I have done the math and they have save well over 1/4 BILLION and counting because they are STILL under 2018 payroll. If you adjust for inflation it is probably close to $400M in savings that they have pocketed or flushed on Luxury seating areas, parking lots, Restaurant and Fish Costumes for the Salmon races.TraderGary wrote: ↑Thu Dec 12, 2024 6:06 amEven if they just invested the profits back into the team and not use a dime of their own money, they would have more than enough payroll available to sign a couple legitimate middle of the order bats that this team so desperately needs and hasn't had in years. And they would make their millions or tens of millions in franchise equity when it came time to cash in.
No one is asking them to spend and go broke like a drunken sailor. Just INVEST in your fucking team the way any intelligent owner would, which would greatly increase the value of your franchise and make you even more money on your investment you fucking morons.
It still frosts my ass that when they had their "step back", they promised that when the time was right, they were going to open up the purse strings to build around the core and get us to a WS. It was all lies!! BLATANT FUCKING LIES FOR EVERYONE TO SEE!! They saved millions upon millions, and instead of investing it back into the team, all they did was pocket the money.
I gotta stop talking about this. All it does is make my blood boil.
Santana signing within the next week.
Re: Santana signing within the next week.
dt
Re: Santana signing within the next week.
And a TV network.D-train wrote: ↑Thu Dec 12, 2024 1:35 pmI have done the math and they have save well over 1/4 BILLION and counting because they are STILL under 2018 payroll. If you adjust for inflation it is probably close to $400M in savings that they have pocketed or flushed on Luxury seating areas, parking lots, Restaurant and Fish Costumes for the Salmon races.TraderGary wrote: ↑Thu Dec 12, 2024 6:06 amEven if they just invested the profits back into the team and not use a dime of their own money, they would have more than enough payroll available to sign a couple legitimate middle of the order bats that this team so desperately needs and hasn't had in years. And they would make their millions or tens of millions in franchise equity when it came time to cash in.
No one is asking them to spend and go broke like a drunken sailor. Just INVEST in your fucking team the way any intelligent owner would, which would greatly increase the value of your franchise and make you even more money on your investment you fucking morons.
It still frosts my ass that when they had their "step back", they promised that when the time was right, they were going to open up the purse strings to build around the core and get us to a WS. It was all lies!! BLATANT FUCKING LIES FOR EVERYONE TO SEE!! They saved millions upon millions, and instead of investing it back into the team, all they did was pocket the money.
I gotta stop talking about this. All it does is make my blood boil.
I asked Grok how much they've lost. Exact numbers aren't known obviously, but doesn't seem like it's been a rosy deal for them.
The exact financial loss that the Seattle Mariners have incurred by purchasing the ROOT Sports network is not publicly detailed in straightforward figures due to the complexity of the business and the proprietary nature of such information. However, several points from available sources offer insight into the financial implications:
Initial Purchase and Revenue Expectations: The Mariners purchased a controlling interest in ROOT Sports in 2013, with the idea that it would be a significant revenue stream. This was anticipated to bring in millions over the long term through broadcasting rights and associated advertising.
Decline in Revenue: Over the years, the value of ROOT Sports as a revenue stream has significantly declined due to the broader industry shift away from traditional cable subscriptions. Reports suggest that by 2023, the financial impact was substantial enough to affect the team's financial outlook negatively, with sources indicating that the Mariners were "feeling" this impact.
Loss of Teams and Viewership: The departure of teams like the Seattle Kraken and the Portland Trail Blazers from ROOT Sports has further diminished the network's value. This loss of content has likely contributed to financial strain since these teams were part of ROOT Sports' programming, which in turn affects the network's attractiveness to subscribers and advertisers.
Operational Costs: With Warner Bros. Discovery exiting the local sports broadcasting business, the Mariners have taken on full operational costs for ROOT Sports, which includes production, distribution, and staff salaries, without the previous support. This transition has led to layoffs and budget cuts within ROOT Sports, indicating a direct financial burden on the Mariners.
Impact on Team Payroll: The financial constraints related to ROOT Sports have been cited as reasons for the Mariners' cautious approach to payroll and player acquisitions. For instance, John Stanton, the Mariners' managing partner, has acknowledged "substantial" revenue losses connected to ROOT Sports' uncertain future, suggesting that it has limited the team's financial flexibility in the market.
While these points collectively suggest that the Mariners have faced significant financial challenges from owning ROOT Sports, exact figures on losses are not publicly available. The situation appears to be one of diminishing returns rather than a one-time loss, with ongoing operational costs and revenue declines affecting the team's financial strategy.
- Donn Beach
- Posts: 15467
- Joined: Thu May 02, 2019 1:06 am
Re: Santana signing within the next week.
There's also the COVID losses that seemed to be signicant
Re: Santana signing within the next week.
Part of Mather's shit show speech was about how they obviously didn't do great with no fans but they did A LOT better than most because of the timing of the start of the rebuild. Payroll was only $55M in 2020Donn Beach wrote: ↑Thu Dec 12, 2024 3:04 pmThere's also the COVID losses that seemed to be signicant
https://legacy.baseballprospectus.com/c ... -mariners/
dt
Re: Santana signing within the next week.
Haven't heard them talk about "the 2026 crest" lately....D-train wrote: ↑Thu Dec 12, 2024 3:17 pmPart of Mather's shit show speech was about how they obviously didn't do great with no fans but they did A LOT better than most because of the timing of the start of the rebuild. Payroll was only $55M in 2020Donn Beach wrote: ↑Thu Dec 12, 2024 3:04 pmThere's also the COVID losses that seemed to be signicant
https://legacy.baseballprospectus.com/c ... -mariners/
Maybe they realize people can actually look it up now and see they only have $62.5M committed to payroll in 2026.
And Haniger and Garver drop off the books by then to cover any arb raises.
People ate that up though.
What a scam.
-
- Posts: 2535
- Joined: Thu Aug 27, 2020 2:51 am
Re: Santana signing within the next week.
So is that going to be their annual excuse? We're losing money on ROOT so we can't afford to invest in the team? How convenient.bpj wrote: ↑Thu Dec 12, 2024 2:33 pmAnd a TV network.D-train wrote: ↑Thu Dec 12, 2024 1:35 pmI have done the math and they have save well over 1/4 BILLION and counting because they are STILL under 2018 payroll. If you adjust for inflation it is probably close to $400M in savings that they have pocketed or flushed on Luxury seating areas, parking lots, Restaurant and Fish Costumes for the Salmon races.TraderGary wrote: ↑Thu Dec 12, 2024 6:06 am
Even if they just invested the profits back into the team and not use a dime of their own money, they would have more than enough payroll available to sign a couple legitimate middle of the order bats that this team so desperately needs and hasn't had in years. And they would make their millions or tens of millions in franchise equity when it came time to cash in.
No one is asking them to spend and go broke like a drunken sailor. Just INVEST in your fucking team the way any intelligent owner would, which would greatly increase the value of your franchise and make you even more money on your investment you fucking morons.
It still frosts my ass that when they had their "step back", they promised that when the time was right, they were going to open up the purse strings to build around the core and get us to a WS. It was all lies!! BLATANT FUCKING LIES FOR EVERYONE TO SEE!! They saved millions upon millions, and instead of investing it back into the team, all they did was pocket the money.
I gotta stop talking about this. All it does is make my blood boil.
I asked Grok how much they've lost. Exact numbers aren't known obviously, but doesn't seem like it's been a rosy deal for them.
The exact financial loss that the Seattle Mariners have incurred by purchasing the ROOT Sports network is not publicly detailed in straightforward figures due to the complexity of the business and the proprietary nature of such information. However, several points from available sources offer insight into the financial implications:
Initial Purchase and Revenue Expectations: The Mariners purchased a controlling interest in ROOT Sports in 2013, with the idea that it would be a significant revenue stream. This was anticipated to bring in millions over the long term through broadcasting rights and associated advertising.
Decline in Revenue: Over the years, the value of ROOT Sports as a revenue stream has significantly declined due to the broader industry shift away from traditional cable subscriptions. Reports suggest that by 2023, the financial impact was substantial enough to affect the team's financial outlook negatively, with sources indicating that the Mariners were "feeling" this impact.
Loss of Teams and Viewership: The departure of teams like the Seattle Kraken and the Portland Trail Blazers from ROOT Sports has further diminished the network's value. This loss of content has likely contributed to financial strain since these teams were part of ROOT Sports' programming, which in turn affects the network's attractiveness to subscribers and advertisers.
Operational Costs: With Warner Bros. Discovery exiting the local sports broadcasting business, the Mariners have taken on full operational costs for ROOT Sports, which includes production, distribution, and staff salaries, without the previous support. This transition has led to layoffs and budget cuts within ROOT Sports, indicating a direct financial burden on the Mariners.
Impact on Team Payroll: The financial constraints related to ROOT Sports have been cited as reasons for the Mariners' cautious approach to payroll and player acquisitions. For instance, John Stanton, the Mariners' managing partner, has acknowledged "substantial" revenue losses connected to ROOT Sports' uncertain future, suggesting that it has limited the team's financial flexibility in the market.
While these points collectively suggest that the Mariners have faced significant financial challenges from owning ROOT Sports, exact figures on losses are not publicly available. The situation appears to be one of diminishing returns rather than a one-time loss, with ongoing operational costs and revenue declines affecting the team's financial strategy.
Re: Santana signing within the next week.
Has anyone been to last seasons big offseason acquisition, the restaurant next door they bought to remodel?
Re: Santana signing within the next week.
Bought it in August 2022 so that is why we ended up with Wong Pollack and La Stella in 2023. I heard it is hemorrhaging money. This lease is through 2049 so that provides another quarter century of excuses.
https://www.kiro7.com/news/local/marine ... 6V4WVMISM/
https://www.kiro7.com/news/local/marine ... 6V4WVMISM/
dt
Re: Santana signing within the next week.
Given that this was a capital expenditure, it likely had nothing to do with the player payroll budget.D-train wrote: ↑Fri Dec 13, 2024 4:17 pmBought it in August 2022 so that is why we ended up with Wong Pollack and La Stella in 2023. I heard it is hemorrhaging money. This lease is through 2049 so that provides another quarter century of excuses.
https://www.kiro7.com/news/local/marine ... 6V4WVMISM/
Re: Santana signing within the next week.
BS money is fungible. It isn't illegal to reallocate funds internally.GL_Storm wrote: ↑Fri Dec 13, 2024 7:37 pmGiven that this was a capital expenditure, it likely had nothing to do with the player payroll budget.D-train wrote: ↑Fri Dec 13, 2024 4:17 pmBought it in August 2022 so that is why we ended up with Wong Pollack and La Stella in 2023. I heard it is hemorrhaging money. This lease is through 2049 so that provides another quarter century of excuses.
https://www.kiro7.com/news/local/marine ... 6V4WVMISM/
dt