Sticking with Forbes, we link for your pleasure its annual list of baseball franchise valuations. You’ll be shocked to learn that the continued uncertainty at backup catcher and fifth starter has not negatively impacted the value of the New York Yankees. They’re still number one. When you combine the team’s revenues with it’s interest in the YES Network and its Legends Management arm which manages the ballpark, the Yankees — as an overall enterprise, not just the team itself — are worth an astounding $5.1 billion. Yeah, I think they’ll be able to keep Sabathia if he opts out of his contract this fall.
But it’s not just the Yankees. Overall, the state of franchise valuation is strong:
The average MLB franchise is now worth $523 million, an all-time high and 7% more than last year. All of the league’s teams rose in value except for three: the New York Mets, San Diego Padres and Cleveland Indians. The increase in team values is the result of greater revenue for teams playing in new stadiums, like the New York Yankees (up 6% in value to $1.7 billion) and Minnesota Twins (up 21% to $491 million) as well as the Florida Marlins (up 13% to $360 million), who are scheduled to move into their new stadium in 2012.
And I would presume that the Mets valuation will slingshot back up if and when the team is sold to more solvent ownership.
People always wonder why someone would want to buy a Major League team given the big salary obligations and, for many teams anyway, the lowish annual revenues. The answer is appreciation of the asset which — in addition to being an ego-gratifying little jewel to own — happens to appreciate at a nice steady rate even during economic downturns.
Franchise appreciation and subsequent sale is where the real money is. Unless you’re in Cleveland and San Diego, anyway. And unless you have franchise crippling debt.
Rays pitcher Chris Archer doesn’t see himself joining Athletics catcher Bruce Maxwell‘s protest any time soon, Gabe Lacques of USA TODAY Sports reports. Archer said, “From the feedback that I’ve gotten from my teammates, I don’t think it would be the best thing to do for me, at this time. I agree with the message. I believe in equality.”
Archer continued, “I don’t want to offend anybody. No matter how you explain it or justify it, some people just can’t get past the military element of it and it’s not something I want to do, is ruffle my teammates’ feathers on my personal views that have nothing to do with baseball.”
Archer did express admiration for the way Maxwell handled his situation. The right-hander said, “The way he went about it was totally, I think, as respectful as possible, just letting everybody know that this doesn’t have anything to do with the military, first and foremost, noting that he has family members that are in the military. It’s a little bit tougher for baseball players to make that leap, but I think he was the right person to do it.”
Maxwell recently became the first baseball player to kneel as the national anthem was sung, a method of protest popularized by quarterback Colin Kaepernick. As Craig explained yesterday, baseball’s hierarchical culture has proven to be a strong deterrent for players to express their unpopular opinions. We can certainly see that in Archer’s justification. Archer was one of 62 African Americans on the Opening Day roster across 30 major league clubs (750 total players, 8.3%).
Last night the Trump Administration announced a new batch of restrictions on people traveling from foreign countries, following up on its previous travel ban on persons from six predominately Muslim countries. The latest restriction could potentially touch on Major League Baseball, however, as it includes Venezuela.
The restriction for Venezuela is far narrower than the others, only blocking visas for government officials on business or tourist travel from Venezuela. There has been considerable uncertainty about the scope and enforcement mechanisms for the previous travel ban, however, and the entire matter is pending before the U.S. Supreme Court. With that uncertainty, many around Major League Baseball have asked how and if the league or the union might respond to an order that, while seemingly not facially impacting baseball personnel or their families, could impact them in practice.
To that end, Major League Baseball issued a statement this afternoon, saying “MLB is aware of the travel ban that involves Venezuela and we have contacted the appropriate government officials to confirm that it will not have an effect on our players traveling to the U.S.” It is not clear whether it has, in fact, received such confirmation or if its an ongoing dialog or what.
Again: the ban shouldn’t impact baseball players or their families based on its terms. But based on what we saw with the enforcement of the previous one — and based the unexpected consequences many major leaguers faced when international travel restrictions were tightened following the 9/11 attacks — it’s only prudent for Major League Baseball to make such inquiries and get whatever assurances it can well in advance of next February when players from Venezuela will be coming back to the United States for spring training.