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According to a Forbes article, average franchise value grew by 23% last year. The Mariners' value only grew by 10%, second least in all of baseball ahead of only the Angels. It also said that average revenue grew by 7%. Mariners' revenue grew by 1.8%, fourth least in all of baseball.
Maybe we're just talking with our money.
Article: www.forbes.com/sites/mikeozanian/2013/03/27/baseball-team-valuations-201...
Side note, is there a better way to link off-site articles? Tried an tag, but it tried to link to this site first.