Jeffrey Loria

Remember: never believe a thing a team says about its finances

34 Comments

Dan Le Batard has a takedown of the Marlins which pretty much squares with my view of things too.  This passage piqued my interest, however:

The Marlins last offseason were like a gluttonous fat man at the all-you-can-eat buffet, stacking the plate with his eyes and appetite without regard to practicality or the oncoming food coma. The team overspent assuming we’d fill the ballpark, which we didn’t, and that meant losing about $40 million in that calamity of a season. Even though management didn’t have to serial-killer slash the payroll, there were going to have to be cuts, so the team decided to take a wrecking ball to the blueprint and just start again.

I’m not sure what the source is for that $40 million loss, but it is worth remembering as we enter free agent season that a baseball team’s claims of profit and/or loss are almost always pure science fiction when compared to the numbers that are reported for most other types of businesses.

Baseball accounting is profoundly opaque, and the only glimpses we ever see into the finances of a baseball team are either wither accidental or are partial-truths released by the team in order to further some specific end such as either proving or disputing that the owners are broke, depending on whichever story suits their purposes at the time.  And even then, we almost never get much above the bottom line number (Team X lost $Y last year). A number which tells us nothing about how much the ownership group extracted from the team above the line.

For example, we’ve learned in the last year that Jeff Loria at one time and may still pay himself an annual salary of some $10 million. And that there is a team “managing general partner” called Double Play Company which takes $8.5 million more. Oh, Double Play Company is owned by Loria and its president is Marlins team president David Samson.  Do other teams have that kind of setup? Don’t know! Because no one ever gets to see the finances of baseball teams! Indeed, teams and the league go to great lengths to avoid ever having to release their finances to the public, be it under pressure from politicians, in the course of litigation or anything else. They DO NOT want you to see the books, folks.

So call me crazy or call me paranoid, but I will never take a team’s statement about its profits or losses unless and until they show me the books to prove it. And that goes for the $40 million-losing Marlins too.

Red Sox analyst Remy struck by monitor as wind causes havoc

ramirez
AP Photo
Leave a comment

BOSTON — Red Sox TV analyst Jerry Remy was hit in the head by a falling TV monitor as swirling winds caused havoc during the first inning at Fenway Park.

Remy was sent home from Boston’s game Saturday night against the Minnesota Twins but is expected back Sunday. Former player Steve Lyons, also an analyst during some games, came in for Remy.

The strong winds made for an interesting first.

Minnesota’s Robbie Grossman hit a fly that appeared headed for center, but a gust blew it to right, sending right fielder Michael Martinez twisting as the ball fell for a triple.

There were a handful of stoppages as dirt and litter swirled around the field. Batters stepped out to wipe their eyes and Red Sox first baseman Hanley Ramirez headed to the dugout to have a trainer help him clear his left eye.

White Sox ace Chris Sale scratched for ‘clubhouse incident’

saleclose
Getty Images
16 Comments

CHICAGO — Chicago White Sox ace Chris Sale was scratched from his start against the Detroit Tigers on Saturday night after he was involved in what the team said was a “non-physical clubhouse incident.”

Sale, who was to attempt to become the majors’ first 15-game winner, was sent home from the park.

“The incident, which was non-physical in nature, currently is under further investigation by the club,” general manager Rick Hahn said in a statement. “The White Sox will have no additional comment until the investigation is completed.”

The White Sox clubhouse was open to reporters for only 20 minutes before it was closed for a team meeting before the game. Manager Robin Ventura did not discuss the incident later in his pregame availability.

Right-hander Matt Albers started in Sale’s place and the White Sox planned to use multiple relievers. The crowd booed when Albers was announced as the starter as the teams warmed up.

Sale had been shown as the starter on the scoreboard until about 15 minutes before the scheduled first pitch, which was delayed 10 minutes by rain.

With the White Sox fading from playoff contention, Sale’s name has been mentioned as a possible trade target for contending teams.

The left-hander, 14-3 with a 3.18 ERA, has been outspoken in the past.

Sale was openly critical of team president Ken Williams during spring training when he said the son of teammate Adam LaRoche would no longer be allowed in the clubhouse. LaRoche retired as a result, and Sale hung LaRoche’s jersey in his locker.

The 27-year-old Sale has said he’d like to stay in Chicago. He was the 13th overall pick out of Florida Gulf Coast in 2010 and has been selected as an All-Star five times. He started for the American League in this month’s All-Star Game.

Sale, who is 71-43 in his career, entered the day leading the majors with 133 innings pitched and three complete games.

In his last outing Monday, Sale allowed one hit over eight shutout innings before closer David Robertson gave up four runs in the ninth in Chicago’s loss to Seattle.

The White Sox, who started 23-10, had dropped eight of nine games before Saturday and sat in fourth place in the AL Central, creating speculation that Sale and fellow lefty Jose Quintana could be dealt.

Hahn said Thursday the White Sox were “mired in mediocrity” and hinted at possible big roster changes.

Tigers GM Al Avila said before the game that many teams were looking for starting pitching.

“Yet there are not as many good starting pitchers available,” Avila said. “And the guys that may come available are going to come at a steep price.