Forbes' annual assessment of Major League Baseball franchise values Tuesday pegged the Astros at $1.45 billion.

That ranks 13th among MLB teams and represents a 32 percent increase from last year. Jim Crane's ownership group purchased the team in 2011 from Drayton McLane for $610 million.

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The Yankees top the annual Forbes list at $3.7 billion, followed by the Dodgers, $2.75 billion; Red Sox, $2.7 billion; Cubs, $2.68 billion; and Giants, $2.65 billion.

The Rangers are ranked 11th at $1.55 billion.