NEW YORK - Major League Baseball would consider expansion fees in the range of $2.2 billion for new franchises, though there are no current plans to add teams. The company estimated the average MLB franchise value is $2.2 billion, led the New York Yankees at $6.75 billion. Colorado and Miami paid $95 million each to join in 1993, and Arizona and Tampa Bay paid $130 million to join in 1998. Manfred has said repeatedly that MLB will not consider expansion until the Oakland Athletics and Tampa Bay Rays get new ballparks. And we think that the decision we made will actually be player protective.” ___More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_SportsLoading... Loading... Loading... Loading... Loading... Loading...

Source: thestar April 27, 2021 20:03 UTC