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Archive for the ‘Business and Finance’ Category

“Wall Street bankers supposedly back the Yankees; Smith College girls approve of them. God, Brooks Brothers, and United States Steel are believed to be solidly in the Yankees’ corner. The efficiently triumphant Yankee machine is a great institution, but, as they say, who can fall in love with U.S. Steel?” – Gay Talese, There Are […]

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The Bronx Bombers may be cutting back on payroll, but that’s not because there is a shortage of Yankee dollars. According to Forbes’ 2017 business of baseball survey, the team’s enterprise value has reached $4 billion, or 33% greater than the second ranked Dodgers (click here for an analysis of the league-wide data). The Yankees’ […]

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Major League Baseball posted another year of solid revenue growth, which contributed to steadily increasing franchise enterprise value, but operating profit took a downturn as teams increased investment in player development, marketing and analytics, according to the latest Forbes survey of the game’s financial landscape. MLB Financial Snapshot, 2003-2017 Note: Revenue for each team is […]

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Who pulled the plug on baseball’s hot stove? With so many prominent free agents still out in the cold, theories as to why have become more common than news of a big name signing. Some have even whispered “collusion”, while others have suggested the game is in the midst of a fundamental financial shift attributed, […]

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Major League Baseball has released official final payrolls along with the average annual value calculations used to determine the luxury tax, and once again, the Yankees sit near the top of each list. With a payroll of just over $208 million and tax bill approaching $16 million, the Bronx Bombers look like big spenders, but […]

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The Dodgers came within one game of winning the World Series, but they didn’t fall short in the final MLB payroll rankings. For the fourth straight year, Los Angeles led all teams with nearly $247 million spent on players, widening its lead over the Yankees as the sport’s top spender. 2017 Final MLB Payrolls Note: […]

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The Yankees began the off season trumpeting their intention to fall below the luxury tax threshold for the first time. With a superstar free agent class looming in 2018, avoiding the tax and resetting the penalty from 50% to 20% was deemed an economic imperative. So, what did Brian Cashman do? He traded for the […]

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