Yankee annual revenues in dark blue; Yankee annual team payrolls in light blue. |
It compares annual Yankee franchise revenues (dark blue) to the team's payroll (light blue.) The revenue figures come from Forbes, the payroll numbers from Cots Baseball Contracts. These are not made-up numbers. Look, look, LOOK, DAMMIT... as revenue is skyrocketing, payroll is actually shrinking. In one agonizing illustration, we are presented with the crushing reality of the modern New York Yankees:
Our owner doesn't give a fuck about winning.
Read it and weep... or better, seethe. As you can see, the Yankee ownership - which not all that long ago regularly directed 75 percent of team revenues toward player salaries - today allocates about 33 percent to the on-field hired servants. The rest lines the greasy, gold-threaded pockets of the Steinbrenner family/cartel.
By the way, this chart ignores the 20 percent interest Hal Steinbrenner owns in the YES Network, which is believed to have a net worth greater than the Yankees. Hal is partnering with Sinclair Broadcasting (the Fox News of local TV) in an attempt to buy controlling interest in the network. The family's wealth, already boundless, just continues to grow. Remember that when you by an Aaron Judge fake jersey for $150.
This chart should make every Yankee fan vomit into a bucket, drive to Yankee Stadium, and pour the contents onto the turnstiles. This is an ownership model worthy of Vladimir Putin or some South American dictator, designed for no other purpose than to siphon money from the working class. Are the Steinbrenners going to live on an island? The Yankees gouge on everything they sell, from season tickets to paperweights, and yet the owner has the audacity to poor-mouth in public, telling us the team won't take part in free agent auctions, because the prices are too high. And the mainstream media, for the most part, recycles these well varnished turds without even a wince.
Since this came from Reddit, I want to give the author - "u/constant_gardner11" -a few words.
Let’s say for the sake of debate, that the Yankees earned $630 million in revenue in 2018. It’s likely to be much higher than that, but let’s use that number. Here’s where their payroll would have been if they increased the percent of revenue spent on players. NYY payroll would be at $252 million at 40 percent, $315 million at 50 percent, and $378 million at 60 percent. You could add Harper ($30m AAV), Machado ($30m AAV), Corbin ($25m AAV), Robertson ($12m AAV), Britton ($12m AAV), and Lowrie ($12m AAV), for example, and stillspend less than 45 percent of revenue on player payroll.
Listen: Nobody is saying the Yankees should buy every free agent in captivity (and disregard their farm system, a counter-productive plan)... but as Boston chases its second straight world championship, this organization seems to think it can hoodwink the fans by claiming its cupboard is bare. That must not happen.
Okay, okay... we still don't know how this winter will progress. Maybe the Yankees are shrewdly lying in wait, preparing to pounce on - say - Bryce Harper or Manny Machado, or the cast of Glee. We'll see. But increasingly, such notions feel like wishful thinking. Sometimes, when everybody says it's raining, it's actually raining. More than ever, Food Stamps Hal must be held accountable for his spending policies. The question no longer can be, who's pitching tonight? Yankee fans everywhere need to start asking... Where is the money going?
22 comments:
There you go. Case closed. Thank you, Duque. I don’t think it’ll make a difference, but it would be nice to find a way to publicize this. The super rich in this country have come to think that their obscene greed is now OK. They used to be more discreet about it. The big question is what do we do now? I would love to let them know that I am boycotting them because of this, but I don’t think they care. I’m going to mull on this as I walk the dog down here in Florida today.
It's not actually raining at all. Hal is pissing on our boots.
duque, you have to give the Steinbrenner clan at least SOME credit. They actually do care about winning. just enough winning, that is, to maximize the margin.
this blog has been hammering the point for months. now we see the rest of the Yankeeverse is catching on. finally.
This picture is literally worth a thousand words,,,,
You have all been saying this in so many words, for so many years, it's beyond disgusting! Until management starts spending, my Stadium boycott continues.
I walked the dog. His poop was as perfect tootsie roll. All is well with the world.
All is not well with the Yankees. I think we need to find a way - all jokes aside - to let them know that they need to do more BECAUSE THEY ARE THE YANKEES.
I'm sure they compare their spending to other teams in the league. That's a false comparison. They can only compare themselves to themselves. When they do that, they fall miserably short, as this chart shows.
I guess this is what happens when something becomes a business more than a passion. It happened to Fender Guitars when - ta da - CBS bought them in 1966. They just managed to survive and were sold to and resuscitated by some of their employees a decade and a half later. the bean counters almost destroyed them. Whereas Leo Fender had focused on a quality product, even if it meant spending a bit more to make it, the accountants at CBS found little ways to cut corners. Little corners, but still cuts. Slowly, the products began to suffer.
I'm sure that, deep in the bowels of the Yankee organization, they don't pretend it's about baseball or winning. I'm sure there are rooms where the workers use the word "product" when they discuss the assemblage of men on the field. There is even a chance that Harold Zieg Steinbrenner and Brian Cashman use that word when nobody else can hear them. "We're putting a good product on the field."
Anyway, I'd like to let them know that we're on to them and that this is unacceptable. Maybe they need to lose some more. I don't know. I'm not going to abandon my team, such is that awful loyalty, but I may start to watch other teams a bit more. I don't know. Maybe I'll just forget about baseball for a while. It's not simply them not spending what they need to spend. It's about them not caring. We all know they would like to win but, in the possible words of Dirty Harry, "How much do you want to win?"
Are you feeling lucky?
Minor League Baseball is a lot of fun. And cheaper.
You're right, I'm Bill White. They're also still hungry, from the managers to the players. They still have something to play for.
We are trapped in the snare of The Threadbare Billionaire.
Side note:
Headline from NYPost Page Six: Randy Levine's distant relation......zowie!!!
https://pagesix.com/2019/01/08/yankees-randy-levine-is-related-to-marie-antoinette/
No, I don't read the Post. But this headline screamed at me. And in the part of my life that I spend as a Yankees fan (i.e., ALL of it) -- I could really use a laugh.
Another side note...
https://elitesportsny.com/2019/01/09/new-york-yankees-fans-must-keep-faith-brian-cashman/amp/
What I'd really like in 2019 is for these stupid fucking "Yankees" news publication to stop telling us fans how much we need to trust Cashman and how we shouldn't chastise his moves as if he's the 2nd comin of Christ....
We trusted Cashman which produced
1 measly championship in the last decade
Hitting coaches that don't amount to a hill of beans
Larry Rothschild
Aaron Fuckin Boone
Sonny Gray
GianKarlo
Constant prospect flameouts and trade outs
I'm convinced the ones we keep are despite him not...all these years led to believe The Boss was the Problem holding Cassman back
Now what's the excuse..
I guess if Sinclair teams up with Hal to buy back YES they will make it mandatory that Boris Epshteyn's commentary be carried on every Yankee pregame show.
Speaking of Steinbrenner exploiting the working man, I posted this a couple of months ago. The Kid From Brooklyn (not Ken or Joe FOB) and his rant on the Yankees prices at the new stadium. The prices have doubled from when he posted this in '09
https://www.youtube.com/watch?v=_AViLfaXmdA
The Fenders analogy is spot on, 13bit. When CBS bought them, they were worth about the same amount the Yanks were, when CBS bought them the year before. So was the road show of "Hello, Dolly!"
It was Steinbrenner who revived the franchise. Oh, he got lucky, in that if baseball had managed to keep the reserve clause, I don't think he ever would have had the patience to build from the ground up.
BUT...when circumstances DID change, he understood the ballyhoo and the bluster. He brought in the big stars, and built the big show. At times it looked like a three-ring circus, and it almost got completely out of hand. But he made it work.
Now his kids don't have to spend money to make money. They just make money by sitting on the golden egg. Uh-oh.
In general, this is why unregulated capitalism never works.
Oh, we're all capitalists now, I suppose. But capitalism is like a really powerful machine that, if you don't know how to run it, will drive right off a cliff, and take everybody with it.
Apologists for capitalism like to pretend it consists of all these brilliant entrepreneurs, competing against each other to drive down prices and improve products, with only the best emerging and the worst going down with a brave shrug and "Hurrah for Adam Smith!" on their lips.
Nope. It's a competition of brilliant entrepreneurs, all right—to the point where they say, "Okay, what are we doing? We can make much more money by forming a cartel or a monopoly!"
So it is again. The players are now being paid so much that it is pointless for them to strike. The teams are so rich that it would be impossible for some rival new league to challenge them. Nobody enforces the anti-trust laws anymore.
Nope. We are stuck with the whims of Hal.
Hoss,
Sometimes the invisible hand is just a middle finger.
Doug K
There's always European soccer/football. Join me on the Dark Side.
And there's always cricket too...NY will have a team soon..
https://www.sbnation.com/2017/3/1/14725986/jay-pandya-interview-cricket-usa-2-billion-investment
Doug K., have you seen the hilarious Tom Tomorrow cartoons in which the Invisible Hand is represented as a super hero? His head is a giant hand, with his face in the palm. Everybody keeps saying, "If you're invisible, why can I see you?"
Hoss, Bravo for the Tom Tomorrow plug; Dan Perkins is the genius of political cartooning, imho. I'm very proud of the fact that Dan (creator of TT) originated from Iowa City, one of my old stomping-grounds. Sad to say, I left there just a bit before Dan began his career, so I've never actually met him - - but I correspond by e-mail (through Kickstarter) a few years back, and bought one of the limited-edition copies of the complete first 25 years of Tom Tomorrow - - giant-size, beautiful, and inscribed by Dan.
Kudos to duque, too, for giving us that very un-pretty picture of the greed of Halligator-Arms "Food Stamps" Stone-Burner. Not to be denied!
IF Halligator successfully pardons with Sinclair (the lyin'est TV network of all - - a league worse than Rupie's Boyz - - that WILL be it - - never will I spend another nickel on ANYTHING promoted by this miserable partnership. Period. I pledge, here and now - - not another licensed hat, nothing. LB (No J)
...make that correspondED - - past tense through Kickstarter; didn't mean to imply that I was in touch currently - - only prior to the publication Tom Tomorrow: the Complete First 25 Years. LB (No J)
Hoss,
Yes. TT is definitely one of the better ones out there.
Doug K.
i'd like to see similar graphs for other contending teams, starting with the two 2018 Pennant winners.
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