Forbes magazine came out with their annual list of the values of Major League Baseball franchises. As expected, the New York Yankees ranked number one with a value of $2.5 billion dollars. The Arizona Diamondbacks came in at #21 at $585 million dollars. That number represents a $1 million increase from a year ago. The team brought in $192 million dollars worth of revenue which placed them 25th. That number is actually a decrease of $3 million dollars from the prior year. Operating income went from a profit of $7.6 million in 2012 to a loss of $5.8 million in 2013.
Going back to 2011, the franchise was worth $386 million dollars and had revenues of $180 million. While the D’backs’ overall standing in relation to value and revenues among Major League teams has been and currently is on the lower side, the team’s payroll is $106 million dollars for 2014, the highest it has ever been. That is because of the anticipation of a new television contract after the 2015 season. It is why the team went after major free agents such as Masahiro Tanaka, Carlos Beltran and Shin-Soo Choo. The team would also like to transfer ownership of Chase Field from Maricopa County to the city of Phoenix. It is believed that with this transfer, they would be able to make more revenue from staging non-baseball events as well as have a say in the management of the stadium.
Owner Ken Kendrick bought the D’backs in 2004 for $238. His investment has more than doubled over the last decade. With deferred salaries also off the books, keep expecting ownership to put more money into the team, a good sign for a fan base that seems jaded at times.