Mariners’ value jumps to $1.1 billion

PEORIA, Ariz. — The Seattle Mariners’ franchise value jumped an astounding 55 percent over the last year to $1.1 billion, according to Forbes magazine in its annual financial report on Major League Baseball.

Forbes took note of the club’s new deal with Root Sports, which it said would generate about $103 million a year over the life of the 18-year agreement.

Major League Baseball does not release it financial reports and has long disputed Forbes’ annual findings.

The magazine defines franchise value as the value of the club based on its current stadium deal without deduction for debt other than stadium debt.

Forbes also reported that, despite the Root-generated windfall, the Mariners actually dropped two slots — to 14th — in terms of franchise value when measured against the other 29 teams.

The Mariners’ value is also slightly below the overall major-league average of $1.2 billion per franchise.

The New York Yankees rank first in value at $3.2 billion. The Los Angeles Dodgers are second at $2.4 billion, followed by Boston at $2.1 billion, San Francisco at $2 billion and the Chicago Cubs at $1.8 billion.

The Mariners rank third in value among American League West teams.

The Los Angeles Angels rank eighth overall at $1.3 billion; Texas is 11th at $1.22 billion; Houston is 26th at $800 million; and Oakland is 27th at $725 million.

The only franchises ranked lower than the Astros and Athletics are Kansas City at $700 million, Miami at $650 million and Tampa Bay at $625 million.

Cora on opening day

Former second baseman Joey Cora will mark the 20th anniversary of the Mariners’ first postseason club by throwing out the ceremonial first pitch for season opener on April 6 against the Los Angeles Angels at Safeco Field.

Cora, now 49, played for the Mariners from 1995 until an Aug. 31, 1998 trade sent him to Cleveland for third baseman David Bell. Cora batted .277 in an 11-year career for four teams.

Pre-game ceremonies for the opener start at 12:30 p.m. First pitch is scheduled for 1:10 p.m.

The Mariners report only scattered single tickets remain for the opener.

Talk to us

More in Sports

A look at the Seattle Sounders’ new crest and secondary images unveiled on Tuesday. (Seattle Times photo)
Sounders unveil new crest, colors as 50th season approaches

The new look, which gives a nod to the past, will start being worn by the team next season.

Silvertips’ Andrew Petruk (26) fights for the puck during a game between the Everett Silvertips and Victoria Royals at the Angel of the Winds Arena on Saturday, Sept. 23, 2023. The Silvertips won, 5-3. (Annie Barker / The Herald)
Some good, some bad for Silvertips in season-opening split

Everett was missing three key players over the weekend but significantly outshot its two opponents.

Washington's Sami Reynolds bats during a Women's College World Series game this past June in Oklahoma City. (UW Athletics photo)
The Herald’s 2022-23 Woman of the Year in Sports: Sami Reynolds

The Snohomish grad capped an outstanding five-year career with an All-American season and one of the biggest moments in UW history.

Vote for The Herald’s Prep Athlete of the Week for Sept. 18-24

The Athlete of the Week nominees for Sept. 18-24. Voting closes at… Continue reading

Prep roundup for Tuesday, Sept. 26

Prep roundup for Tuesday, Sept. 26: (Note for coaches/scorekeepers: To report results… Continue reading

The 1987 Cascade boys soccer team poses for a photo in front of the Space Needle in Seattle. (County Sports Hall of Fame photo)
County Sports Hall of Fame Class of 2023 bio: 1987 Cascade boys soccer

The 1987 Cascade boys soccer team won the AAA title and kicked off a run of five straight appearances in the state title game.

Arlington’s Caleb Reed is thrown into the air by lineman Dylan Scott after scoring a touchdown against Ferndale on Friday, Sept. 22, 2023, at Arlington High School in Arlington, Washington. (Ryan Berry / The Herald)
Prep football power rankings after Week 4

Here are our top 8 local teams after all the action from Friday and Saturday.

Monroe’s Mason Davis (1) celebrates with Trent Bublitz (11) after Bublitz’s touchdown reception against Edmonds-Woodway on Friday, Oct. 14, 2022, at Edmonds School District Stadium in Edmonds, Washington. (Ryan Berry / The Herald)
Reader poll: Make your picks for Week 5 prep football games

Do you think you can beat the experts in our weekly high… Continue reading

Mike Thomas (6) owner of the Everett Royals, shares a laugh after practice at Archbishop Murphy High School on February 2, 2022 in Everett, Washington. (Kevin Clark / The Herald)
Everett’s new arena football team announces owners, coach

The franchise had been shrouded in mystery since the league announced it was relaunching in April.

Most Read