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

17 Comments

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.

Kris Bryant exits game with sprained right ankle

Ethan Miller/Getty Images
Leave a comment

The Cubs had a scare on Wednesday night when third baseman Kris Bryant left with an apparent ankle injury. In the bottom of the fifth inning, Nationals catcher Matt Wieters hit a pop up that veered just into foul territory near the third base bag. Bryant caught it but his momentum took him back into fair territory. In doing so, he stepped awkwardly on the third base bag and appeared to twist his ankle. Bryant needed the assistance of manager Joe Maddon and the team trainer to get off the field.

Bryant was diagnosed with a mild ankle sprain, CSN Chicago’s Patrick Mooney reports.

Bryant was 2-for-3 on the night before departing and being replaced by Jeimer Candelario. He’s now hitting .264/.395/.520 with 16 home runs and 32 RBI in 329 plate appearances. Needless to say, the 39-39 Cubs would see their playoff odds hurt immensely if Bryant were to miss a significant amount of time.

Miguel Sano will participate in the 2017 Home Run Derby

Stephen Brashear/Getty Images
Leave a comment

Hector Gomez reports Twins third baseman Miguel Sano will participate in the 2017 Home Run Derby, to be held in two weeks at Marlins Park in Miami. So far, Marlins outfielder Giancarlo Stanton is the only other confirmed participant.

Sano, 24, is having an outstanding season, batting .274/.375/.548 with 18 home runs and 53 RBI in 293 plate appearances. According to MLB’s Statcast, only Yankees outfielder Aaron Judge (96.7 MPH) has a higher average exit velocity than Sano (96.4 MPH).

Brian Dozier was the last member of the Twins to participate in the Home Run Derby. In 2014 at Target Field, Dozier failed to make it into the second round after hitting only two home runs. Justin Morneau is the only Twin to have ever won the Home Run Derby, as he beat Josh Hamilton 5-3 in the finals of the 2008 Derby at Yankee Stadium — although Hamilton out-homered him in total 35 to 22.