#ASK THIS OLD HOUSE SEASON 16 EPISODE 15 FULL#
The bulk of this valuation comes from $705 million market value of future MLB-related cash flows, that is, how much is it actually worth to be able to bank nearly nine figures a season in revenue share dollars and national TV money? Meanwhile, the Pirates opened the season with an estimated MLB payroll of just $37.9 million, just 15 percent of anticipated revenue.Įven the recent extension of Ke’Bryan Hayes and nailing out cost certainty with Bryan Reynolds aren’t great indicators of the Pirates ploughing those record profits back into the team, since new rules in the CBA mandate that teams spend to certain thresholds of “new money” every year in order to qualify for their full share of revenue pool money. The Pittsburgh Post-Gazette released one of the most comprehensive studies of the guts of an MLB organization that you’ll ever read, concluding that, without factoring in capital appreciation, the Pirates routinely pocket eight figures a season while running out what could at best be described as a Quad-A roster.Īnd then of course three days after that story, we find out that the Pirates, the Pittsburgh Pirates, increased in value of the last twelve months, now estimated to be worth around $1.32 billion, or 33 percent more than the Kansas City Royals sold for just 28 months ago.
We could talk about each of these episodes in turn, but it’s more important to view them as different facets of the same problem the outright disdain that ownership has for its consumer.
#ASK THIS OLD HOUSE SEASON 16 EPISODE 15 PRO#
Bob Nutting continued to do Bob Nutting things, Phil Castelleni sub rosa threatened to move the Cincinnati Reds, and the New York Yankees are the most valuable team in North American pro sports, boosted by a ten-figure stake in hospitality that rivals the game’s richest regional sports network (RSN). Then three different stories came out this week that just re-iterated the case that, if MLB is indeed dying, it is at best the victim of negligent care by the very sources of capital that sustain it. The CBA got done, we have baseball, can someone please stop putting a microphone in front of Hal Steinbrenner?
Dick Monfort made a fool of himself during negotiations, and in general none of the 30 clubs did much to convince fans they were all that interested in providing a premium product. I think there was some hope, some small moment of optimism when the new collective agreement was ratified, that MLB owners would just be quiet for a while.