Frank McCourt bought the Los Angeles Dodgers for $430 million in 2004. Then he chopped his team up, poured kerosene all over it, torched it, and then peed on it while the flames rose higher and higher and he still realized a 500% appreciation of his asset in less than eight years.
Bernie Madoff was inventing investment returns from whole cloth and even he didn’t have the guts to do that. Would have been far too ridiculous. Meth dealers don’t get that kind of return. Maybe the cash doesn’t flow in as much as some owners would like, but they are all sitting on crazy-appreciating assets. Owning a baseball team is a license to print money, even if you haven’t a clue of what you’re doing.
So I guess what I’m saying is, the next time you hear the owner of a major league baseball team cry poor, the next time you hear an owner say that they can’t sign that player everyone likes, the next time you hear an owner say that the taxpayers need to give him a publicly-funded ballpark or else the world will end, please remember the $2.15 billion sale of the Los Angeles Dodgers and kindly call b.s. on that noise.
The Mariners are in the midst of reconstructing their roster, a process which most recently resulted in the trade of first baseman/DH Edwin Encarnación to the Yankees, per a report from ESPN’s Jeff Passan. While the teams have yet to publicly confirm the deal, the Mariners are expected to receive pitching prospect Juan Then and will likely eat a significant portion of Encarnación’s salary as well.
Encarnación is a sizable get for the Yankees, who could benefit from the veteran’s power and consistency in their ongoing drive toward the postseason. The 36-year-old infielder missed some time with a bout of lower back tightness, dental issues, and soreness in his left hand, but has still maintained a decent .241/.356/.531 batting line with an AL-best 21 home runs, an .888 OPS, and 1.7 fWAR through his first 289 plate appearances of the year. Per Mark Feinsand of MLB.com, Encarnación has another $11-12 million left on his contract in 2019, with a $20 million option for the 2020 season and a $5 million buyout.
Then, 19, was acquired by the Yankees in a three-person trade with the Mariners during the 2017 offseason. The right-hander currently ranks no. 27 in the Yankees’ system and made his last pro ball appearance for New York’s rookie-level affiliate in 2018, pitching to a 2.70 ERA, 2.0 BB/9, and 7.6 SO/9 across 50 innings. It’s not clear if any other players are involved in the trade, though USA Today’s Bob Nightengale notes that no other prospects are thought to be included in the package for Encarnación.