Shocker: Jeffrey Loria is stiffing Miami on the profits of the Marlins sale

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Jeffrey Loria had an agreement with the Miami-Dade government. In exchange for them paying for most of the cost of the Marlins new stadium, Miami-Dade would get a cut of the profits if and when Loria sold the team. Pretty simple, right? Of course.

Loria bought the team for $158 million. He sold the team for $1.2 billion. That means he cleared over a billion bucks. Fine, take out some for legal fees and various other expenses, but it still means he cleared close to a billion bucks, right? And that Miami-Dade could therefore expect a little check representing their cut, right?

Wrong. Because this is Jeffrey Loria we’re talking about, and he wouldn’t give you a nickel to save your life. From the Miami Herald:

Jeffrey Loria’s lawyers have told Miami-Dade County not to expect any profit-sharing revenue from last year’s $1.2 billion sale of the Miami Marlins, according to two sources familiar with the talks . . . Loria’s accountants claim the sale amounted to a loss of $141 million.

The article explains, at least superficially, how Loria’s attorneys claim that a billion dollars in profit turned into a $141 million loss on the deal. I’m sure it’s the sort of thing the lawyers will argue with a straight face if and when Loria is sued by Miami — as he likely will be — but it’s laughable to suggest that Loria took a loss. It’s a shell game. It’s akin to the way Loria used to claim he was losing money running the team, but forgot to mention that part of those expenses were millions in management fees . . . paid to himself. It’s like when a movie studio makes a billion on a blockbuster but then refuses to pay the star points on his deal through the magic of creative accounting.

For as ridiculous as that all sounds, my sympathy for Miami-Dade only goes so far. Jeffrey Loria has been a cheapskate and a hustler since long before he came to Miami. It was idiocy at the time to give him half a billion for a stadium that allowed him to make a billion more, and the fact that it’s not coming to bite the taxpayers on the behind is about as surprising as the sun coming up over the Atlantic tomorrow.

We’ve been saying it for years, but we’ll say it again: never give the owner of a sports team a dime. For anything. Ever.

Yankees star Judge hits 62nd homer to break Maris’ AL record

New York Yankees v Texas Rangers - Game Two
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ARLINGTON, Texas – Aaron Judge hit his 62nd home run of the season Tuesday night, breaking Roger Maris’ American League record and setting what some fans consider baseball’s “clean” standard.

The 30-year-old Yankees slugger drove a 1-1 slider from Texas right-hander Jesus Tinoco into the first couple of rows of seats in left field when leading off the second game of New York’s day-night doubleheader.

Maris’ 61 for the Yankees in 1961 had been exceeded six times previously, but all were tainted by the stench of steroids. Mark McGwire hit 70 for the St. Louis Cardinals in 1998 and 65 the following year. Barry Bonds hit an MLB-record 73 for the San Francisco Giants in 2001, and the Chicago Cubs’ Sammy Sosa had 66, 65 and 63 during a four-season span starting in 1998.

McGwire admitted using banned steroids, while Bonds and Sosa denied knowingly using performing-enhancing drugs. Major League Baseball started testing with penalties for PEDs in 2004, and some fans – perhaps many – until now have considered Maris as holder of the legitimate record.

A Ruthian figure with a smile as outsized as his body, the 6-foot-7 Judge has rocked the major leagues with a series of deep drives that hearken to the sepia tone movie reels of his legendary pinstriped predecessors.

“He should be revered for being the actual single-season home run champ,” Roger Maris Jr. said Wednesday night after his father’s mark was matched by Judge. “I think baseball needs to look at the records and I think baseball should do something.”

Judge had homered only once in the past 13 games, and that was when he hit No. 61 last Wednesday in Toronto. The doubleheader nightcap in Texas was his 55th game in row played since Aug. 5.

After a single in five at-bats in the first game Tuesday, Judge was 3 for 17 with five walks and a hit by pitch since moving past the 60 home runs Babe Ruth hit in 1927, which had stood as the major league record for 34 years. Maris hit his 61st off Boston’s Tracy Stallard at old Yankee Stadium on Oct. 1, 1961.

Judge has a chance to become the first AL Triple Crown winner since Detroit’s Miguel Cabrera in 2012. He leads the AL with 131 RBIs and began the day trailing Minnesota’s Luis Arraez, who was hitting .315.

The home run in his first at-bat put him back to .311, where he had started the day before dropping a point in the opener.

Judge’s accomplishment will cause endless debate.

“To me, the holder of the record for home runs in a season is Roger Maris,” author George Will said earlier this month. “There’s no hint of suspicion that we’re seeing better baseball than better chemistry in the case of Judge. He’s clean. He’s not doing something that forces other players to jeopardize their health.”