MLB investigating leak of financial documents

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In news that should come with little surprise, Major League Baseball is quite upset about Monday’s leaking of the financial documents of various teams and is looking for the source that gave up the information. 

As noted by Richard Sandomir of the New York Times, access to teams’ financial records is usually limited to the MLB commissioner’s office, Bank of America, JPMorgan Chase, and accounting firms Ernst & Young and PricewaterhouseCoopers.  All five of those outlets will be investigated thoroughly.

Pirates principal owner Bob Nutting, who was found to have scored major profits in the midst of losing seasons, has not spoken up about the matter.  But Marlins president David Samson has, calling the leak a “a breach of fiduciary obligation and duty by the leaking party” on ESPN.com.

Even if Pirates fans are treating the whole mess with apathy, this isn’t over.

There is a “one million percent” chance Aroldis Champan will opt-out of his deal

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Ken Rosenthal of The Athletic reports that there is a “one million percent” chance Yankees closer Aroldis Chapman will opt out once the season ends.

Just going by the math this makes perfect sense, of course.

Chapman signed a five-year, $86 million deal with the Yankees before the 2017 season. Pursuant to the terms of the deal he’ll make $15 million a year in 2020 and 2021 (he was given an $11 million signing bonus that was finished being paid out last year). This past season the qualifying offer was $17.9 million. Craig Kimbrel of the Cubs just signed a deal that will pay him $16 million in 2020, 2021, and 2022 (he’s making a prorated $16 million this year). Other top closer salaries at the moment include Kenley Jansen ($19,333,334); and Wade Davis ($18 million).

It’s fair to say that Chapman fits into that group and, I think it’s safe to say, more teams would take him than those guys if they were all freely available. As such, Chapman opting out to get more money makes all kinds of sense. Heck, opting out, getting slapped with a qualifying offer, accepting it and then hitting the market unencumbered after the 2020 season would stand him in better financial stead than if he didn’t opt-out in the first place.

The question is whether the Yankees will let it get that far or whether they’ll approach him to renegotiate the final couple of years on the deal or to add some years onto the back of it. If they’re smart they will.