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.

Video: Kelby Tomlinson slides in for an inside-the-park home run

Kelby Tomlinson
AP Photo
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Giants second baseman Kelby Tomlinson looked more like Ladainian Tomlinson the way he was running during Saturday afternoon’s game against the Rockies. In the first inning with one out against starter Chris Rusin, Tomlinson hit a fly ball into the right-center field gap at AT&T Park, a great place to go if you’re in the mood for an inside-the-park home run.

Neither Carlos Gonzalez nor Chris Dickerson could corral the ball before it rolled all the way to the 421-foot marker at the fence. Tomlinson motored around the bases, but Gonzalez made a strong throw into cut-off man D.J. LeMahieu, and LeMahieu made a great throw in to catcher Tom Murphy, but Tomlinson slid in safely just ahead of the tag.

It was an exciting play and the hit proved important as the Giants eked out a 3-2 win against the Rockies.

Santiago Casilla’s 2016 option vests for $6.5 million

Santiago Casilla
AP Photo
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Giants closer Santiago Casilla got the final two outs of Saturday’s 3-2 win against the Rockies, earning his 38th save. More importantly for him, however, was that it was his 55th game finished of the season. As Alex Pavlovic of CSN Bay Area notes, Casilla’s 2016 option worth $6.5 million vested once the final out was recorded.

The Giants won’t complain, as Casilla has had a terrific year. The 35-year-old is now 38-for-44 in save situations with a 2.79 ERA and a 62/23 K/BB ratio in 58 innings.