Contracts may appear crazy, but teams’ revenue increases vastly outstrip player salary increases

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The majority of people weighing in on Miguel Cabrera’s new deal are going to exclaim how crazy it is and how baseball players are overpaid, but it’s probably worth remembering that since 2002, baseball player total salaries, as a share of new revenue, have declined from 56 percent to 40 percent. And that as average payroll has gone up by 58 percent in that time, team revenue has gone up by 122 percent.

That comes from Matt Swartz of The Hardball Times, who drops some Econ 101 on us about these things — with lots of graphs and data and stuff — concluding that, while eyes continue to pop every time a new contract is signed, baseball players are getting increasingly smaller pieces of the growing baseball revenue pie.

So, lament the “greedy” players all you want. But don’t forget to think about what the owners are making these days. And that’s without even picking up a bat or a glove.

Texas Rangers fire manager Jeff Banister

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The Texas Rangers just announced that they have fired Jeff Banister as the team’s manager. Bench coach Don Wakamatsu has been named interim manager for the remainder of 2018 season.

Banister was in the last year of his contract with the club, but there was an option for 2019. Rangers brass, obviously, has decided to go in a different direction following what will be the club’s worst finish in Banister’s tenure. At the moment the Rangers are 64-88 and are assured of last place in the AL West.

Banister was hired before the 2015 season and led the Rangers to first place finishes in each of his first two seasons. The club fell to a disappointing third place and a 78-84 record last season, however, and this season the descent has continued. Injuries and under achievement has been the order of the day for the past two years and, with the career of Adrian Beltre nearing its end and the Rangers having been passed up by the Astros as the class of the division, a rebuild is in the club’s future.

Banister ends his reign as the Rangers’ skipper with a record of 325-313.