The Phillies had the highest operating income of any of the 30 MLB teams last season, according to data compiled by Forbes.
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The Phils' operating income, which is essentially cash brought in vs. cash paid out (more specifically, earnings after expenses but before interest and taxes) was $87.7 million. The Cubs were next at $83.8 million. The Tigers were last at minus-36.4 million.
Factors in the Phillies' high figure are the size of their market, their lucrative TV deal and their relatively low 2016 payroll. The Phils spent about $92 million last season; 24 teams spent more, and the MLB average was $129.4 million.
The Phillies also experienced the third-highest percent change in value -- up 34 percent to $1.65 billion, according to Forbes. Only the Blue Jays (44 percent) and Marlins (39 percent) gained more value.