The Dodgers are gonna get big media money soon, but let’s not go crazy

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The answer to any question about a baseball team’s increased spending these days is “well, they have a new local TV deal in the offing, and that will bring big money.”  It’s why the Angels could easily afford C.J. Wilson and Albert Pujols in one offseason. It’s why the Phillies, despite a big payroll already, could afford to go big on Cole Hamels.  Local TV money is all the rage these days, so anyone getting a new infusion of it will be flying high.

But one definitely gets the sense that people are overstating this a bit. For one thing, it strikes me that there’s the possibility of a bubble situation here, with the “TV money is HUGE” mantra sounding an awful lot like the “Real estate only goes up!” mantra of a few years ago.  Maybe that’s just my gut talking, but it’s very possible that changes in the industry — direct-to-consumer broadcasting, a la carte cable channel pricing, online streaming — could alter the financial calculus one day soon.

Maybe that means revenues grow even bigger. Maybe it means they crater. Maybe it means they flatten out. Maybe it just shifts. But it has always been the case that the business model for broadcasting never stays static for five years, let alone the 20 years or more that some of these crazy TV deals are supposed to last.

Which brings us to the Dodgers, about whom Patrick Rishe of Forbes writes this today, putting the $271 million in new salary obligations in perspective:

Unquestionably, new ownership in L.A. is a big part of the increased willingness to spend on payroll over the last few months. But when Dodgers chairman Mark Walter said earlier this week that the team could still take on significant money, his inspiration not only stemmed from a combination of his deep pockets, Magic Johnson’s infectious passion for success, and Stan Kasten’s savvy baseball acumen.

Mr. Walter’s penchant for spending is also being fueled by the comfort of knowing that the Dodgers will soon see an explosive increase in their local/regional TV revenues when their current deal expires in 2013 that could reach as high as $8.5 billion over the next 20 years.

$8.5 billion?  That breaks down to $425 million a year in TV revenue. Which is multiple times higher than any other team out there, including that of the Angels, who signed a $3 billion TV deal. And it’s multiples higher than what experts have projected for some other popular teams with deals in the future like the Phillies and the Tigers.

That’s profoundly optimistic, and that’s before you figure in the fact that the Dodgers owners are probably already counting on that financial windfall to finance what still appears to be a massive overpay for the franchise itself, which they bought for around $2 billion. And, of course, before you figure in the possibility that the TV landscape may look very different in 2022 than it does in 2012 and that it may be totally unrecognizable in 2032.

None of which is to say that the Dodgers will go broke having to pay for Josh Beckett and Carl Crawford. I’m sure they can swing it.  It is the case, however, that there is no investment in recorded history that has been such a sure thing that one can responsibly talk about it as if it were a never-ending source of cash.

As such, to the extent there are people around major league baseball who are staking the entire financial future of the sport on the assumption that, eventually, every team is going to land a multi-billion dollar television deal, they had better not be the only ones with voices at the table.

And That Happened: Wednesday’s Scores and Highlights

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Here are the scores. Here are the highlights:

Nationals 8, Cubs 4: Stephen Strasburg struck out 13 Cubs in seven innings on a day when they had to cut Miguel Montero to head off clubhouse strife and had to meet Donald Trump. Opinions may vary as to which of those — the Ks, the strife or the Trump — was the worst part. Washington built a 5-0 lead after two innings and a 6-0 lead after three. Anthony Rendon, Matt Wieters and Daniel Murphy all homered for Washington. Trea Turner stole a base. Willson Contreras managed not to slam his teammates for it afterward, so I guess that’s progress. The Cubs have lost four of six and are back down to .500. Oh, and they lost Kris Bryant to an ankle sprain. That may actually be the worst thing about the day.

Pirates 6, Rays 2: Josh Bell homered, Jose Osuna doubled twice and drove in two runs and Elias Diaz added two hits and drove in two of his own. Bell’s homer tied a rookie record for the Pirates: he’s only the second Buccos rookie, after Ralph Kiner, to have 15 homers before the All-Star break. After the game he said this:

“It’s cool to be mentioned in the same sentence as a great like that,” Bell said. “So hopefully more to come. Just going to keep trucking along.”

It’s cool that he knows who Ralph Kiner is. But does he know who Jerry Seinfeld is?

Phillies 5, Mariners 4: Down 4-3 in the ninth, the Phillies rallied for two, coming via a home run from Tommy Joseph and an RBI single from Tyler Knapp. The M’s lose both games of the short, two-game series and have now lost four in a row. Every time they look like they’re about to right the ship, they seem to get blown off course.

Giants 5, Rockies 3: Jae-Gyun Hwang got called up just before he would’ve been able to opt out of his deal with San Francisco and head back to Korea where he could make some serious bank. But he debuted yesterday and wouldn’t you know it he hit a tie-breaking homer in the sixth inning. Welcome to the majors. After the game his teammates gave him a beer shower. He said “I was actually more surprised about how cold the beer was.” Welcome to America.

Yankees 12, White Sox 3: A good day for rookies making their big league debut, as Miguel Andujar — an infielder, playing DH last night — had three hits and drove in four. Aaron Judge, a grizzled old man by comparison, hit his 27th homer. Masahiro Tanaka allowed two runs over six as the Yankees romped.

Mets 8, Marlins 0: Steven Matz — an uninjured Mets starter — tossed seven shutout innings and Asdrubal Cabrera and Curtis Granderson each hit two-run homers. The Mets have 50 homers in June, the most in a calendar month by any team since 2006. They’re also 12-14 in June, so it takes more than homers I suppose.

Astros 11, Athletics 8: Josh Reddick and George Springer had three hits each and combined for five RBI. The A’s hit five homers with two from Khris Davis — who hits two homers all the dang time, it seems –and one each from Ryon Healy, Matt Olson and Jed Lowrie. The A’s also struck out 17 times so it takes more than homers I suppose.

Blue Jays 4, Orioles 0: Marcus Stroman pitched five-hit ball into the eighth inning and Jose Bautista and Justin Smoak homered. Bautista later knocked in a run on a fielder’s choice. Bautista has been hitting leadoff for a little over a week. He’s 11-for-29 with a couple of homers, six RBI and four walks. Not too shabby.

Twins 4, Red Sox 1: Rookie lefty Adalberto Mejia shut out the Sox for five and two-thirds innings and the Twins bullpen was steady. Max Kepler singled in a run and hit a two-run shot. That’s Mejia’s second scoreless start, having blanked the Indians for five innings a in his last outing. Those are two good offenses to be shutting out.

Indians 5, Rangers 3: Trevor Bauer outdueled Yu Darvish, allowing one run over six and a third to Darvish’s three runs — two earned — over six. All of the Indians runs came on RBI singles, two from Michael Brantley. Texas mounted a mini rally in the ninth off of Cody Allen via an Elvis Andrus homer and a Rougned Odor RBI single, but it was little, too late.

Royals 8, Tigers 2: Sal Perez and Alex Gordon each drove in three, Perez with a two-run homer and an RBI double, Gordon with a single, a double and a run scoring groundout. Mike Moustakas went deep as well, as part of a four-run fourth inning. Ian Kennedy allowed two runs over seven steady innings. Kansas City is only two and a half back in the Central.

Reds 4, Brewers 3: Down 2-1 in the third, Scooter Gennett hit a two-run homer to put the Reds ahead, but Travis Shaw tied it at three late in the game with a homer. Billy Hamilton helped manufacture the go-ahead run, however, leading off the bottom of the eighth with a walk, stealing second, stealing third and that scoring on Adam Duvall‘s infield single. That’s what speed do. Bad news for the Brewers, as they lost starter Chase Anderson to a strained oblique in the second inning.

Cardinals 4, Diamondbacks 3Adam Wainwright pitched into the seventh inning, allowing two runs, and Yadier Molina and Jedd Gyorko each drove in two. Trevor Rosenthal got the save, but it was rocky as he uncorked a couple of wild pitches and allowed a run. This a game after he allowed two runs and the Cards bullpen blew a late lead and the game. There’s always something to worry about in baseball, even if you win.

Angels 3, Dodgers 2: Down 2-0 in the eighth, Trayce Thompson homered and down 2-1 in the ninth Yasmani Grandal homered to tie things up for the Dodgers. Then, in the ninth, the dang wheels came off. Ben Revere reached on an error and then reached second base on a wild pitch by Pedro Baez. Baez bore down to strike out Cameron Maybin for the inning’s second out, but the ball got away from Grandal, Maybin sprinted for first and then Grandal threw the ball away, allowing Revere to score all the way from second. What a way to lose a game.

Padres 7, Braves 4: Luis Perdomo pitched five scoreless innings and Hunter Renfroe and Cory Spangenberg each knocked in two. Bartolo Colon came back off the DL and allowed six runs over four innings to lose it. Guys: his injury was not an oblique or whatever the Braves said it was. He was suffering from acute puncture wounds due to the giant fork stuck in his back and severe burns because the man is toast.

Kris Bryant exits game with sprained right ankle

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The Cubs had a scare on Wednesday night when third baseman Kris Bryant left with an apparent ankle injury. In the bottom of the fifth inning, Nationals catcher Matt Wieters hit a pop up that veered just into foul territory near the third base bag. Bryant caught it but his momentum took him back into fair territory. In doing so, he stepped awkwardly on the third base bag and appeared to twist his ankle. Bryant needed the assistance of manager Joe Maddon and the team trainer to get off the field.

Bryant was diagnosed with a mild ankle sprain, CSN Chicago’s Patrick Mooney reports.

Bryant was 2-for-3 on the night before departing and being replaced by Jeimer Candelario. He’s now hitting .264/.395/.520 with 16 home runs and 32 RBI in 329 plate appearances. Needless to say, the 39-39 Cubs would see their playoff odds hurt immensely if Bryant were to miss a significant amount of time.