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

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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.

World Series Umpires Announced

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Major League Baseball just announced the umpires for the World Series.

The crew chief will be Gerry Davis. Davis was worked 136 career Postseason games, which are the most of any umpire in Major League Baseball history. This is his sixth World Series overall and third time as crew chief.

Joining Davis will be Phil Cuzzi, Laz Diaz, Dan Iassogna, Bill Miller, Paul Nauert and Mark Wegner. Wegner will serve as the replay official for Games One and Two, after which he will join the on-field crew as the left field umpire for Game Three. Cuzzi will be the Replay Official from Game Three through the conclusion of the World Series. Cuzzi will not be a field umpire for any of the games.

The breakdown: