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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

 

 

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