Financial documents show Pirates could spend more

16 Comments

The Associated Press published a round of documents late Sunday night that show the Pirates, on the verge of their 18th consecutive losing season, are still a highly profitable franchise and have been profitable for many years.

According to the documents, which are now on full display over at Deadspin, the Bucs made an income of nearly $29.4 million in 2007 and 2008 thanks to sources like revenue sharing, television packages, MLB merchandise and the MLB.com website. 

That’s not a major sum of money for most professional franchises and it shouldn’t be all that surprising, but the Pirates have operated on a very meager payroll for ages and it certainly appears that they could be spending more.

“The numbers indicate why people are suspecting they’re taking money
from baseball and keeping it — they don’t spend it on the players,” David Berri, president of the North American Association of Sports
Economists, told the Associated Press. “Teams have a choice. They can seek to
maximize winning, what the Yankees do, or you can be the Pirates and
make as much money as you can in your market. The Pirates aren’t trying
to win.”

The Pirates had baseball’s lowest Opening Day payroll this season — $34.9 million — and are at the very bottom of a bad National League Central division.  If anything, perhaps the revelation of these documents will put pressure on the Pittsburgh ownership to lock up young cornerstone players like Andrew McCutchen and Pedro Alvarez when it comes time for free agency.  Making owners cringe can be a good thing.

Steven Matz likely to start season on DL; Zack Wheeler to adhere to innings limit

Joe Robbins/Getty Images
2 Comments

Mets manager Terry Collins said on Wednesday, “It’s unlikely that [Steven Matz] will start the season with us.” The final spot in the Mets’ starting rotation will go to either Zack Wheeler or Seth Lugo, Newsday’s Marc Carig reports.

On Wheeler’s innings limit, assistant GM John Ricco said, “There’s going to be some number but we don’t exactly know what that is.” Wheeler missed the last two seasons after undergoing Tommy John surgery.

Neither Wheeler nor Lugo have had terrific springs as each carries a 5.11 and 5.56 Grapefruit League ERA, respectively. However, Carig notes that Wheeler has impressed simply by appearing healthy and brandishing a fastball that once again sits in the mid- to high-90’s. Lugo, meanwhile, proved crucial to the Mets last year, posting a 2.67 ERA across eight starts and nine relief appearances.

Rockies sign 30-year lease to stay in Coors Field

Bart Young/Getty Images
7 Comments

Nick Groke of the Denver Post reports that the Rockies agreed to a $200 million, 30-year lease with the Metropolitan Baseball Stadium District, which is the state division that owns Coors Field. As part of the deal, the Rockies will lease and develop a plot of land south of the stadium, which will cost the team $125 million for 99 years.

As Groke points out, had the Rockies not reached a deal by Thursday, March 30, the lease would have rolled over for five more years.

Rockies owner Dick Monfort issued a statement, saying, “We are proud that Coors Field will continue to be a vital part of a vibrant city, drawing fans from near and far and making our Colorado residents proud.”

The Rockies moved into Coors Field in 1995. It is the National League’s third oldest stadium. In that span of time, the Rockies have made the playoffs three times, the last coming in 2009 when they lost in the NLDS to the Phillies. The Rockies were swept in the 2007 World Series by the Red Sox.