Dodgers are valued at $632 million

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.