Business Notes: Payroll, In-Market Streaming, Yankee Stadium Letters

Poll: The 2015 Prospect Watch
Introducing our newest contributors: Katie Sharp and Sung Min Kim
(Presswire)
(Presswire)

I wasn’t quite sure what to do with all of these spare business-related links I had lying around, so I might as lump them into one post. Here are some miscellaneous links worth passing along.

Yankees open season with $219M payroll

According to numbers compiled by the Associated Press, the Yankees opened the 2015 regular season with a $219,282,196 payroll, second highest in baseball behind the Dodgers ($272,789,040!). That is the team’s second highest Opening Day payroll in history, behind the $228,106,900 payroll they had at the start of 2013. The Yankees added about $10.5M in payroll during the season from 2010-14 according to the numbers at Cot’s, so while the Yankees are starting the season at $219.3M, recent history suggests they’ll end the year at $230M or so.

Average salary climbs to $4.25M

The average player salary in MLB climbed to $4.25M this season, so says the Associated Press. That is up from $3.95M last year and $3.65M the season before. “MLB’s revenues have grown in recent years, with the increase in national and local broadcast rights fees being a primary contributor. It is expected that player compensation will increase as club revenues increase,” said MLB’s chief legal officer Dan Halem to the Associated Press, stating the obvious.

This is the first time the average player salary has topped $4M. The average salary first broke $1M in 1992, $2M in 2001, and $3M in 2008. Clayton Kershaw is the game’s highest paid player this season at $31M, with Justin Verlander ($28M) and Zack Greinke ($28M) placing second and third. Also, Robert Raiola says the per diem for road days is $100.50 this season, up from $99 last year. That’s a nice little allowance but it’s actually not wildly out of line with what many folks with normal jobs receive during business trips. Either way, yeah, it’s good to be a baseball player.

Manfred hopes to have in-market streaming this year

Two weeks ago we heard MLB will soon announce a deal allowing fans to stream in-market games online. That report was a bit premature — no such deal is imminent — but new commissioner Rob Manfred did confirm to Brian Costa and Matthew Futterman that they are working on an in-market streaming service and hope to have it in place this year. From Costa and Futterman:

WSJ: You’ve discussed how important technology is to reach young fans. When will a 15-year-old in New York be able to watch a Yankees game on his phone?

Manfred: The best way to answer that question is to say the better part of my workday today was consumed by the topic of in-market streaming. It is particularly complicated in the context of a media market that is changing so quickly, but I do believe we will get a solution on in-market streaming in the relatively near future.

WSJ: Sometime this year?

Manfred: I hope so. I’d like to believe there will be games streamed at some point this year.

It’s unclear how such an agreement would work, though I’m guessing Yankees fans would have to subscribe to YES through their cable provider, then pay an additional fee to be able to stream online. YES did have an in-market streaming service a few years back that was totally awesome — if I remember correctly, you needed both a YES subscription and an MLB.tv subscription, and then had to pay an extra $50 — but it was discontinued for whatever reason.

Hopefully MLB gets this in-market streaming thing figured out and soon. It’s 2015. I’m very willing to spend my hard-earned American dollars for the right to watch the Yankees on my phone while standing on a subway platform.

No bids for YANKEE STADIUM letters

And finally, remember the giant old YANKEE STADIUM letters Reggie Jackson put up for auction? Darren Rovell says no one bid on ’em. The only bid placed at least week’s auction was a phony $280,000 bid an auction house employee placed on Jackson’s behalf in an attempt to spur on other bidders. Reggie was hoping to get $300,000 to $600,000 total for the 13 giant letters. Practicality 1, nostalgia 0.

Poll: The 2015 Prospect Watch
Introducing our newest contributors: Katie Sharp and Sung Min Kim
  • http://secondavenuesagas.com Benjamin Kabak

    YES told me last year in-market streaming was discontinued due to very low subscriber numbers, but I believe there was additional pressure from MLB to cut those offerings until a global deal is arranged.

    • Dalek Jeter

      I think one of the reasons there was such low subscriber numbers is you had to have YES on top of it, what’s the point of streaming a game on your computer that you can easily watch in your living room?

      • Jorge Steinbrenner

        Folks who don’t own tv’s?

        • Looser Trader FotD™

          Blasphemers!!

          • Jorge Steinbrenner

            I know quite a few New Yorkers without TVs, actually.

            • Looser Trader FotD™

              I know zero. I’d have to count how many NY households I know…probably in the 75 – 100 range (?) and they all have TVs. And yes this includes people under 25 :)

        • Dalek Jeter

          Why would you have a cable subscription (including the sports package to have YES) if you don’t have a TV?

          • Jorge Steinbrenner

            Clearly, I didn’t think that reply through.

  • The Great Gonzo

    First off… Someone tell Reggie I’ll give him $50 a letter if he’s still looking to move them.

    Secondly… $272M? HOLY SHIT. That is insane. Like, bat shit territory. Better hope you’re better than San Diego and St. Louis for that kind of scratch.

    • jjyank

      Yeah, I didn’t realize their payroll was that high.

      We should pitch in and buy those letters on the cheap and make ourselves a sweet fort or something.

      • Dalek Jeter

        I think we should use The Fish’s backyard. I mean they moved to the ‘burbs to have a backyard…and imagine how cool it would be for baby fish to grow up with a fort made from pieces of Yankee Stadium in his backyard!

        • jjyank

          We’d have to amend the usual “no girls allowed” rule when it comes to fort building.

          • W.B. Mason Williams

            You sir are a charlatan and a lascivious traitor to all that men’s fort building holds dear.

            I SAID GOOD DAY!

        • Jorge Steinbrenner

          A friend of ours bought two seats from the old stadium. I have a bunch of pics of him as a baby sitting on them.

          I’m totally on board with this idea, btw.

          • http://batman-news.com/ Thunderfingers

            I’ve got a friend in the Denver area that has a few of them (old stadium seats) as well. Along with a signed A-Rod jersey, some signed Rangers stuff, etc. He’s got the best man cave I’ve seen. Full wet bar …
            I’ll volunteer my 4+ acre property for the stadieum letters, though. We can put them on the barn or something. We can all chip in and you guys are welcome to come visit the letters anytime you want. :-)

    • michaelNYCUSA

      I actually purchased the letters spelling “NEW YORK” from the backlit sign mounted on the old stadium as well – where they would announce the opponent and the gametime. the pros are that they are a really cool conversation peice, not too large ( each letter appx 3″ tall) and actually are manageable qas a wall decoration in a man cave….the downside is that they were outside on/off for 30 years and smelled like birdsh*t even after scrubbing them and powerwashing them a few times…..i finally got them clean, and they are pretty cool – but Reggie’s are just too large for any purpose whatsoever

      • Looser Trader FotD™

        3″?

        • michaelNYCUSA

          thanks . . …..3′

          • Looser Trader FotD™

            I was going to comment on the size of your, umm, man cave. But I figured it was a typo :)

            • michaelNYCUSA

              it would have fit in my kid’s crib at that size lol

              • Looser Trader FotD™

                Now you’re talking! there’s some Etsy shit in there somewhere. I bet you could crowd fund that shit if not for the licensing issues.

    • Looser Trader FotD™

      $272mm is the new $238mm. We’ll be there soon god willing. We all will!

  • TheEvilUmpire

    How much must Reggie Jackson be hurting for cash? Guess Reggie bar futures turned out to be a poor investment after all!

  • Dalek Jeter

    For me the whole point of streaming is to get away from cable. If I get a streaming service (like MLB.tv for example) I’m doing it so I can get one step closer to cutting off cable completely, so I’d be totally NOT okay with needing a cable service, paying for the sports package on top of that to get YES, paying the $100+ for mlb.tv on top of that, then paying an extra in market streaming price on top of that. It’s completely counter to why I personally, and I feel like most people in the NY market, want in market streaming.

    • pfoj

      I firmly believe that with how poor the stadium experience is nowadays that it’s far better as a Yankee fan to live outside the NY market than inside it. And I say that as a resident of a city where I won’t wear a Yankees logo publicly so I can avoid having abuse hurled at me.

      • Dalek Jeter

        Eh, I love being this close to the city, and almost all my friends are around here, same with most of my family…there are way too many nonbaseball reasons to not leave this area honestly.

      • Dalek Jeter

        Plus, while the stadium might not be that great, it’s bearable, there are almost no bad sight lines, and having 81 games near you makes it a lot easier to see your team than living in even another AL East town, where you get 9 chances (tops) all year.

  • Bpdelia

    The service is awesome but there is no getting around that deal was a gouge.

    Subscribe to yes AND subscribe to mlb.tv AND pay AGAIN for something? That’s absurd and piggish and goes in the category of milking your customers rather than respecting them.

    I love mlb.tv and I’m a cable cutter who hasn’t had a cable connection other than broadband in six years by using a vpn along with my rokus and hdmi desktops but it’s very short sighted and loses revenue.

    I pay to watch walking dead on amazon because the price point is reasonable. If it wasn’t I’d pirate it because it’s easy and no one likes being a mark.

    If that in market streaming was ten or fifteen ON TOP of what you’re already paying more people would do it.

    They are setting themselves up to lose money to illegal pirating by being greedy.

    The movies is the classic economic example.

    I will never buy a concession item at the movies. I COULD afford to but i won’t on principle. Instead we bring our own food and drinks (and sometimes a beer or two). If they charged me 3 dollars for a soda and 1.75 for a candy bar (still an unreasonable mark up mind you) I’d purchase at the theater.

    Nothing bothers me more than being treated like shit by a company.

    • Dalek Jeter

      Agreed across the board, I basically said the same thing below, minus the piracy part, because I’ve done a 180 on piracy in recent years. Also, I recently found out that sneaking food and drink into the movies (especially alcohol), and then leaving it in the theatre or throwing it in a theatre garbage can sometimes costs theatre employees their jobs…so sneak shit in all you want, but be nice to the 17 year olds getting dicked over to work minimum wage to deal with peoples’ dickbaggery and hold your garbage until you’re at home.

      • Looser Trader FotD™

        Why would they lose their jobs because of what’s in the trash? Honest question. Because they didn’t catch you doing it?

        • Dalek Jeter

          I’m assuming it’s because they didn’t catch you.

          • Looser Trader FotD™

            Yikes. I had a standing job once. Had to get a doctor’s note to have a stool. True story.

            • jjyank

              Worked front desk at a hotel for a year and a half. The first few weeks were absolutely brutal on my feet. I remember we were super dead one night, it was maybe like, 10 PM and the hotel was basically empty. I gave in and sat on a stool that was in the corner left over from a conference for literally 30 seconds and get my ass chewed out by a dick manager that I had.

              Thankfully that part of my life is over.

              • Looser Trader FotD™

                Yeah. We do seem to learn most from these “this too shall pass” times in our lives.

          • jjyank

            Jesus, really? How would they even know who to fire? There’s probably at least 2-5 theater employees that you’d walk past on a typical trip to the movies.

            • Jorge Steinbrenner

              The guy eating your popcorn?

    • pat

      Any recommended VPN’s?

    • Patrick

      If I were ONLY a Yankee fan I would cut my cable too. But I love the NFL, a little NBA, NCAA basketball, golf, etc. NFL in particular has no streaming options. I was excited when there were rumors the NFL would sign with Google or Apple and very disappointed when they of course re-upped with DirectTV.

  • SweetSpot

    Interesting. A $219,282,196 payroll in 2015 the second highest in baseball. $100 million spent this off-season the 5th highest in baseball. $31 million spent on international players including 10 out of the top 30 and four of the top 10. #hallischeap #halisreallycheap #halisreallyreallycheap

    • Looser Trader FotD™

      But I want an oompa loompa now!!

    • ÅndyInSunnyDB

      Only 1 of 2 teams (Cubs $2M more) to cover their payroll with ticket sales ($28M more), without touching the National and local TV contracts. I wonder how much profit the Yankees are actually pulling down?

      • SweetSpot

        No one knows. They are a privately held company with many partners in a myriad of business ventures.

  • Jay Briwn

    So reggie shill bid his own item?

  • JLC 776

    Of course nobody bid on those letters. I mean, what the hell do you do with gigantic, stadium-sized, over-priced letters? Nothing. That’s what you do. You do absolutely nothing but regret dropping that kind of cash.

  • Looser Trader FotD™

    Hal is teh cheeeep!

    I’d like just the M. How much is that?

  • mitch

    $100 is in line with a typical per diem? I need to find a new employer

    • Looser Trader FotD™

      Depends where you’re going :) If you travel to NYC you’re lucky if it gets you through lunch.

      • Ewing33

        Sadly, that is not even a joke.

        • Looser Trader FotD™

          Right? When I do the math to go out with the Mrs., or god help us with the kids, to just about anything it’s like SHIT. Let’s stay home and order pizza.

          e.g. we’re taking the kids to see The King and I at Lincoln Center. 4 tix alone are >$600. Parking, gas tolls another $50. Dinner for 4 will be $400 (because it always is, because we drink wine, and yes I know it could be cheaper if only we’d try). So I’m in a G+ for a night to the theater. Yikes.

          EDIT: first world problems. I’m blessed and grateful

          • Ewing33

            I’m single, and a “cheap” date includes around 2 $15 cab rides and 2-3 drinks a piece that cost like $10-$15 each. So the average “cheap” date for me in New York is usually close to $100. And that is doing nothing but catching a few drinks.

            • Jorge Steinbrenner

              You’re not even counting food.

              The cocktail craze has definitely driven prices up, and it’s not just New York.

              I remember when the most expensive dinner I’d ever had was around $200 for two people, perhaps about twelve years ago. It’s takes a tiny bit of work to top that now, but it doesn’t take much….and the ultra-fancy places? Yeah.

              • Looser Trader FotD™

                I can name several spots off the top of my head whose tasting menus are >$200 per person. Absolutely crazy.

                • Jorge Steinbrenner

                  Absolutely.

                  Our all-time favorite restaurant is Blue Hill at Stone Barns up in Tarrytown. I think the tasting menu was under $100 the first we went. It’s more than doubled at this point. Add cocktails and, yeah, it had better be a special occasion.

                  • Looser Trader FotD™

                    Yup. We went there when we first moved out of “the city” (having been to the BH in the Village a few times) thinking we’d just grab a bite. 3 hours and $600 later…

                    • Jorge Steinbrenner

                      It’s honestly so worth it once a year or so, though. Best pork I’ve ever had, and a single fucking carrot tastes like nirvana.

                      Their oats and honey vodka….

                    • Looser Trader FotD™

                      The egg!

                      My fave is Mas in the west village. We hit it 1-2 times/year and it’s always insane. And the front of house staff are foodie loving foodies themselves (also, winos) so they’re a great part of the evening. Worth it if you’ve not been.

                    • Jorge Steinbrenner

                      Funny story about the egg. We actually took my mom and in-laws there in order to celebrate our having a baby. My mom is absolutely the kind of person who doesn’t get “farm to table” and just assumes that all that money should pay for giant lobsters on steroids and caviar the size of testicles. The egg infuriated her. She just didn’t get why the hell the fancy restaurant just served her a soft boiled egg.

                      We last went in the fall. They’ve changed things up a bit, with the menu even more courses. They now also bring you into the kitchen and serve you a course in there. It was really cool to just sit there and watch everyone in action for about 20 minutes.

                    • Looser Trader FotD™

                      Hilarious about the egg. My wife’s family is the same. We don’t go further up the ladder than, like, Outback with them…

                      Love the in-kitchen action in general, and the growing trend of tables in the kitchens of fine spots. They’re like well oiled machines. An amazing if very specific experience.

                    • Jorge Steinbrenner

                      We once paid $100 a pop for one of those Russian supper clubs down by Coney Island. This got you plates of bizzarre pickled fruits, unlimited vodka, and Cirque Du Soliel on crack.

                    • Looser Trader FotD™

                      Friends of ours have been threatening to rent a really obnoxious stretch and take us to one of the those places so long as we wear tuxedos and gowns. Hmm..

                    • Jorge Steinbrenner

                      Worth doing once.

                    • Looser Trader FotD™

                      I’ll pencil it in for sure.

                    • Looser Trader FotD™

                      so THAT’s why I have such a headache! And yes I also apologize.

                    • http://batman-news.com/ Thunderfingers

                      Have to do that next time I’m in the city with my wife. We’ll write off the trip to her business (no here works for the IRS, right?).

                    • Jorge Steinbrenner

                      It’s an hour out of the Bronx, and I never thought the NYC Blue Hill compared.

                    • Looser Trader FotD™

                      It really doesn’t – pale kissing cousin.

                    • http://batman-news.com/ Thunderfingers

                      We have some friends up that way. We’ll make the trip and maybe spend the night in the area.

                    • Some Asshole

                      I am interested in this oats and honey vodka. After my wife bought a bottle of bison grass, I’d love to try flavors that aren’t Smirnoff syrup.

                    • Jorge Steinbrenner

                      http://www.washingtonpost.com/pb/recipes/infused-vodka-with-oats-and-honey/8334/

                      Make it yourself. We’ve done this a few times now, actually. Compares well.

                    • http://batman-news.com/ Thunderfingers

                      Had a friend that turn me on to Bison Grass vodka. One of the only flavored vodkas I like. Although I do use Godiva Chocolate vodka when someone asks for a chocolate martini.

                  • Looser Trader FotD™

                    I checked for giggles as we’ve not been in some years. Tasting is $198 and the wine pairings are $138. I waffle on the pairings – some places are great for this, others not so much. But for lazy…yeah that’s $672 for a couple before tax and tip. What’s nuts is that compared to several places in Manhattan I don’t find this overly vomitous.

                    • Jorge Steinbrenner

                      Yeah, the pairings are ridiculous, but that’s about right for what we paid last time. A couple of oats and honey vodkas is fine by us.

                      We never did Per Se, or places like that, but I’d like to at some point.

                    • Looser Trader FotD™

                      I’m a big believer in life as experience (though I like toys too) so I never shy away from this stuff. I’m sure there are some I’ve missed but I like to try them all. It’s meant cuts in other areas but honestly the fact that I can recall so many specific dishes from specific dinners at specific places tells me all I need to know about how much it means to me. (And Per Se is certainly something to add to your dining bucket list…)

                    • Jorge Steinbrenner

                      There’s a certain type of place we like more than others, and my wife’s a vegetarian, so it takes us out of some experiences, but I need to do both Per Se and Le Benardain at some point.

                    • Looser Trader FotD™

                      Ooh the vegetarian thing is definitely a thing. Some shmancy places are truly wonderful at providing, but I wouldn’t be surprised to hear you say that you’ve been let down by otherwise nice places because they didn’t roll so well with her prefs.

                      We’re gonna meet some day Fish Fingers, and eat a splendid meal. Then I can admit to you all the lies I’ve posted here, as well as the truths.

                    • Jorge Steinbrenner

                      Hahahaha!

                      i can honestly say that I have never told a lie on here. Even the Great Gonzo and the breakfast scotch is true.

                    • Looser Trader FotD™

                      I would be sad if that was a lie!

                    • Rick

                      Late interjection here, but did you see Per Se received a C sanitation rating from the board of health?

                    • Some Asshole

                      That just means it’s good.

                    • Rick

                      Haha, yea some extra flavors involved.

                    • Looser Trader FotD™

                      I did, though many such violations occur to breaking the letter of the regulations rather than the spirit. In this case I think it was that the staff sink used for hand washing was within XX’ of a food prep area. Such guidelines make sense as a general rule, but if ever there were an exception that proved the rule it’s the kitchen at Per Se. I’d (literally) eat off the counter tops if not the floor there.

            • Looser Trader FotD™

              Yup. That’s like penny ante for a Tinder meet up.

              For us, if we don’t take the kids it’s the babysitter at $15-20(!!!!!!)/hour for 5 hours roundtrip to city and the event itself.

              • Jorge Steinbrenner

                Luckily, our son LOVES going back to New York, so we do bring him with us…..and his old nanny is there and lets him sleep over for free, so that’s taken care of. Others don’t realize that hidden babysitting cost, though. Even an hour and a half out of the city, the college students want at least $15 an hour to babysit.

                Ask a couple of the guys here about the babysitter we hired a few weeks ago….

                • Looser Trader FotD™

                  Umm, was the video posted to hotbabysitters.com or whatever?

                  • Jorge Steinbrenner

                    She’s probably there already.

                    • Looser Trader FotD™

                      Oof. My wife would hire her exactly once. And never again.

                    • Jorge Steinbrenner

                      Mine just laughs it off and assumes I’ve passed her pic around the entire internet.

                    • Looser Trader FotD™

                      repost please

              • bernbabybern

                $15-20/hr for a babysitter???! Not a nanny, some teenager?

                • Jorge Steinbrenner

                  I don’t think I’d go $20, but $15 for sure.

                  And it’s not even hard work. He’s sleeping. We’re paying them to use our wifi while absolutely nothing happens.

                  • Looser Trader FotD™

                    Exactly! They’re there to ensure evacuation in case of fire and basically that’s it. Sometimes they cook. By which I mean, like, heating up the chicken nuggets.

                    • Jorge Steinbrenner

                      Ha! We don’t even make them do that.

                  • Looser Trader FotD™

                    We only go the $20 route when the others are all booked. But yeah. Insane.

                • Looser Trader FotD™

                  Yup. The teens here who can drive (a must where we are) are mostly $17-18. Nuts.

                  • Dalek Jeter

                    Just bite the bullet, take the risk, and hire some 14 year old to do it for $10, especially if the kid is sleeping. If the kid is awake and requires actual supervision, I totally get paying the extra money to get someone older, and more reliable.

                    • Looser Trader FotD™

                      Then we have to worry about getting the 14 year old here, and home later. Somehow, the prospect of that is always sufficiently PITA that I’m happy to fork over another $25-40 all in to not deal with it. Actually, that’s what it’d cost for local taxis so…

                    • Jorge Steinbrenner

                      There’s a collective known as Beyond Care in Brooklyn in which they hire otherwise unskilled women, train and certify them as childcare workers, help them build resumes, interview skills, etc., then serve as a job referral service. We met our son’s NYC nanny there, who’s now grown to be almost a third grandma to him. I couldn’t recommend them more to NYC folks.

                    • Looser Trader FotD™

                      That’s awesome. We lucked out with peeps in the city before leaving. We’re about 45 miles NE of the city now in Westchester. Awesome area but no Beyond Care type services in the area that we’ve found.

                  • Some Asshole

                    ….I should go into babysitting. What the fuck am I doing with my life?

                  • Some Asshole

                    Of course, after doing some research, I’ve found that I may be able to make at least twice as much when I move back to the area.

                • captainmike

                  employees at fast food joints and walmart don’t make CLOSE to that !

      • Jorge Steinbrenner

        I see you’ve been lunching with Eric Ripert…

      • Some Asshole

        Three rolls with butter at the newsstand now costs $100? Oy vey….it’s been too long.

        • Looser Trader FotD™

          3 rolls with butter? What do you weight, like 400 pounds? (I’m more of a coffee light and sweet with a bear claw please)

          • Some Asshole

            No, but I was thinking over the course of an entire day.

            • Looser Trader FotD™

              3 square meals then.

    • http://batman-news.com/ Thunderfingers

      Yeah, best I can do is $71/night within the US, for places like LA & DC. It’s far lower where I am now (down south. Don’t ask.)

      • JimK

        Government employee?

        • http://batman-news.com/ Thunderfingers

          :-) Sort of.

          • Dalek Jeter

            SECRET AGENT?!

    • http://riveraveblues.com Mike Axisa

      No, it’s high, but the % difference between that and a typical per diem is way way way smaller than the % difference between the average salary of regular folks and MLB players. If the % difference in salary was applied to per diem, MLBers would be getting like $5,000 per day on the road.

      • Looser Trader FotD™

        $5000/day ought to do it however.

  • RetroRob

    I suspect YES discontinued the service because of lack of interest. The idea is great, but the economics is not. I pay for YES through my cable provider, and I also pay for MLB.tv. I don’t want to pay more money on top of that to stream the service to another device when I’m in my own city, or in my own home and just want to stream it to an iPad.

  • Patrick

    There already is in-market streaming. Buy MLB.tv and use a VPN problem solved.

  • Rick

    “The only bid placed at least week’s auction was a phony $280,000 bid an
    auction house employee placed on Jackson’s behalf in an attempt to spur
    on other bidders.”

    How is this not per se illegal?

    • http://batman-news.com nyyankfan7

      not much different then having a reserve price on the bid really is it?

      • Rick

        I think it’s much different than having a reserve. The reserve puts all the bidders on notice that the auctioneer will not sell the item for less than a particular price. This is literally an employee placing artificial bids. While in this scenario it made no difference since it was the only bid, but if employees are placing artificial bids to up genuine bidders there is a major major problem with that.

        • http://batman-news.com nyyankfan7

          Yeah I guess I can see your point but the bid was placed on Jackson’s behalf so it wasn’t the auction house doing the bidding. I can’t imagine there is any law that says you can’t bid on an item you’re auctioning; if you’re dumb enough to buy it twice then buy it twice. If I was the auction house I would have said “sold to Reggie – now pay up”

          • Rick

            Definitely need to see some more details into this. Would be hilarious if he bought the letters thinking he’d make a certain amount, then got himself in serious legal trouble by trying to artificially inflate the bid to said amount.

            • http://batman-news.com nyyankfan7

              and I wonder if the reporting is just wrong and his bid really was a reserve price. I would like to know what would have happened if someone had bid $250k and then Reggie’s “bid” for $280k came out – would he have had to pay up?

            • http://riveraveblues.com/ Mick

              Maybe Steiner renegged.

          • JimK

            Since Jackson was selling the letters for his own benefit, the only fee he would owe is whatever percentage he agreed to pay the auctioneer. He should have just listed the letters with a reserve price, which he could have waived if there had been any bids below reserve(I purchased a foreclosed property below reserve, which the bank was willing to accept). .

        • Some Asshole

          I suppose it’s no different than a realtor saying some other couple appears ready to sign the papers, so act NOW!

          • Rick

            I see that argument, but I think there’s a difference between puffery from a real estate agent negotiating on behalf of their client and an affirmative bid actually upping the price.

            • Some Asshole

              I suppose nobody thought about introducing that kind of regulation if it doesn’t already exist.

              • Rick

                That’s why I think there may be some miscommunication in the reporting of the story. I would think there is legislation preventing this type of activity. I’m going to research it.

          • Rick

            So it’s actually called “shill” bidding and it’s believed to be illegal in all 50 states.

            • Some Asshole

              Interesting. Though I’ll bet nothing comes out of it since there were no damages.

      • Jorge Steinbrenner
        • http://batman-news.com nyyankfan7

          Well sir, there’s nothing on Earth like a genuine, bona-fide, electrified, six-car monorail! What’d I say?

          “Monorail”

          So in conlusion, Mono means “one” and rail means “rail.”

    • Ewing33

      Just a quick google search reveals that this is called “shill bidding” and it seems to be a quite contentious gray area in the world of auctions.

      It certainly seems New York frowns on this, as per this article I found:

      http://www.ecommercebytes.com/cab/abn/y04/m11/i09/s03

      • Rick

        Yea, I’m looking on a legal search engine right now and there is a lot of litigation about it. Ranging from unethical to, in fact, illegal.

        • Jorge Steinbrenner

          Has to be illegal.

          • Rick

            From eBay’s own policy: “Shill bidding is the act of bidding on your own auction against other
            bidders in order to raise the price at which your item will eventually
            sell. It is a violation of both eBay rules and federal law.”

            • Deep Thoughts

              What does BigDan’s kid say?

          • Ewing33

            I found this too, ““the MAJORITY of states allow an auctioneer to do so, IF it is DISCLOSED to the buyers that the auctioneer reserves the right to bid, whether it is on behalf of any minimums, reserves or for their own personal purchase.If such bidding has not been disclosed, then it is illegal.”

            Please do not take this as legal research of any kind, but quick google searching. This is also from 2011 from a regular joe with a blog. So probably disregard, ha.

            • Rick

              That makes sense to me though – the disclosure to the buyers changes everything. If they’re willing to participate in auction where they KNOW the auctioneer can bid and they still choose to participate … well, you can’t save every idiot.

              • Ewing33

                I wouldn’t have posted it if I didn’t think it sounded accurate. But you know, just giving my sources.

  • Farewell Mo and Jeet

    I think someone would have bid on the letters if they could have been arranged to spell
    “Hal Sucks”

  • YankeeFan™

    im pretty surprised no one bid for the yankee stadium letter people pretty much buy anything. the other day i read people were bidding for a bag of air from a kanye west concert people were bidding up to 60,000

  • Pat M

    The 280 milion bucks that The LA Dodgers that is their payroll is just about what they receive from their TV package…..Then they’ll have 4 million or so spin the turnstiles at Chavez Ravine. ….They have dough.

    • Some Asshole

      And, let’s not forget, all the other expenses of a baseball franchise. Not saying the Dodgers don’t have the resources, but just pointing out what often goes unsaid in these conversations.

      • Pat M

        They own Dodgers Stadium outright abd they pay no property taxes .

        • Some Asshole

          I meant franchise employees, travel costs, lodging, scouting, etc., etc., etc. On the flip side, there’s also numerous sponsorships, vendor sales, retail sales (with those associated costs), and so on.

          • Pete22

            These are minor in comparison to player salaries. Minor league development costs are about 6% of revenue, or about 20 million a year. FO costs are likely the same, depending how much the owners pay themselves. Dodgers have about 400 million in revenue after revenue sharing, but they have revenues outside the team that are not counted, much like the Yankees, which is not inconsiderable.

            I do think in return for the anti-trust exemption MLB and its teams should be required to open their books each year. This guess work is tedious and I suspect MLB and it teams are much better off than they let on which is why valuations are through the roof

      • RetroRob

        Might as well jump into quicksand when trying to figure out team finances/revenue. Too many unknowns. The Dodgers, for example, have to expose a higher percentage of their local TV revenue into revenue sharing than do the Yankees. The Yankees are also able to deduct their stadium expenses from the Net Local Revenue that is subject to revenue sharing (not to be confused with the luxury/competitive balance tax.) The Dodgers can too, but the Yankees stadium expenses related to building YSIII allows them to shield a higher percentage of their revenue from revenue sharing. The fact that the Dodgers have an older park and lower expenses (although an argument could be made that they’d have higher expenses) means that potentially a larger percentage of their revenue is subject to revenue sharing because they have less to deduct.

        Both these teams are quite wealthy and plenty to spend if they choose.

        • Some Asshole

          That’s the long and short of it. The new infusions of ownership and the TV deal have led the Dodgers to expand their athletic payroll. We’ll see if that lasts; they may retrench if it doesn’t provide results.

          • RetroRob

            They may also be inclined to head in the same direction as the Yankees eventually. If I remember correctly (and I may not) but after 2016 any team over the luxury tax will not receive a credit for revenue sharing. There is an even greater incentive for wealthy teams like the Yankees to get under the luxury tax.

            • Some Asshole

              That and I think they’re not paying as great a percentage over the threshold in tax as the Yankees, since they’ve only been over a couple of years, and not forever, like the Yankees.

    • Pete22

      No, they don’t receive 280 million this year. That’s the average over the length of the deal (after revenue sharing) and includes the RSN revenues, but it starts off much lower and has escalators that increase it each year. The team itself received about 130 million starting on day one of the deal with a 4% annual escalator (similar to the YES deal with the Yankees), and this is subject to 34% revenue sharing so its really about 100 million of their 400 million revenues.

      The money from the RSN is not shared with MLB, but its technically not part of the Dodgers revenues, much like YES profits are not part of the Yankees revenues

      Their total revenues are about 170 million less than the Yankees (excluding stadium bond payments). Their payroll is about what the Yankees should be if their payroll kept pace with payroll/revenue inflation over the past years.

  • captainmike

    phony bid fo rthe stadium letters ?
    some people should have a part of their body cut off

  • Deep Thoughts

    We should all chip in to buy them for Axisa and rearrange them to say “UNSTEADY MIKE A.”

    • Deep Thoughts

      Others:
      A DUSKY TEDIUM
      NAUSEATE MY KID
      YIKES MENU DATA
      YEA MEDIA STUNK

  • LazerTown

    You forgot to touch on Hal’s cheapness.

  • ropeadope1

    …the per diem for road days is $100.50 this season, up from $99 last year.

    I worked on the road from 1977 thru 1982 and received $18 a day per diem. Times have changed.