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Wednesday, November 06, 2019

Get ready for another cold offseason

It’s pretty early in the offseason. Teams can’t even sign free agents yet. But they are signaling to the public that, haha, no way do they plan to spend much money this winter.

First the Cardinals who, based on their far-from-impressive NLCS showing strike pretty much everyone as a club that, while good, needs to make some additions to take things to the next level. Will they be spending? From the Athletic:

The Cardinals have practically no financial flexibility, if history is a guide . . . The only way the Cardinals take on significant salary is to trade a major league player or two — and most of their highest-paid players are virtually unmovable — or convince the owners to spend well beyond what they have spent before . . . Does that seem in character for this team? I’ll answer that. No, it does not.

The team’s owner, Bill DeWitt Jr., was asked about that, couched in a question or two about the team’s real estate development, Ballpark Village, next to Busch Stadium. As we have chronicled in the past, teams are increasingly getting into the real estate business and such developments can be pretty massive cash cows for them. The question, though, is whether the real estate money is going to be used to subsidize spending on the baseball team or, rather, if the baseball team is primarily a promotional tool — maybe even a loss leader — for the real estate development.

Something to post now, then check back on in a few months’ time to see how accurate it was.

QLE Posted: November 06, 2019 at 12:51 AM | 27 comment(s)
  Beats: cardinals, dodgers, gerrit cole, hot stove, real estate

 

 

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