Rays Logo (Photo by Julio Aguilar/Getty Images)
Last month, Forbes released its updated valuations for MLB franchises. While the Tampa Bay Rays remain near the bottom they did move up a spot.
The Tampa Bay Rays moved up a spot over last year’s Forbes franchise valuations. Despite the pandemic, every team managed to increase in value except for two.
The Tampa Bay Rays were carried by their new cable television deal that pays an average of around $60 million per year, which is about twice the amount they were receiving. Additionally, Major League Baseball has provided teams with the ability to sell their local streaming rights in order to take aim at the cord-cutting youngsters out there.