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Wednesday, March 28, 2012
Yanks prez: How high is our value?

By Andrew Marchand

With the Dodgers selling for an American professional sports-high $2.15 billion, the Yankees are wondering how much they might be worth. Still, the Steinbrenners have no interest in selling the team at this time.

"It is an incredible price," Yankees president Randy Levine told ESPN New York. "If they are worth $2 billion, one can only imagine how high the Yankees' value is."

Even with the Yankees probably able to approach or surpass $3 billion for the team, Levine said that the level of interest in selling the franchise is "absolutely none."

A sale of the Yankees would have different parameters than the just-completed deal Magic Johnson and investors made for the Dodgers. In the Los Angeles transaction, the Dodgers will benefit from either a new multi-billion-dollar TV contract beginning in 2014 or by starting their own network. There is also land and parking lots involved in the deal.

The Yankees could be worth around $3 billion without the TV component. The Yankees own 30 percent of YES, which could potentially be included in a deal. A source has said YES has fielded offers of around $3 billion for the network in the past.

At this point, the Yankees have no interest in selling, but if that changes the Steinbrenners will be rich -- well, even richer.