When it comes to the value of Major League Baseball teams, there are the New York Yankees, the Los Angeles Dodgers and everyone else.

Sportico, in its 2025 valuation of MLB franchises released Tuesday, estimated the two franchises are worth a combined total of more than $16 billion — the Yankees at $8.39 billion and the Dodgers at $7.73 billion, including their real estate holdings and other businesses.

That’s quite a return on investment for ownership.

George Steinbrenner bought the Yankees in 1973 for $8.8 million, about $66 million in today’s dollars. The Dodgers’ ownership group paid $2.15 billion in 2012, then a record for a North American team sports franchise.

According to Sportico, among North American franchises, only the Dallas Cowboys ($10.32 billion) and Golden State Warriors ($9.14 billion) are worth more.

Following the Dodgers and Yankees on the list were the Boston Red Sox ($6.03 billion), Chicago Cubs ($5.69 billion) and San Francisco Giants ($4.2 billion).

Last in the rankings were the Miami Marlins, valued at $1.3 billion.

Per Sportico, the average MLB team is worth $2.82 billion.

The Yankees and Dodgers met in the 2024 World Series, with Los Angeles winning in five games.