Wait, baseball may not be dying, you guys

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Everyone tells me that baseball is dying, and then I go and read stuff like this from Maury Brown at Forbes:

Major League Baseball got some good news on the financial front ahead of their All-Star Game, when credit benchmark company Fitch Ratings reaffirmed baseball’s ‘A’ status on the league’s $500 million senior secured credit facility. Fitch also affirmed the ‘A’ rating on the outstanding $995.85 million term notes the league is carrying. They rate MLB as “stable”.

While fans have looked at declining television ratings for Major League Baseball at the national level, baseball continues to be a financial juggernaut, and Fitch honed in on that.

As Brown notes, all of the things people say about baseball — that the national ratings suck, that the demographics make the Republican Party membership look young, hip and vibrant and that the sport somehow no longer occupies a favored place in the national consciousness — the fundamentals of the sport are still strong. It’s profitable, its TV deals are lucrative and attendance continues to be strong.

This is probably one of those deals, we’ll be told sometime soon, where the numbers don’t tell us everything and that, really, in every way that matters, the sport is indeed doomed. Wait for it. You know it’ll come.

Tom Ricketts says the Cubs don’t have any more money

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Cubs owner Tom Ricketts met the media in Mesa, Arizona today and said a couple of things that were fun.

First, he addressed the controversy that arose earlier this month when emails of his father’s — family patriarch Joe Ricketts — were leaked, showing him forwarding and approvingly commenting on racist jokes. Ricketts apologized for those serving as a “distraction” for the Cubs which, OK. He also said “Those aren’t the values our family was raised with… I never heard my father say anything remotely racist.” If you choose to believe that a 77-year-old conservative guy who loves racist emails — who once spearheaded an anti-Obama ad campaign that required a “literate African-American” as its spokesman — hasn’t said racist stuff a-plenty, that’s between you and your credulity.

More relevant to the 2019 Cubs is this:

The Cubs aren’t in the same position as some other contenders in that (a) they don’t have a cheap payroll; and (b) are not obvious candidates for the big free agents like Harper or Machado, but I still find that comment pretty rich for an owner of one of baseball’s marquee franchises in a non-salary cap league. If nothing else, it’s an admission by Ricketts that he, like the other owners, consider the Luxury Tax to be a defacto salary cap.