Rockies owner breaks down team’s budget

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Baseball owners are notoriously shy about discussing team finances, which makes this Denver Post article on Rockies owner Dick Monfort both odd and refreshing. From beat writer Troy Renck:

This past season, the Rockies ranked 24th in baseball in opening-day payroll, a figure Monfort calculated at $84 million — his accounting includes in-season call-ups and free-agent additions — which amounted to 49.4 percent of the team’s $170 million in revenue. Monfort framed those figures in context with his business model, saying it’s his rule of thumb to spend “50 percent of revenue on the players’ salaries.”

Monfort breaks down the local and national television contracts and opens up about his frustrations with the Rockies’ current roster makeup: “One of the things is that we have too many young kids.” It’s worth a read, even if you find yourself shaking your head at some of the stuff.