Report: MLB sets new record for revenues at $10.3 billion in 2018 - MLB

Once again, Major League Baseball has set a new record for revenues at $10.3 billion for 2018, Maury Brown of Forbes reports. It’s the 16th consecutive year in which MLB has topped its previous record.

It’s not all sunshine and rainbows, however. As Brown notes, revenue growth was slower compared to previous years as a result of a decline in attendance, which also negatively impacted concessions and parking. Still, $10.3 billion is a pretty hefty sum.

Despite team owners largely making money hand over fist, we are once again twiddling our thumbs during baseball’s offseason as the free agent market has grinded to a halt, just like last year. On Twitter, Matt Winkelman of Phillies Minor Thoughts said, “It is January 7 and 6 teams have not signed a major league free agent, and 5 more teams have [spent] less than $10M. That is over a third of the sport just not participating in free agency.”

Along with that, there has been no progress made on addressing the issue of paying minor leaguers a livable wage. In fact, MLB lobbied extensively over the last handful of years in order for language in the Fair Labor Standards Act of 1938 to be amended, classifying minor leaguers as seasonal workers and thus depriving them of a minimum wage and overtime pay.

So, that’s where we’re at. There’s really no reason for these issues to persist, given record revenues, aside from avarice.

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CARSON CITY, Nev. — A bill introduced in the Nevada Legislature would give the Oakland Athletics up to $380 million for a potential 30,000 seat, $1.5 billion retractable roof stadium on the Las Vegas Strip.

The bulk of the public funding would come from $180 million in transferable tax credits from the state and $120 million in county bonds, which can vary based on interest rate returns. Clark County also would contribute $25 million in credit toward infrastructure costs.

The A’s have been looking for a home to replace Oakland Coliseum, where the team has played since arriving from Kansas City for the 1968 season. The team had sought to build a stadium in Fremont, San Jose and finally the Oakland waterfront, all ideas that never materialized.

The plan in the Nevada Legislature won’t directly raise taxes. It can move forward with a simply majority vote in the Senate and Assembly. Lawmakers have a little more than a week to consider the proposal before they adjourn June 5, though it could be voted on if a special session is called.

The Athletics have agreed to use land on the southern end of the Las Vegas Strip, where the Tropicana Las Vegas casino resort sits. Oakland Mayor Sheng Thao has said he is disappointed the team didn’t negotiate with Oakland as a “true partner.”

Las Vegas would be the fourth home for a franchise that started as the Philadelphia Athletics from 1901-54. It would become the smallest TV market in Major League Baseball and the smallest market to be home to three major professional sports franchises.

The team and Las Vegas are hoping to draw from the nearly 40 million tourists who visit the city annually to help fill the stadium. The 30,000-seat capacity would make it the smallest MLB stadium.

MLB Commissioner Rob Manfred said a vote on the Oakland Athletics’ prospective move to Las Vegas could take place when owners meet June 13-15 in New York.

The plan faces an uncertain path in the Nevada Legislature. Democratic leaders said financing bills, including for the A’s, may not go through if Republican Gov. Joe Lombardo vetoes the five budget bills, which he has threatened to do as many of his priorities have stalled or faded in the Democratic-controlled Legislature.

Under the bill, the Clark County Board of Commissioners would create a homelessness prevention and assistance fund along the stadium’s area in coordination with MLB and the Nevada Resort Association. There, they would manage funds for services, including emergency rental and utility assistance, job training, rehabilitation and counseling services for people experiencing or at risk of homelessness.

The lease agreement with the Las Vegas Stadium Authority would be up for renewal after 30 years.

Nevada’s legislative leadership is reviewing the proposal, Democratic state Assembly Speaker Steve Yeager said in a statement.

“No commitment will be made until we have both evaluated the official proposal and received input from interested parties, including impacted community members,” Yeager said.