by Paul Semendinger
January 11, 2022
***
MLB made 10.8 billion dollars last year alone?
When I put that number into a calculator and divided it by 30 teams, it read, "The Yankees can well afford to spend way above the luxury tax thresholds."
(I think Steve Cohen knows this - that he can spend tons and tons of money and he'll still make tons and tons of money.)
But, who knows, maybe I'm wrong...
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Are these the revenues that are shared equally among all franchises, e.g., network TV contracts, MLB advanced media, etc? Do they include revenues from local media, regional sports networks, etc.?
" Major League Baseball has seen attendance drop nine straight seasons when taking 2020 out of the mix. Since the last increase (+1.97% from 2011 to 2012) league attendance has dropped -14%. yet revenue keep growing". My question is how much of that 10.8B came from gambling and their FTX sponsorship?
That's $360 million per team. I have no idea what it costs to run a baseball team in toto -- that is, beyond player salaries. I don't know how much a farm system costs, or the front office, or what kind of debt service or fixed costs there are. I agree that it seems likely teams could spend more on MLB payroll, but unless the owners actually open the books, we can't know for sure.
as if $10 billion is a lot of money or something