Jump to content
North Side Baseball
  • Replies 212
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Posted
I don't see how we can even compare the two situations. One ownership group paid cash for their team and immediately landed a historic mega deal for their TV rights. The other has a debt load that's possibly the worst in baseball that hampers them even attempting to "buy" a championship. If we had the same ownership the Dodgers do, we'd have a 200+ mill payroll right now, constructed a hell of a lot better than what the Dodgers have.

I'm sorry I really don't think you have it right here. The Ricketts bought the team with their own money. They took a loan FROM THEMSELVES to buy the team. The debt load is a paper trick so Zell doesn't have to pay windfall profit taxes or whatever they are calling it. Bud Selig said their debt ratio is ok. The Ricketts can afford to keep a payroll around 100m, they are choosing not to do that. I can understand why they are doing so, but I don't see any reason to not call a spade what it is. They're using money to rebuild Wrigley. However, the Cardinals did much the same thing a few years ago and didn't miss a beat. The Ricketts family and management need to stop getting a free pass at some point.

Posted
Cot's has the Cubs payroll obligations for this year at just under 107 million, after trades. If they drop it to 75-80 like some people are predicting, then they should very much be questioned. They haven't yet done that though.
Posted
Cot's has the Cubs payroll obligations for this year at just under 107 million, after trades. If they drop it to 75-80 like some people are predicting, then they should very much be questioned. They haven't yet done that though.

 

Cot's isn't including the money we dropped in trades in that total. And they do all kinds of weird things with signing bonuses and whatnot.

 

We're spending about $95m on MLB payroll this year after the trades.

Posted
Cot's has the Cubs payroll obligations for this year at just under 107 million, after trades. If they drop it to 75-80 like some people are predicting, then they should very much be questioned. They haven't yet done that though.

 

Cot's isn't including the money we dropped in trades in that total. And they do all kinds of weird things with signing bonuses and whatnot.

 

We're spending about $95m on MLB payroll this year after the trades.

 

Okay, quibble with signing bonus stuff all you want, I agree Cot's does some un-intuitive things because they don't want to act as interpreter. The end point is the same, the payroll has been hovering around that threshold this year. If a 100M payroll is your level for commitment, they've checked that box.

Posted
Cot's has the Cubs payroll obligations for this year at just under 107 million, after trades. If they drop it to 75-80 like some people are predicting, then they should very much be questioned. They haven't yet done that though.

 

Cot's isn't including the money we dropped in trades in that total. And they do all kinds of weird things with signing bonuses and whatnot.

 

We're spending about $95m on MLB payroll this year after the trades.

 

Okay, quibble with signing bonus stuff all you want, I agree Cot's does some un-intuitive things because they don't want to act as interpreter. The end point is the same, the payroll has been hovering around that threshold this year. If a 100M payroll is your level for commitment, they've checked that box.

 

I'm not particularly sure it did, unless you want to count things like Soler and Concepcion on the MLB payroll. And even then, I'm not sure we ended up spending $100m this year.

Posted
Cot's has the Cubs payroll obligations for this year at just under 107 million, after trades. If they drop it to 75-80 like some people are predicting, then they should very much be questioned. They haven't yet done that though.

 

Cot's isn't including the money we dropped in trades in that total. And they do all kinds of weird things with signing bonuses and whatnot.

 

We're spending about $95m on MLB payroll this year after the trades.

 

Okay, quibble with signing bonus stuff all you want, I agree Cot's does some un-intuitive things because they don't want to act as interpreter. The end point is the same, the payroll has been hovering around that threshold this year. If a 100M payroll is your level for commitment, they've checked that box.

 

I'm not particularly sure it did, unless you want to count things like Soler and Concepcion on the MLB payroll. And even then, I'm not sure we ended up spending $100m this year.

 

I get 101 million opening day without counting Soler, Concepcion, buyouts, and only counting guaranteed money + minimum contracts to fill out a 25 man roster(i.e. Baker & Stewart count).

Posted

 

i have a hard time getting upset with ricketts, though. hell, if i had a chance to buy a baseball team, i'd do whatever i could to make it happen. if the financing is a mess and ownership is going to have a hard time spending money due to massive debt, then the other owners/commissioner's office shouldn't have approved the sale in the first place.

Posted

 

i have a hard time getting upset with ricketts, though. hell, if i had a chance to buy a baseball team, i'd do whatever i could to make it happen. if the financing is a mess and ownership is going to have a hard time spending money due to massive debt, then the other owners/commissioner's office shouldn't have approved the sale in the first place.

 

This is silly. Would you have a hard time being upset with Jeff Loria?

Posted

 

i have a hard time getting upset with ricketts, though. hell, if i had a chance to buy a baseball team, i'd do whatever i could to make it happen. if the financing is a mess and ownership is going to have a hard time spending money due to massive debt, then the other owners/commissioner's office shouldn't have approved the sale in the first place.

 

This is silly. Would you have a hard time being upset with Jeff Loria?

 

no, because he is a despicable human being as well as a terrible owner. i don't need to tell you all of the pathetic things that loria has done with the expos and marlins in the past 15 years.

 

but it is true that the other owners and the commissioner's office bears responsibility for bringing the presence of such a shitty person into the game.

Posted
I mean, how many years is he given a pass because it sure would be fun to own a baseball team?

 

i suppose i'm in the same boat as TT (above). if they're spending like $100-105m and continuing to pour money into the draft, international free agency, upgrading wrigley and other facilities, etc, i'm okay with that. obviously i'd want them to spend more, but i understand. if the big league payroll is something like $75-80, as some people have suggested, then that puts the cubs down in the bottom 10 payrolls in baseball, with teams like pittsburgh and oakland and minnesota. if that happens, then absolutely i'll bashing the hell out of ricketts.

Posted
and if the payroll drops that low, then i'll really start to worry about what happens with epstein and hoyer. i'd like to see them here long term, but i assume they didn't come to the cubs to see payroll slashed in half and start operating as a small market team. if they're looking at payrolls in the area of $75-90m for the next 2-3 years, i suspect that epstein and hoyer start looking to make a move out of town as soon as possible.
Posted
and if the payroll drops that low, then i'll really start to worry about what happens with epstein and hoyer. i'd like to see them here long term, but i assume they didn't come to the cubs to see payroll slashed in half and start operating as a small market team. if they're looking at payrolls in the area of $75-90m for the next 2-3 years, i suspect that epstein and hoyer start looking to make a move out of town as soon as possible.

The Cubs are the most profitable team in basesball if you believe that [expletive] article.

Posted
and if the payroll drops that low, then i'll really start to worry about what happens with epstein and hoyer. i'd like to see them here long term, but i assume they didn't come to the cubs to see payroll slashed in half and start operating as a small market team. if they're looking at payrolls in the area of $75-90m for the next 2-3 years, i suspect that epstein and hoyer start looking to make a move out of town as soon as possible.

The Cubs are the most profitable team in basesball if you believe that [expletive] article.

Considering the spokesperson for the Cubs didn't deny it, maybe you should believe it.

Posted
and if the payroll drops that low, then i'll really start to worry about what happens with epstein and hoyer. i'd like to see them here long term, but i assume they didn't come to the cubs to see payroll slashed in half and start operating as a small market team. if they're looking at payrolls in the area of $75-90m for the next 2-3 years, i suspect that epstein and hoyer start looking to make a move out of town as soon as possible.

The Cubs are the most profitable team in basesball if you believe that [expletive] article.

Considering the spokesperson for the Cubs didn't deny it, maybe you should believe it.

Even more reason to be frustrated with the ownership. [expletive] doesn't add up.
Posted
Unfortunately, I think it adds up perfectly. Papa Joe is only putting so much into this and is making his kids "earn" the rest. The debt structure benefits both Zell and Ricketts. The kids sold Papa that it was a solid investment and would eventually pay for itself. Thinking a new TV deal and renovation money would do it. Naively thinking the renovation money would already be in place, in all likelihood. So, for now, we're in limbo. Payroll drops because attendance is dropping and won't change until either A) the team gets good because of young guys coming through earlier than expected or B) we get added revenue from the renovations that can be put back into the on-field product. Until then, Papa Joe counts his money and hopes his kids are enjoying their cool, new toy.
Posted
and if the payroll drops that low, then i'll really start to worry about what happens with epstein and hoyer. i'd like to see them here long term, but i assume they didn't come to the cubs to see payroll slashed in half and start operating as a small market team. if they're looking at payrolls in the area of $75-90m for the next 2-3 years, i suspect that epstein and hoyer start looking to make a move out of town as soon as possible.

The Cubs are the most profitable team in basesball if you believe that [expletive] article.

Considering the spokesperson for the Cubs didn't deny it, maybe you should believe it.

Highest operating income, not net. EBITDA

Posted
Unfortunately, I think it adds up perfectly. Papa Joe is only putting so much into this and is making his kids "earn" the rest. The debt structure benefits both Zell and Ricketts. The kids sold Papa that it was a solid investment and would eventually pay for itself. Thinking a new TV deal and renovation money would do it. Naively thinking the renovation money would already be in place, in all likelihood. So, for now, we're in limbo. Payroll drops because attendance is dropping and won't change until either A) the team gets good because of young guys coming through earlier than expected or B) we get added revenue from the renovations that can be put back into the on-field product. Until then, Papa Joe counts his money and hopes his kids are enjoying their cool, new toy.

 

All of this.

Posted
Unfortunately, I think it adds up perfectly. Papa Joe is only putting so much into this and is making his kids "earn" the rest. The debt structure benefits both Zell and Ricketts. The kids sold Papa that it was a solid investment and would eventually pay for itself. Thinking a new TV deal and renovation money would do it. Naively thinking the renovation money would already be in place, in all likelihood. So, for now, we're in limbo. Payroll drops because attendance is dropping and won't change until either A) the team gets good because of young guys coming through earlier than expected or B) we get added revenue from the renovations that can be put back into the on-field product. Until then, Papa Joe counts his money and hopes his kids are enjoying their cool, new toy.

 

All of this.

 

I really hate how much this seems to add up.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
The North Side Baseball Caretaker Fund
The North Side Baseball Caretaker Fund

You all care about this site. The next step is caring for it. We’re asking you to caretake this site so it can remain the premier Cubs community on the internet. Included with caretaking is ad-free browsing of North Side Baseball.

×
×
  • Create New...