Only three teams fell in value over the past year: the New York Mets, Houston Astros and Miami Marlins. The Mets, down 1% to $800 million, are still going through a period of austerity with an $85 million payroll after the Bernie Madoff debacle. Attendance at Citi Field has fallen for five consecutive years. The team refinanced $250 million of debt and is no longer taking on water under the leadership of GM Sandy Alderson.
Of course what you all continue to ignore is that the Mets are owned by a real estate company, so don’t worry too much about this little baseball thing they do on the side. They will be fine with just $800 million.
via Baseball Team Values 2014 Led By New York Yankees At $2.5 Billion.