Major League Baseball sets new revenue record: $10.7 billion

Getty Images

Forbes’ Maury Brown is reporting that, for the 17th year in a row, Major League Baseball has set a new revenue record, raking in $10.7 Billion in 2019. That’s up from $10.3 billion the year before.

What’s more, growth is poised to accelerate soon. Whereas revenue has increased relatively incrementally over the past couple of seasons, new television deals, including the national deal with Fox which goes up some 40% over the current deal, are going to begin kicking in soon, which should see things ramp up dramatically. The billion dollar deal with Nike — which put all the swooshes on the uniforms — also begins paying out in 2020. Other sponsorship deals — “The official [whatever] of Major League Baseball!” — remain significant sources of revenue increases as well.

Forbes notes that ticket revenue is holding steady despite an attendance decline, which means that the league is simply extracting more dollars per fan than they used to. Meanwhile, current player payroll for the league was $4.7 billion. This offseason is still ongoing so it’s too early to tell where things will end up in 2020, but in 2018, average player salaries declined for the first time in 14 years and this year’s qualifying offer — which is based on a subset of average salaries — went down as well.

In other news, Major League Baseball continues to press its plan to eliminate over 40 minor league teams while asking the remaining teams to help subsidize its operations.

Anthony Volpe, 21, wins Yankees’ starting shortstop job

Dave Nelson-USA TODAY Sp

TAMPA, Fla. — Anthony Volpe grew up watching Derek Jeter star at shortstop for the New York Yankees.

Now, the 21-year-old is getting the chance to be the Yankees’ opening day shortstop against the San Francisco Giants.

The team announced after a 6-2 win over Toronto in spring training that Volpe had won the spot. New York manager Aaron Boone called the kid into his office to deliver the news.

“My heart was beating pretty hard,” said Volpe, rated one of baseball’s best prospects. “Incredible. I’m just so excited. It’s hard for me to even put into words.”

Yankees general manager Brian Cashman, hitting coach Dillon Lawson and bench coach Carlos Mendoza were also present.

Volpe was able to share the news with his parents and other family members near the Yankees’ dugout and said it is something he will never forget.

“It was pretty emotional,” Volpe said. “It was just an unbelievable moment to share with them.”

Volpe, who grew up a Yankees fan, lived in Manhattan as a child before moving to New Jersey. Jeter was his favorite player.

“It’s very surreal,” Volpe said. “I’ve only ever been to games at Yankee Stadium and for the most part only watched him play there.”

Volpe is hitting .314 with three homers, five RBIs and a .417 on-base percentage in 17 Grapefruit League games. He has just 22 games of experience at Triple-A.

Spring training started with Volpe, Oswald Peraza and holdover Isiah Kiner-Falefa competing for the everyday shortstop job. Kiner-Falefa was shifted into a utility role midway through camp, and Peraza was optioned to Triple-A Scranton/Wilkes-Barre on Sunday evening.

“While certainly the performance was there, he killed it between the lines,” Boone said of Volpe. “All the other things that we’ve been hearing about showed up. There’s an energy he plays the game with, and an instinct that he has that is evident. He really checked every box that we could have had for him. Absolutely kicked the door in and earned his opportunity.”

Volpe arrived in Florida in December to work out at the Yankees’ minor league complex.

“He’s earned the right to take that spot, and we’re excited for him and excited for us,” Cashman said. “He just dominated all sides of the ball during February and March, and that bodes well obviously for him as we move forward.”

Volpe was selected out of high school with the 30th overall pick in the 2019 draft from Delbarton School in New Jersey. He passed up a college commitment to Vanderbilt to sign with the Yankees.

“It was a once-in-a-lifetime chance to get into the organization,” Volpe said. “This day, this feeling, this moment was kind of what I’ve worked my whole life for when I made that big decision.”

“Right now it’s crazy,” he added. “I don’t even know what lies ahead but Thursday I just want to go out and play, and have fun.”