Recently, when Hank Steinbrenner and Randy Levine starting slamming teams who took revenue sharing and referring to it as “welfare,” I suggested that Bud Selig may take issue with the comments. John Henry — who has himself slammed revenue sharing — admitted today that, yes, Bud Selig does take issue. And does so quite expensively:
Red Sox principal owner John Henry, in an interview on The Big Show, said that he was fined $500,000 by Major League Baseball for comments that he made about the sport’s current financial system. In late-2009, Henry told the Boston Globe that “seven chronically uncompetitive teams, five of whom have had baseball’s highest operating profits,” had received over $1 billion in revenue sharing money.
Harsh? Sure. But Bud Selig’s job is to keep the labor peace and keep the PR machine running smoothly. And as it has been pointed out in the past, the biggest threats to labor peace tend not to come from the owners battling the players, but the big owners battling the small owners. The last thing he needs or wants is for owners to do public battle over the system to which they agreed top be bound.
And while I’m guessing Selig’s fine doesn’t take this into account, part of that half million has to be the chutzpah tax. As in, it takes an awful lot of chutzpah for owners of the teams whose revenue and value have multiplied exponentially under this system to speak out as if the system were robbing them blind.
The Texas Rangers have signed Josh Hamilton to a minor league contract with an invitation to spring training.
Not at all surprising. The Rangers released Hamilton last August, but that was simply to make some room on the 40-man roster. His season was already toast due to the surgery he underwent to repair lateral and meniscus cartilage in his left knee which had the added bonus of revealing that he had an ACL injury as well, which required reconstruction. At the time of his release both he and the Rangers made noises about him coming back on a minor league deal in 2017.
Hamilton turns 36 in May. The smart money has it that his big league career is over, but Hamilton would be silly to retire given that he is owed $30 million this coming season. That the Angels are paying $26.41 million of that makes it far less painful for the Rangers as well. If he can hit in the spring, hey, let him DH some and pay him low money. If not, no skin off of anyone’s nose. He can request a release on April 1 if he hasn’t made the big league roster.
Alex Rodriguez’s transition into retirement has featured a serious move into the business world. He has gone back to school, worked seriously on investments and has started his own corporation. Yes, he’s set for life after making more money than any baseball player in history, but even if his bank account wasn’t fat, you get the sense that he’d be OK given what we’ve seen of his work ethic and savvy in recent years.
He’s going to be getting another paycheck soon, though. For hosting a reality show featuring athletes who are not in as good a financial shape as A-Rod is:
Interesting. Hopefully, like so many other reality shows featuring the formerly rich and famous, this one is not exploitative. Not gonna hold my breath because that’s what that genre is all about, unfortunately, but here’s hoping A-Rod can help some folks with this.