MILWAUKEE (WITI) -- New estimates by Forbes show the value of the Milwaukee Brewers has increased nearly 55% from a year ago.



Forbes says the Brewers are now worth $875 million. That's compared with $565 million in March of 2014.



One reason for the jump: The team increased revenue last year by nearly 15%.



Out of 30 teams, the Brewers now rank as the 21st most valuable team in the Major League.



According to Forbes, the average team is now worth $1.2 billion.



The full list is as follows:



1) New York Yankees

Team value: $3.2 billion

Revenue: $508 million



2) Los Angeles Dodgers

Team value: $2.4 billion

Revenue: $403 million



3) Boston Red Sox

Team value: $2.1 billion

Revenue: "370 million



4) San Francisco Giants

Team value: $2.0 billion

Revenue: $387 million



5) Chicago Cubs

Team value: $1.8 billion

Revenue: $302 million



6) St. Louis Cardinals

Team value: $1.4 billion

Revenue: $294 million



7) New York Mets

Team value: $1.35 billion

Revenue: $263 million



8) Los Angeles Angels

Team value: $1.3 billion

Revenue: $304 million



9) Washington Nationals

Team value: $1.28 billion

Revenue $287 million



10) Philadelphia Phillies

Team value: $1.25 billion

Revenue: $265 million



11) Texas Rangers

Team value $1.22 billion

Revenue: $266 million



12) Atlanta Braves

Team value: $1.15 billion

Revenue: $267 million



13) Detroit Tigers

Team value: $1.125 billion

Revenue: $254 million



14) Seattle Mariners

Team value: $1.1 billion

Revenue: $250 million



15) Baltimore Orioles

Team value: $1 billion

Revenue: $245 million



16) Chicago White Sox

Team value: $975 million

Revenue $227 million



17) Pittsburgh Pirates

Team value: $900 million

Revenue $229 million



18) Minnesota Twins

Team value: $895 million

Revenue: $223 million



19) San Diego Padres

Team value: $890 million

Revenue: $224 million



20) Cincinnati Reds

Team value: $885 million

Revenue: $227 million



21) Milwaukee Brewers

Team Value: $875 million

Revenue: $226 million



22) Toronto Blue Jays

Team value: $870 million

Revenue: $227 million



23) Colorado Rockies

Team value: $855 million

Revenue: $214 million



24) Arizona Diamondbacks

Team value: $840 million

Revenue: $211 million



25) Cleveland Indians

Team value: $825 million

Revenue: $207 million



26) Houston Astros

Team value: $800 million

Revenue: $175 million



27) Oakland Athletics

Team value: $725 million

Revenue: $202 million



28) Kansas City Royals

Team value: $700 million

Revenue $231 million



29) Miami Marlins

Team value: $650 million

Revenue: $188 million



30) Tampa Bay Rays

Team value: $625 million

Revenue: $188 million