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UPDATE: Astros deny Forbes report about team’s profit

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UPDATE: According to the Houston Chronicle, the Astros have issued the following statement denying the report from Forbes about the team’s record profit:

As MLB will confirm, the information reported in the Forbes article relating to the Astros’ revenues, the Astros’ media rights fee from CSN Houston, and CSN Houston’s per subscriber rate are all significantly inaccurate. As a result, the conclusion about the Astros’ operational profit is significantly inaccurate.

The Astros will continue to operate the team in a fiscally responsible manner that will make the City of Houston proud. We are very excited about our accomplishments and we remain steadfast in our commitment to this rebuilding process. We have established a basis of young talent on our MLB roster that will continue to improve. And our minor league system is now one of the best in MLB. As our young prospects develop, we will move them up to the Major League roster and increase our payroll to a level that will allow the Astros to compete for World Championships. The success of CSN Houston is a vital piece of that process and we continue to work toward establishing full distribution.

3:30 p.m. ET: Get a big TV contract while you’re slashing payroll in a monster rebuild that is past the “ugh, we can’t look” stage and into the “hey, moral victories are great!” stage and you’re gonna be profitable. But this is kinda nuts. From Forbes:

The Astros are on pace to rake in an estimated $99 million in operating income this season. That is nearly as much as the estimated operating income of the previous six World Series championship teams — combined.

I imagine some people will have a problem with this, arguing that Houston should up its payroll more, but really, I’m not sure why they should. They’re not a couple of highly-priced players away from contention. Why throw $20-30 million in the toilet unless it will do something meaningful on the field? They’re going to finish 30-40 games out of first place. Should they try to finish 20 games out? Will that really make fans any happier? Indeed, given the kinds of players that money would likely bring in — veterans who have used up their last chances to play for a winner — it would probably be more depressing than what the Astros have now. At least young unknowns can serve as a canvass on which fans can paint their hopes and dreams, even if that kind of painting tends to be somewhat unrealistic.

The Astros wouldn’t have such a low payroll now if their previous ownership hadn’t put off the hard work of rebuilding for so long. But this is where they are. If they are still cutting payroll and raking in profits when some additional expenditures could reasonably mean the difference between being in or out of the playoffs, fine, let’s go after them then.

Diamondbacks, A.J. Pollock avoid arbitration with two-year contract

Arizona Diamondbacks center fielder A.J. Pollock drives in two runs against the Cincinnati Reds during the eighth inning of a baseball game, Thursday, Aug. 20, 2015, in Cincinnati. (AP Photo/Gary Landers)
AP Photo/Gary Landers
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Steve Gilbert of MLB.com reports that the Diamondbacks and outfielder A.J. Pollock have avoided arbitration by agreeing to a two-year extension. The deal is worth $10.25 million, per ESPN’s Buster Olney.

Pollock was arbitration-eligible for the first time this winter. The 28-year-old requested $3.9 million and was offered $3.65 million by the Diamondbacks when figures were exchanged on January 15. It wasn’t much of a gap, but the two sides were ultimately able to find common ground on a multi-year deal. Pollock will still be under team control for one more year after this new deal expires.

Pollock is coming off a breakout 2015 where he batted .315/.367/.498 with 20 home runs, 76 RBI, and 39 stolen bases over 157 games. He ranked sixth among position players with 7.4 WAR (Wins Above Replacement), according to Baseball Reference.

Report: Blue Jays and Josh Donaldson agree to two-year, $29 million extension

Toronto Blue Jays' Josh Donaldson celebrates his two run home run against the Kansas City Royals during the third inning in Game 3 of baseball's American League Championship Series on Monday, Oct. 19, 2015, in Toronto. (AP Photo/Paul Sancya)
AP Photo/Paul Sancya
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The Blue Jays and 2015 American League Most Valuable Player Josh Donaldson have avoided arbitration by agreeing to a two-year, $29 million contract, reports Shi Davidi of Sportsnet.ca.

Donaldson was arbitration-eligible for the second time this winter. He filed for $11.8 million and was offered $11.35 million by the Blue Jays when figures were exchanged last month. It wasn’t a big gap, but since the Blue Jays are a “file and trial” team, they bring these cases to an arbitration hearing unless a multi-year deal can be worked out. As opposed to last winter, they were able to avoid a hearing this time around. Donaldson was originally a Super Two player, so he’ll still have one year of arbitration-eligibility once this two-year deal is completed.

The 30-year-old Donaldson is coming off a monster first season in Toronto where he batted .297/.371/.568 with 41 homers while leading the American League with 123 RBI.

Giants and Brandon Belt have an arbitration hearing scheduled for Wednesday

San Francisco Giants'  Brandon Belt reacts after being called out on strikes by home plate umpire Jim Joyce to end the top of the first inning against the Colorado Rockies in a baseball game Friday, Sept.. 4, 2015, in Denver. (AP Photo/David Zalubowski)
AP Photo/David Zalubowski
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Brandon Belt filed for $7.5 million and was offered $5.3 million by the Giants when arbitration figures were exchanged last month. That’s a pretty sizable gap. While there’s still a chance that an agreement will be worked out at the last minute, Henry Schulman of the San Francisco Chronicle reports that an arbitration hearing is scheduled for Wednesday.

The Giants haven’t gone to an arbitration hearing since 2004, when they lost to catcher A.J. Pierzynski. Schulman hears from one person involved that because of the gap between Belt and the Giants, there’s a real chance this will break that string and require a hearing.

Belt batted .280/.356/.478 with 18 home runs and 68 RBI over 137 games in 2015, but he dealt with concussion symptoms for the second straight season. An arbitration hearing could bring some unpleasant conversation to the surface.

Padres sign veteran utility player Skip Schumaker

Cincinnati Reds' Skip Schumaker is tagged out at home plate by San Francisco Giants' Buster Posey during the seventh inning of a baseball game Tuesday, Sept. 15, 2015, in San Francisco. (AP Photo/Ben Margot)
AP Photo/Ben Margot
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The Padres have inked veteran utility player Skip Schumaker to a minor league contract, per FOX Sports’ Ken Rosenthal.

Schumaker, who turned 36 last week, has spent the last two seasons with the Reds. He batted .242/.306/.336 with one home run and 21 RBI over 131 games last season while making starts between all three outfield spots and second base. Cincinnati cut ties with him in November after declining a $2.5 million club option for 2016.

While Schumaker had to settle for a non-guaranteed deal here, it would be no surprise to see him land a bench job with the Padres come Opening Day.