Forbes: Milwaukee Brewers value has increased nearly 55% from one year ago

MILWAUKEE (WITI) -- New estimates by Forbes show the value of the Milwaukee Brewers has increased nearly 55% from a year ago.

Forbes says the Brewers are now worth $875 million. That's compared with $565 million in March of 2014.

One reason for the jump: The team increased revenue last year by nearly 15%.

Out of 30 teams, the Brewers now rank as the 21st most valuable team in the Major League.

According to Forbes, the average team is now worth $1.2 billion.

The full list is as follows:

1) New York Yankees
Team value: $3.2 billion
Revenue: $508 million

2) Los Angeles Dodgers
Team value: $2.4 billion
Revenue: $403 million

3) Boston Red Sox
Team value: $2.1 billion
Revenue: "370 million

4) San Francisco Giants
Team value: $2.0 billion
Revenue: $387 million

5) Chicago Cubs
Team value: $1.8 billion
Revenue: $302 million

6) St. Louis Cardinals
Team value: $1.4 billion
Revenue: $294 million

7) New York Mets
Team value: $1.35 billion
Revenue: $263 million

8) Los Angeles Angels
Team value: $1.3 billion
Revenue: $304 million

9) Washington Nationals
Team value: $1.28 billion
Revenue $287 million

10) Philadelphia Phillies
Team value: $1.25 billion
Revenue: $265 million

11) Texas Rangers
Team value $1.22 billion
Revenue: $266 million

12) Atlanta Braves
Team value: $1.15 billion
Revenue: $267 million

13) Detroit Tigers
Team value: $1.125 billion
Revenue: $254 million

14) Seattle Mariners
Team value: $1.1 billion
Revenue: $250 million

15) Baltimore Orioles
Team value: $1 billion
Revenue: $245 million

16) Chicago White Sox
Team value: $975 million
Revenue $227 million

17) Pittsburgh Pirates
Team value: $900 million
Revenue $229 million

18) Minnesota Twins
Team value: $895 million
Revenue: $223 million

19) San Diego Padres
Team value: $890 million
Revenue: $224 million

20) Cincinnati Reds
Team value: $885 million
Revenue: $227 million

21) Milwaukee Brewers
Team Value: $875 million
Revenue: $226 million

22) Toronto Blue Jays
Team value: $870 million
Revenue: $227 million

23) Colorado Rockies
Team value: $855 million
Revenue: $214 million

24) Arizona Diamondbacks
Team value: $840 million
Revenue: $211 million

25) Cleveland Indians
Team value: $825 million
Revenue: $207 million

26) Houston Astros
Team value: $800 million
Revenue: $175 million

27) Oakland Athletics
Team value: $725 million
Revenue: $202 million

28) Kansas City Royals
Team value: $700 million
Revenue $231 million

29) Miami Marlins
Team value: $650 million
Revenue: $188 million

30) Tampa Bay Rays
Team value: $625 million
Revenue: $188 million