12/5 Money matters

Super agent Scott Boras held court outside the media room at the Winter Meetings on Wednesday, and touched on a variety of topics. Asked whether this was a unique offseason and the seemingly strong spending was indicative of a change in the market, he said:

“We’ve seen franchise values go from $700 to $800 million for premium markets to where they’re now worth $2.5 to maybe $4 billion. Owners have made in franchise valuation, $2 to $2.5 billion. We’ve also seen a record revenue stream come to baseball from two media sources, in the fact that we’ve got a new TV contract where each club is going to get $25 million more per team per year. And almost any club in baseball, before they sell a ticket, off the general fund, revenue sharing and others, even the bottom teams, they’re going to have well over $110 to $120 million to spend, add on their ticket, concessions and other values. It’s really kind of a baseline where everybody’s at $180 million and above to begin. You also have the value of regional media rights, which we’ve seen in L.A. and we’re going to see in other markets like Chicago.

“If you look at certain owners, you have to say the Ricketts family for example, they’re the Ameritrade family. Well, I see why. They bought something for $800 million that’s now worth probably $2.5 billion and they have a new TV contract to negotiate in 2014 off the basis of what’s going on in Los Angeles with a $6 billion TV rights deal. And Philadelphia which may be equivalent to that, and then following, Chicago. Many of these teams can be great economic goliaths, and their owners have made very wise decisions buying those teams in the early 2000s.”

– Carrie Muskat

 

5 Comments

Pingback: Scott Boras Says the Cubs Are Rich and Other Bullets | Bleacher Nation | Chicago Cubs News, Rumors, and Commentary

except we haven’t seen any improvement where it matters…… ON THE FIELD!!!!!

Is it just me or do the Cubs’ roster moves the last couple of years resemble those of the mid and late 70’s?

May be Eric, somewhat puzzling ala Hendry….BUT that is only what we are seeing on the major league roster. Although I believe Hosytein can do a better job at “buying time” other than acquiring waste of money players such as DeJesus and Stewart, the bigger picture that may prove much more important and bigger is what is being done in the minor league system. Something FAR DIFFERENT, MORE LOGICAL, MORE THOUGHTFUL AND BETTER than Hendry was known for. I don’t know about anybody else but I am ok with the very questionable major league moves so far because I think in a few years the true agenda will emerge, including the young players and big money free agents. All in time. Benefit of the doubt for at least a few more years.

Carlos Silva, Carlos Zambrano, Randy Wells and Neal Cotts. Oh, wait a minute…Hendry’s gone. HOW COULD I EVER FORGET THAT???

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 254 other followers

%d bloggers like this: