Bloomberg published valuations for all 30 Major League Baseball teams, finding that the average value of a team is at $1 billion, 35% higher than previous estimates. The Yankees and Dodgers led the way of course, valued at $3.3 and $2.1 billion, respectively. But eight other teams joined them in the billion-dollar club, including the Red Sox, Mets, Cubs, Giants, Orioles, Angels, Phillies, and Rangers.
Steve Dilbeck of the L.A. Times suggests that the recent sale of the Dodgers to the Magic Johnson group for $2 billion could be a big reason why teams have seen such an increase in value. Dilbeck quotes Matt Miller, the editor of Bloomberg Billionaires:
[…] the $2-billion Dodgers sale changed everything because it “really showed that you have to value all of the assets when it comes to the teams, you can’t just do revenue from ticket sales, concessions and stadium-type deals and merchandising. Really the driver of this is regional sports networks.”
On the topic of regional sports networks, the Bloomberg article points out that of the ten billion-dollar teams, the Phillies are the only team without a regional sports network. However, they are focusing on a new contract as their current one expires in 2015.
After 18 years, 12 winning seasons, seven postseason runs and three World Championships, Dave Righetti is no longer a pitching coach for the Giants. He was removed from his post on Saturday, when the team announced a few reassignments as they shake up their coaching staff. Heading into the 2018 season, Righetti will serve as special assistant to general manager Bobby Evans, former bullpen coach Mark Gardner will step into a similar special assistant role to “assist in pitching evaluations,” and former assistant hitting coach Steve Decker will take a special assistant role in baseball operations.
According to MLB.com’s Chris Haft, Righetti was the longest-tenured pitching coach in the big leagues. He helped shape the careers of notable Giants’ aces like Madison Bumgarner, Tim Lincecum and Matt Cain — all Cy Young contenders (and, in Lincecum’s case, a two-time winner) at various points in their careers. He was there to assist Ryan Vogelsong during his stunning mid-career comeback in San Francisco. He helped newcomers like Chris Stratton and Ty Blach flourish even as the team stumbled to the bottom of the division. He was there to take the credit when a sterling rotation clinched the Giants’ 56-year, drought-snapping championship title in 2010 — and, when things went so horribly south in 2017, he took the blame as well.
Hardly anything went right for the Giants’ pitching staff in 2017. Madison Bumgarner was shelved after sustaining a serious shoulder injury in a dirt bike accident, Johnny Cueto couldn’t shake a cluster of blisters on his right hand and Mark Melancon found it difficult to justify a $62 million paycheck after pitching through an arm injury to four blown losses/saves and a 4.50 ERA. It would be a lot for any pitching coach to stay on top of, and given the team’s rapid descent from 2016 postseason contenders to last-place finishers in 2017, it’s not surprising that Evans felt the need to switch things up.
Successors have yet to be named for Righetti, Gardner or Decker, though Murray hears that the Giants could have interest in former major league pitching coach Jim Hickey. NBC Bay Area’s Alex Pavlovic adds that Evans is searching for someone to “put a new voice” on the pitching staff and will likely target someone who, like Righetti, brings considerable experience to the role.