Forbes’ annual list of the most valuable teams in Major League Soccer came out this morning.



The financial newspaper was full of praise for expansion clubs NYCFC and Orlando City, while also taking the time to defend the rumored sky-high expansion fee of 200 million dollars for the next (and possibly final round) of expansion.

The numbers certainly bear that out: The average MLS team is now worth $185 million. That’s up 18% over last year, 80% from 2013 and a staggering 400% from our first MLS valuations in 2008, when the average team was worth $37 million.

The LA Galaxy was valued at 265 million dollars, just short of the Seattle Sounders for tops in the league. However, the Galaxy pulled in the most revenue with a healthy 58 million dollars.

Here’s the full list:

1. Seattle Sounders FC $285

2. LA Galaxy $265M

3. NYCFC $255M

4. Toronto FC $245M

5. Orlando City SC $240M

6. Houston Dynamo $215M

7. Portland Timbers $210M

8. Sporting Kansas City $195M

9. New England Revolution $185M

10. San Jose Earthquakes $180

11. New York Red Bulls $178M

12. Chicago Fire $177M

13. D.C. United $155M

14. Philadelphia Union $152M

15. FC Dallas $150M

16. Montreal Impact $135M

17. Vancouver Whitecaps FC $128M

18. Real Salt Lake $125M

19. Columbus Crew SC $123M

20. Colorado Rapids $110M