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Marlins Source Claims Team Lost $40 Million in 2012

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  • Marlins Source Claims Team Lost $40 Million in 2012

    ### Marlins: The 2013 payroll projects to $32.5 million, but it’s $45 million counting money they owe other teams from salary-dumping trades. An MLB Players Association source said if owner Jeffrey Loria doesn’t increase their payroll in the coming months, they plan to pursue the issue with commissioner Bud Selig.

    “We don’t have to wait until next October to pursue it,” the source said. If the Marlins don’t raise payroll in 2013, former commissioner Fay Vincent expects “the commissioner and union will strongly encourage Loria to spend some money. They can make it very uncomfortable if he doesn’t.”

    In 2010, the MLBPA forced an agreement with MLB that required the Marlins to boost their payroll for three years. It jumped immediately, from $37 million in 2009 to $46 million in 2010. According to MLB’s Basic Agreement, any club that receives money from revenue sharing must use those funds “to improve its performance on the field.”

    But the Marlins privately believe MLB won’t force them to increase payroll during 2013 or before 2014 for a couple of reasons: They assert they lost $40 million last season and won’t make much, if anything, this season, because they expect attendance and associated ballpark revenue to plummet. MLB and the players union are given the Marlins’ books.

    Also, the Marlins expect to collect much less in revenue sharing this year (between $10 million and $15 million) than past years. They reportedly averaged $33 million annually in revenue sharing from 2002 to 2010. Another MLBPA/Marlins conflict is inevitable, and it will be interesting to see how Selig deals with it.
    Read more here: http://miamiherald.typepad.com/sport...#storylink=cpy

    They won't make a profit this year? Seriously? They think people are that stupid? With next payroll they will breakeven and more before selling a single ticket. Starting in 2014, they will have $75 million in the bank from national TV contracts alone.

    These people are clowns.

  • #2
    How much money did they get in revenue sharing last year?
    God would be expecting a first pitch breaking ball in the dirt because humans love to disappoint him.
    - Daft

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    • #3
      Win MOAR games.

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      • #4
        What is the value of franchise from 2010 to right now, including the building Miami-Dade put $450 million into

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        • #5
          These guys always have an excuse as to why they are losing money... we need concessions and parking... we need luxury suite revenues... I find it hard to believe they are losing that much money with all of these additional funds coming in now.

          I understood it in the old stadium when all they got was a cut of the ticket sales, but this excuse doesn't seem to work anymore. They are basically saying if they sold out every single game or even got the avg attendance they predicted they still would have lost money?

          I'm sure if this team was constantly losing money Loria would have sold it by now.

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          • #6
            Originally posted by kylekash View Post
            I'm sure if this team was constantly losing money Loria would have sold it by now.
            Exactly, why own the team if you can't make a profit, and your team sucks, and everyone in their mother hates you ?

            I have to go off the hope is that he is setting things up for a sale of the team in 2014. I think I have read here that they have no contracts that last beyond 2013 and everyone else is club-controlled or arbitration elgible in 2014. Is this right ?

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            • #7
              Didn't they claim to lose $30 million the year Deadspin's leaked docs showed they made $20 million(?)

              I think it's remarkable that they've stood and shouted to anyone that would listen that they couldn't profit at Pro Player and they'd routinely lose tens of millions there and that they need a new facility to be profitable to then get that new facility and lose, allegedly, tens of millions of dollars. They're clowns.

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              • #8
                Originally posted by oakelmpine View Post
                Exactly, why own the team if you can't make a profit, and your team sucks, and everyone in their mother hates you ?

                I have to go off the hope is that he is setting things up for a sale of the team in 2014. I think I have read here that they have no contracts that last beyond 2013 and everyone else is club-controlled or arbitration elgible in 2014. Is this right ?
                The two guaranteed money contracts on the Marlins in 2014 are Heath Bell ($4) and Jeff Mathis ($1.5). As for arbitration, Stanton, Morrison, Ruggiano, and half the bullpen will be up. You can safely say that will roundball (if everyone is even kept and performs as expected) to maybe like $22. If everyone else on the roster is club controlled, that's about another $8 guaranteed.

                So 2014 payroll will have about $35ish on the books. Let's say $40 million throwing in Ozzie Guillen, and a few MLB contracts in minors (like a Cox).

                Easily the least liabilities of any team in baseball, and Stanton will be 25% of that number more than likely. Morrison/Cishek/Ruggiano/LeBlanc is probably another 25%, i.e. easily shedable if need be.

                He's in a good position to "sell" with no players on massive contracts that could impact things if you want to read it that way.
                --------------------
                Originally posted by Swifty View Post
                Didn't they claim to lose $30 million the year Deadspin's leaked docs showed they made $20 million(?)

                I think it's remarkable that they've stood and shouted to anyone that would listen that they couldn't profit at Pro Player and they'd routinely lose tens of millions there and that they need a new facility to be profitable to then get that new facility and lose, allegedly, tens of millions of dollars. They're clowns.
                As a side note, when they called to ask me to renew, ticket rep definitely told me they had a sales meeting during the winter and Samson told them they lost $40 million. This number has been floating for awhile.

                No. Fucking. Way. And that's ignoring franchise/building equity gains for Loria which is what, half a billion? $400?
                Last edited by lou; 01-22-2013, 03:38 PM. Reason: Doublepost Merged

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                • #9
                  At least we know where the Iraqi spin team went after Baghdad fell.
                  God would be expecting a first pitch breaking ball in the dirt because humans love to disappoint him.
                  - Daft

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                  • #10
                    Originally posted by Sandroimbuto
                    The loss is after payout to all the dummy corporations.
                    Clown corporations

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                    • #11
                      Originally posted by lou View Post
                      Clown corporations
                      yep.....clowning their way to the bank.

                      And yet Selig and the rest of MLB lets them get away with it.

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                      • #12
                        ehe
                        poop

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                        • #13
                          Originally posted by Sandroimbuto
                          The loss is after payout to all the dummy corporations.
                          You probably hit the nail on the head.

                          A quick search on the state of Delaware's website shows Miami Stadium Operator, LLC exists.

                          Huizenga held stadium revenue in 1997 under Huizenga Holdings, LLC and reported a $30 million loss with the team.

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                          • #14
                            Yeah, I remember Huizenga always complained about losing money on the Marlins... problem was he also owned the stadium under a separate entity, so although the Marlins were losing money, he was still profiting overall. Then he sold the team with the worst stadium deal ever and screwed every other owner. I was going to say they probably are recording losses after all the bonuses and payouts they are making to themselves. We all know why they won't let anyone dig into their books.

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                            • #15
                              Beef, no?
                              God would be expecting a first pitch breaking ball in the dirt because humans love to disappoint him.
                              - Daft

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