Money Bag

The most valuable and most profitable teams in baseball are named/guessed at

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The annual Forbes franchise valuation article is out and, not surprisingly, the Yankees are considered the most valuable baseball team. They’re worth $2.5 billion, to be inexact. And, yes, while Forbes takes maybe the boldest stab at such things each year, pegging how much money closely-held businesses — many of them family businesses — which notoriously hide the ball as to financial matters make or lose this exercise is an inexact science.

With that caveat in mind, guess the most profitable. Give up? It’s the Cardinals, who an operating income of $65.2 million. I wouldn’t have guessed that given their market size and not-so-great TV deal, but there you go. More surprising: the Astros were second at $55.9 million. Which tells you what a low payroll will do for you. Indeed, going up and down the list of operating income and you see all manner of surprising things, actually. But then you have to remember that team owners do things like create management companies consisting of the owners and their families as a means of taking untold amounts of money from the club and putting it in their pockets, and you realize that these guys can make the numbers do anything they’d like.

Still, fun stuff. A nice snapshot, but not much more. There just isn’t enough data out there for anyone to check these numbers and the only people in a position to correct them — the owners themselves — wouldn’t dare reveal what they really make or lose.

President Obama Welcomes the Cubs to the White House

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As we noted last week, The Chicago Cubs took the unusual step of not waiting until the summer after winning the World Series to make their customary White House visit to meet the president. They did it today, seeing President Obama a few short days before he leaves office.

Despite the fact that Obama is a White Sox fan, he met the Cubs with diplomacy and grace. It’s almost as if he’s been in that business for the past eight years. In return, he was given some gifts by the Cubs: Theo Epstein presented Obama with a No. 44 Cubs jersey, a tile from the center field scoreboard at Wrigley Field, and a lifetime pass to Wrigley as well.

Obama is staying in D.C. after he leaves office this week, hanging around so his daughter can finish high school in the same place she started. Even so, he’s likely going to be back to Chicago a good bit over the rest of his life, so he’ll likely be able to put the free pass to work. Assuming it comes with, like, six companion passes for his Secret Service detail.

Royals sign Danny Duffy to a five-year, $65 million contract extension

KANSAS CITY, MO - SEPTEMBER 02:  Starting pitcher Danny Duffy #41 of the Kansas City Royals pitches during the game against the Detroit Tigers at Kauffman Stadium on September 2, 2016 in Kansas City, Missouri.  (Photo by Jamie Squire/Getty Images)
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The Kansas City Royals have signed starter Danny Duffy to a five-year, $65 million contract extension.

Duffy was arbitration eligible this offseason and would’ve been a free agent next winter if he hadn’t signed the deal. Given his stuff he might’ve made a mint as a free agent, but he’s also been inconsistent at times and any pitcher is an injury away from losing a payday, making this a nice, lucrative bet for the lefty.

Duffy, 28, posted a 3.51 ERA and a 188/42 K/BB ratio across 179.2 innings in 2016.