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Friday, November 24, 2017

MLB Sets Record For Revenues In 2017, Increasing More Than $500 Million Since 2015

Major League Baseball continues to hit home runs on the business side. According to sources at the league, 2017 marks the 15th consecutive year MLB has seen record gross revenues, surpassing the $10 billion mark for the first time. By comparison, the league saw revenues approaching $9.5 billion at the end of the 2015 season.

Jim Furtado Posted: November 24, 2017 at 07:54 AM | 21 comment(s) Login to Bookmark
  Tags: economics

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   1. The Yankee Clapper Posted: November 24, 2017 at 01:00 PM (#5580728)
2017 marks the 15th consecutive year MLB has seen record gross revenues, surpassing the $10 billion mark for the first time.

MLB is awash in dough.
   2. You Know Nothing JT Snow (YR) Posted: November 24, 2017 at 04:11 PM (#5580809)
Sounds like we can scale back on some of that revenue sharing.
   3. ReggieThomasLives Posted: November 24, 2017 at 08:53 PM (#5580851)
Wow, nearly 3% annualized growth. MLB management clearly can’t do their jobs any better.
   4. John Reynard Posted: November 25, 2017 at 01:25 AM (#5580886)
For a mature business, 3% annualized growth consistently is really pretty decent except in a high inflation environment.
   5. Lest we forget Posted: November 25, 2017 at 04:24 AM (#5580892)
America's pastime.
   6. bfan Posted: November 25, 2017 at 08:33 AM (#5580909)
since it is doubtful there is any efficiency in labor produced, are we all okay with salaries going up by "only" 3%?
   7. The Yankee Clapper Posted: November 25, 2017 at 12:40 PM (#5580946)
Why do some folks act like the players' salaries are coming out of the fans 401(k) accounts? MLB is making big bucks, and before "profits" are even accounted for, most owners pay themselves, and every semi-employable family member, a very handsome salary that is carried on the books as an "expense". We are now on the third century of MLB owners claiming they are going broke because the players cost too much. They might be fibbing a bit, no?
   8. You Know Nothing JT Snow (YR) Posted: November 25, 2017 at 02:27 PM (#5580961)
One of the most curious, and entirely unsurprising things to come out of the Marlins sale was that their front office was among the highest paid in the league, despite the team itself wallowing in self-professed poverty and surviving on the largess of the rest of the league. The poormouth plutocrats really pulled the wool over the eyes of you rubes when they sent old folksy Honest Bud out there to cry about how those fat cats were living large while he and his pals and daughter were barely keeping the lights on.
   9. Greg K Posted: November 25, 2017 at 02:55 PM (#5580963)
The poormouth plutocrats really pulled the wool over the eyes of you rubes when they sent old folksy Honest Bud out there to cry about how those fat cats were living large while he and his pals and daughter were barely keeping the lights on.

Not really. The whole point of revenue sharing (and why it enjoys broad support) is to screw the Yankees. All that "struggling franchises, barely getting by" stuff is just a flimsy pretext whose sole purpose is to troll Yankees fans.
   10. Lars6788 Posted: November 25, 2017 at 03:24 PM (#5580968)
If there was nothing to micromanage as far as who is worth what, how much and who should be paid and how much should teams' budgets be, then people like writers would lose their jobs - folks would be forced to move out of their basements and do something else.

It's much more interesting to play with players' money because they are the ones playing a game -maybe to a point, it is too staggering to think about the real big money makers in a game.
   11. bookbook Posted: November 26, 2017 at 08:24 AM (#5581051)
#2: Perhaps the game is prospering because of revenue sharing,. Why would the news that the richest teams are making massive amounts of money make an argument for reducing revenue sharing?

#6: The players’ share of revenue has been steadily falling for a decade or more. Baseball has a soft cap, but essentially no minimum team payroll. The owners are getting more and more of the pie.
   12. RMc Has Bizarre Ideas to Fix Baseball Posted: November 26, 2017 at 08:40 AM (#5581053)
Ten billion dollar business is dying...film at 11.
   13. villageidiom Posted: November 26, 2017 at 08:56 AM (#5581056)
#2: Perhaps the game is prospering because of revenue sharing,. Why would the news that the richest teams are making massive amounts of money make an argument for reducing revenue sharing?
It's his schtick. The post-Thanksgiving price of fresh turkeys at the local grocery makes an argument for reducing revenue sharing. That cloud up there, no not that one, the one just to the left of it, makes an argument for reducing revenue sharing.
   14. You Know Nothing JT Snow (YR) Posted: November 26, 2017 at 09:06 AM (#5581057)
Free money today! Free money tomorrow! Free money forever!

I'm assuming you pumpkins spend your lives sponging off of relatives so you don't have to be self-sufficient. I hope you're more grateful than the Lorias of the world, he never even says thank you.
   15. Greg K Posted: November 26, 2017 at 09:14 AM (#5581060)
I'm assuming you pumpkins spend your lives sponging off of relatives so you don't have to be self-sufficient. I hope you're more grateful than the Lorias of the world, he never even says thank you.

But I'm not the one sponging off the Yankees. I just cheer the spongers on. I think the more accurate analogy for my position would be that I root for my brother when he sponges off my parents, and throw bile at my parents for keeping anything for themselves.

In other words, Thanksgiving dinner.
   16. You Know Nothing JT Snow (YR) Posted: November 26, 2017 at 09:18 AM (#5581061)
But I'm not the one sponging off the Yankees


Still, a man can dream.
   17. Greg K Posted: November 26, 2017 at 10:33 AM (#5581079)
Meh, money would be nice.

But the important thing is that the Yankees don't have it. I'd be happy with the Marlins folding and the revenue sharing money that hadpreviously gone to them being burnt in a giant bonfire before Opening Day each season.
   18. Pat Rapper's Delight (as quoted on MLB Network) Posted: November 27, 2017 at 12:43 PM (#5581475)
I'm assuming you pumpkins spend your lives sponging off of relatives

just like Young Masters Steinbrenner do.
   19. You Know Nothing JT Snow (YR) Posted: November 27, 2017 at 02:35 PM (#5581562)
What relatives are those?
   20. Khrushin it bro Posted: November 27, 2017 at 05:26 PM (#5581707)
Where are all of the Dodger fans whining about revenue sharing?
   21. BrianBrianson Posted: November 27, 2017 at 05:38 PM (#5581711)
For whatever reasons, Dodgers fans don't seem to suffer the delusion that the stadium would fill to watch the team practice.

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