Actually, by Biz of Baseball’s Maury Brown who frequently writes for Forbes. Today he totally eviscerates the story Forbes ran three days ago claiming that the Astros were the most profitable team in baseball this year and may be the most profitable ever. It’s a real work of art, so go read it and get hipped to a lot of the ins-and-outs of baseball finance that is oh-so-often overlooked in most reporting on such matters.
And while we’re at it: unless you see actual audited and certified books laid out by a team, don’t believe most of what they say about their own finances either. Most teams are run like family owned muffler shops. They don’t have to show their books to anyone and don’t and even when they talk about it, there is all kinds of silliness going on that distorts the real economic picture.
In other news, some advice to Forbes: have Maury write about baseball finances more, other people less.
ST. PETERSBURG, Fla. – Pitcher Jesus Luzardo became the second player in two days to beat the Miami Marlins in salary arbitration and was awarded $2.45 million.
Miami had argued for $2.1 million during a hearing Thursday before a panel of John Stout, Melinda Gordon and Richard Bloch.
AL batting champion Luis Arraez, an All-Star infielder acquired by the Marlins from Minnesota last month, was awarded a $6.1 million salary on Thursday rather than the team’s $5 million figure.
Luzardo, a 25-year-old left-hander, was 4-7 with a 3.32 ERA in 18 starts last year, striking out 120 and walking 35 in 100 1/3 innings. He is 13-18 with a 3.59 ERA in 45 starts and 16 relief appearances over four big league seasons.
Luzardo made $715,000 last season and was eligible for arbitration for the first time. He can become a free agent after the 2026 season.
Players have won two of three decisions this year, with about 20 more scheduled for hearings.
Seattle defeated Diego Castillo in the first decision this year on Wednesday, and the relief pitcher will get a raise to $2.95 million rather than his request of $3,225,000.
A decision is being held for Los Angeles Angels outfielder Hunter Renfroe, whose case was argued Monday.