Yankees' Valuation Increased Crazy Amount From Last Year According to Forbes

The New York Yankees have long had the ability to pay just about whatever it takes to land top talent on an annual basis. And no matter their liquidity at any given time, they have access to a near-unlimited line of credit thanks to their incredible monetary valuation, which sits high above that of any other baseball team.

Forbes releases a list every year ranking the most valuable MLB franchise, and the Yankees have come in first every single time, clocking in at an estimated $4.6 billion in 2019. That already blew every other team out of the water, but this time around, they've amazingly cracked the $5 billion mark.

Yes, the Bronx Bombers increased their estimated value by $400 million in one year's time. That is simply insane stuff for any brand, let alone a baseball team. The Yankees haven't even won a World Series since 2009, but that hasn't lessened the popularity of the franchise one bit. They are truly the global symbol of excellence in their sport.

That increase in value begins to explain why the team was able to hand out a $324 million contract to Gerrit Cole and keep up a payroll up near $250 million.

The fact the Los Angeles Dodgers are next on the list at "only" $3.4 billion is mind-blowing. Per Forbes, the Yankees are worth a full $1.5 billion more than the next closest team! That is an astronomical amount of money to comprehend. At this point, the only thing that could hurt the team's valuation would be the perilous situation regarding the 2020 MLB season. However, if anyone's suited to survive the difficulties of the COVID-19 pandemic, it's the Yanks.