Report: the Dodgers got a sweetheart deal limiting their revenue sharing liability

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UPDATE:  It seems this was not really news, despite Bloomberg’s reporting it as such.  Bill Shaikin of the Los Angeles Times reported this back in May.  We missed it then.  Apologies to the Times.

5:40 PMIf this report from John Helyar of Bloomberg is true, whoa, MLB is going to have A LOT of explaining to do to, well, every team that is not the Los Angeles Dodgers:

The Los Angeles Dodgers have shot out of bankruptcy and into the ranks of baseball’s biggest spenders, fueled partly by a secret agreement between former owner Frank McCourt and Major League Baseball that may limit the revenue the team is obliged to share with less prosperous clubs.

A settlement ending their 2011 battle in U.S. Bankruptcy Court gives the Dodgers’ new owners a chance to cap income subject to revenue-sharing from a proposed regional sports network at about $84 million a year, according to five people familiar with the confidential “special terms.”

The upshot: the Dodgers — based on assumptions about what their new TV deal will bring them — will be able to hold on to some $141 million a year that they would otherwise have to share with other clubs in the league. That’s because their new deal will bring in far, far more than $84 million a year. Indeed, its estimated that it’ll bring in $175 million to $225 million a year over the 20- year contract.

This would help in part to explain the massive sales price of the team, as the biggest financial hurdle a large market/revenue team faces is its revenue sharing obligations.

Major League Baseball Executive Vice President Rob Manfred pushes back against this, saying that the revenue sharing figures will be based on the actual TV revenue the Dodgers receive.  Which … seems like a direct contradiction of the whole story.  So, I’m not sure what’s going on here.  Bloomberg is obviously reporting, based on several sources, that there is a deal to cap revenue-sharing eligible TV money. Manfred’s words suggests that’s not the case.

Any help here, anyone?

Jose Altuve and Corey Kluber head list of Esurance MLB Award winners

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The 2017 MLB award season officially drew to a close on Friday with the Esurance MLB Awards, handed out to the best hitters, pitchers, front office members and moments in the 2017 season. Jose Altuve was crowned the Best Major Leaguer overall, beating out fellow finalists Giancarlo Stanton and Aaron Judge, while two-time Cy Young Award winner Corey Kluber took home honors as Best Pitcher.

Here’s the full list of winners:

  • Best Rookie: Aaron Judge
  • Best Defensive Player: Nolan Arenado
  • Personality of the Year: Adrian Beltre
  • Best Postseason Major Leaguer: Jose Altuve and Justin Verlander
  • Best Postseason Moment: Alex Bregman‘s 10th inning walk-off single in Game 5 of the World Series (video)
  • Best TV/Radio Call: Joe Buck and John Smoltz call Jose Altuve’s game-tying three-run blast in Game 5 of the World Series (video)
  • Best Play (Offense): Nolan Arenado completes the cycle with a walk-off homer (video)
  • Best Play (Defense): Austin Jackson‘s over-the-wall catch in the Red Sox’ bullpen (video)
  • Best Single-Game Performance: Anthony Rendon‘s six-hit, three-homer, 10-RBI game (video)
  • Best Player-Fan Interaction: Joey Votto gives Walter “Superbubz” Herbert a bat and jersey (video)
  • Best Fan Catch: Fan’s brother-in-law grabs Yasiel Puig home run ball and chucks it back on the field (video)
  • Best Manager: A.J. Hinch
  • Best Executive: Jeff Luhnow

No surprises here — the world champion Astros ran away with seven awards, including those for Best Manger and Executive and a dual award for Best Major Leaguer of the Postseason. Altuve added to an impressive run this offseason after earning a Silver Slugger, two Players Choice Awards, Hank Aaron Award and MVP Award for his outstanding work in 2017, while Yankees’ slugger Aaron Judge continued to be a lock for all AL rookie-based awards after locking down the Rookie of the Year title earlier this week.