Eric Fisher of Sports Business Journal reports that the single-A Dayton Dragons are being sold by current owner Mandalay Baseball to a company called Palisades Arcadia Baseball. That’s not a big deal. Minor league teams sell all the time. What is a big deal is the price: $40 million, which Fisher says is the highest price ever paid for a minor league team.
Now, the Dragons are not your run-of-the-mill minor league teams. As Fisher notes, they have the longest sellout streak in the history of U.S. sports. They set the record in 2011 with their 815th straight sellout. It’s still going strong. In May they sold out their 1,000th straight game. While only a Midwest League team, their ballpark holds over 8,000 fans, which means that they draw more than just about every minor league team at every level. Usually only one or two Triple-A teams do better in overall attendance.
But still: sellouts or not, they are just a single-A team that can only charge single-A prices for tickets, beer and big foam fingers. Making that $40 million price tag pretty darn incredible. To put it in perspective, the Steinbrenner family bought the Yankees for $8.7 million in the early 70s. Current Phillies’ ownership bought that team in 1980 for $30 million. Current Twins ownership bought the team in 1984 for $44 million. Major league franchise prices have gone through the roof, but it wasn’t too terribly long ago when the price the Dragons’ current owners are getting was what you might expect to pay for a big league club.
But, for as interesting as this news is, let’s not allow it to make us lose sight of a couple of immutable facts: (1) Baseball is Dying, You Guys; and (2) Minor League Sports aren’t Very Successful.
Buster Olney of ESPN reports that the Blue Jays have signed Steve Pearce to a two-year deal worth $12.5 million.
Pearce, 33 had some health issues in 2016, but he hit .288/.374/.492 across 302 plate appearances when he was on the field and he mashes lefties in particular. Pearce is versatile as well, logging time at first base, second base, right field, left field, and DH in 2016 while splitting time between the Rays and Orioles.
Last week Pirates infielder Jung Ho Kang was arrested in South Korea for driving under the influence of alcohol and leaving the scene of an accident. That’s bad, but it turns out that it’s nothing new. The Yonhapnews Agency reports that Kang has been arrested for DUI three times since 2009:
Gangnam Police Station in southern Seoul confirmed that it was Kang’s third DUI arrest, with the three strikes law resulting in the immediate revocation of his license. According to police, Kang had also been arrested for a DUI in August 2009 and May 2011. No personal injuries were reported in either case, though he’d caused property damage in the latter incident.
The report also notes that a companion of Kang initially claimed that he, and not Kang, was behind the wheel at the time of the accident which led to Kang’s arrest last week. It was later revealed by the car’s black box, however, that Kang was driving. So add in some obstruction of justice, whether it is charged or not, to the scene. Police are investigating that.
Between all of this and the fact that Kang is under investigation for an alleged sexual assault in Chicago this past season, a pretty ugly portrait of the Pirates’ infielder is beginning to reveal itself.