Red Sox, Cubs get another week to work on Theo Epstein compensation

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Rather than intervene now, commisioner Bud Selig has opted to give the Red Sox and Cubs another week to come to an agreement on the compensation for Theo Epstein, who left Boston to become the Cubs’ president of baseball operation.

The commisioner’s office cited the preoccupation both teams have had with other matters in recent days. The Cubs fired Mike Quade on Wednesday and are now in the same boat with the Red Sox in looking for a new manager. Also, both teams had decisions to make on contract options prior to midnight Monday.

If another week goes by without an agreement, Selig will likely settle matters then.

Each owner will get at least $50 million in early 2018 from the sale of BAMTech

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Earlier this year Disney agreed to purchase the majority stake in BAMTech, the digital media company spun off from MLB Advanced Media. We know it as the source of the technology for MLB.tv and MLB.com, but it’s far more wide-ranging than that now. At present it powers streaming for MLB, HBO, NHL, WWE, and, eventually, will power Disney’s and ESPN’s upcoming streaming services.

The company was started by an investment from baseball’s 30 owners, so they’re getting a big payout as a result of the acquisition. Earlier this morning Jim Bowden dropped this regarding how much of that payout is in the offing in the short term:

That’s probably on the low end, actually. Some people I’ve spoken to who are familiar with the acquisition say the figure is more like $68 million in Q1 of 2018.

Good for the owners! It was a savvy, forward-thinking investment that, in the past, baseball owners might not have made. Bud Selig, Bob Bowman and others deserve credit for convincing the Jeff Lorias and Jerry Reinsdorfs of the world to think big and long term. It’s money out of the sky, raining down upon the owner of your baseball team for, basically, doing nothing.

Money which should be remembered when your buddy complains about a relief pitcher getting $6 million for only pitching 65 innings. Money which should be remembered when your team’s GM says that he has to cut back on payroll in the coming year.