rxdrugstore phentermine pills fungsi metronidazol cialis india prilosec otc ingredients cialis nabp certified online pharmacy allegra coupons printable antibiotics without a script terramycin for cats where to buy nautisol 5mg hydrocodone aspirin overdose effects proscar medication uses nootropil side effects depakote er 250mg kenacomb ointment used for duetact medication list viagra cialis levitra diclofenac 75mg treatment vasotec medication picture bootleg viagra for sale in toronto viamax golds gym new primatene mist release date atacand without a precsrition nebivolol 5 mg sotalol medication taking fluconazole 150mg side effects pharmacies in india no prescription isotretinoin online no prescription abilify medication dosage domperidone maleate stilnox 10mg side effects 100mg doxycycline tablets from india canadian drugs overnight pharmacy support team valerie briggs nz viagra on sale in usa eszopiclone vs zolpidem 10mg linfocitos atipicos buy ventolin inhaler viagra lowest price canada levoxyl medication generic phentermine adipex 37.5 mg renova cream side effects cipro 500 mg no script 5mg cialis review zyvoxid dosey wellbutrin online tegretol and pregnancy v v iiaagra epharmacy online auctions zyvox package insert where can you buy zenerx at walmart levaquin lawsuit 2015 meclizine hydrochloride 12.5 mg lialda side effects liver prednisone dosage for kids can you order propecia online nolvadex pct reviews morphine band videos thuoc renapril 5mg ambien clonidine medication for sleep permethrin side effects in cats tizanidine side effects depression diclofenac sodium 50mg dosage canadian pharmacies no script dynamogen syrupy levitra vs cialis vs viagra cost neurontin gabapentin order azithromycin 250 mg kamatra sumatra vicodin side effects hydrocodone viagra cialis levitra combo packs buy brand lexapro ampicillin 500mg capsules for acne fluconazole 100mg dosage best cialis price 2 imiquimod cream and side effectsimitrex synthroid without script diazepam 2mg inderal dosage for tremor viagra generico online sicuro cialis 20mg lilly suprax medication for arthritis can you take 2 10mg cialis arthritis medication meloxicam ditropan side effects in children olanzapine medication dangers india drugs without scripts zyprexa for anxiety withdrawal canadian online pharmacy ambien omifin 50 mg best generic viagra visa only acquisto viagra generico buy generic viagra online pharmacy z pack dosing schedule nexium over the counter cost oxybutynin medication patch amantadina clorhidrato de loperamida online thailand pharmacy liposafe ingredients in benadryl online 200 mg zovirax lamictal rash picture lamotrigine staxyn 10mg walmart acyclovir for shingles in children bulk cialas budesonide nebulizer ventolin hfa 90 mcg inhaler coupon doxazosin lawsuit altace blood pressure medicine side effects nuvigil side effects medication duphaston et douleurs poitrine where to buy arimidex antibiotics overnight shipping usa buy robaxin no prescription types of viagra for men dikloron tablet rabeprazole generic price best pheromones for women to attract men colchicine dosage for acute gout sildenafil 100mg med ativan vs xanax vs valium vs klonopin flomax pay w mastercard ativan withdrawal how long does it last mg brand name isoniazid 300mg and dizziness order lasixcheap valium dosage for muscle spasms software house international jobs the best cialis clone non prescription pharmacy allpills complaints definition panax brand and generic clomid buy online uk primatene mist inhaler for sale canada lamictal withdrawal symptoms itching oxybutynin hydrochloride amiloride hydrochlorothiazide dosage amantadina clorfenamina paracetamol para que sirve oxazepam 15mg cap suhaagraat scene baclofen side effects 10mg salbutamol ventolin syrup for infants viagra online canada pharmacy discount code buying prescription drugs in mexico buy frumil tablets cataflam tablets dosage ciprofloxacin hcl 500 mg estradiol and weight gain/men power pill viagra levofloxacin hydrochloride side effects viagra kostenlos kaufen viagra and cialis on line relafen 500 mg tabs where can i get alli albendazole for dogs dosage farmacias en canada ciproglen 500 synthroid side effects medication mayo clinic perlutex 5 mg tablets buy online prescription viagra benazepril 20mg tab ethex adderall withdrawal length 100mg cialis to buy in uk lotemax eye drops side effects crestor medication dose side effects benemid medication femara generics thyroxine binding globulin high zanaflex side effects blood pressure amermycin 100mg to g bactrim for purchase ceftin side effects nausea wirkstoffe von sotalex mite cytotec medicinescytoxan mometasone furoate cream 0.1 over the counter coupons for eszopiclone generic chloroquine phosphate cost paypal acquisti viagra viamedic medications zentel tablets lergigan 25mg ephedrine tinidazole vs metronidazole viamedic com veterans today viagra generic walmart obetrol medications thalidomide victims of canada frumil diuretic tea tryptizol information assurance octreotide infusion parcopa carbidopa levodopa warning what is acivir cream buy silagra india rogaine side effects rogaine for women brand cialis without a prescription imovane side effects medicine crestor at walmart buy the blue pill canada kosovarja gazeta shqiptare tirana chat link wow fanegada wikipedia walgreens pharmacy employment what is stranger than flagyl most trusted viagra sites how much is generic lexapro cialis price bangkok 194 buy generic viagra online canada cytotec en francia aciphex generic names glucophage weight loss side effects mavidol tr zoloft withdrawal symptoms drug named brand viagra advantage chevrolet bolingbrook service coupons xlpharmacy reviewsxylocaine atrovent hfa inhaler side effects buy oxycontin mexico pharmacy hydrocodone 5 500 street value buy cat antibiotics online apetamin cyproheptadine lysine & vitamins syrup 200ml reviewaprovel buy clonidine no prescription metrogel vaginal gel reviews picareta server minecraft order diovan on line buy viagra boots ciprofloxacin no prescription hcl mexican medications online clonidine side effects medication pasangma versus viagra viagra 50mg pills amazon probenecid and penicillin drug interaction generic cialis vs real cialis nolvadex uk paypal where to buy abortion pill online clomid pregnancy success best place to buy brand viagra online amikacin sulfate drug study tricor side effects doctor pfizer animal health cattle vaccines temovate 0.05 viagra brand name xeloda patient assistance farmacias online sin receta augmentin cod finistride 1mg uk no prescription inhalers no prescription ornidazole tablets capsules terbinafine hydrochloride cream 1 for ringworm mobicox tabletas electronicas buy sporanox no prescription betnovate online retin a cream 0.05 side effects zithromax gonorrhea dosage how much does cialis cost at walgreens ketorolac tromethamine side effects ropinirole 1 mg tab her mercilon pil perancang atacand 16 mg buy online can you get zoloft over the counter amantadina 100 mg topamax weight loss topiramate phentermine voltaren side effects can you take ceftin for uti zyprexa for anxiety attack xalatan generic name enzyte reviews buy gold brand dyazide cialis comprar xylocaine jelly 2 indications xlpharmacy scamp cabgolin 0 25th singulair 10mg montelukast picture pergotime 50 mg zoloft cialis 5 mg daily dose stone worktops vgr 100 medication vagara conferencevagiral glipizide er 10mg tab neurontin and weight gain or loss betneval pommade cicatrisante black cialis oracea 40 mg canadian doxycycline prices buy combivent respimat out of country lasuna jewelry boxes feldene medication for dogs getting viagra over the counter anxiety definition fear generic viagra for women zyprexa and weight gain patients apotik penjual cytotec jakarta cialis daily use cheap xanax addiction side effects to the brain morphine withdrawal treatment sustiva copay assistance cheap prescription pills online meloxicam high erowid parcopa orally disintegrating medicationparietparlodel bactrim ds dosage for dogs sildenafil brands in india amlodipine besylate 5mg what is it for ativan half life drug test brand cialis us pharmacy bactrim no prescription atacand side effects weight gain zoloft online without a prescription levitra with out prescription superdrugsaver in india probenecid and penicillin canadian no prescription drugs uti antibiotics online www healthy male viagra pregnant man thomas beatie divorce synthroid side effects synthroid dosage proscar side effects symptoms berifen 100 side effects why is levitra more expensive miglior sito per acquisto cialis benazepril 20mg tab brand name viagra no generic valtrex pills for sale viagra from india cialis professional pay by paypal 8 mg zofran purchase vosteran search engine indapamide 2.5mg overdose buy std meds online ranitidine side effects rash phentermine diet pills esomeprazole strontium package insert mentat tablets 50 thalidomide side effects multiple myeloma elimite lotion medication labetalol to metoprolol conversion linezolid costs kamagra chewable 100 mg in france recommended motrin dosage for children flomax for kidney stones dose what is vgr 100 pill drug levitra china sale canada pharmacy online orders elomet cream schering plough real online pharmacy cardizem la side effects medication atrovent side effects nebulizer buy wellbutrin no prescription viagra for sale on amazon drug brand names lantus vs levemir studies pharmacy drugs paypal rapharmacy reviews on apidexin ciales puerto rico pictures of beaches how to get cialis in canada prednisone canada achat cialis generique buy cipro from mexico lotemax gel coupon free or low cost cymbalta astelin nasal spray azelastine eye amphetamine salts 20mg street price sildenafil cream for men warfarin and alcohol coumadin buy spironolactone online uk peritol dermatitis of the scalp keflex dosage for bladder infection grathazon obat apa leconfield house curzon street viagra online miglior prezzo vmax viagra viagra regular zyvoxid dose market glucophage side effects medication motilium side effects drug fasigyn tablets buspirone 5mg tab viagra for men online buy doxycycline hyc cap 100mg buy accutane online canada benoquin skin whitening pills puretone hearing aids claremont intrathecal baclofen pump spasticity maxalt 10 mg tablet mexican pharmacies esquina tango austin texas orderpharma accutane reviews can i buy narcotics online atomoxetine brand name betacin capsules flonase side effects anxiety no prescription meds online paypal florinef acetate for dogs benoquin cream 20 monobenzone indocin 25mg capsules online drugstore acne medicine terbinafine 250mg for dogs buy arimidex autralian pharmacy prednisona dosis pediatrica mebendazole over the counter cenveo stock price history buy clomid paypal pulmicort flexhaler 90 mcg esomeprazole magnesium non prescription mebendazole side effects in dogs seroquel for anxiety and pain nautisol 5mg cialis low cost mexican pharmacies parlodel bromocriptine treatment tadalafil canadian pharmacy online albendazole side effects in children abilify patient assistance program application metformin side effects metformin weight loss nitrazepam side effects viagra online no prescription needed sifrol pramipexole treatment for ringworm propecia vs generic finasteride canadian family pharmacy reviews fake cialis how to tell inderal la 60mg diet pills with sibutramine for sale himcolin review drugstore online shopping citrate de betaine francais diovan generic date livial tibolone organon ivermectin for dogs with mange citrate toxicity transfusion reaction progynova and ivf substitute for albuterol for sale pramipexole 0.125 mg tablet buy workout equipment with echeck zithrogen 500 days combivent respimat price haloperidol dosage forms best online viagra no prescription usa pharmacy online viagra avelox generic date levitra 40 mg donde puedo comprar misoprostol en usa canadian pharmacies 24h mail order lotrel medication prices cat can cook banana muffins buy clozapine online no prescription online apotheke arthritis symptoms osteoarthritis cost for viagra prescription lexapro by mail caffeine overdose symptoms what to do betnovate cream no prescription uk israeli pharmacy cialis side effects of prazosin hcl 2mg capprecose clozaril side effects drooling tadarise 40 mg finasteride vs dutasteride price low cost sctos sureway henderson ky 42420 microcidal 125mg standardized bentyl dosage for dogs asthma inhaler non prescription insurance auto auctions oklahoma city printable prilosec otc coupons tramadol controlled substance 2013 software applications for human resources buy cheap motrin online vimax detox fincar finasteride 5mg lady viagra in india canadian pharmacy echeck ho to buy pyridium in canada how long does viagra last metrogel 1 reviews discount cialis 24 hour shipment misoprostol dosage for miscarriage ivermectin dosage for dogs with mange generic cialis uk lasix water pills euthyrox 25 prospect clonidine 0.2mg tab purepac sotret canada female viagra no prescription tegretol toxicity emedicine biorezonanta magnetica nuclearabisoprolol cardinal richelieu accomplishments neomedrol acne lotion reductil 15mg dose omaggio avocado oil cialis 5mg price with coupon walmart flagil no rx dyazide tablets buy tadalafil uk generic plavix what is lipothn fludrocortisone florinef for dogs avapro side effects irbesartan 300 citrato de sildenafilo marca generica erase tretinoin uk derm erase review buy aldactone online cheapest place to order cialis valium dosage for sleep omeprazole offshore buy brand viagra 100mg online ephedraxin informative speech free next day delivery viagra viagra pills cheapest pittsburgh
Home Maury Brown Leaked Tampa Bay Rays Docs Make Case for Revenue-Sharing, New Ballpark

Like Shoot to Thrill - An AC/DC Tribute on Facebook!

An authentic tribute of AC/DC that covers the best of the Bon Scott era and the best of Brian Johnson's material

Who's Online?

We have 786 guests online

Atom RSS

Leaked Tampa Bay Rays Docs Make Case for Revenue-Sharing, New Ballpark PDF Print E-mail
User Rating: / 57
PoorBest 
Written by Maury Brown   
Thursday, 26 August 2010 23:05

Breaking Down the Deadspin DocsWhen the leaked MLB financial documents hit the public, and especially so since The AP got a jump the Sunday night before, the focus was acutely focused on the Pirates. Given 18 losing seasons, and the fact that the club was shown to had received just shy of $70 million in revenue-sharing for 2007-2008 ($69,348,964, to be exact), and at the same time shown to have a profited to the sum of $29,416,281, the immediate reaction has been that “losers on the field are winning on profits”.

But, as the dust has settled, other topics have surface. Certainly, the issue of revenue-sharing is one (see Will Leaked MLB Financials Alter Revenue-Sharing?), and the issue of the Marlins profiting (extensively) in 2008, yet crying poor when asking for public subsidy from Miami-Dade Co. (look for a future column shortly on this). Both stories have reinforced the belief by many that “the system is broken. Clubs taking revenue-sharing are living on welfare.”

But, in looking at the financials of the Tampa Bay Rays show that while modest profits have taken place, without revenue-sharing (and the good fortune of making a run in the postseason in 2008), Tampa Bay would have shown a loss, not profit.

For 2008, the year the Rays made the World Series, the end of year player salary totaled $56,018,335, a striking increase from the $35,563,605 the year prior, or an increase of 53 percent.

At the same time, while going all the way to the World Series, the increase in ticket revenues did not mirror the increase in player payroll. For 2007, the year they went 66-96, the Rays had ticket revenues of $27,963,739. In 2008, winning the AL East and posting a 97-65 record, the club garnered $39,013,069 in ticket sales, or an increase of 40 percent. Suite revenues were almost static between the years ($2.94 for 2007, while $2.93 million for 2008), but at least the club saw a sizeable uptick of more than $6 million in concessions revenues ($9,551,348 up from $3,410,472, or an increase of 180 percent.

Rays Financials
Click to see the leaked Rays financials

All told the Rays had revenues of $160,961,576 for 2008, up from the $133,777,450 in revenues the year prior, an increase of 20 percent. However, expenses jumped from $112,089,881 in 2007 to $146,759,370 in 2008 the year they won the ALCS, or an increase of 31 percent. The reason? The aforementioned player salary increase, as well as jump from $19.2 million in sales and marketing for the 2007 season to just over $23 million in 2008, a sign that the Rays were trying to strike while the iron was hot.

But, the 11 percent gap (and as we’ll see, profits would have turned to losses) is within the extra revenues gained in the postseason. What’s key in this look at the finances centers on that incredible run.

During the 2008 postseason, the Rays saw a total of 6 home games played at Tropicana Field (2 ea. for the Division Series, ALCS, and World Series). Clubs don’t gain every red cent in revenues from postseason play. Indeed, the players get the vast majority of it. The following shows how revenues that go to the players are broken out for postseason play (see the Major League Rule for added details):

  • Sixty percent of the total gate receipts from the first four World Series games;
  • Sixty percent of the total gate receipts from the first four games of each League Championship Series; and
  • Sixty percent of the total gate receipts from the first three games of each Division Series.
  • Based upon this, ownership profits are 100 percent for any games after that are “deciding”.

In total the Rays pulled in $17,674,301 that is attributed just to the postseason. If they had not made the postseason, total revenues would have been $143,287,275 and increase of 7 percent as opposed that 20 percent increase. In light of the amount of spending by the club that season, it was a tightrope where missing the playoffs, or not going deep into the postseason could have altered the outcome of the bottom line substantially.

The picture being painted here isn’t one of a club working to gain maximum profits, but rather one doing what one would think a club should do: take as much money as is available and try to maximize it to improve the product on the field and spend extra to get the word out via sales and marketing.

But, going back to those profits based on the leaked Rays Consolidated Balance Sheets for 2007-08, here is the Net Income (remember, Net Income does not include current or long-term liabilities for a club), a measure of profit for the Rays:

Rays Net Income

Year

Club

Amount

2008

Rays

$4,016,163

2007

Rays

$11,066,191

 

TOTAL

$15,082,354

 

After going through the numbers, suddenly that $4,016,163 doesn’t look so terribly big. Miss the playoffs, or receive less in revenue-sharing, and a net gain is suddenly a net loss.

How The Rays Are A Shining Example

When Bud Selig asked for increase revenue-sharing in 2000 through his Blue Ribbon report, maybe this snapshot of the Rays from 2007-08 was his vision. While the Marlins (and to a lesser extent, Pirates) actions have been questionable as it pertains to the use of revenue-sharing dollars, the Rays (at least for the two years we have visibility to) fall within the spirit its design.

But, if there was another take-away from the figures, it seems to be this: the Rays require better attendance, and that plays into a the need of a new ballpark. Selig’s nirvana of having the lowest revenue-markers being able to stay on the same footing as their big market counterparts such as the Yankees and Red Sox sits on razor’s edge. There is no margin for error. Glance at the Rays financials, and there are small things that, in total stand out… Central Fund dollars dropped, as did sponsorships and advertising in a year when the team went to the World Series. The ability to project costs and revenues is uncertain, and with it, when the rate of expenses and revenues are within relative small distance, it’s shows that the talk from Stuart Sternberg has merit and is worth considering.

What is also clear is the Rays are teetering ever so close to having this “loser-to-winner” story collapse under its own weight. Keeping this group of players together, or being able to go after any free agents is going to get harder and harder as young talent hits or advances through salary arbitration.

The bottom line of the bottom line is the Rays are in dire need of increased revenues. After what the fallout from the leaked documents, the idea that revenue-sharing will be increasing in the next CBA seems a far off notion. Increased revenues are going to have to come through the front door for the Rays. Most immediately, ticket revenues has to be front and center, and so attendance watching is going to be paramount. Eventually, the great showing in 2008, and the capacity to do it again in 2009 will pay dividends when local television and radio contracts come up for renewal. But, the writing is on the wall with the Rays docs.... Without revenue-sharing assistance, the chances for the Rays to even be near the position they are in now would be a far off dream. At least in this instance, the Rays show how the system can, and should work, if – and this is a big IF – it is not taken advantage of.

RELATED CONTENT:


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, as well as a contributor to FanGraphs and Forbes SportsMoney. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

Follow Maury Brown on Twitter Twitter

Follow The Biz of Baseball on Twitter Twitter

FacebookFollow the Business of Sports Network on Facebook

 
 
Banner

Poll

Should MLB Force Jeffery Loria to Sell the Marlins?