In August of 2010, Deadspin.com got a hold of a few MLB teams’ internal financial statements. This was kind of big deal, since baseball teams are private companies, and private companies do not typically go around disclosing their financial activity to anyone and everyone with an internet connection. We were finally going to get to see things like total revenue figures not just for home attendance, but for revenue sharing deals, broadcasting rights, and stadium naming contracts. On top of that, we’d get to see various expense items as well as bottom line figures like net profit (or loss). In other words, we’d be privy to a bunch of stuff that MLB and its teams hoped to keep hidden. Yes, this made the voyeur in all of us very happy. It also made MLB very mad; Selig petitioned a New York judge to “help plug its leaks”. Gross? Maybe. Fun? Absolutely.
It turned out that despite my most ardent wishes, the Indians were not among the six teams whose private finances were leaked. Oh, the times we could have had, Internet! The Pittsburgh Pirates weren’t so lucky, and their dirty secrets were particularly dirty: in 2007 and 2008, the Pirates averaged $51 million per year in player salaries (that’s low), yet they had some of the biggest profits of any revealed team—nearly $22 million in 2008 alone. [Read more...]














