This is not a surprise because we all know the Yankees are a friggin’ cash cow, but just saying that is one thing. Seeing the real numbers is a different deal altogether. Get this report from CNBC’s Darren Rovell:
A revised bond rating issued by Standard & Poor’s today provides an
in-depth look at the New York Yankees’ 2009 revenues and it reveals that
the champions grossed $397 million in ticket revenue, including $72
million on the postseason alone.
In other words, the Yankees’ postseason ticket revenue alone brought in enough money to cover the payroll for 12 Major League teams this year.
Rovell goes on to report that the Yankees are suspected to take in about $600 million. Even with a $200 million payroll, a luxury tax of $25 million and however much they pay in revenue sharing, they’re still able — if they choose to anyway — buy and sell more or less anyone they want.
That they have actually instituted something which approaches a budget in the past couple of years is fairly sobering. I mean, according to Rovell, the Yankees entire season-long ticket revenue was $52 million in 1997 and $157 million in 2005. Now that they’ve more than doubled that latter figure without raising the payroll that much, where is all that extra money going?
I have this image of a Bond villain or Cobra Commander-style island fortress being constructed somewhere. I have this image of the Yankees achieving nuclear capability before Iran does. I’d quote that “Minnie the Moocher” lyric about a diamond car and a platinum wheel again if I hand’t just done it yesterday.
We noted yesterday that in the rush to name the Cubs the saviors of Chicago sports fans everywhere, the 2005 Chicago White Sox — and the 1959 White Sox for that matter — are being completely overlooked as World Series champs and pennant winners, respectively.
That continued last night, as first ESPN and then the Washington Post erased the Chisox out of existence in the name of pushing their Cubs-driven narrative. I mean, get a load of this graphic:
Was there no one at the world’s largest sports network — not an anchor, production assistant, researcher, intern or even a dang janitor who could tell them what was wrong with this? Guess not!
Meanwhile, the normally reliable Barry Svrluga gives the Cubs the 2004 Red Sox treatment as a group of players who will never have to buy a drink in their city again. His story is better about keeping it franchise-centric as opposed to making it a city-wide thing, but whoever is responsible for the tweet promoting the story makes a Cubs World Series a unique thing for not just Cubs fans, but Chicago as a whole:
The White Sox play in the AL Central so I assume their fans have no love at all for the Cleveland Indians. But I can’t help but think a good number of them are rooting for the Tribe simply to push back against the complete whitewashing of the White Sox.
This is happening, people.
Earlier we heard Joe Maddon being non-committal about Kyle Schwarber joining the Cubs for the World Series. Now it seems pretty clear that the Cubs are committal indeed: Jon Morosi reports that Schwarber is en route to Cleveland from Arizona on a private jet and that he’s expected to DH in Game 1 tomorrow night.
Schwarber hasn’t played in a game that counted since April 7. His potent bat is could be a windfall for a Cubs team that didn’t have a game-changing option at DH in the American League park.
Schwarber lost the whole season due to a knee injury, but he hit .246/.355/.487 with 16 homers and 43 RBI in 69 games as a rookie in 2015. His big coming out party was in the playoffs, however, when he hit three homers in five postseason games while going 7-for-13 with two walks in five games.