Post Gazette · Apr 11, 2017
Report: Pirates now worth more than $1 billion
Pirates owner Bob Nutting's team is now worth an estimated $1.25 billion, according to Forbes.The Pirates’ value has surged 28 percent in the past year from $975 million to $1.25 billion, according to an estimate released Tuesday by Forbes. That value ranks No. 17 in Major League Baseball and No. 3 in the National League Central division behind the Chicago Cubs ($2.7 billion) and St. Louis Cardinals ($1.8 billion.)
Forbes staff writer Mike Ozanian, who authored an analysis, said the Pirates’ soon-to-expire television contract with Root Sports accounted for much of the boost, significantly more than the average gain for MLB teams of 19 percent.