• Oooops. MLB Financial Statements Leaked

    Posted by on August 23rd, 2010 · Comments (1)

    There’s about a year-and-a-half or two years to go on the current collective bargaining agreement between Major League Baseball and its union, so soon we should begin hearing the drumbeat of competitive balance, teams losing money and the need for a salary cap (i.e. cost control for the owners).

    Historically, MLBPA has pushed management to open its books and show these losses, something MLB has been loathe to do.

    Well now, the financial statements from the Pirates, Marlins, Mariners, Angels and Rays have all been put out there in the ether by those rascals at Deadspin.

    A lot of it is pretty opaque, at least to my non-accountant’s eye, but Maury Brown has already looked at the Pirates and has begun looking at the rest of the treasure trove.

    How is this Yankee-related? Well, any cost containment system is really, by default, a “Yankee tax.” So, for comparison’s sake, I for one hope the next round of financial data that comes out is the Yankees, or, if the Bombers brass were interested in message control and framing the debate, I’d be interested in seeing them voluntarily open their books.

    Several years ago there were reports the Yankees were losing between $50 and $85 million, figures that if true and disclosed would give the Yankees a bat and ball to play with when discussions of more revenue sharing and luxury taxes come up.

    Comments on Oooops. MLB Financial Statements Leaked

    1. Raf
      August 23rd, 2010 | 11:15 am

      Several years ago there were reports the Yankees were losing between $50 and $85 million…

      “Under generally accepted accounting principles, I can turn a $4 million profit into a $2 million loss, and I can get every national accounting firm to agree with me.”- Paul Beeston

      I doubt that the Yanks were losing money; it may have shown up that way in the books, as per Beeston’s example, but given the way the Yanks have been going, I have a hard time believing that they were losing money.

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