The Official Miami Marlins "Sale of the Team" Thread

[tjfla]

I don't have a problem with Hill being elsewhere in the organization, just not the GM/whatever title Loria gave him.

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By which point 100M will still be the lowest payroll in the league?

Ya Gary Denbo is gonna be VP of Baseball/GM. Mike Hill's biggest decision will be to call Jeter or not that day to say Hi

100 million will be lowest but its like Milwaukee.They are the lowest this year because all the guys are young not because they are terrible. Santana/Broxton/Arcia/pitching all young which makes them cheap.

[fish16]

Ya Gary Denbo is gonna be VP of Baseball/GM. Mike Hill's biggest decision will be to call Jeter or not that day to say Hi

100 million will be lowest but its like Milwaukee.They are the lowest this year because all the guys are young not because they are terrible. Santana/Broxton/Arcia/pitching all young which makes them cheap.

Ya, while id obviously like to see us be at the very least a mid payroll team, it is more important that we get guys in here that know how to run a team in 2017 and especially realize market inefficiencies while running teams. Things like believing in platoons and not giving mediocre relievers like Tazawa and Ziegler contracts is the very basic in modern team building and can be done to produce a consistent winner for low payrolls.

[Nick]

Link please

heh

[Maddawg]

Here is a link to the whole presser from earlier today......

https://www.youtube.com/watch?v=eLhf...em-uploademail

[The_Godfather]

Is Samson gone yet??? When does he go?

[Namaste]

Maury Brown's take: http://www.forbes.com/sites/maurybro...n-the-marlins/

I'm not overly excited right now. Whole deal feels shady to me, we'll see what happens

How do you feel about it so far?

[rmc523]

http://www.miamiherald.com/news/loca...198019154.html

Jeffrey Loria’s lawyers have told Miami-Dade County not to expect any profit-sharing revenue from last year’s $1.2 billion sale of the Miami Marlins, according to documents released Friday.

The 2008 county agreement that had Miami-Dade fund the bulk of the $515 million government-owned stadium in Little Havana gave Miami-Dade and Miami the right to 5 percent of any profits Loria and partners might reap if they sold the team within 10 years. But Loria could deduct team debt, certain expenses and taxes tied to a sale, and county officials and team executives privately predicted Loria wouldn’t agree to give up any of his revenue from the October sale to Derek Jeter and partners. Loria bought the Marlins in 2002 for $158 million, and it’s described by the league and current ownership as a money-losing franchise.

Miami-Dade Mayor Carlos Gimenez, who voted against the 2008 financing deal as a county commissioner, said Friday the county may sue to collect revenue he thinks taxpayers are owed from the sale. Miami is eligible for a smaller portion of profits under the original deal, since the city paid for the garages around the stadium. Gimenez told reporters he rejected Loria’s suggestion there are no profits to share with taxpayers after the sale and that he probably walked away “with hundreds of millions of dollars in his pocket.”

...

In a brief report sent by Loria’s lawyers, his organization said the terms of the deal resulted in a profit-sharing calculation of zero. The reason? About $280 million in debt that lowered the profits from the $1.2 billion sale, plus an agreed-to underlying value of the franchise of about $625 million, based on it getting more valuable each year. Add in nearly $300 million in taxes tied to the sale by Loria and partners, and Loria’s accountants claim the sale amounted to a loss of $141 million. Loria also deducted the $30 million fee paid to the financial advisors hired to negotiate the deal.

Loria claims he lost $141 million on the sale of the Marlins. HAHAHAHAHA

[rmc523]

Miami Dade is suing Loria and the Marlins/new ownership over being cut out of the profits from the sale of the team.

http://www.miamiherald.com/news/loca...200635529.html

Miami-Dade is taking Jeffrey Loria and Derek Jeter to court over the former Marlins owner’s claim that the county is owed nothing from a profit-sharing deal tied to his $1.2 billion sale of the baseball franchise.

Joe Martinez, a Miami-Dade commissioner, said a county lawyer told him of the plan to sue both Loria and the current Marlins ownership over the 2009 profit-sharing deal that gave the county and the city of Miami a share of any profits that might come from a sale of the team after both governments helped build the franchise a new stadium in Little Havana.

Loria sold the team to Jeter and partners for $1.2 billion last fall, but recently claimed a paper loss on the transaction. The county deal allowed Loria to deduct a significant chunk of expenses from the profit calculation. That included capital gains tax on profit from the deal, and a $30 million from a financial firm working for him.