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Guardians find new minority owner

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The budget sans Covid losses is generally set at $80-90 mil.

This year my expectation is about $65-70 mil, but the right deal might push Dolan to move slightly above it...say $75 mil. Dolan has been willing to nudge things up in the past when a specific short term opportunity presented itself.

A sudden infusion of some cash...not so much directly towards payroll, but toward covering Covid losses.... might free up a little more for this season. This could come pre season or at the deadline.

The long term effect of a minority partner, esp one with a five(?) year path to majority ownership, would likely be in long term planning. As it stands now, the budget is set annually, based on the reality of the moment and a near future financial prognosis. While the FO looks farther down the line, the major influence on any years payroll is short term considerations....because there is little in the way of a safety net if everything goes south at once. There is no rainy day fund.

But if a minority owner agrees to act as the safety net, the FOs ability and willingness to invest in the team four or five years in advance go up significantly. This could lead towards more extensions or longer term deals, as opposed to significant rental type acquisitions.

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Just setting the scene here...

In the eight seasons since becoming the Royals regular catcher, Salvador Perez has been by far the dominant catcher in the AL....perennial all star...5 GGs...4 SS...3 time MVP candidate...one HR and one RBI title.

Perez is the face of the KC franchise, and has been for years....much like Jose has become after the Lindor trade.

At age 31, he has already signed a four year extension with an option that guarantees an AAV just above $20 mil.

If Jose signed a four year extension, beginning after his age 30 season for the exact same contract as Perez...and tacked on enough money for his next two seasons to put him at $20 mil each year, his real AAV for that extension would be $24.25 mil.

Perez' option is $13.5 mil. If, instead of an option year, Jose got a fifth year at $22.5 plus an option year with a $2 mil buyout, his contract would be worth about $42 mil more than Perez'.

Being age 30, the age when Joses contract is up, you can't compare his situation to 27 yr olds who sign mega contracts.

As noted many times, Perez and Jose share the same agent, whose specialty is extensions, not free agency. On top of that, John Sherman is the owner that agreed to Perez' extension, and Sherman has had a lot of influence on this org.

IMO a new minority owner has more significance for Joses situation than to any type of acquisition we make in the next several months.

Lets say that Blitzer buys in and becomes the majority owner within five years. Joses extension would effect him more than it would Dolan. He's the one left holding the bag, an aging player with a possible albatross contract.
 
BimboColesHair said:
I mean, I can. And I did.

Whether you believe me or not is up to you.
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No way this can be proven either way. I choose to remain skeptical the old nickname was a dealbreaker to prospective buyers but I do concede that new merchandizing revenues were an inducement. What really matters is an apparent infusion of badly needed cash is on the way. Happy holidays Guardians’ fans.
 
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Reactions: AZ_
Hope they’re able to field a team this year due to the blowback incurred by very rational people having insatiable anger over an animated mascot and team name.


Those people deeply deserve to be catered to.
 
The thread title is misleading, this guy isn't a minority as far as I can tell.

So how exactly did this guy make his money, and how does he continue to? Because it looks to me like his ownership group just owns sports teams- I see not just the 76ers and Devils, but stakes in minor league baseball, pro soccer, eSports, etc. Because if he makes his money off each of the stakes in his team, then it begs the question of how much will he really spend when he becomes principle owner by the end of the decade as Bimbo alluded to. The pro sports owners who spend are usually older guys wanting to leave a legacy, ones whom the team is an expensive hobby, or ones who are lucky to have a player that is a massive revenue generator to offset the spending. Is this Blitzer any of these?
 
macbdog said:
The thread title is misleading, this guy isn't a minority as far as I can tell.

So how exactly did this guy make his money, and how does he continue to? Because it looks to me like his ownership group just owns sports teams- I see not just the 76ers and Devils, but stakes in minor league baseball, pro soccer, eSports, etc. Because if he makes his money off each of the stakes in his team, then it begs the question of how much will he really spend when he becomes principle owner by the end of the decade as Bimbo alluded to. The pro sports owners who spend are usually older guys wanting to leave a legacy, ones whom the team is an expensive hobby, or ones who are lucky to have a player that is a massive revenue generator to offset the spending. Is this Blitzer any of these?
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I was wondering the same thing. I think its a good question to ask since one of the main (only?) drawbacks for the Dolans was the lack of capital to invest.

You admittedly cant find all the answers about someone by a quick Google search, but I will be very interested once some more info comes out and articles are written to see where he makes his money.
 
Steve_424 said:
Huh?
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Whether you agree with them or not it seems like a number of people won't be following the team anymore. The twitter and Facebook comments are 90% negative feedback about the name change months after it was announced. The team must know this because first time in years they're selling opening day single game tickets before Christmas. 3 years ago they sold out in 5 minutes in February/March. It will eventually settle but they certainly didn't gain any fans over this.
 
AZ_ said:
Hope they’re able to field a team this year due to the blowback incurred by very rational people having insatiable anger over an animated mascot and team name.


Those people deeply deserve to be catered to.
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AZ, clearly you and I see things differently from a political POV, but I couldn't agree with you more that not rooting for this team because of a name change is f'n stupid. I don't even like the new C design and I hate the winged ball, but this is my team. Kinda like when one of your kids F-up. They're still your child and you don't care any less for them. I'm so ready for all of the BS to become history.

Edited to say that if the change opens up opportunities for this team to improve then it makes even less sense to hold a grudge.
 
Steve_424 said:
Huh?
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We call that “pulling stuff out of your ass”.

Valuation isn’t heavily tied to the number of fans supporting the team and it certainly isn’t tied to overall fan sentiment towards the team.

The group of cry babies whining about a team name thinking they have power on a teams valuation if they no longer support it is cute though.

Maybe a few more Facebook comments and tweets about how they’re no longer supporting the team will bring the name back!
 
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What name back?..

There was a different name?
 
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