Reds first-rounder Yasmani Grandal gets major league deal

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University of Miami catcher Yasmani Grandal, the 12th overall pick in this year’s draft, has signed a major league contract worth $2.99 million with the Reds.
Grandal was projected to go as high as fourth to Kansas City, but his contract demands had some teams wary and it appeared for a time as though he might drop into the latter stages of the first round.
The major league deal means he’ll go right on the 40-man roster. The Reds may say it’s a 2011 contract in order to avoid having him burn an option this year.
Grandal, one of the most polished players available in the draft, hit .401/.527/.721 with 15 homers in 222 at-bats for Miami last season. A switch-hitter, he’s expected to stay behind the plate and move quickly through the system. Maybe he won’t be ready to share time with Hanigan in 2012, but the Reds will be disappointed if he’s not a big part of their team in 2013.

Each owner will get at least $50 million in early 2018 from the sale of BAMTech

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Earlier this year Disney agreed to purchase the majority stake in BAMTech, the digital media company spun off from MLB Advanced Media. We know it as the source of the technology for MLB.tv and MLB.com, but it’s far more wide-ranging than that now. At present it powers streaming for MLB, HBO, NHL, WWE, and, eventually, will power Disney’s and ESPN’s upcoming streaming services.

The company was started by an investment from baseball’s 30 owners, so they’re getting a big payout as a result of the acquisition. Earlier this morning Jim Bowden dropped this regarding how much of that payout is in the offing in the short term:

That’s probably on the low end, actually. Some people I’ve spoken to who are familiar with the acquisition say the figure is more like $68 million in Q1 of 2018.

Good for the owners! It was a savvy, forward-thinking investment that, in the past, baseball owners might not have made. Bud Selig, Bob Bowman and others deserve credit for convincing the Jeff Lorias and Jerry Reinsdorfs of the world to think big and long term. It’s money out of the sky, raining down upon the owner of your baseball team for, basically, doing nothing.

Money which should be remembered when your buddy complains about a relief pitcher getting $6 million for only pitching 65 innings. Money which should be remembered when your team’s GM says that he has to cut back on payroll in the coming year.