Frank McCourt bought the Los Angeles Dodgers for $430 million in 2004. Then he chopped his team up, poured kerosene all over it, torched it, and then peed on it while the flames rose higher and higher and he still realized a 500% appreciation of his asset in less than eight years.
Bernie Madoff was inventing investment returns from whole cloth and even he didn’t have the guts to do that. Would have been far too ridiculous. Meth dealers don’t get that kind of return. Maybe the cash doesn’t flow in as much as some owners would like, but they are all sitting on crazy-appreciating assets. Owning a baseball team is a license to print money, even if you haven’t a clue of what you’re doing.
So I guess what I’m saying is, the next time you hear the owner of a major league baseball team cry poor, the next time you hear an owner say that they can’t sign that player everyone likes, the next time you hear an owner say that the taxpayers need to give him a publicly-funded ballpark or else the world will end, please remember the $2.15 billion sale of the Los Angeles Dodgers and kindly call b.s. on that noise.
Jim Salisbury of CSN Philly reports that the Phillies are close to signing free agent reliever Joaquin Benoit. An announcement is expected before the winter meetings end on Thursday.
Benoit, 39, has quietly been among the better relievers in baseball over the past seven years. This past season with the Mariners and Blue Jays, the right-hander put up an aggregate 2.81 ERA with a 52/24 K/BB ratio in 48 innings. That included a 0.38 ERA in 23 2/3 innings after the Jays acquired him from the Mariners.
Benoit suffered a torn calf muscle during a benches-clearing brawl with the Yankees near the end of the regular season. He’s expected to be healthy for spring training.
The Phillies have now added three relievers this offseason with Benoit, Pat Neshek, and David Rollins.
ESPN’s Pedro Gomez provides a previously unreported detail of the new collective bargaining agreement, agreed to by the owners and the players’ union last week. Players’ meal money for road games is being reduced from $105 to $30 per day. Teams are providing pre- and post-game meals in the visitors’ clubhouse to offset some of the decrease in meal money.
Gomez quotes an unnamed player who said, “I doubt many guys know about the money going down, nor would they have agreed to it.” All of the players Gomez contacted said they were unaware of and unhappy about the change.
Clubhouse attendants are certainly unhappy about this change, too. As Gomez notes, the attendants previously provided food for visiting teams which earned them tips from the players.
EDIT: It’s worth clarifying that chefs are required in clubhouses now as part of the new CBA, so it’s not a complete loss for the players.