What Chicago sports team is worth the most money in 2018?
As reported by Kurt Badenhausen in a Forbes article about the 50 richest teams around the globe, the Cubs are the most valuable organization in the Windy City.
Chicago’s North Side baseball team ranks as the 16th wealthiest team in the world, valued at $2.9 billion, an 8 percent increase from 2017. The Cubs are the third-most affluent franchise in Major League Baseball, behind the New York Yankees ($4 billion) and the Los Angeles Dodgers ($3 billion).
This year, the baseball club owned by the Ricketts family surpassed the wealth of the Boston Red Sox ($2.8 billion), who the Cubs were ranked behind last season at $2.68 billion. In the span of a year, the North Siders gained two spots in the top 50 from 18 to 16 on the list.
What could be the reason for this increase?
Could it be that the Cubs are in first place in the NL Central? Or could it be the incredible performances from players like Jon Lester and Javy Baez?
Whatever the reason is for the Cubs’ prosperity, the team is doing something right.
The club also surpassed the Bears on the list this year. In 2017 the Bears (worth $2.7 billion last year) were tied with the Red Sox as the 16th most valuable sports team on Earth. The McCaskey-owned football team has fallen to a tie at 17 with the San Francisco Giants, both valued at $2.85 billion in 2018. The Bears even increased by 6 percent in the last year, making the Cubs’ jump seem greater.
The Bulls, owned by Jerry Reinsdorf, are the last team from Chicago to make the cut. They stand at 23 in the top 50, tied with the Denver Broncos. Both franchises are worth $2.6 billion. Chicago’s NBA team even fell a spot from 2017, but they still increased their value by 4 percent (worth $2.5 billion last year).
The Bears are the seventh richest team in the NFL, while the Bulls are fourth wealthiest in the NBA.
Antonio Blakeney's past 12 months have landed him a permanent spot on the Bulls, according to Yahoo Sports' Shams Charania.
Sources: The Chicago Bulls are signing guard Antonio Blakeney to a guaranteed two-year, minimum contract. Blakeney was on a two-way contract last season.— Shams Charania (@ShamsCharania) July 18, 2018
The signing comes as little surprise for a number of reasons, beginning with Blakeney's play.
He was named the G-League Rookie of the Year after averaging 32.0 points per game for the Windy City Bulls last season. He then fared well alonside Wendell Carter Jr. in the Las Vegas Summer League, averaging 21.0 points on 40 percent shooting, 4.4 rebounds and 2.8 assists in five games.
Blakeney, playing on a two-way contract, had a cup of coffee with the Bulls in 2017, averaging 7.9 points on 37 percent shooting in 19 games. He scored a career-high 16 points on two different occasions.
He'll likely take the spot left vacant by wing David Nwaba, a player whose qualifying offer from the Bulls was rescinded in order to free up more cap space to sign Jabari Parker.
Blakeney will battle with Denzel Valentine, Justin Holiday and Chandler Hutchison for minutes on the second unit.