Montreal, Charlotte, Nashville, Portland, and Salt Lake City are the top tier. Followed by San Antonio, Orlando, Vancouer, and Mexico City in the long-shot tier.
The more I look at market saturation, the more I think Charlotte and Nashville are bad ideas.
I know that they want a Southeast team like those two markets; but both of them have TWO of the Big Four teams already and are probably "too small" to adequately support a third that isn't the cheapest of the lot.
NBA and MLB teams cost a lot of money from fans to be league-average revenue; and with the NFL coming first in both markets already, that just doesn't seem like baseball would be robust there.
I mean, the Marlins were the third team in Miami and they're incredibly not lucrative; so markets a third of the size are going to do better? The Rays are Tampa Bay's third team, third in venue location certainly, and they're not doing great financially, prompting relocation talk.
If the Rays move, it should be to Orlando, so the two markets 90 miles apart split the four teams 2 and 2, with the 1st and 4th most expensive in one market, and the 2nd and 3rd in the other. That makes total sense.
And then expansion should be Raleigh AL and Montreal NL (although I think they should go with Four Leagues, AL, NL, Pacific and Southern; which would put Raleigh in the South).