Money Bag

Must-click link: how team owners are allowed to lie about their financial losses


This is a basketball item in its genesis, dealing with the New Jersey Nets’ financial documents and inspired by the NBA lockout, but it is relevant for baseball and all other sports as well.

Over at Deadspin, Tommy Craggs, using some older Nets docs, explains how team owners are allowed to list player salaries on their balance sheets twice, thereby dramatically inflating their on-paper financial losses. The little trick — thanks to a specious tax loophole argued for and obtained by Bill Veeck back in the day — allows them to cry poor when it’s time to do battle with the players’ unions at collective bargaining agreement time.

Well, the players unions know about this little tax loophole too, so it’s more about crying poor to the gullible media and gullible fans, but you get the idea.

The specifics here are quite instructive, but even if you don’t care about Craggs’ use of the specifics Nets’ documents, you should at least read the piece to understand that this sort of manipulation of the facts on the ground is a trick that sports owners have been using for years, be it in labor talks, threats to move or contract teams or in their efforts to obtain new stadiums and/or other incentives from local governments and tax payers.

You shouldn’t take anyone’s word about anything when money is involved, but boy howdy, be extra, extra dubious of anything the owner of a sports team tells you when he has his hand out.

Royals avoid arbitration with Tim Collins for $1.475 million

Tim Collins Getty
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Left-hander Tim Collins, who missed the entire 2015 season following Tommy John elbow surgery, will remain with the Royals after avoiding arbitration for a one-year, $1.475 million contract.

Collins was a non-tender candidate due to his injury and projected salary via arbitration, but the Royals are convinced he can bounce back to be a valuable part of the bullpen again in 2016 and beyond. He agreed to the same salary he made in 2015.

Prior to blowing out his elbow Collins posted a 3.54 ERA with 220 strikeouts in 211 innings from 2011-2014 and he’s still just 26 years old. He figures to begin 2016 in a middle relief role.

Joba Chamberlain signs with the Indians

Joba Chamberlain

When you think “Joba Chamberlain” and “Cleveland” you think of the then-Yankees phenom being attacked by midges in the 2007 ALDS. If you don’t remember that somehow, the video evidence is below.

But all of that changes now, as the Indians have just announced that they have signed Chamberlain to a minor league deal with an invitation to big league spring training. That’s no promise of a big league job, but the Indians did make at least one promise to him:


I can vouch for that. The Indians’ Triple-A team is in Columbus and we don’t have midges here.

Chamberlain split time with the Royals and the Tigers in 2015, posting a composite ERA of 4.88 in 36 games of mostly mopup work.

Mariners trying to trade Mark Trumbo by Wednesday

Mark Trumbo

Seattle making Mark Trumbo available has been known for a while now, but Bob Dutton of the Tacoma News Tribune reports that the Mariners are trying to trade the first baseman/outfielder before Wednesday.

That’s the deadline to tender 2016 contracts to arbitration eligible players and with Trumbo set to make around $9 million via that process the Mariners would rather move on before any decision needs to be made. In other words: They don’t want to be stuck with him.

Trumbo has elite power, averaging 30 homers per 160 games for his career, but that power comes with a .250 batting average, poor plate discipline and a .299 on-base percentage, and sub par defense. Mariners general manager Jerry Dipoto has already traded Trumbo once, dealing him to the Diamondbacks back when he was the Angels’ general manager, and now he’s working hard to part ways again.

Ken Rosenthal of reports that the Rockies are among the interested teams.

UPDATE: Red Sox sign outfielder Chris Young to a two-year, $13 million deal

Chris Young Getty

UPDATE: Ken Rosenthal reports that Young will receive a two-year, $13 million contract from the Red Sox.

Monday, 1:47 PM: Veteran outfielder Chris Young thrived in a platoon role for the Yankees this past season and now he’s headed to the rival Red Sox to fill a similar role, signing a multi-year deal with Boston according to Ken Rosenthal of

Young was once an everyday center fielder for the Diamondbacks, making the All-Star team in 2010 at age 26, but for the past 3-4 years he’s gotten 300-350 plate appearances in a part-time role facing mostly left-handed pitching. He hit .252 with 14 homers and a .773 OPS for the Yankees, but prior to that failed to top a .700 OPS in 2013 or 2014.

Given the Red Sox’s outfield depth–Mookie Betts, Rusney Castillo, Jackie Bradley Jr., and Brock Holt even with Hanley Ramirez back in the infield–Young is unlikely to work his way into everyday playing time at age 32, but he should get another 300 or so plate appearances while also providing a veteran fallback option. And it’s possible his arrival clears the way for a trade.