From the L.A. Times, a story about the state of Mike Trout’s eventual crazy-riches. Current status: no discussions yet about any kind of long term deal for arguably the best player in baseball.
He’s making just north of the minimum now, as the Angels only have him a token bump from last year’s minimum salary. Which was their right, and it is their right to do so once again for 2014. It’s quite possible that the most overall production in baseball for 2012-2014 will be had by the Angels for less than the cost of Erik Bedard or someone like him. After that, though, it’s gonna be riches city for Trout, be it via arbitration, where he’ll likely make eight figures for all three years, or via a long term deal which buys out arbitration and some amount of his free agency.
For now, though, Trout is playing it cool, talking up his love of Anaheim while signaling that the future is unclear and he would consider planting roots elsewhere if he had to some day.
If I’m the Angels I pay through the nose now, while you can lock up the productive years while letting someone else worry about his age-30+ years. But then again, the Angels haven’t exactly been afraid of age-30+ years recently. For whatever that has been worth.
Even Drellich of The Athletic reports that the Boston Red Sox are cutting the pay of team employees. Those cuts, which began to be communicated last night, apply to all employees making $50,000 or more. They are tiered cuts, with people making $50-99,000 seeing salary cut by 20%, those making $100k-$499,000 seeing $25% cuts and those making $500,000 or more getting 30% cuts.
Drellich reported that a Red Sox employee told him that “people are livid” over the fact that those making $100K are being treated the same way as those making $500K. And, yes, that does seem to be a pretty wide spread for similar pay cuts. One would think that a team with as many analytically-oriented people on staff could perhaps break things down a bit more granularly.
Notable in all of this that the same folks who own the Red Sox — Fenway Sports Group — own Liverpool FC of the English Premier League, and that just last month Liverpool’s pay cut/employee furlough policies proved so unpopular that they led to a backlash and a subsequent reversal by the club. That came after intense criticism from Liverpool fan groups and local politicians. Sox owner John Henry must be confident that no such backlash will happen in Boston.
As we noted yesterday, The Kansas City Royals, who are not as financially successful as the Boston Red Sox, have not furloughed employees or cut pay as a result of baseball’s shutdown in the wake of the COVID-19 pandemic. Perhaps someone in Boston could call the Royals and ask them how they managed that.