FORBES magazine has released its latest report on Major League Baseball team values. The New York Yankees are listed as the most valuable team at $1.6 billion. Winning the World Series and playing in a new stadium probably played a role in the Yankees 7% increase in net worth from the previous year. 

The MLB team with the lowest value is the Pittsburgh Pirates. According to FORBES, the Pirates earned $15.6 million in ’09. However, they received $40 million in revenue sharing from their counterparts. According to FORBES, the Pirates are worth $289 million. Ironically, they are hosting an upcoming Career Fair on April 16, 2010. Maybe some of its new employees can bring some spark to the organization.