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Manfred: MLB expansion franchise costs $ 2.2 billion

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

Commissioner Rob Manfred spoke Tuesday during SporticoLive’s online discussion about his estimates of baseball franchise valuations. The company estimated the median value of the MLB franchise to be $ 2.2 billion, led by the New York Yankees at $ 6.75 billion.

The Colorado Rockies and Miami Marlins each paid $ 95 million to join in 1993, and the Arizona Diamondbacks and the Tampa Bay Rays paid $ 130 million to join in 1998.

Manfred has repeatedly said that MLB will not consider expansion until the Oakland Athletics and Tampa Bay Rays get new stadiums. The Athletics have proposed a stadium in the Howard Terminal area in downtown Oakland, and the Rays have said they will look to split the seasons between the Tampa Bay area and Montreal beginning in 2028, after their lease expires in the Tropicana Field in St. Petersburg. Florida.

Plans for those cities have not been finalized.

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

“If these assets actually have an average value of $ 2.2 billion, I think it’s kind of a lodestar in terms of where I would start in terms of assessing the opportunity for expansion,” Manfred said. “The expansion is not purely additive, true, from the perspective of the existing owners. There are huge streams of shared income that are diluted as a result of having 32 instead of 30 as the denominator, and if that were indeed the expansion number, and that must also be taken into account. “

Manfred also said MLB made the right decision on April 2 to move its All-Star Game from Atlanta’s Truist Park over the league’s objections to changes in Georgia’s voting laws that critics have condemned as being too restrictive. MLB announced four days after the July 13 game will be played at Coors Field in Denver.

“We were injected into a very politicized situation. I think we did the right thing,” Manfred said. “We thought that our players were going to be in an extraordinarily difficult situation given the political burden they had. And we believe that the decision we make will really protect the player.”

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