join in 1993, and Arizona and Tampa Bay paid $130 million to join in 1998.

Manfred has said repeatedly that MLB will not consider expansion until the Oakland Athletics and Tampa Bay Rays get new ballparks. The Athletics have proposed a stadium in the Howard Terminal area of downtown Oakland, and the Rays have said they will pursue splitting seasons between the Tampa Bay area and Montreal starting in 2028, after the expiration of their lease at Tropicana Field in St. Petersburg, Florida.

No plans for those cities have been finalized.

Manfred has mentioned as possible expansion candidates: Charlotte, North Carolina; Las Vegas; Montreal; Nashville, Tennessee; Portland, Oregon; and Vancouver, British Columbia.

....

 

More at link.

Link to comment
Share on other sites


Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share



×
×
  • Create New...