Bloomberg uses ticket sales, sponsors, parking, concessions, TV deals, MLB Advanced Media and other interests to determine the value of each individual team.
The Yankees are valued at $3.2 billion, over $1 billion more than the Dodgers. Combined, the two New York franchises are worth over $5 billion.
The Dodgers were sold in 2012 for $2.15 billion, $50 million more than what Bloomberg values the organization at.
As can be expected, the larger markets fall at the top of the rankings while the small market franchises are the least valuable in the MLB. Making up the bottom five are the Rays ($530 million), the Royals, the Indians, the Rockies and the Athletics.
Here are the 10 most valuable MLB franchises according to Bloomberg (numbers in billions):
1. Yankees $3.2 billion
2. Dodgers $2.10 billion
3. Red Sox $2.06 billion
4. Mets $2.05 billion
5. Cubs $1.32 billion
6. Giants $1.23 billion
7. Orioles $1.12 billion
8. Angels $1.09 billion
9. Phillies $1.04 billion
10. Rangers $1.01 billion