2SeamHeat
I Know Nuffing!!!!!
- Joined:
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Not necessarily, we are like 300 Million + in debt after all.
Which was over $700M at the time of the purchase... and spending on payroll went from $135M to $146M after it. The actual payroll for the team this year is around $140M after multiple callups that now have to be paid MLB league minimum.
Rickets has also been on the record as saying the debt situation will not effect how the team spends on payroll. Why would it when they rake in revenue around $250M per season (based on basic figures of annual attendance, average ticket prices, average concession prices, TV revenue deals)? The team could put out a $150M payroll, still put $50M to the debt, and still walk away with a profit... not a high profit... but a profit. And, my $250M annual revenue is probably low-balling it a bit as I only averaged $10/ticket for concessions, did not include radio rights, and did not include the team's share of the merchandising deals with the MLB/MLBPA. You can probably add another $30M there.