propecia buy online us doxycycline online overnight shipping uroxatral discount coupon cpt code for neurontin abilify online in us keflex order on line order nolvadex lowest price risperdal how to buy sarafem online purchase discount code for brand viagra pharmacy technician study guide free online micronase generic wikipedia drugs reviews on finax is diovan generic yet does duloxetine cause weight gain buy keppra perth australia retail cost of entocort generic substitute for seroquel altace in the uk now buy viagra soft with paypal rosy code oc80reputable cheap canadian pharmacy no prescription zenegra without prescription miami eldepryl overnight zaditor over the counter what are the side effects of motrin orlistat indian brands viagra soft canada discounts prescription people;s pharmacy zoloft is aleve better than advil for back pain nolvadex tablets uk buy online cafergot generic safe buy meclizine online avapro combination fluoxetine capsules uses inderal from india deltasone medication buy brand ayurslim tadapox drugs online purchases lipothin visa baclofen without memantine cost of orlistat without insurance cost of ranitidine without insurance where to haridra haldol reviews for men cialis daily use online pharmacy pill cheapest lawsuit effexor canada fast worldwide shipping comprar vasotec pela internet vermox tablets for kids mentax tablets price clomid 100mg success stories 2012 trial erection packs 3 pharmacy lamictal without insurance risperdal without prescription miami one man one jar mobile aldactone prescription only lady era comprare healthy three cheese manicotti recipe generic for protonix 40 mg amoxil prescription brand acai for sale apcalis sx buy on line how to purchase midamor online relafen 500 buy vasodilan next day order nolvadex rx lasix iv half life trental tablets very cheap kamagra chewable comprar lipitor barato moduretic dosage and administration what is the dosage for unisom canadian alliance physiotherapy exam pce ranbaxy caverta side effects diovan pill canadian price cialis usa brand cialis over the couter rabeprazole sodium used for swiss legend trimix cialis soft reviews for men pharmacy rx by crystal zamudio for ptcb exam guide cheap methotrexate 100 mg non prescription fosamax pharmacy blue pill for menstrual pain over the counter discount buy avalide phenergan over the counter ireland celexa 100mg buy arava tabletas 20 mg albendazole 100mg pharmacy has best price antivert overnight cialis in us buy alligator louisiana meat delivered adios slimming tablets ireland rogaine uk for women buy diovan from mexico online can you buy celadrin prescription membership where to buy levitra in la where to buy code red 7 pill generic drug name nexium what is lopressor pills used for purchase crestor pills do people get arrested for buying drugs online cialis how to get a prescription cephalexin online purchase how to order noroxin planting amaryllis outside in florida finasteride hair loss side effects cheap celebrex uk buy alli 100mg online buy proscar online canada no prescription order vasotec amaryl m 1 mg side effects ventolin hfa coupons 2012 fml forte reviews for men tenormin 25 mg tablets citalopram without prescription miami sominex prices usa zoloft side effects in men weight gain prednisone 20mg tablets canadian family tree free eldepryl sale how to use dry brahmi leaves cheap provera 2.5 mg zithromax online in usa where can i get some anacin viagra drugs online max safe dose levitra phone in order for triamterene buy sarafem online usa pilex fda approved to buy without prescription buy generic cialis in australia visa de actos de comercio heartburn medicine prilosec calcium carbonate drug class how much does methotrexate cost in canada national insurance number voltaren for purchase free coupon for bupropion is minocin legal in uk vasotec western australia over counter zestril get abilify cheaper generic mycelex-g for sale on line fertomid discount voucher buy alligator meat nj pharmacy lamisil cream sale without script overnight buy allopurinol clomid side effects in men cost of lipitor in spain what is pulmicort inhaler for how much does celebrex cost per pill prescription drugs mexico city actos complications tadacip by the indian pharmaceutical company cipla himalaya ayurslim price cialis super active order pure acai berry reviews uk buy brahmi usa abilify 20 mg side effects evista mexico pharmacy purchasing uroxatral online uk astelin available over counter diclofenac generic reviews asacol australia pharmacy kamagra soft over counter what does erythromycin do to the body order pills.com review can we trust trileptal online buy doxycycline online from uk generic pills for glyset is albuterol sold over the counter glycomet buy canada medication online no prescription canada generic finasteride 5mg canada order cozaar canada order furosemide generic online pharmacy generic isoniazid usa pharmacy how long does it take for metformin to cause weight loss elocon price emsam from europe can you order zyrtec online drugs nitrofurantoin cheap norapred tabletas 5 mg how to take orlistat 120 can i get aldactone what does geriforte syrup viagra triangle shopping how to get baby to take prilosec what does grapefruit juice do to buspar agame 1 on 1 soccer long term effects of anti anxiety medication haldol side effects wikipedia buy prevacid singapore generic medicine for crestor zanaflex 40 mg buying aleve for dogs allegra medication wiki cheap plavix buy precio eutirox 100 med cabinet spray ditropan xl dosage order benfotiamine online medrol prescription information clonidine to purchase without a prescription buy fertomid in australia reminyl express canada air max 1 leopard grey comprar cialis farmacia andorra amantadina dosis pediatrica is it illegal to order generic biaxin order rumalaya forte online with visa hyaluronic acid shelf life cough syrup with codeine and promethazine in canada paxil medication used for permethrin cream 5 crabs buy haridra inhaler canada proventil dosage for copd motrin in croatia sinemet cost in canada where do i buy orlistat decadron injection pediatric dose is 100 mg of prednisone safe is diovan available in india forum zaditor online buy drops buy paxil mg online cheap precose free delivery dramamine generic drug canadian pharmacy- aldactone retin-a 0,05 from canada best place buy nitrofurantoin pct tricor over the counter green line pharmacy reviews fluoxetine 20 mg generic for bactrim side effects how often can i take 20mg of cialis cheap trimox india is it safe to split diovan pills pharmacy support services hayward ca albendazole weight gain amlodipine side effects forum duphalac online legally cheap zyban 100 mg augmentin bid 1000 mg fiyat? cheap genuine procardia online types of painkiller pills acheter alli en ligne pas cher what is the usual dosage of bactrim for a uti lipothin on the internet tamoxifen pct anavar cytotec in the uk pharmacie en ligne france cialis is viagra available over the counter in us buy generic indocin with bonus buy periactin online no prescription usa desyrel for purchase without a prescription ordering generic kamagra viagra buy tricor astrailia sinemet for sale what are the side effects of metformin and alcohol lanoxin cost without insurance what do elavil pills look like buy floxin visa side effects of abilify 15 mg can aricept tablets be split plavix for discount low cost overnight sarafem where cialis super active purchase renagel pills do i need receipt for viagra buying fluconazole online keflex online meds taking clomid cycle days 1-5 bactroban australia price there generic form prometrium wellbutrin sr generic wikipedia drugs provera 10mg twice a day for 5 days what is citalopram 10mg for prednisone 20 mg tablets side effects of xenical diet pills lamictal pharmacy assistance effexor xr side effects uk viagor sex enhancer from canada acheter viagra sans ordonnance pharmacie paris prograf birth control online us donde comprar terramycin alli fda approved to buy without prescription non prescription grifulvin v buy fertomid in ireland zyvox pharmacy prices list cheap aciclovir 100 mg periostat dental lariam online in us how to buy calcium carbonate side effects of 100mg zoloft fexofenadine dosage for dogs canadian doxazosin tablet buy ortho tri-cyclen pills combivent birth control online us cardizem without a prescription ciprofloxacin uses strep buy evecare online overnight alavert shoppers drug mart crestor cholesterol medication astelin for dogs buy betnovate n usa is it safe to order generic drugs online sale geriforte syrup homeopathic medicine for back and neck pain perceuse lithium pas cher search quotes relationship moduretic over the counter canada ciprofloxacin 500mg price online pharmacy ciplox pariet buy online uk low price carbozyne uk tegretol cost amlodipine dosage cats order fucidin on line usa purchase abilify on line in the uk buy danazol online pharmacy prescription viagra belgique viagra clinical studies inderal tablets for purchase footy stats 365 unprescribed clomid for sale motrin 800 mg dosage instructions evista barato asthma inhalers purple generic from cialis purchase viagra professional pills midamor now co uk do you need rx rogaine 5 detrol la coupon free prilosec mexico brand prescription buying canadian drugs in us buspar medication for anxiety buy prograf capsules buy cafergot no prescription online discount information on seroquel medication diclofenac sodium 50 mg for headaches canadian alliance terminals ltd cafergot cheap uk cheap pharmacy schools in uk orlistat generic online where evecare side effects of fertility drugs on babies canadian neighbor pharmacy scams prescription online buy generic celebrex can you order mentax maxalt fast canada buy live online abilify drug action mestinon drug price can your buy cialis professional in ireland online drug order benzac online uk shortage of toradol vicodin vs percocet side effects what does keppra diflucan dosage for yeast infection male viagra plus canada overnight delivery cheap pills buy gasex generic buy flomax from mexico online buy glucophage with allegra by mail order buy cheapest alli pills dipyridamole from usa what is olanzapine odt buy viagra online reviews lowest is ventolin cheaper than proair artane refill pack buy zyprexa new zealand online can i get capoten uses for bactrim ds tablets azithromycin diarrhea travellers buy yasmin in australia where to triamterene drugs order levlen propecia mas barato buy hair growth pills buy brand cialis soft proscar without propecia shop ciplox to buy from europe buy alli overseas brand amoxil without prescription yasmin spain my purinethol coupons tadapox to buy in australia buy differin gel 0.1 best price for real reglan buy cheap amoxil pills doxazosin online overnight to buy tinidazole amsterdam pharmacy new york baclofen paypal generic acticin usa pharmacy does plavix patent expire where can i buy alli online uk betoptic no prescription canada order viagra on the internet periactin sciroppo order cefixime no prescription tamoxifen fertility differin over the counter india much does cialis cost private prescription cleocin order in the us purchase retino a cream 0 025 cheap zithromax no prescription needed canadian online pharmacy voltaren 75 mg get you high buyers of caverta canada cheapest paxil ordering low dose glycomet beconase aq 100mg cheep deltasone rxlist very cheap etodolac trental for sale australia prevacid without prescription the mail order pharmacy at express scripts online viagra sample prevacid otc side effects purchase vpxl on line in australia buy nexium online uk bactroban pills sweat acyclovir online overnight discount female viagra aspirin dosage recommended promethazine purchase in canada no prescription generic augmentin in usa official canadian pharmacy discount code amantadine side effects parkinson;s side effects of compazine treatment reviews of online pharmacies viagra best overnight online pharmacy singulair prescriptions buy dostinex online no prescription united states vermox tablets from buy alli tablets for purchase benemid pas cher cipla inhalers asthma prescription clomid side effects finax side effects long term use purchase topamax on line in india ceftin cheap uk buy probalan boots how to buy amantadine in canada buy alligator gar meat pills flan cafe rico rico procardia india diflucan 150 mg for sale canadian betnovate tablet how to use xenical minoxidil rogaine boots is it illegal to order generic myambutol buy allopurinol mg accutane lawsuit 2012 buy alligator skin buy antibiotics online europe canada drugs zithromax with prescription van i buy viagra over the counter canada speman india buy altace new zealand online over counter voveran sr zyrtec tablets 10 mg dosage where to buy caffeine pills in canada para que se usa dostinex buy viagra next day delivery canada pharmacies online that sell allopurinol cialis ed dosage tenormin to buy in australia zyprexa generic launch purchase nitrofurantoin 100mg canada drugs silagra with prescription buy nolvadex for research purposes how to buy tegretol combivent online forum glyset perth australia voltaren and birth control pills generic name for yasmin birth control now foods panax ginseng 250 capsules / 520mg ampicillin dosage for children online citalopram in croatia ponstel next day free coupon for diclofenac zyprexa 40 mg dose actoplus where can i buy ultra low dose atarax citalopram 20mg and alcohol medrol online no prescription drugs ampicillin 500mg in pregnancy where can i buy alesse birth control retin-a 0,025 online cheap bactrim roche mexico cipro pills pictures what types of gasex are there birth control pills india viagra without perscription benzac online forum generic clozaril canada buy nizoral 40 online januvia purchase what does estrace cream treat best drugstore makeup brands for oily skin synthroid refills buy accutane no prescription isotretinoin normal abilify dosage order motilium tablets cvs pharmacy 96th street and amsterdam uk pharmacies online that sell fucidin xenical versus meridia overnight pharmacy prilosec prescription for viagra canada very cheap grifulvin online united states pharmacy no prescription paxil pharmacy order flomax effectiveness reviews amoxicillin 500mg for sale olanzapine next day shipping buying cymbalta in manchester kamagra oral jelly dosage recommended methotrexate injections nausea buy effexor xr online without prescription canine prednisone side effects panting casodex italiano buy clomid serophene tegretol retard overdose glucophage generic for order protonix online in usa purchasing rumalaya gel online uk pariet generic usa
Home Pete Toms LWIB: Mets Financial Woes, Yankees Investing in International FAs, Bowman on Andriod v. Apple, More

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 570 guests online

Atom RSS

LWIB: Mets Financial Woes, Yankees Investing in International FAs, Bowman on Andriod v. Apple, More PDF Print E-mail
User Rating: / 0
PoorBest 
Pete Toms Article Archive
Written by Pete Toms   
Monday, 14 March 2011 16:33

Last Week in Bizball by Pete Toms

This week in “Last Week in BizBall, the Mets financial woes, issues in the upcoming CBA negotiations, Yankees’ investments in international free agents, Bob Bowman on Android vs. Apple and Cubs ask suite-holders if they want to pay for renovations.

The Mets were late, in comparison to many of their peers in MLB, but eventually they did follow the textbook model on how to build a financially successful MLB franchise in this era. In 09, they moved into a brand new ballpark with reduced seating capacity (scarcity of tickets = higher prices), seats closer to the field, fewer seats “upstairs” and the long requisite premium seating/amenities, all which would result in a big spike in revenues. They even sold the naming rights for $400 million. Three years prior they successfully launched their own RSN, SportsNet New York. As cable operators see sports programming as the key to preventing “cord cutting” (Comcast & TWC are the Mets‘ partners in SNY), a team owned RSN provides lucrative, locked-in/long-term guaranteed revenue. In addition, teams frequently undervalue the rights fees they receive from their own RSN (see dispute in sale of Cubs to Ricketts family), all the better to limit their exposure in MLB’s revenue sharing scheme. Save for the RSN, things haven’t unfolded as planned for the Mets. LWIB, Richard Sandomir and Ken Belson detailed how the Wilpon’s best laid plans were wrecked by two vital, and unpredictable factors, the economy and fielding a winning baseball team:

…revenue from about 10,600 club seats and suites and from advertising and concessions dedicated to paying off the Mets’ new $800 million home, Citi Field, fell tens of millions of dollars short of forecasts made just two months before the season began in 2009. That was followed by a nearly 20 percent decline in attendance in 2010 and a resulting slide in revenue that was compounded by an increase in stadium bond payments.

AND

In February 2009, two months before opening day, the team estimated in a financial disclosure document that Citi Field would generate $224 million — mainly from luxury boxes, parking, club seats and advertising — money that would be more than enough to cover their bond payments.

Yet the recession; ticket prices as high as $500, which alienated some longtime fans; and the Mets’ fourth-place finish caused revenue in 2009 to come in well short, at $180.4 million, according to audited team financial statements.

The report also details the Mets well documented debt servicing challenges. There are escalating payments on the bonds issued to finance the construction of Citi Field. They have reportedly maxed out their credit with MLB ($100 million from a loan and credit facility combined). Last year, SNY borrowed $450 million and the Mets refinanced $375 million of debt associate with the ballclub (see here). Plus, coming off a 79 win season, they Mets have further discounted tickets for 11. Oh, I almost forgot, Irving Picard also wants about $1 billion from the Wilpons. Oy.

SELECT READ MORE TO SEE DETAILS ON: The upcoming CBA, Yankees’ investments in international free agents, Bob Bowman on Android vs. Apple and Cubs ask suite-holders if they want to pay for renovation

  • Prior to LWIB I had never read, or been aware of, The Yankee Analysts blog. But, thanks to Darren Heitner, I surfed on to William J.’s analysis of the upcoming CBA negotiations in MLB. This is as an informative, cogent and comprehensive examination as you will likely find. J. lists the CBA items important to the owners as, 1. Intl draft, 2. Slotting, 3. Expanded playoffs, 4. Drug Testing, 5. CBT, 6. “Super Two". On the players side, he sees the important issues as, 1. Salary Floor, 2. FA compensation, 3. Club debt threshold, 4. Minimum Salary. Of particular note to me were his comments regarding the possible implementation of an international draft. While I understand MLB’s motives in wanting an international draft (controlling escalating signing bonuses), I am more interested in the possible long-term impact on the baseball player “labour market”. (see here ) J. shares my concerns, “Of all the potential changes that could come as a result of a new CBA, an international draft would be the most disastrous. As I’ve argued previously, baseball’s immense investment in foreign countries has resulted in a golden age of talent. If owners are given an incentive to cease this investment, the overall talent pool is likely to suffer as a result.”
  • The Yankees have been very aggressive in recent years in signing international free agents. Last year they doled out the second highest amount (just over $5 million) of signing bonuses to international free agents, behind only the Mariners. It appears the Yanks are getting a good return on their investments with C Jesus Montero (Venezuela) and P Manny Banuelos (Mexico) expected to soon play key roles on the big league team. In 09, the Yankees awarded C Gary Sanchez (Dominican Republic) a $3 million signing bonus. This off season, Baseball America ranked Sanchez as the Yankees #2 prospect, behind Montero. LWIB, the Yankees awarded a signing bonus of slightly more than $1 million to Dominican RH Juan Carlos Paniagua. Paniagua is 20 and likely would have signed earlier had he not been previously suspended for a year by MLB over age and identity fraud. Paniagua’s case is the most recent example of the success that MLB is having in cracking down on the decades old problem of age and identity fraud amongst prospects in the Dominican Republic. Ben Badler’s report also notes that RH Carlos Martinez, who the Red Sox awarded $1.5 million last April, had also been previously suspended for a year. Badler also notes that the Yankees are on the verge of finalizing a deal with RH Jose Rafael DePaula, subsequent to his serving of a one year suspension.
  • I often think that I am one of the few remaining people (if we exclude persons under the age of 12) in North America without a cell phone. Many of you might be surprised to know that pay phones remain in existence, although they are increasingly difficult to find. But being a curious sort, I do occasionally read about the battle between Google and Apple for global domination. On that note, in this article , MLBAM head honcho Bob Bowman discusses the difficulties that his company encounters selling apps to Android users, as opposed to Apple. I think I understand the difference between “open” and “closed” and this seems to be at the crux of BAM’s challenges in selling Android apps. Apps infected with malware, “phony” apps pretending to be BAM products, folks “hacking” BAM apps and redistributing them…ultimately is it a result of Google’s ad supported business model vs. Apple’s retail model? I probably got all of this wrong, so you should read the piece.
  • The Cubs have offered to renovate suites at Wrigley Field, if the suite-holder is willing to pay the tab of $11,000 - $15,000. At a quick glance, it makes the Cubs look kind of cheap and greedy. But Ed Sherman asked for both sides of the story and there is a reasonable explanation.

Last Week in BizBall will return March 28.


Pete Toms is senior writer for the Business of Sports Network, most notably, The Biz of Baseball. He looks forward to your comments and can be contacted through The Biz of Baseball.

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?