Can Giants bump up payroll?
Giants sixth most valuable franchise in MLB
October 30, 2013, 10:00 am
Bloomberg released its annual fiscal evaluation of Major League Baseball teams, with 10 teams being valued at over $1 billion, including the San Francisco Giants.
With an estimated value of $3.3 billion, the New York Yankees are the most valuable MLB franchise, followed by the Los Angeles Dodgers, Boston Red Sox, New York Mets and the Chicago Cubs. The San Francisco Giants rank sixth with an evaluation of $1.23 billion.
The fiscal assessment includes total ticket sales, concessions, sponsorships, and broadcast rights, in addition to TV channels, radio stations and real estate. The Giants also own a 33-percent stake in Comcast Sports Bay Area.
Coming off of a 2012 World Series championship -- their second in three years -- the Giants' total revenue, as confirmed by President and CEO Larry Baer, was $300 million. This year, the Orange and Black ranked third in total attendance with 3.4 million people. They also benefited from $126 million in gate receipts (fifth in MLB), $28 million from concessions (seventh), $28 million in sponsorship (sixth), $88 million in media rights (eighth) and $9 million from parking (fourth).
The Giants finished the year tied for third with the San Diego Padres in the NL West at 76-86.
Some of these revenue gains may have helped account for the recent signings of outfielder Hunter Pence and pitcher Tim Lincecum. In 2013, the Giants had a payroll of $142.18 million, ranking sixth. The Houston Astros had the league’s lowest payroll at $24.33 million.
The Oakland Athletics were valued at $590 million according to Bloomberg, with a revenue of $175 million. At $68.58 million, owners John Fisher and Lew Wolff had the 6th lowest payroll in MLB.