Miami Marlins: Spoiled Kid of MLB
Like good wine, the Miami Marlins have increased their value in the market for a decade, according to Forbes.com.
The site prices the Marlins at $520 million from $451 million last year, even when the Marlins had an Operating Income of -$7 million.
This means the Marlins, as a business, could not sustain itself this year if it wouldn’t be for the share among teams, but for sure, the MLB created it in 1996, and reviewed it in 2002, not to have recidivists.
The MLB’s revenue sharing program makes every team share its 31 percent of their net local revenue, so this money is divided and distributed equally among the 30 teams. Here is where the Marlins live.
Can the league afford a team like the Marlins when in 2006 the franchise, again, had an Operating Income of -$11.6 million?
The largest sip of those $520 million comes from the share the Marlins received from other teams. Forbes.com attributes to the team’s value to the tune of $182 million from the MLB‘s sharing program, while $177 million is the value of the market for which the Marlins play, $110 millions from the stadium and $53 millions how they value the brand.
What teams are sharing for the good wine?
The teams with the most contributions are those with the best value like New York Yankees worthy $2.3 billion. They are followed by the Los Angeles Dodgers, Boston Red Sox and Chicago Cubs; these are the only MLB teams with a value over $1 billion.
However, the Marlins are not the only ones, and not even the lowest-valued team. Forbes.com places them 26th among the 30 MLB teams. Teams like the Colorado Rockies, Pittsburgh Pirates, Oakland A’s and Tampa Bay Rays drink good wine at no cost.
It’s just that they don’t invite.