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Sunday, December 24, 2017
Miami businessman Jorge Mas conveyed to me this month that if his Marlins offer had been accepted, he would have had a $130 million payroll in 2018, retained Giancarlo Stanton and hired a new general manager.
Instead, the Marlins intend to have a payroll of $90 million or less – a drop from $115 million last season and much lower than the $140 million it would have taken to keep the 2017 team together.
Merry Christmas!
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1. The Ghost of Logan Schafer Posted: December 28, 2017 at 12:21 AM (#5597972)I feel like this is a real missed opportunity for an amazing pun on Jorge Mas' name...
He invested about $25 million and will receive about $10 million per year in annual compensation.
Ashtray money. Armchairing is always dumb, but I'd imagine he requires public attention more than he or anyone else thinks. Some people also hate retiring.
Jeter made a lot of money while playing, but that $25 million is probably a significant percentage of his net worth. He is wealthy, but he needs to keep the cash flowing if he wants to live the lifestyle to which he has become accustomed.
MLB franchises don't really lose money in this day and age, so that's not an issue.
Mas’s plan was to more or less break even the first 3 years and attempt to build the fan base. With his debt level it would have been possible for the Marlins to break even with a $140 million payroll.
If Mas actually wanted to make Jeter look bad he could have lied that he was going to spend on a top free agent pitcher and say he planned to run at a loss short term.
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