Larry Granillo has an interesting item up over at Baseball Nation today: a look at the broadcast rights fees paid to teams in 1961. Those familiar with Larry’s work know that he’s great at finding old gems in old magazines and stuff, and his finding these rights fees — which he stumbled across in a March 1961 issue of Sponsor magazine — is one of his better finds.
The high end: the Yankees, who got a combined $900K for TV and radio. The low: the Senators, who got $300K. Adjusted for inflation that’s a tad over $7 million for the Yankees and a bit over $2.3 million for Washington. In contrast, the smallest TV rights deal today is probably the Royals who pull in around $20 million or so a year. Go read the article for the whole chart.
Of course, back in 1961 the teams didn’t have to pay their players much money as they were basically indentured servants thanks to the reserve clause, so the owners did just fine, thank you. They just got a lot more money from the turnstiles than they did from the rabbit ears.
The Padres announced on Sunday that the club signed pitcher Jordan Lyles to a one-year major league contract with a club option for 2019. According to Jon Heyman of FanRag Sports, Lyles will earn $750,000 in 2018. Pitcher Travis Wood was designated for assignment to create room on the 40-man roster for Lyles.
Lyles, 27, had miserable results between the Rockies and Padres last season, compiling an aggregate 7.75 ERA with a 55/22 K/BB ratio over 69 2/3 innings. While he specifically gave up 24 earned runs in 23 innings across five starts with the Padres, it was a small sample. A full season at the pitcher-friendly Petco Park, as opposed to Colorado’s Coors Field, might help revitalize his career.
Wood, 30, went to the Padres at the non-waiver trade deadline from the Royals this past season. Overall, the lefty posted an aggregate 6.80 ERA with a 65/45 K/BB ratio in 94 innings. He’ll earn $6.5 million this season and has an $8 million mutual option with a $1 million buyout for 2019. So, the Padres are just eating $7.5 million minus the league minimum, assuming Wood latches on elsewhere.