If Major League Baseball looks to expand from its current group of 30 teams, commissioner Rob Manfred has an expansion fee in mind for a new franchise.
Speaking at SporticoLive's online discussion on Tuesday (via the Associated Press), Manfred estimated that expansion fees for a brand-new organization would be around $2.2 billion:
"If in fact these assets are worth an average $2.2 billion, I think that's kind of a lodestar in terms of where you would start in terms of evaluating expansion opportunity. Expansion is not purely additive, right, from the perspective of the existing owners.