By Mike Ozanian for Forbes

For years polls have said baseball is the most problematic of the major U.S. sports and that the game is declining in popularity.

Now, to reality. The average MLB team is worth $1.54 billion, 19% more than one year ago (to see the impact on the Forbes SportsMoney Index, click here). Values were driven higher by new local television deals that are increasing at roughly a two-fold rate, surging profitability, and the escalating value of Major League Baseball Advanced Media, the Internet and technology arm of MLB. Check out Forbes analysis and latest valuations for major league clubs across all markets.   Read More.

Here’s the Complete List.