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Sunday, May 05, 2019

MASN Must Pay Nationals Tens of Millions More

The Washington team won’t actually receive almost $100 million. That’s because MASN must restate its financial results for those five years, reducing its profit in order to pay the higher TV rights fees. The more money MASN pays in rights fees, the less it has available for profits.

After those and other adjustments are made, the Nationals would net somewhere between $60 million and $70 million from the decision, according to people familiar with the case.

On top of that, Governor Larry Hogan wrote to Manfred that he has paused negotiations on renovations and the ballpark lease which expires in a couple years because the MASN dispute clouds the future of the Orioles. Could the Orioles be moving back to St. Louis??

Bote Man Posted: May 05, 2019 at 03:33 AM | 4 comment(s)
  Beats: masn, money, nationals, orioles, television rights

Tuesday, April 09, 2019

MASN Has Stopped Paying the Nationals

Now comes a new dispute with some stink from the last one — specifically, the $25 million that MLB secretly advanced to the Nationals to soothe team owner Ted Lerner’s problems with being forced to license its games at a discount.

According to documents filed Monday in New York, MASN has made cash flow payments to both teams every year early in the season. By June 2018, though, the Nationals hadn’t received their payout and accordingly inquired about the missing money. Thus began months of correspondence between the two clubs and the MLB Commissioner without resolution. The Nationals apparently went into this offseason without TV money.

Bote Man Posted: April 09, 2019 at 01:47 AM | 2 comment(s)
  Beats: masn, money, nationals, orioles, peter angelos

Friday, March 29, 2019

Scherzer highest-paid player, Red Sox top payroll list again

NEW YORK (AP) — Washington pitcher Max Scherzer took over from Los Angeles Angels outfielder Mike Trout as baseball’s highest-paid player at $37.4 million and the World Series champion Boston Red Sox remained the sport’s biggest spender for the second straight year, according to a study of major league salaries by The Associated Press.

Baseball’s average salary dropped for an unprecedented second straight year on opening day, falling about $36,000 to approximately $4,375,000. But the drop was due to signing bonuses in new contracts for Trout, Clayton Kershaw, Bryce Harper, Manny Machado and a few others. Baseball’s accounting rules allocate signing bonuses in equal portions over each guaranteed year of a contract, and the signing bonuses of nine players caused an $82,000 drop in the opening-day average.

Trout was the highest-paid last season at $34.08 million but his new deal dropped his salary for this year in exchange for a $20 million signing bonus. Scherzer’s salary is discounted because it is deferred with no interest.

The five highest-paid players are all pitchers, with Arizona’s Zack Greinke second at $32.4 million, followed by Boston’s Dave Price and the Los Angeles Dodgers’ Clayton Kershaw at $31 million each and Washington’s Stephen Strasburg at $30.7 million.

Some data on the financial side of the game- given how much we discuss it, having this compiled has clear value.

 

QLE Posted: March 29, 2019 at 08:52 AM | 0 comment(s)
  Beats: dollah dollah bills, y'all, max scherzer, money, red sox, salaries

Tuesday, March 19, 2019

Angels and Trout agree (Report)

Seems like Trout will spend his whole career in LA. Money seems reasonable, but I’m curious if this supersedes the last two years of his current deal, or is an add-on starting in 2021.

Awaiting confirmation from the team…

JimMusComp likes Billy Eppler.... Posted: March 19, 2019 at 10:35 AM | 134 comment(s)
  Beats: angels, hall of fame, mike trout, money

Friday, March 01, 2019

The Braves are rolling in money but aren’t spending it on baseball

The Atlanta Braves’ parent company, Liberty Media, released some financials today which show that the Braves are raking in cash, have seen profitability soar and have watched their debt go down. None of that is going into baseball, however. It’s going into real estate.

Via the Atlanta Journal-Constitution we learn:

*Braves’ revenue increased to $442 million in 2018. That’s up 14.5 percent from 2017 ($386 million) and is up 69 percent from 2016 ($262 million);
*$404 million of that revenue is from baseball; $38 million of is from real estate in The Battery development that surrounds the park;
*Operating income (i.e. profit) before interest and depreciation surged from $7 million 2017 to $94 million in 2018;
*Debt went down substantially in the final quarter of last year –from $626 million to $494 million — but Liberty says the Braves will take on more debt to fund the next phase of construction at The Battery; and
*As noted many times in this space, baseball payroll is actually lower now than it was last year.

Taking the phrase about people rooting for real estate far too literally….

QLE Posted: March 01, 2019 at 06:15 AM | 1 comment(s)
  Beats: braves, dollah dollah bills, y'all, money, real estate

Wednesday, February 20, 2019

Braves want you to get excited about ‘monetary yield’ and ‘glide slope’

Last week Braves president Terry McGuirk and general manager Alex Anthopoulos gave a sit-down interview with Jeff Schultz and David O’Brien of The Athletic. It did not go over well with Braves fans.

In the interview McGuirk and Anthopoulos walked back multiple past claims that the Braves would spend more money for the 2019 season and, as I detailed here, did so in a pretty condescending manner. It was difficult to take anything away from the interview other than the conclusion that (a) profit and cash flow are the team’s highest priorities; and (b) the team’s promises about what it plans to do in the future aren’t worth much. And it’s not just me saying that. McGuirk and Anthopoulos have been roasted by Braves fans, Atlanta talk radio and the Braves blogosphere since the interview went live.

No doubt aware of the blowback they created, last night McGuirk and Anthopoulos spoke to O’Brien once again. But unlike last time, they were not challenged substantively on any point. Indeed, the entire column reeks of McGuirk and Anthopoulos saying “HEY! We got a lot of bad press from our interview last week, so let’s try to fix it!” I am not exaggerating here. It’s as if O’Brien hit “record” when they began talking, hit “stop” when they stopped, transcribed the thing and published it with minimal additions.

Isn’t “glide slope” what Calvin used to do to get his toboggan to take flight?

 

QLE Posted: February 20, 2019 at 04:49 AM | 9 comment(s)
  Beats: alex anthopoulos, braves, money

Saturday, February 02, 2019

Blue Jays’ future spending brought into question by baseball’s revenue trends

The matter of how much the Toronto Blue Jays spend on their major league roster is a sour and complicated issue that has haunted the franchise for ages.

This is a big-market team with deep-pocketed owners and yet there have been times when the investment in payroll hasn’t seemed to be there — even when it would have been prudent to help get the club over the top, or at least into the race. There have also been moments when the desire for more spending has been a gripe of questionable merit borne from a failure to be realistic about the club’s chances.

This offseason, the Blue Jays have spent a total of $11.5 million on the quartet of Matt Shoemaker, Freddy Galvis, David Phelps, and Clayton Richard. Just over $4 million is coming off the books in what the Yankees and Dodgers are paying the Troy Tulowitzki-Russell Martin duo. Not exactly inspiring, but a little hard to complain about considering how far behind the Yankees, Red Sox, and even Rays they are. It’s difficult to see what a little more money would do to give the 2019 Blue Jays a shot.

A consideration of familiar issues, focused on our friends in the north.

QLE Posted: February 02, 2019 at 04:31 AM | 0 comment(s)
  Beats: blue jays, dollah dollah bills, y'all, money

 

 

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