MLB is shocked SHOCKED to see sports gambling about to happen in New Jersey:
Four U.S. professional sports organizations, including the National Football League and Major League Baseball, sued to block sports wagering in New Jersey, saying it would raise doubts about the integrity of games … “Sports gambling in New Jersey would irreparably harm amateur and professional sports by fostering suspicion that individual plays and final scores of games may have been influenced by factors other than honest competition,” the leagues said in the complaint.
Meanwhile, a huge number of MLB teams continue to accept sponsorship from casinos, including Mohegan Sun, Harrah’s and others and gambling on baseball is widespread in Nevada casinos.
So what’s the objection? Pot not sweet enough for you, sports leagues?
Over the past several weeks we’ve heard a lot of news about teams furloughing front office and scouting staff, leveling pay cuts for those who remain and, most recently, ceasing stipends to minor league players and releasing them en masse. The message being sent, intentionally or otherwise, is that baseball teams are feeling the pinch.
The Kansas City Royals, however, are a different story.
Jon Heyman reported this afternoon that the Royals are paying their minor leaguers through August 31, which is when the minor league season would’ve ended, and unlike so many other teams, they are not releasing players either. Jeff Passan, meanwhile, reports that the Royals will not lay any team employees off or furlough anyone. “Nearly 150 employees will not take pay cuts,” he says, though “higher-level employees will take tiered cuts.” Passan adds that the organization intends to restore the lost pay due to those higher-level employees in the future when revenue ramps back up, making them whole.
While baseball finances are murky at best and opaque in most instances, most people agree that the Royals are one of the lower-revenue franchises in the game. They are also near the bottom as far as franchise value goes. Finally, they have the newest ownership group in all of baseball, which means that the group almost certainly has a lot of debt and very little if any equity in the franchise. Any way you slice it, cashflow is likely tighter in Kansas City than almost anywhere else.
Yet the Royals are paying minor leaguers and front office employees while a great number of other teams are not. What’s their excuse?