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re: Did every MLB team make a profit in 2012?
Posted on 3/5/13 at 8:26 am to Pilot Tiger
Posted on 3/5/13 at 8:26 am to Pilot Tiger
Salaries are expenses, debt would be stadium, etc.
ETA - Even long term commitments would be expenses provided the team has reason to believe the services contracts will be honored. Now a player that was cut, I'm not sure how that plays into it. Or a situation like Albert Belle and my Orioles where we were paying him 6 years after he was deemed medically unable to play (but a portion of his contract was insured)
ETA - Even long term commitments would be expenses provided the team has reason to believe the services contracts will be honored. Now a player that was cut, I'm not sure how that plays into it. Or a situation like Albert Belle and my Orioles where we were paying him 6 years after he was deemed medically unable to play (but a portion of his contract was insured)
This post was edited on 3/5/13 at 8:29 am
Posted on 3/5/13 at 10:25 am to SM6
quote:
Salaries are expenses, debt would be stadium, etc.
It all depends on how they do their books. The players aren't typical employees. They directly generate revenue. Technically you could call them assets, the public european soccer teams consider them assets. The problem is lots of this info is either inside information or a guess. They are private entities and don't have to disclose their books.
Teams get their towns to build stadiums and the league bullies them around and threatens to leave. Its one of the few things I hate about MLB.
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