Forbes estimates the New York Yankees are baseball's most valuable franchise at $4.6 billion, up 15 percent from its figure last year.
The Los Angeles Dodgers are second at $3.3 billion, followed by the World Series champion Boston Red Sox at $3.2 billion, the Chicago Cubs ($3.1 billion), San Francisco Giants ($3 billion) and the New York Mets ($2.3 billion).
The Yankees' YES Network broadcasts Forbes "SportsMoney" television show.
Forbes' franchise values list released Wednesday estimates Miami is the least valuable team at $1 billion, just behind Tampa Bay ($1.01 billion).
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