Braves CEO: we’re not selling the team; and, oh, our TV deal is awful

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Braves fans were spoiled when Ted Turner owned the team. The games were broadcast all over the country and they spent on whatever they felt like it because Turner was simply mad. Mad, I say.  Ah, those were the days.

In recent years the team has been owned by Liberty Media Corporation. That has been the opposite of fun. There doesn’t seem to be a lot of emotional investment in the team by ownership. Surprising considering corporations are just like people and everything.

But more to the point, it’s because Liberty Media sets a budget, sticks with it and seemingly has no interest in the Braves doing anything more grand than keeping the corporate balance sheet tidy. Oh sure, I imagine they’d like to see the team win, but not if it meant that someone would have to go back and edit an Excel spreadsheet to make it happen. That would be dreadful. And it may distract from pressing matters in the film or news divisions, and that just wouldn’t do.

Anyway, the team’s Chairman and CEO Terry McGuirk sat for an interview with the Atlanta Journal-Constitution recently, and it doesn’t look as though the thrilling efficiency that is Atlanta BravesCorp will be changing any time soon:

The Braves have set a player payroll budget of $94 million for this year, leaving them with several million dollars still to spend, the team’s chairman and CEO said.

Terry McGuirk, in a wide-ranging interview with The Atlanta Journal-Constitution in his Turner Field office, also said team owner Liberty Media has expressed no intention of selling the club in the near future.

And on another significant note, McGuirk disclosed that the Braves are locked into 25-year local TV contracts that will prevent the franchise from cashing in on Major League Baseball’s trend toward dramatically higher telecast rights fees.

OK, fine. They have “several million more to spend.” But they seem to have no intention of spending it. And call me crazy, but I bet McGuirk gets a shiny star placed on his annual evaluation if he operates under budget. That’s how corporations work.

The TV thing is what kills me. We’ve seen a lot of teams make crazy-good TV deals recently that have allowed them to substantially increase payroll. The Rangers and Angels are just two which come to mind. Meanwhile, the Braves — owned by a media company which maybe should have seen the explosion in rights fees coming — are going to be locked into 2007 thinking for the next 20 years. Mercy.

Thank God it’s past noon now. I’ll be in the lounge for a few minutes.

RHP Fairbanks, Rays agree to 3-year, $12 million contract

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Dave Nelson/USA TODAY Sports
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ST. PETERSBURG, Fla. — Reliever Pete Fairbanks and the Tampa Bay Rays avoided arbitration when they agreed Friday to a three-year, $12 million contract that could be worth up to $24.6 million over four seasons.

The deal includes salaries of $3,666,666 this year and $3,666,667 in each of the next two seasons. The Rays have a $7 million option for 2026 with a $1 million buyout.

His 2024 and 2025 salaries could increase by $300,000 each based on games finished in the previous season: $150,000 each for 35 and 40.

Tampa Bay’s option price could increase by up to $6 million, including $4 million for appearances: $1 million each for 60 and 70 in 2025; $500,000 for 125 from 2023-25 and $1 million each for 135, 150 and 165 from 2023-25. The option price could increase by $2 million for games finished in 2025: $500,000 each for 25, 30, 35 and 40.

Fairbanks also has a $500,000 award bonus for winning the Hoffman/Rivera reliever of the year award and $200,000 for finishing second or third.

The 29-year-old right-hander is 11-10 with a 2.98 ERA and 15 saves in 111 appearances, with all but two of the outings coming out of the bullpen since being acquired by the Rays from the Texas Rangers in July 2019.

Fairbanks was 0-0 with a 1.13 ERA in 24 appearances last year after beginning the season on the 60-day injured list with a right lat strain.

Fairbanks made his 2022 debut on July 17 and tied for the team lead with eight saves despite being sidelined more than three months. In addition, he is 0-0 with a 3.60 ERA in 12 career postseason appearances, all with Tampa Bay.

He had asked for a raise from $714,400 to $1.9 million when proposed arbitration salaries were exchanged Jan. 13, and the Rays had offered for $1.5 million.

Fairbanks’ agreement was announced two days after left-hander Jeffrey Springs agreed to a $31 million, four-year contract with Tampa Bay that could be worth $65.75 million over five seasons.

Tampa Bay remains scheduled for hearings with right-handers Jason Adam and Ryan Thompson, left-hander Colin Poche, third baseman Yandy Diaz and outfielder Harold Ramirez.