Pirates notebook: Report has Pirates' estimated value at $500 million, 22nd in baseball
The Pirates are the 22nd-most valuable Major League Baseball franchise, according to a Bloomberg report published Wednesday.
The financial media outlet estimated the Pirates' team value at $500 million and found the average value of a major league team has increased to $1 billion, a 35 percent jump in the past year tied in part to the $2 billion sale price of the Los Angeles Dodgers.
Forbes valued at the Pirates at $479 million prior to the season with a one-year jump in franchise value of 43 percent.
While the Pirates have increased in value, the club ranks 20th or lower in team revenue ($185 million), gate receipts ($39 million), concessions ($14 million), media rights ($56 million) and sponsorships ($15 million), according to Bloomberg.
The Pirates ranked 19th in total attendance (2.3 million) but had some of the most affordable tickets in the game.
The Pirates have announced a slight increase in ticket prices for next season.
Hurting the club is its below-market local television deal signed through 2019.
When including $110 million in value from MLB Advanced Media, the game's digital arm whose value and revenue is shared equally among MLB teams, Bloomberg placed the Pirates' total value at $610 million.
The New York Yankees' total value is $3.3 billion, according to Bloomberg, making them the sport's most valuable franchise. The Dodgers rank second at $2.1 billion.
McCutchen named to Sporting News NL All-Star squad
Pirates center fielder Andrew McCutchen was named to the Sporting News' National League All-Star team, which is voted on by NL general managers and assistant GMs.
McCutchen is thought to be a favorite to earn NL MVP honors next month.
He batted .317 with 21 home runs and 27 steals in 2013. His value of 8.2 wins above replacement led the league.