I don’t know about you, but as a Pittsburgh Pirates’ fan the recent leak of MLB financial statements represented absolutely zero new knowledge for me. Eighteen years of futility has been enough evidence to show that the Pirates don’t spend money and because of that the ownership group makes buckets of it. Please don’t tell me that you were surprised to hear that the Nuttings made a profit (a substantial profit) owning a Major League Baseball team…even one as pathetic as the Pirates. In baseball you get what you are willing to pay for. Pujols makes tons of money because he is the most feared hitter in baseball; Delwyn Young only gets 444K for a reason. The Yankees spent 206 million this season on payroll. The Pirates spent just under 35 and I am surprised they even spent that much.
David P. Samson, president of the Marlins, was pissed about the leak and is threatening legal action stating “It’s a crime.” What is the true crime is using the Anti-Trust exception that only MLB has in order to circumvent basic ideas of fairness and competition. In a capitalist country like America it goes against the Darwinian theories of a free market for the Pirates to be this bad, for this long, and still be profitable. It undermines Americans’ understanding of business when it is actually more profitable for the Pirates to be bad than it is for them to be good. By having the lowest payroll in baseball, abysmal attendance, and subpar revenue streams they get to inherit the wealth of the successful and profitable teams in baseball.
The Yankees have been accused of buying championships. But what people fail to realize is that it was not the 200+ million dollar payroll that were buying the championships, it is the revenue sharing that buys the championship. Teams that are bad are paid to stay bad. The Pirates ownership only makes money because they refuse to spend money and wait for the payoff from the larger teams. It naturally shrinks the competitive balance within the league.
I am not one of those people up in arms about the Pirates ownership making a profit. They are businessmen and without profit there is no baseball. They have a right to make a profit. But they do not have the right to lie to us and tell us that they intend to improve the prospects of the team when their financial decisions clearly make that impossible.
In regards to the AP finances story, Pirates’ president Frank Coonelly stated, “Even when we’re winning, we will be a revenue-sharing recipient.” It sounds like the Pirates have it all figured out.
1. Buy a team
2. Lose games
3. Alienate fans
4. Profit
Not a bad gig.
Thanks for coming and suckling Daddy’s Sugar Ball…
Bearcat