MLB owners trying to cut salary by 70% by pitting rich players vs poor players

[concise]

Facts. These owners SHOULD have this money available. As we see with companies filing for bankruptcy a few weeks into this pandemic, somehow only us regular people are suppose to have 3-6 months on hand for emergencies, and these owners' worth and cash on hand are inflated. Most of these big 'net worth' amounts are in real estate, stocks and proposed value in businesses. All inflated, fake numbers. 80-90% of businesses, people, etc. arent really cash liquid and ready for the smoke.

This has been the one good thing about the pandemic, everyone gets to see that how these big corporations and billionaires are basically living week to week like most little people.
And they're out here giving us advice that they can't and won't follow themselves.

 

[concise]

Ok. So what would YOU as an owner do if (using Washington Nationals numbers since they had average attandance of around 64%):

-you are losing $75 million in tickets sales (no fans for season, loss of 100%)
-you are losing $70 million in TV contract revenue (50% of season, usually get $140 million/year total)
-still paying $86 million in salary (50% of $172 million salaries for 2019)

In 2019, YOU, the Nats owner netted $42/$43 million ($75m-ticket, $140m- TV, $215m total minus $172m salaries)
Now, in 2020, YOU bring in $70m TV, $0 ticket, but pay out $86m salaries for a $16m LOSS, before any operating costs for your stadium.

Are you as the owner eating that loss?

So what you're saying is ... if they don't play any games this year, they're about to be NHL status?

 

[charknicks]

So what you're saying is ... if they don't play any games this year, they're about to be NHL status?

Yes and no. They will be NHL status as far as bringing in money because of no fans/merchandise/ticket sales/parking/concessions. All of that is MILLIONS of dollars that none of these owners will see. Not only will it fukk things up now, but years down the line for these players and us fans when we go back to the games, as well as future MLBPA agreements for profit sharing. These players should fight to get their money for 2020, but its not cut and dry.

Also, the NHL and NBA played 85-90% of their season, so players and owners got most of their money, lucky for them. Football still have a couple months to hope things clear up. Baseball got screwed with the pandemic timing for sure, plus they have the longest season

 

[Rekkapryde]

Ok. So what would YOU as an owner do if (using Washington Nationals numbers since they had average attandance of around 64%):

-you are losing $75 million in tickets sales (no fans for season, loss of 100%)
-you are losing $70 million in TV contract revenue (50% of season, usually get $140 million/year total)
-still paying $86 million in salary (50% of $172 million salaries for 2019)

In 2019, YOU, the Nats owner netted $42/$43 million ($75m-ticket, $140m- TV, $215m total minus $172m salaries)
Now, in 2020, YOU bring in $70m TV, $0 ticket, but pay out $86m salaries for a $16m LOSS, before any operating costs for your stadium.

Are you as the owner eating that loss?

Pay in accordance to the revenue received proportional to the contract once play resumes.

 

[Rell Lauren]

This has been the one good thing about the pandemic, everyone gets to see that how these big corporations and billionaires are basically living week to week like most little people.
And they're out here giving us advice that they can't and won't follow themselves.

They're not living week to week like you or I. They could liquidate their holdings, but that's not something that's done overnight. You sell a large number of stock and it impacts the markets negatively because it sets off alarms. Have properties? It can take months to years to sell. You can be cash poor but asset rich.

 

[charknicks]

Pay in accordance to the revenue received proportional to the contract once play resumes.

You didnt answer the question.

The contract is completely different when the revenues coming in are changes with the pandemic times. So are you as an owner (since you brought up the owners thing), if you were an owner (since you would not be a cac owner), would you keep the same energy and eat that loss? Are you good with paying out 75-80% of your business instead of 50%?

 

[Rekkapryde]

You didnt answer the question.

The contract is completely different when the revenues coming in are changes with the pandemic times. So are you as an owner (since you brought up the owners thing), if you were an owner (since you would not be a cac owner), would you keep the same energy and eat that loss? Are you good with paying out 75-80% of your business instead of 50%?

Yes I did answer question. Pay in accordance to the proportional revenue received for the players on the team. If you used to getting 250 in revenue and now it's 60, you pay in accordance to that ratio. What's so hard to understand?

 

[charknicks]

Yes I did answer question. Pay in accordance to the proportional revenue received for the players on the team. If you used to getting 250 in revenue and now it's 60, you pay in accordance to that ratio. What's so hard to understand?

Cause they dont get paid by the ratio of revenue. Thats what seems to be hard to understand that is a caveat you threw in there. The players want 50% of their pay (and rightfully so on their end). The owners want pay less due to their end getting revenues cut with no tickets in addition to half the revenue of the TV contracts. Thats the impasse at hand. There is no ratio worked out for whatever revenue is gonna come in for a half season with no fans. That was never factored in.

Plus, what if fans are allowed later in the season? The owners arent gonna add more money to the players mid-season. The point is the whole situation is fukked.

 

[Rekkapryde]

Cause they dont get paid by the ratio of revenue. Thats what seems to be hard to understand that is a caveat you threw in there. The players want 50% of their pay (and rightfully so on their end). The owners want pay less due to their end getting revenues cut with no tickets in addition to half the revenue of the TV contracts. Thats the impasse at hand. There is no ratio worked out for whatever revenue is gonna come in for a half season with no fans. That was never factored in.

Plus, what if fans are allowed later in the season? The owners arent gonna add more money to the players mid-season. The point is the whole situation is fukked.

I get they don't get paid according to the ratio of revenue, but if I'm an owner, that's what it will have to be.

What you can do is once they resume, go by the revenue of the money you know for sure is coming in (TV, streaming, apparel, etc.). Once the gates are open for tickets, give that bread back to the players on the backend.

If I'm only getting 25% of what I was bringing in as an owner, you gettin the same cut as the players. Might not be "right" but it's the most fair IMO.

 

[concise]

They're not living week to week like you or I. They could liquidate their holdings, but that's not something that's done overnight. You sell a large number of stock and it impacts the markets negatively because it sets off alarms. Have properties? It can take months to years to sell. You can be cash poor but asset rich.

If it takes them months to get their money, sounds like they're not that much better than the little people then.

So they're still living off of their week to week, month to month earnings.

 

[NaijaProdigy Redux]

You guys see that article on the A's minor league team? That's some real fukkboy shyt

 

[concise]

You guys see that article on the A's minor league team? That's some real fukkboy shyt

Sounds like they might just need to be contracted then.

 

[Scaaar]

This has been the one good thing about the pandemic, everyone gets to see that how these big corporations and billionaires are basically living week to week like most little people.
And they're out here giving us advice that they can't and won't follow themselves.

 

[sicksoulja]

Ok. So what would YOU as an owner do if (using Washington Nationals numbers since they had average attandance of around 64%):

-you are losing $75 million in tickets sales (no fans for season, loss of 100%)
-you are losing $70 million in TV contract revenue (50% of season, usually get $140 million/year total)
-still paying $86 million in salary (50% of $172 million salaries for 2019)

In 2019, YOU, the Nats owner netted $42/$43 million ($75m-ticket, $140m- TV, $215m total minus $172m salaries)
Now, in 2020, YOU bring in $70m TV, $0 ticket, but pay out $86m salaries for a $16m LOSS, before any operating costs for your stadium.

Are you as the owner eating that loss?

This!
Everybody is taking a damn lost! The players want 100% of there money for each game played but no FANS in the stands. So the owners just suppose to take a lost hell naw.

I can see if the players came to the table with something but a hard no ain’t going to work.

 

[NYChase718]

The A’s are pitiful franchise

cancelling those minor league contracts

money ball antics