Image (1) mariners%20logo.gif for post 4250

It’s hard not to turn a profit running a baseball team

26 Comments

Geoff Baker reports that the Mariners, despite many losses and low attendance, turned a profit last year: $5.86 million to be exact. And that they’ve been profitable just about every year since they moved into Safeco Field, save one year when profits were offset by a large investment in stadium improvements. All of this despite the fact — at times anyway — the Mariners have had pretty significant payrolls.

Two takeaways here: (1) it’s pretty hard not to turn a profit running a baseball team, it seems; and (2) it’s pretty nice when these numbers are reported.

With most teams we have no idea about how much money they’re making, but the Mariners are required to do some financial reporting as part of their stadium deal. With almost all other teams we are forced to take the representations of the owners at face value. And as history has shown us, baseball owners can and often do claim dramatic losses when it suits their purposes, even when those losses are pure fiction and/or the product of funny bookkeeping.

 

 

Report: Royals and Eric Hosmer have discussed a long-term contract extension

SAN DIEGO, CA - JULY 12:  Eric Hosmer #35 of the Kansas City Royals and the American League rounds the bases after hitting a home run against the National League in the 2nd inning of the 87th Annual MLB All-Star Game at PETCO Park on July 12, 2016 in San Diego, California.  (Photo by Denis Poroy/Getty Images)
Denis Poroy/Getty Images
10 Comments

Ken Rosenthal of FOX Sports reports that the Royals and first baseman Eric Hosmer have discussed a long-term contract extension. However, Hosmer also indicated that he will head into free agency if a deal is not consummated by Opening Day.

Hosmer, 27, avoided arbitration with the Royals last month, agreeing to a $12.25 million salary for the 2017 season. He is one of four key Royals players who can become a free agent after the season along with Mike Moustakas, Alcides Escobar, and Lorenzo Cain. If Hosmer does reach free agency, he would arguably be the top free agent first baseman.

Hosmer finished the past season hitting .266/.328/.433 with 25 home runs and 104 RBI while making his first All-Star team.

Yankees sign Jon Niese to a minor league deal

PHOENIX, AZ - AUGUST 17:  Jonathon Niese #49 of the New York Mets delivers a pitch during the first inning against the Arizona Diamondbacks at Chase Field on August 17, 2016 in Phoenix, Arizona.  (Photo by Jennifer Stewart/Getty Images)
Jennifer Stewart/Getty Images
2 Comments

Joel Sherman of the New York Post reports that the Yankees have signed pitcher Jon Niese to a minor league contract, pending a physical. Assuming the deal is finalized, Sherman notes that the Yankees will have Niese work as both a starter and a reliever in big league camp this spring.

According to Sherman, the Yankees were interested in lefty relievers Jerry Blevins and Boone Logan, but didn’t want to commit at their asking prices. They are looking for a lefty set-up man along with Tommy Lane.

Niese, 30, pitched for the Pirates and Mets last season, finishing with a 5.50 ERA and an 88/47 K/BB ratio over 121 innings.