The New York Yankees are Major League Baseball's most valuable team for a 16th consecutive year, coming in at more than triple the league's average value.
The 27-time World Series champion Yankees, owned by the Steinbrenner family, have been valued at $2.7 billion, a 24 percent jump from last year and comfortably above the second ranked Los Angeles Dodgers at 1.9 billion.
The Boston Red Sox, Chicago Cubs and Philadelphia Phillies rounded out the top five while the 2012 World Series champion San Francisco Giants were ranked seventh.
With the increase in value, the Yankees surpassed the National Football League's Dallas Cowboys, who are worth $2.5 billion, as the most valuable US sports team.
The average MLB team value is now $890 million, a 23 percent increase from last year.
