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.
Travis Sawchik is a staff writer for Trib Total Media. Reach him at firstname.lastname@example.org or via Twitter @Sawchik_Trib.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Rossi: The series that will define these Pirates
- Pirates notebook: Bucs batters seeing doubles
- Stats speak: Sliders stand between Pirates, playoffs
- Friday’s scouting report: Brewers at Pirates
- Pirates hold on to beat Red Sox, complete 3-game sweep at PNC
- Sunday’s scouting report: Cubs at Pirates
- Pitt notebook: Expanded game plan likely awaits Iowa
- Thursday’s scouting report: Red Sox at Pirates
- Pirates hit 3 HRs in rout of Red Sox
- Pirates notebook: Castillo’s debut underscores challenges in Cuban market