What happens if a government defaults on stadium payments to a team?

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A lot of sports teams get payments from local governments to pay off stadium construction from diverted property taxes. The system is called tax increment financing – TIFs for short — and the decision of a government to offer that money to sports teams is based on the presumed rise in property tax revenues caused by the stadium being built. It’s a way for governments to claim that stadiums are paying for themselves, as the money wouldn’t have been coming in if the stadium hadn’t improved the overall area to begin with.

Except, often, that tax revenues don’t increase and the government just ends up paying for the stadium out of general tax dollars. By then, however, the stadium is built and people tend not to notice too much.

Neil deMause of Field of Schemes has a great post up today noting that, at least in Reno, Nevada, people are noticing. Indeed, there is at least some suggestion that the local government may just stop paying the Diamondbacks’ Triple-A affiliate for the new park out of general funds. deMause wonders what might happen if that actually were to occur.

It’s a great point about an often-overlooked side of public financing of sports facilities.

Didi Gregorius continues to be ridiculous

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Yankees shortstop Didi Gregorius had another fantastic night last night. He went 3-for-3, hitting a home run for the fourth game in a row, had an RBI single and reached base safely in all five of his plate appearances in New York’s 7-4 win over Minnesota.

For the year that gives Gregorius a line of .372/.470/.833, putting him atop the American League in average, slugging, OPS, and OPS+. He also leads the league in total bases (65) and RBI (29). He leads all of baseball in fWAR at 2.2, edging out Mike Trout despite the fact that Trout has played in two more games. He’s second behind Trout in homers with nine.

After last night’s game he insisted that he is not a home run hitter:

“I do have a lot of home runs, but it’s not like I am going out there to try to hit them . . . I’m not a power guy like Judge and Stanton, who hit 50 to 60 and up. Those are the guys who actually hit home runs. One year, let’s say, I hit five — then you ask me where that part went . . . if they go out, they go out. I’m just mostly trying to barrel it up and get a good swing . . . I try to hit line drives and if you check most of my home runs they were line drives,” he said. “It’s not like I am going up to hit deep fly balls.”

Given that he hit 25 homers last year and 20 the year before, he’s being a bit modest, even if he’s not likely to keep up this torrid pace. That modesty is not stopping some people from getting a bit carried away, of course:

 

We’ll forgive Bob for the hyperbole. Didi has been fun to watch.