If there’s any threat to the Dodgers’ ability to contend in 2017, it’s the size of their payroll. Bill Shaikin of the Los Angeles Times reports that the team spent approximately $1.181 billion in four years and needs to reduce their debt if they plan to comply with league rules. Shaikin adds that the debt is currently estimated to be in the “hundreds of millions.”
On average, the Dodgers have dumped an annual $295 million into player payroll dating back through 2013, when Guggenheim Baseball Management assumed control of the club. The expenditures were assumed to be a necessary part of the team’s efforts to stay competitive while remodeling their player development program. It’s this mentality that gives Dodgers’ ownership some comfort heading into the 2017 season. Via Shaikin:
So while the Dodgers would have to pay big in order to keep established stars such as third baseman Justin Turner and closer Kenley Jansen from signing elsewhere as free agents, the club says it otherwise is able to operate more efficiently because it has a minor league system that is churning out the young, relatively inexpensive talent necessary to sustain a perennial contender.
Retaining Turner and Jansen won’t come cheap, as the two figure to be in the top tier of free agents this offseason.
MLB debt service rules stipulate that a team cannot exceed “12 times annual revenue, minus expenses,” and all teams under new ownership must adhere to the guidelines within a five-year period. Any organization found in violation of the debt service rule can be subject to one of 16 disciplinary options, the most extreme requiring a suspension of ownership and management.
No details on how the Dodgers will reduce their mountain of debt have been released, but neither club ownership nor MLB commissioner Rob Manfred appears overly concerned about the team’s ability to compete for another NL West title while cutting their expenses.
I think the Dodgers will be in a position that they can comply with our expectations in terms of the debt service rule, without any dramatic alteration in the kind of product they have been putting on the field,” Manfred said.
ST. PETERSBURG, Fla. (AP) Baseball Commissioner Rob Manfred wants Tampa Bay to work a little quicker on getting the Rays a new ballpark.
Rays Principal Owner Stuart Sternberg has been working for nearly a decade to get a new stadium for the club and signed a three-year agreement with the City of St. Petersburg early in 2016 to search for a site in the Tampa Bay area. Manfred wants that search to pick up some steam.
“I think it’s fair to say we want the process to take on a better pace moving forward,” Manfred said Wednesday night at Tropicana Field, home of the Rays since their first season in 1998.
The Rays were averaging 15,815 fans per game before Wednesday night’s contest against the Toronto Blue Jays. That is just over half the major league average of 30,470. Tropicana Field and its location have been almost universally blamed as the reason for the poor attendance.
“I’ve been pretty clear that they need a new facility here, a major league quality facility in an A-plus location,” Manfred said. “It is time to move that decision to the front burner here in Tampa.”
The matter of how a stadium would be financed has been tabled until a site is determined, but Sternberg continued to express confidence in the Tampa Bay market.
“I’ve had the opportunity to bail on it many times over the years,” he said. “I won’t say this is a slam dunk, it’s certainly not. But I think we can do something that’ll at least double our attendance. That’s a lot to ask for.”
Manfred said Major League Baseball “doesn’t have a firm timetable” for what steps to take if the Rays fail to get an agreement to build a new stadium in the Tampa Bay area, but but added that “it is a topic of discussion in the industry, the lack of progress.”
More AP baseball: https://apnews.com/tag/MLBbaseball
Bad news for the Mariners this evening: Robinson Cano left Seattle’s game against the Atlanta Braves with tightness in his left hamstring.
Cano walked off the field after legging out a double — his second of the game — in the third inning. He pulled up as he approached second base and walked off the field, accompanied by a trainer. There was no immediate word on the severity of the injury. The Mariners have a day off Thursday before opening a series at the Yankees on Friday night, so they have some time to evaluate him.
Cano is hitting .277/.377/.460 with 19 homers and 78 RBI on the year.