JANUARY 25,1945 | NEW YORK, NEW YORK • The New York Yankees were sold today in baseball history for $2.5 million to Larry MacPhail, Dan Topping and Del Webb.
Compare that sale price to the value of MLB teams today. The increases are almost incomprehensible. Even comparing for inflation, they’re way beyond the hikes in costs of every thing else.
The increase in team values over just the last 9 years is staggering, as this list from Forbes Magazine comparing 2007 to 2016 (teams are ranked by their value in 2016):
2007 2016 1. Yankees $1.2B $3.4B 2. Dodgers $632M $2.5B 3. Red Sox $724M $2.3B 4. Giants $459M $2.25B 5. Cubs $592M $2.2B 6. Braves $458M $1.75B 7. Mets $736M $1.65B 8. Cardinals $460M $1.6B 9. Angels $431M $1.34B 10. Nationals $447M $1.3B 11. Phillies $457M $1.24B 12. Rangers $365M $1.23B 13. Mariners $436M $1.2B 14. Tigers $357M $1.15B 15. Astros $442M $1.1B 16. White Sox $381M $1.05B 17. Orioles $395M $1B 18. Pirates $274M $975M 19. Diamondbacks $339M $925M 20. Twins $288M $910M 21. Reds $307M $905B 22. Blue Jays $344M $900M 23. Padres $367M $890M 24. Brewers $287M $875M 25. Royals $282M $865M 26. Rockies $317M $860M 27. Indians $364M $800M 28. A's $292M $725M 29. Marlins $244M $675M 30. Rays $267M $650M
Comparing the cost of living in 1945 with today:
- The average cost of a new home today ($360,000) is 78 times what it was in 1945 ($4,600).
- The average cost of a gallon of gas today ($2.33) is 16 times greater than the average gallon in 1945 ($0.15).
The value of the Yankees is 1,360 times greater than it was in 1945.