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Valuation of M’s continues to skyrocket while team’s payroll remains steady

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The enthusiasm that accompanies every young baseball season helped the Mariners attract some larger-than-usual crowds last week.

It was a welcomed reminder of what a filled Safeco Field feels like, given the team lately hasn’t been much of a draw. Fan interest and trust had eroded amid slashed payrolls and losing seasons.

And yet, despite those struggles, the Mariners today find themselves in the best financial shape of their 37-year history.

Their value keeps growing, while revenue skyrockets from new…

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