St. Petersburg, Oakland, and public subsidies

A reminder that cities, counties, and states giving up hundreds of millions of dollars (or even over $1 billion) in public subsidies to stadiums can hurt those places far more than a new stadium can help.

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We’ve spent a whole lot of 2024 talking about the Tampa Bay Rays and the Oakland A’s, as well as how the former was set to stay that way while the latter wormed their way into just being the A’s, no hometown, for a few years. Those stories aren’t just covered because they involve the obscenely wealthy casually and easily lying in order to avoid spending their money as much as possible, but also because the thing they’re going for is public subsidies.

These subsidies don’t exist in a vacuum. If they go to a stadium, they aren’t going to something else. This is why Schools Over Stadiums formed in Nevada after state, county, and city politicians got into bed with the A’s: Nevada’s public schools were in desperate need of financial assistance, and, once again, everyone with the power to give those funds to a billionaire for a new stadium wanted to do that instead. As Chris Daly, the Deputy Executive Director of Government Relations for the Nevada State Education Association, told me last September:

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Notes: Diamond’s plan approved, MLBPA licensing change, Rays have 2025 home

Diamond isn’t going anywhere for the next few years, but the Rays are.

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Thanks to the judge’s decision on Thursday, Diamond will emerge from bankruptcy court with a plan to keep their regional sports broadcasting business going. There are quite a few details to go over, with more to come, but I’d like a little more time to mull over What It All Means before diving into all of that. So, today, let’s just look at some basics.

Diamond will continue to broadcast seven MLB teams, far fewer than it used to, and all on deals that were restructured to varying degrees. The Cardinals, for instance, worked out a new deal, but will see about a 25 percent drop in annual revenue compared to where they were before. Part of that likely had to do with their severe drop in viewership over the past couple of seasons, though, we’ve already discussed one solution for that. The Braves stayed on the same deal, but granted streaming rights to Diamond. The Royals could still rejoin Diamond, but at this point the two sides are still negotiating.

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Notes: Giants to cut payroll, Trop won’t be fixed for 2025

The Giants plan to cut costs, and we get answers to two of the three key Tropicana roof questions.

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We’ve already seen a few teams plan to cut payroll for the 2025 season, despite their performances in 2024 suggesting maybe some spending would help things. The White Sox leaked that info before the summer’s record-setting disaster had even come to a close, and the Rockies, another 100-game loser, followed suit in October. Then you’ve got clubs like the Cubs, who aren’t actively slashing, but they also are avoiding doing super obvious things they could afford to do and should do like attempting to sign 26-year-old free agent Juan Soto. You know, because of financial flexibility. What good is financial flexibility if having it precludes you from acquiring literally Juan Soto? An important question the people espousing its usefulness do not want you to ask.

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Notes: Cubs already giving up, Pride Nights, Dodgers and Trout

The Cubs, at best, think you’re stupid. And more from the week that was.

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Free agency has already started, in the sense that players are declaring their free agency, qualifying offers have been sent out, and all of that happy stuff that kicks off the period. Free agency hasn’t really truly gotten moving, though, even if players are able to sign already. There hasn’t been a ton of movement yet, just like there never is right at the beginning of what is a slow-burn process (that seems to move a little slower every year, too).

And yet, the Cubs have already quit on bringing in either the top free agent hitter or pitcher available, according to The Athletic’s Sahadev Sharma and Patrick Mooney:

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The Juan Soto sweepstakes begins

And there is no basically no excuse for the Yankees to not come out on top.

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Juan Soto is going to get paid. That much is known. Which team will be paying him is a bit more up in the air, as Jon Heyman reminded everyone before the weekend with a report that 11 teams had already checked in on him the second they could post-World Series.

Heyman mentions that Soto is looking for $700 million, and not deferred like with Shohei Ohtani’s major deal. The chances of Soto actually getting $700 million are basically nil, sure, but you ask for $700 million and negotiate down to what a team will give you. If you start with what a team will give you, you’re still going to end up negotiating down. That’s just how these things work, which is a lesson a lot of folks seem to need to relearn every November.

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Notes: Tony Clark on pitching, RSN viewership, Those Two Yankees Fans

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With the World Series starting, MLB Players Association executive director Tony Clark had some time for the assembled reporters. A number of topics were brought up, such as the Rays’ and A’s stadium situations — one caused by a natural disaster and the other by a manufactured one — but the thing I want to focus on is his comments on the state of pitching in MLB:

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Notes: Latest on the A’s, Reinsdorf’s Nashville gambit, WNBPA opts out of CBA

John Fisher is good for the money, he promises, also could someone please wildly overpay for a stake in the A’s, and soon? Also, Jerry Reinsdorf’s attempt to create leverage from the ether intensifies, and the WNBA players opt out.

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On Wednesday, Baseball Prospectus published a piece of mine updating their readers on what’s going on with the A’s and their quest to move to Las Vegas. I’ll give you the short version here: sources close to the A’s have been saying that there’s a plan “in place” for the private funds needed to cover the over $1 billion the A’s are on the hook for to build a stadium in Vegas, but no one is allowed to see the plan, there is no set date for revealing the plan despite a ticking clock, and oh, also the plan isn’t actually finished or in place, and is still mostly a hypothetical about things owner John Fisher could do if he wanted or needed to, I guess.

I bring this up here not just to point you in the direction of related writings elsewhere, but also because, later that same say, the New York Post published an “exclusive” story about the A’s and their quest to sell 25 percent of the team for $500 million, which some simple math tells us means they’re valuing the franchise at $2 billion. Two things: first, those same figures were reported nearly a year ago by the Los Angeles Times, and second, this doesn’t mean the Post is necessarily behind the times or the Times, so much as that it’s like Fisher simply isn’t moving off of this amount of money for this amount of ownership, and the calls for it are just getting louder given the aforementioned ticking clock.

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Rockies plan to cut payroll after losing 100 games again

The Rockies’ decisions are emblematic of a deeper issue in MLB.

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In 2021, the Rockies last 87 games. In 2022, they dropped 94. The 2023 season saw them take the L 103 times, and in 2024, they improved their record for the first time since the pandemic-shortened 2020 forced them to lose fewer games than they had the prior year, by losing “just” 101. Oh, right, and in 2019, before that 60-game season, Colorado lost 91 games. Don’t worry, in 2020, they were still on pace for 92 defeats, this was an unbroken string of failure.

How do the Rockies plan on fixing things for 2025? They’re once again hoping their youth movement does the trick, and also, they’re planning to cut payroll again. And this goes beyond just not spending the money that the end of Charlie Blackmon’s career frees up, as well, according to Patrick Saunders of the Denver Post. They’ll be attempting to trade late-stage arbitration-eligible players to free up additional salary, players like Brendan Rogers, Cal Quantrill, and Austin Gomber.

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Notes: Rays roof, Twins owners, ESPN’s broadcasting deal

A shredded roof, the Twins are exploring a sale, and ESPN involves themselves in the future of MLB’s local broadcasts.

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It’s kind of incredible that no one inside of Tropicana Field was injured when Hurricane Milton ripped the stadium’s roof to shreds, but thankfully, that’s how things played out. It’s unclear how long it’s going to take to repair the roof — it simply does not exist anymore, an entirely new roof is needed — or what it’s going to cost to do so. There are some educated guesses out there, however, given similar work once done to the Metrodome.

According to the Rays themselves, the roof was designed to hold up against 115 mph winds; Milton blew harder than that, and the roof is no more. While it will take time to fully assess the damage, and opening day is a little over five months away, this process also can’t be rushed — hurricane season isn’t even over yet, after all, and we’re in an era of much larger, and more frequent, major hurricanes, as well.

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Diamond loses more teams, what’s next

Three more teams leave Diamond for a MLB-controlled game broadcasts.

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On Tuesday morning, Baseball Prospectus published a feature of mine on the Diamond bankruptcy proceedings, and what they meant for the coming MLB offseason. As discussed last month, MLB already pointed out that the trajectory of the bankruptcy saga means impacted teams won’t be able to plan their budgets for the 2025 season, and the addition of another couple of teams — and the threat of more joining them — meant that we were going to be in for another quiet offseason.

On Tuesday afternoon, it was announced that three more teams whose deals with Diamond had been dropped would not seek to renegotiate with the regional sports network… network… and would instead work through MLB to broadcast its games. The league already did this in 2024 with the Diamondbacks, Rockies, and Padres, and they’ll now be joined by the Guardians, Brewers, and Twins. (The Rangers have also separated from Diamond, but they’re going to peddle their wares on their own, without MLB handling things, so they aren’t part of this conversation.)

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