Despite falling short of the playoffs in 2013, the Washington Nationals saw their franchise value go up by about $70 million over the course of the last year.
Forbes released their 2014 MLB team valuations on Wednesday and the Nationals came in at $700 million. That's good enough for 13th in the majors. Before last season they ranked 14th at $631 million.
According to Forbes, the Nats took in $244 million of revenue in 2013 after earning $225M the year before. That was in large part due to a 20 percent increase in sponsorship revenue. New agreements with companies such as T-Mobile, HBO and Utz were a large part of the growth.
Forbes says the Nats' operating income in 2013 was $22.4 million after a mark of $28.4M the season before.
Attendance helped the Nationals in 2013, as it did the year before. This past season the Nats saw a 12 percent increase in attendance at Nationals Park. That's after a 22 percent improvement in 2012.
- 2,652,422 total fans
- increase of 281,628 fans
- +12 percent increase from year before
- 2,370,794 total fans
- increase of 430,316 fans
- +22 percent increase from year before
The Nats are the fourth highest valued team in the National League East division. The Phillies rank sixth in MLB at $975 million, the Mets place ninth at $800 million, and the Braves come in 11th at $730 million.
The New York Yankees ranked first on Forbes' list with a total value of $2.5 billion. For the full rankings, click here.