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Showing posts with label Money/Payroll. Show all posts
Showing posts with label Money/Payroll. Show all posts

Wednesday, June 6, 2012

Yanks Blame StubHub For Attendance Drop

From Josh Kosman:
Yankee Stadium attendance is down 3.6 percent so far this year — greater than the 3 percent drop last season — and the team is blaming StubHub for its gate woes.

“We believe there are serious issues with the StubHub relationship,” team president Randy Levine told The Post yesterday. “We are actively reviewing more fan-friendly alternatives for next year.”

The Bronx Bombers and other Major League Baseball teams have bellyached about StubHub for a couple of years — as more fans turn to the low-priced online reseller for tickets instead of buying directly from the team.

The Yanks and other teams claim tickets are priced too low on StubHub.

...

Compared with last season’s total average attendance, the Yanks’ 25-game average is off 9 percent.

Overall, MLB attendance is up 7 percent. Much of that is due to the Miami Marlins moving into a new stadium.

Plus, the Yanks had been the first or second best-selling MLB team through their first three seasons in the new stadium. This year they are only the fifth best-selling team.
To me, having plenty of affordable tickets is as "fan-friendly" as it gets, but I guess "fan-friendly" was a euphemism for something else.

The Yankees shouldn't blame StubHub for their problems drawing fans and then take it out on those fans by ridding the market of those affordable tickets. There are reasons the fans no longer want to go to games, but StubHub is not one of them. Maybe knocking down a piece of American history to put up a billion-and-a-half dollar knock-off wasn't necessary. Maybe steadily pricing the average fan out of most of the good seats was also mistake. And maybe combining those things with a new penny-pinching approach to free agency was the worst move of all, if of course selling tickets was the goal.

Saturday, March 10, 2012

Resigning Cano and Granderson Remains Part of Yanks Plans

From Jon Heyman:
Seeking to diffuse any notion that the Yankees won't be able to retain their buggest stars and perhaps suffer a major talent deficit in 2014 when a payroll cut is planned, team president Randy Levine said, "The plan contemplates (Robinson) Cano, (Curtis) Gransderson and a full championship team.''

The Yankees have said they plan to decrease their payroll from the low $200 millions to below $189 million to get below the luxury-tax threshhold for 2012, thus significantly reducing their tax rate in future years and saving themselces tens of millions. With that in mind, some folks are starting to do their own little math and wondering how many stars can be retained considering the Yankees will still have three $20-million-plus per-year players (Alex Rodriguez, Mark Teixeira and CC Sabathia) on gthe payroll in 2014, leaving themselves about $120 million to fill out the other 22 spots on the team.

With the contracts of Cano and Granderson up after 2013, folks specifically have wondered how the Yankees will squeeze those two big stars onto their payroll. But Yankees people remain confident publicly they can do that and remain a contender.

"We'll have a great team either way,'' GM Brian Cashman said. "At $189 million, we should,''

The Yankees say they will not entertain the idea of going above the $189-million threshhold and are committed to getting below that figure. "The new Basic Agreement has changed the landscape,'' Cashman said. "From a business perspective, we have no choice. Do you want to go over $1 million at the expense of an additional $50 million? We're going to be at or below that ($189 million) number. We will certainly find a way to do it.''
Personally, I have no idea how it'll be possible to retain those two and have a good roster around them. I guess we'll just have to take their word for it for now.

Thursday, March 1, 2012

Hal: $189 Million is the Target

From Wallace Matthews:
Hal Steinbrenner got accosted on his way to the elevator by the Yankees' beat crew, and confirmed what GM Brian Cashman has been saying all winter:

The Yankees are in the process of "streamlining'' the payroll, and the magic number is $189 million, which will be the new luxury-tax threshold for the 2014 season as established by the recently ratified CBA.

"I'm looking at is as a goal," Steinbrenner said, "and my goals are normally considered a requirement.''
The only good that can come out of this, besides the Steinbrenner family saving some extra dough, is that fans around the country might slow down a bit with the whole "the Yankees buy their championships" thing. That said, I never cared about those fans or their opinions in the first place.

Thursday, December 29, 2011

Harper on A-Rod's Terrible Terrible Contract

From John Harper:
In case you’d forgotten, A-Rod still has six years remaining on his contract, which means he’ll turn 42 in July of the final year of his deal, 2017, at which point he’ll still earn $20 million, down from the $31 million he made last year.

By then, well, the only question was supposed to be how many more home runs had Rodriguez hit than Barry Bonds in surpassing him to become baseball’s all-time home run leader. Now the question, after four straight injury-marred seasons, isn’t just whether A-Rod will get near Bonds’ record but whether he can play anywhere near his superstar level of old.

It’s not about his bat speed but simply his ability to stay healthy. He was an iron man for much of his career, averaging 158 games played from 2001 through 2007. Of course, we know that he had some help in at least some of those years, since A-Rod has admitted using steroids from 2001-03.

But in any case, injuries have prevented him from playing more than 138 games in any of the last four seasons. Because he needed arthroscopic knee surgery last summer and then dealt with a thumb injury upon his return, A-Rod last season played in only 99 games, a career-low, while hitting only 16 home runs.

The drop-off in power last year was clearly linked to his knee injury. Rodriguez, remember, had a spectacular spring training last March, hitting with an explosiveness in his swing that had been absent since hip surgery in the spring of 2009. Hitting coach Kevin Long was so wowed that he was predicting a return to 2007-like numbers; A-Rod hit 54 home runs that year in winning his third MVP award.

So you could make a case that Rodriguez should return to form. He insisted the knee surgery, which repaired torn cartilage, wasn’t anything serious enough to limit him in the years to come, and indeed, it’s the most common of surgeries for pro athletes.

Only now you have to wonder. If it was still enough of an issue for him to seek radical treatment earlier this month, following Kobe Bryant’s advice in getting Orthokine treatment on his right knee — and left shoulder — then it can hardly be dismissed as something that won’t bother him in the future.
We can clearly see the side-effects of A-Rod's contract with the way the Yankees have handled this offseason, and I suspect that won't change for the life of the deal.

It's a deal that, in my opinion, will go down as the worst contract ever handed out in baseball, if not all of sports. I had hoped the Yankees wouldn't let it change the way they do business, but obviously it has.

Thursday, December 22, 2011

Yanks Hit With $13.9M Luxury Tax

From The AP:
The New York Yankees were hit with a $13.9 million luxury tax bill Thursday, their lowest since 2003.

The fee, assessed by Major League Baseball under its labor contract, is down from $18 million last year and $25.7 million in 2009, when the Yankees won the World Series.

Boston, which missed the playoffs for the second straight season, is the only other team that will have to pay a tax. The Red Sox received a bill for $3.4 million, up from last year's $1.5 million.

Season-ending payroll information and the tax was sent to teams and obtained by The Associated Press.
Looks like the Yankees are getting closer to where they want to be financially, which is good, I guess.
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