TribLIVE

| Sports

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Pirates notebook: Report has Pirates' estimated value at $500 million, 22nd in baseball

Pirates/MLB Videos

Email Newsletters

Click here to sign up for one of our email newsletters.

Pirates podcasts

  • Loading...

'American Coyotes' Series

Traveling by Jeep, boat and foot, Tribune-Review investigative reporter Carl Prine and photojournalist Justin Merriman covered nearly 2,000 miles over two months along the border with Mexico to report on coyotes — the human traffickers who bring illegal immigrants into the United States. Most are Americans working for money and/or drugs. This series reports how their operations have a major impact on life for residents and the environment along the border — and beyond.

Wednesday, Oct. 23, 2013, 5:48 p.m.
 

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 tsawchik@tribweb.com or via Twitter @Sawchik_Trib.

Subscribe today! Click here for our subscription offers.

 

 

 


Show commenting policy

Most-Read Pirates

  1. Pirates’ Burnett endures another poor start in blowout loss to Reds
  2. Pirates bolster bullpen by trading for former closer Soria
  3. Pirates notebook: Blanton introduced; Worley designated for assignment
  4. Gameday: Pirates at Reds, July 31, 2015
  5. Pirates acquire pitcher Blanton from Royals for cash
  6. Pirates notebook: Melancon bails out Watson with extended outing
  7. Gameday: Pirates at Reds, July 30, 2015
  8. McCutchen, Pirates cruise to interleague victory over Twins
  9. Making splash at MLB trade deadline not always in buyers’ best interest
  10. Pirates notebook: Prospect Tucker unaware of ‘trade’ frenzy
  11. Cole collects MLB-best 14th win as Pirates take series against Nationals