Our friend Nathaniel Rakich has shot us this report based on the latest FEC filings which show where baseball’s political action committee spends its money. And it’s a good bit of money: this year it has spend over $600,000 on campaigns, which is more than it ever has. Even more than in presidential election years.
Why does baseball spend so much money?
It has a stake in heavily regulated broadcast and cable matters, copyright and trademark issues, taxes, alcohol and drug-abuse education and emergency and disaster planning. From 1989 through June 2014, the commissioner’s office spent more than $3.2 million on lobbying.
Baseball, like a lot of corporate lobbying operations, is pragmatic, not ideological. It spends more on Republicans for House races and more on Democrats in Senate races. Basically, it’s giving money to those currently in power. When the political balance changes, so too will the donation patterns, one suspects.
Anyway, interesting reading if you’re into baseball, politics or the politics of baseball.
ST. LOUIS – Reliever Giovanny Gallegos and the St. Louis Cardinals agreed to a two-year, $11 million contract, a deal that includes a club option for 2025 and escalators that could make it worth $20.5 million over three seasons.
The 31-year-old right-hander is 3-5 with a 2.91 ERA and 14 saves in 20 chances this season. He has 72 strikeouts and 15 walks in 58 2/3 innings.
“I feel so happy,” Gallegos said before the Cardinals played the Pirates in Pittsburgh. “I don’t have the word for exactly how I’m feeling.”
He was obtained from the Yankees in July 2018 along with left-hander Chasen Shreve in the trade that sent first baseman Luke Voit to New York. Gallegos is 14-15 with a 3.02 ERA and 34 saves in six major league seasons.
Gallegos gets a $500,000 signing bonus and salaries of $4.5 million next year and $5.5 million in 2024. St. Louis has a $6.5 million team option for 2025 with a $500,000 buyout.
His 2025 option price can increase by up to $3.5 million for games finished in 2024: $500,000 each for 20-25 and 26-30 and 31-35, and $1 million apiece for 36-40 and 41 or more.
He would get $250,000 for winning the Rivera/Hoffman reliever of the year award, $50,000 for All-Star selection and World Series MVP and $25,000 for League Championship Series MVP.
Gallegos has a $2.41 million salary this year.
He was eligible for salary arbitration and is potentially eligible for free agency after the 2024 season.