Cubs ranked 4th-most-valuable franchise in MLB; White Sox come in at No. 14

NEW YORK — Forbes estimates the Cubs are Major League Baseball’s fourth most valuable franchise with a $3.2 billion valuation.

The New York Yankees are MLB’s most valuable franchise at $5 billion, up 9% over last year and 47% more than the No. 2 Los Angeles Dodgers at $3.4 billion.

The Yankees are second among all sports in Forbes’ evaluations to the Dallas Cowboys, listed at $5.5 billion in the last NFL ranking.

The Yankees’ YES Network broadcasts Forbes “SportsMoney” television show.

The Boston Red Sox are third at $3.3 billion, Forbes said Thursday, followed by the Cubs, San Francisco ($3.1 billion), the New York Mets ($2.4 billion), St. Louis ($2.2 billion) and Philadelphia ($2 billion).

The White Sox were in the middle of the pack at No. 14 with a $1.65 billion valuation.

Miami was last at $980 million, a drop of $20 million. Also near the bottom were Kansas City ($1.025 billion), Tampa Bay ($1.05 billion), Cincinnati ($1.075 billion) and Oakland ($1.1 billion).

Forbes estimates the MLB average team value rose 4% from last year to $1.85 billion, the smallest annual appreciation since a 2% rise in 2010.