That's the estimate by Forbes in the magazine's annual examination of how much baseball franchises are worth. The valuation is a huge jump from the $482 million last year - and it's based on a bunch of factors, including the Socal market, the stadium and the team's brand management. The Forbes report also shows that the Dodgers operating income this year will be $28 million, compared with $13 million in 2006 (and operating losses for years before that). Revenues are up (higher ticket prices have helped) and player expenses are under control. In other words, Frank McCourt is making a business out of the Dodgers - and for all the gripes about Jaime's management style, the long concession lines, the lousy parking system, etc., the team is drawing better than ever. Go figure. Forbes ranks the Los Angeles Angels of Anaheim 13th, with a valuation of $431 million. That's almost double the value when Arte Moreno bought the team in 2003. The Angels will show an operating income this year of $12 million. Rank, team and valuation on jump.

1 New York Yankees $1,200
2 New York Mets 736
3 Boston Red Sox 724
4 Los Angeles Dodgers 632
5 Chicago Cubs 592
6 St Louis Cardinals 460
7 San Francisco Giants 459
8 Atlanta Braves 458
9 Philadelphia Phillies 457
10 Washington Nationals 447
11 Houston Astros 442
12 Seattle Mariners 436
13 Los Angeles Angels of Anaheim 431
14 Baltimore Orioles 395
15 Chicago White Sox 381
16 San Diego Padres 367
17 Texas Rangers 365
18 Cleveland Indians 364
19 Detroit Tigers 357
20 Toronto Blue Jays 344
21 Arizona Diamondbacks 339
22 Colorado Rockies 317
23 Cincinnati Reds 307
24 Oakland Athletics 292
25 Minnesota Twins 288
26 Milwaukee Brewers 287
27 Kansas City Royals 282
28 Pittsburgh Pirates 274
29 Tampa Bay Devil Rays 267
30 Florida Marlins 244