erik lundegaard

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Saturday February 12, 2022

Poz Squishes Commish

“On Thursday, someone asked [Baseball Commissioner Rob] Manfred if owning a baseball team is a good investment. 'Historically,' he said, 'the return on those investments is below what you get in the stock market—what you expect to get in the stock market—with a lot more risk.'

”Now, this is such unrepentant BS that I'm stupefied Manfred actually said the words—like, I just don't get the guy at all. I mean, it's not hard to look up that since 2002 MLB team values have gone up almost 600%, which is twice as much as the S&P. And risk? There is literally—LITERALLY—no risk at all in buying a baseball team. None. It's the safest investment on earth.

“And for proof, you need only look at the last four team sales:

  • 2020: John Sherman bought the Kansas City Royals for $1 billion from David Glass [who bought it] for $96 million...
  • 2020: Steve Cohen bought the New York Mets for $2.45 billion from Fred Wilpon. ... His Mets were generally terrible, and his baseball instincts were famously off-key. The team's value increased roughly 662%.
  • 2018: The Marlins were sold for $1.2 billion despite being one of most troubled franchises in all of baseball...
  • 2018: Frank McCourt—FRANK BLEEPING McCOURT—who was so bad an owner that FOE (Friend of Owners) Bud Selig had to appoint a special watchdog to oversee the Dodgers because of all the shady things McCourt was doing ... sold the Dodgers for $2 billion, a pitiful 437% return on his investment. With McCourt gone, the Dodgers, according to Forbes, are now worth $3.57 billion.

”And with all this as background that anyone can look up, Rob Manfred is telling us that baseball just isn't that great an investment—which, by the way, might not be something the guy running baseball should claim. I say this with love of the game in my heart: Rob, seriously, when you're thinking about saying stuff like this, call me. No judgment. No cost. No rehashing of past mistakes. We all just want to get this beautiful game going again.“

-- Joe Posnanski giving both barrels to Manfred in an article that was really about the DH: ”A Designated Hitter for All." I love Poz letting loose—particularly against Manfred.

Posted at 09:13 AM on Saturday February 12, 2022 in category Baseball