“So a team outside a top-5 media market without a massive local TV deal can run a $280 million payroll... and still make a $40 million profit?" Tony Clark said. "Never mind that their overall franchise value has gone up over $900 million in just 3 years.”

https://www.nytimes.com/athletic/6164928/2025/02/27/braves-financial-payroll-espn-mlb-tv-breakup/