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.

Jeurys Familia’s domestic violence suspension to be announced today

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Mike Puma of the New York Post reports that the announcement of Jeurys Familia‘s domestic violence suspension is expected some time today.

Familia was arrested in October following an incident at his home. Criminal charges were dropped in December. As we know, however, MLB’s domestic violence policy does not require criminal proceedings to be commenced, let alone completed, before the leveling of league punishment. MLB has been investigating the incident for the past several months.

Billy Witz of the New York Times reported Monday that the suspension is “almost certain” to be lighter than the 30-game suspension Aroldis Chapman received one year ago. However much time Familia misses, the Mets are expecting Addison Reed to fill in at closer until he returns.

2017 Preview: Los Angeles Angels of Anaheim

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Between now and Opening Day, HardballTalk will take a look at each of baseball’s 30 teams, asking the key questions, the not-so-key questions, and generally breaking down their chances for the 2017 season. Next up: The Los Angeles Angels of Anaheim. 

Let’s look first at the strengths. There’s Mike Trout, the undisputed best player in the game. That’s always a good start. I could bore you with a bunch of stats and historical comparisons here but we’re friends here and, let’s be honest, we don’t need or even want that. The guy is good, ’nuff said.

Indeed, I had an impulse to simply photoshop Trout’s head on this poster and be done with the entire Angels preview:

 

You could almost stop reading now and know what’s up in Anaheim this year.

But honestly, Trout isn’t the only strength here. The Angels have the best defensive shortstop in the league in Andrelton Simmons and a lot of other good defensive players as well, from Kole Calhoun in right, Cameron Maybin in left, Luis Valbuena at first (or wherever he’s slotted once he comes back from a hamstring injury) and Danny Espinosa at second. Their catching corps — Martin Maldonado and Carlos Perez — are solid too. When you lack team depth and have pitching challenges like the Angels do, not kicking the ball all over the field is a good thing. The Angels have kicked the ball a lot in recent years but they’ll be pretty good with the leather in 2017, and that can make up for a lot of faults.

But I ain’t gonna lie, there are a lot of faults here.

Garrett Richards is back from a UCL injury that sidelined him most of last season. He didn’t get Tommy John surgery — he went with stem cell treatment — so the recovery time is lower. Still, it seems like a lot of guys who go the rehab route end up going under the knife eventually anyway, so everyone will have their eye on the Angels’ ace as the season goes on.

Beyond Richards the rotation is suspect. Matt ShoemakerRicky NolascoTyler Skaggs — also coming back from injury — and Jesse Chavez do not, as a group, strike fear into anyone’s hearts. I guess the hope here is that Nolasco’s pitching after he came over from Minnesota is more indicative of what he can do than what he did earlier in the year. Or, for that matter, for the past three seasons. If Richards is healthy he’s an ace. The rest of these guys are basically average at best.

The pen has issues. Cam Bedrosian had a fantastic 2016, but it was definitely a huge step up for him and may have been an aberration. closer Huston Street did not have a fantastic 2016, is recovering from a strained lat now and it’s fair to ask whether he’s got what it takes to close in the bigs anymore. Even if that’s too pessimistic an assessment, he’s missed a lot of time this spring. Andrew Bailey, like Nolasco, pitched well after coming to Anaheim last summer but poorly before that, with the poorly looking more like his true level than the well. Otherwise Mike Scioscia has a lot of young arms but not a lot of particularly good ones. Look for his bullpen to feature a cast of thousands.

As for the lineup: Trout is Trout. Albert Pujols is recovering from yet another foot issue. He still has old man strength and can hit some dingers, but he’s a shell of his former self and it’s fair to ask how many lower body maladies a guy whose primary value is tied up in power can tolerate. Yunel Escobar, Kole Calhoun and C.J. Cron are useful and predictable, even if they’re not game-changers. The Angels were 10th in offense in the AL last year. It’s hard to see them making a big leap from that level this year, even if they’re not likely to be too much worse either.

Ultimately, there’s not enough pitching here and there’s not a scary enough secondary or tertiary offensive threat behind Trout to make the offense difficult to deal with. If you play the Angels you’ll score some runs and you can pitch to everyone who isn’t wearing the number 27. That’s not gonna cut it in the AL West this year.

Prediction: Fourth place, American League West.