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.

Report: Hanley Ramirez “eyed” in federal and state investigation

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Former Red Sox first baseman Hanley Ramirez is reportedly being “eyed” in an ongoing federal and state investigation, per Michele McPhee of ABC News. McPhee did not elaborate on the exact nature of the investigation itself, but provided a few more details during an interview with 98.5 The Sports Hub on Friday:

“Obviously, I know absolutely nothing about sports or Hanley Ramirez’s stats, but what I do know is crime,” McPhee said. “And there has been some reports about a FaceTime phone call that was made between a man during a car stop. After that car stop, police recovered a significant amount of drugs. And during that car stop, the suspect claimed that one of the items found in the vehicle belonged to Hanley Ramirez and then FaceTimed [Ramirez] in front of police. And that car stop coordinated with the timing of his release from the Red Sox.”

McPhee further clarified that she thinks the suspect — who was reportedly transporting 435 grams of fentanyl and a “large amount” of crack cocaine — was tied to “a sweeping federal case involving a substantial ring that’s being operated out of Lawrence, Massachusetts.”

Ramirez, the Red Sox, and Major League Baseball have all denied knowledge of any current investigation. According to the Boston Globe’s Alex Speier, Red Sox VP of media relations Kevin Gregg insisted that Ramirez had been dropped from the team for baseball reasons alone and had not been made aware of an investigation at the time of his release.

“Hanley has no knowledge of any of the allegations contained in this media report and he is not aware of any investigation,” the infielder’s agent, Adam Katz, added Friday.

The 34-year-old Ramirez was designated for assignment on May 25 and became a free agent on June 1. Prior to his release, he batted .254/.313/.395 over 195 plate appearances, 302 shy of the 497-PA threshold he would have needed to cross in order to activate his vesting option for 2019. He’s still owed the remainder of his $22 million salary for 2018.