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Red Sox valued at $2.3 billion by Forbes, 3rd-most in MLB

The Sox aren't the very richest team in the game, but they sure make more money than most of it.

MLB: Boston Red Sox-Workouts Jonathan Dyer-USA TODAY Sports

You know the Red Sox are worth a lot of money. You know they're very profitable, too, even as they spend more than most of the league each season. Forbes has put a dollar figure on just what the Sox are worth heading into the 2016 season, and it's an eye-popping $2.3 billion. That's the third-most valuable in the league, behind only the $3.4 billion Yankees -- who have been in first every season Forbes has tracked this -- and the $2.5 billion Dodgers.

Franchise worth is up all across baseball -- 10 years ago, only the Yankees were a billion-dollar enterprise, and only just at $1.026 billion. The Red Sox, at that time, were valued at $617 million and ranked second, and the Rays, lowest in the league, came in at $209 million. Inflation is just a small part of the change -- $10 million in 2006 dollars is about $12 million in 2016 dollars: you'll want to look at regional television deals and the rise of MLBAM for the surges in valuation across the game.

Whereas in 2006 the Yankees were the lone billion-dollar team, in 2016, 17 teams come in at least $1 billion in value. The Pirates nearly make 18 of 30, as their valuation is $975 million. The lowest-ranked of the 30 MLB teams is still the Rays, but their value has more than tripled in those 10 years, and now sits at $650 million. Yes, the poorest team in baseball is worth more than the second-richest one was a decade ago. Baseball is doing okay.

Forbes has a bit more info on the Sox finances to share, as well. In 2015, they made $398 million in revenue, but their operating income -- what's left after expenses, wages, and depreciation -- was $43 million. Their payroll, for luxury tax purposes, finished third at $185 million, and that took up the bulk of those expenses. However, the Red Sox also contribute significantly to the revenue-sharing pool given their abilities to generate their own, and that's no small figure: Boston has spent $325 million over the last four seasons alone just for revenue-sharing purposes, second only to the Yankees.

So, the Sox don't have infinite pools of money to draw from, as far as operating within their own, Sox-centric revenues goes. This is why you see the Sox wanting to avoid the luxury tax and its penalties -- they already get hit hard in the pool that makes the poorer teams better, and while $43 million isn't bad, you can see where that could quickly vanish with a couple of huge signings.

That $43 million ranked sixth in the league, behind the Giants ($73 million), Astros ($67 million), Cardinals ($60 million), Cubs ($51 million), and Mets ($47 million). Except for the Giants, all of those teams made additional revenue off of their playoff appearances, while the Sox were in last place for the second year in a row. There's money and power in the Red Sox brand, playoffs or no.

Only three teams are reported to have run at a loss in 2015, per Forbes numbers. The Rangers lost $4.7 million, the Phillies $9 million, and the Dodgers $73 million. So, yeah, $43 million doesn't look so bad when you throw all this context in, huh?

Forbes isn't kind enough to share all their figures in a table anymore, as you need to go through a slideshow to find out anything. Don't worry, though, I made a little table for you with the pertinent information if you prefer that to clicking through 31 slides. The teams are in order of their franchise valuation, with their revenue and operating income (or loss, in three cases) listed as well.

Team Revenue Operating Income/Loss Team Revenue Operating Income/Loss
Yankees $516 million $13 million White Sox $240 million $20 million
Dodgers $438 million -$73 million Orioles $239 million $9 million
Red Sox $398 million $43 million Pirates $244 million $35 million
Giants $409 million $73 million Diamondbacks $223 million $17 million
Cubs $340 million $51 million Twins $240 million $19 million
Mets $313 million $47 million Reds $237 million $9 million
Cardinals $300 million $60 million Blue Jays $241 million $1.2 million
Angels $312 million $42 million Padres $244 million $33 million
Nationals $293 million $23 million Brewers $234 million $27 million
Phillies $263 million -$9 million Royals $273 million $39 million
Rangers $275 million -$4.7 million Rockies $227 million $5.5 million
Mariners $271 million $17 million Indians $220 million $18 million
Braves $266 million $28 million Athletics $208 million $33 million
Tigers $268 million $11 million Marlins $199 million $16 million
Astros $270 million $67 million Rays $193 million $8 million

Fourth in revenue and sixth in actual income after the fact. Not bad for the Sox, considering they had a last-place season once again. All the youth on the roster could pay off very literally if they manage to make it to meaningful October baseball yet again.