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I knew that the league's national television contracts is back end loaded with most of the $58M/team coming in the late pennant race and the playoffs, but the RSN rebate angle is really diabolical. I can see Manfred sitting in his office on a zoom telling the owners that we 2/
— eugenefreedman.bsky.social (@EugeneFreedman) March 3, 2022
That's the play here. Get the full 6/6 from RSNs but only pay 5/6 of the cost of the season. It's a 16.67% raise in profitability by maintaining the lockout through April.
Sure, they're locking out the players, but they're also scamming their TV partners at the same time. /end— eugenefreedman.bsky.social (@EugeneFreedman) March 3, 2022
I do not fault the owners for following an advantageous strategy. It sounds like they were smart going about negotiating the TV contracts. It puts the players union in a position where they would have to hold out the whole season and post season to put a financial pinch on owners. They will probably cave before that, IMO. On a local note, I imagine companies that lease space at Ballpark Village have to keep on paying rent while they ride it out.
Many, many people / businesses are impacted by the MLB lock out well beyond owners & players.
The covid shutdowns / capacity restrictions impacted almost everyone but the service industries got hit the hardest.
Rampant inflation is pinching all of us right now as fuel prices coupled with supply chain issues are driving the price of almost everything up.
The general situation isn’t really great for most folks right now due to reasons far beyond their control.
I don’t have a lot of patience or sympathy for baseball’s ‘self inflicted wound’.
When it is said and done, the millionaires on both sides will still be millionaires, and the little people will dust themselves off and que up for more abuse.
Are we close to getting the Federal government involved in this? Can’t President Biden assign a federal mediator(s) to resolve this issue?
Speaking of the innocent people hurt by the lockout, it is the players who are helping them out financially.
FOR IMMEDIATE RELEASE:
Players launching $1 million fund for workers affected by MLB owners’ lockout@mlbpa | @AFLCIO pic.twitter.com/M2UIxPD4lO— MLBPA Communications (@MLBPA_News) March 4, 2022
Meal money? My goodness!
Sources: Angels, Diamondbacks, Reds and Tigers owners opposed MLB luxury tax increase to $220 million. MLB also proposed including player meal money in calculation of luxury tax, which irked players. https://t.co/gBKrqAx9wV
— Evan Drellich (@EvanDrellich) March 4, 2022
Are we close to getting the Federal government involved in this? Can’t President Biden assign a federal mediator(s) to resolve this issue?
It might get to that at some point but I would imagine Biden has bigger fish to fry at the moment considering the situation in Ukraine.
Some have been quite critical about the teams records not being public. Private companies do not show their records. While MLB teams may not want to show their real finances so the players will not demand more there are other reasons for staying private.
Most companies go public to raise money to expand and develop new products. Also it is a significant pain to go public and sell stock because of government regulations and red tape. Small companies used to go public early but of late they can’t afford to until they are big enough to handle the extra cost and manpower to navigate the regulatory system. The retail investor like many of us don’t get the chances to cash in on a new company going public as they did when Apple and others went public. I really don’t know why Atlanta became a public company. Major league teams are not expanding. They just wiped out my minor league fun with their contraction which took Johnson City out.
One of the big companies still private in Chick-Fil=Et. I would jump all over a chance to invest in that company. Somehow they have managed a massive expansion without going public.
Sooner asked:
I really don’t know why Atlanta became a public company.
Because they are part of a publicly traded company, Liberty Media. They are not hurting as they also own Sirius/XM and Formula One Racing.
IMO, the issue with baseball is that most financial observers believe that MLB is not being honest about its finances. When Bill DeWitt recently said, “Baseball is not very profitable”, BS meters all across the country went off. Although, with the right creative accounting, that can probably be spun.
Without materially hurting their businesses, owners could afford to pay all players more – MLB and minors alike. They choose not to. The minors players have no say in the matter which is precisely why their conditions have been bad for decades. MLB players would be in the same boat today if they hadn’t organized.
The difference with Chik-Fil-A is that if I don’t want to patronize them, I can go to Popeye’s or KFC and still get a pretty good chicken sandwich. On the other hand, MLB is essentially a monopoly – with the support of our government.
I was just going to wait this out without picking a villan, but the info BlackHillsCard shared about the TV money has swayed me.
I was assuming both parties would lose money if games were cancelled, but it seems the owners will profit while the players lose salary.
This hidden agenda of TV $, and the owners lockout stall tactic, is the opposite of bargaining “in good faith”, by the owners.I don’t think the govt has any business getting officially involved in this negotiation.
Baseball, like any other form of entertainment, is not essential.
Like anyone else, politicians can have an opinion but that needs to be the extent of their involvement unless they want to change the legal status of MLB that allows it to operate as a ‘legal monopoly’.
Doing that would surely stir things up, lol.
I am thinking the relatively short term loss of a missed season would be for the long term good. Owners, players, vendors, media companies, everybody loses big money, except for the fans. Maybe they are all overplaying their hands considering that it is all unessential and becoming more so as time goes by.
They were meeting today (Sunday). Anybody have any news regarding that?
https://www.si.com/mlb/rangers/news/cba-negotiations-deadlocked-mlb-mlbpa-lockout
Still deadlocked as of today’s meeting (6 March).
I wonder what each side really wants to get to a deal and what they might actually compromise on?
If it has gotten emotional on both sides and / or the owner’s intent is to break / weaken the player’s union then we might be in for the long haul here.
Some have been quite critical about the teams records not being public. Private companies do not show their records. While MLB teams may not want to show their real finances so the players will not demand more there are other reasons for staying private.
Except the salaries for their players are public.
This feels like a reasonable summary.
Both sides believe they’ve made many major concessions and the other side has made very few. Both sides believe the other is being unreasonable. The one thing both sides agree on now? That we may be in for quite a wait.
— Jon Heyman (@JonHeyman) March 7, 2022
Are these rule changes official? Set in stone?
https://www.msn.com/en-us/sports/mlb/mlb-world-reacts-to-shocking-rule-changes/ar-AAUKgLF?li=BBnbfcL
No, Rats. Heyman’s tweet said this…
“…subject to those agreements fitting into a total deal.”
Items come on and off the table and others get changed as tradeoffs are made. Nothing is set until the agreement is signed.
Players union agreed to allow MLB to ban shifts, implement a pitch clock and make bases larger in 2023, subject to those agreements fitting into a total deal. Union also rejected Robo umps for ‘22/‘23. MLB goal: to be able to streamline the process and add excitement ti the game.
— Jon Heyman (@JonHeyman) March 6, 2022
Sources: MLB, MLBPA lawyers met today, planning to meet again tomorrow. MLB has suggested Tuesday as deadline, in its eyes, for 3 things: play 162 games, and for players to get full pay & full service time. But, pay/service/sked can’t be unilaterally chosen—needs to be negotiated
— Evan Drellich (@EvanDrellich) March 8, 2022
Not sure the appropriate place for this but considering this thread is about money, MLB has a new a TV partner. MLB just loves making it harder for fans to watch their teams play instead of grown the damn game.
Major League Baseball's newest TV partner: Apple.
At the company's event today, it announced a deal with the league to carry a Friday Night Baseball doubleheader on Apple TV+ starting this season. Games will be exclusively broadcast on the streaming service.
— Jeff Passan (@JeffPassan) March 8, 2022
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