FILE - In this March 28, 2019, file photo, a large flag is unfurled during the national anthem before an opening day baseball game between the New York Yankees and the Baltimore Orioles at Yankee Stadium in New York. Forbes estimates the New York Yankees are baseball’s most valuable franchise at $5 billion, up 9% over last year and 47% more than the No. 2 Los Angeles Dodgers at $3.4 billion.(AP Photo/Seth Wenig, File)

FILE - In this March 28, 2019, file photo, a large flag is unfurled during the national anthem before an opening day baseball game between the New York Yankees and the Baltimore Orioles at Yankee Stadium in New York. Forbes estimates the New York Yankees are baseball’s most valuable franchise at $5 billion, up 9% over last year and 47% more than the No. 2 Los Angeles Dodgers at $3.4 billion.(AP Photo/Seth Wenig, File)

NEW YORK (AP) — Forbes estimates the New York Yankees are baseball’s most valuable franchise at $5 billion, up 9% over last year and 47% more than the No. 2 Los Angeles Dodgers at $3.4 billion.

The Yankees are second among all sports in Forbes’ evaluations to the Dallas Cowboys , listed at $5.5 billion in the last NFL ranking.

The Yankees’ YES Network broadcasts Forbes “SportsMoney” television show.

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The Boston Red Sox are third at $3.3 billion, Forbes said Thursday, followed by the Chicago Cubs ($3.2 billion), San Francisco ($3.1 billion), the New York Mets ($2.4 billion), St. Louis ($2.2 billion) and Philadelphia ($2 billion).

Miami was last at $980 million, a drop of $20 million. Also near the bottom were Kansas City ($1.025 billion), Tampa Bay ($1.05 billion), Cincinnati ($1.075 billion) and Oakland ($1.1 billion).

Forbes estimates the MLB average team value rose 4% from last year to $1.85 billion, the smallest annual appreciation since a 2% rise in 2010.

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