PITTSBURGH — The value of the Pittsburgh Pirates rose 3% to $1.32 billion in Forbes’ annual ranking of baseball franchise values, primarily due to the new revenue streams that will begin in 2023 now that a new collective bargaining agreement has been reached.
Last year, Forbes estimated the Pirates’ value at $1.285 billion.
Forbes estimated the Pirates’ annual operating income as $64 million on revenue of $258 million.
Like the team’s performance on the field, the Pirates’ value is on the lower third of all Major League Baseball franchises: It was ranked No. 23, immediately behind two of the closest franchises in proximity, the Baltimore Orioles ($1.375 billion) and the Cleveland Guardians ($1.3 billion).
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