...And you know, the Marlins did not invent this nor more than likely, not the only team doing this!!:rant::rant:
Read more: Now we have proof Florida Marlins' frugality was a poor excuse - Greg Cote - MiamiHerald.com
What we have long suspected hardened as truth Monday when leaked financial documents left little doubt that Loria has profited big from years of spending too little on the product he presents to fans.
Now we know why the club fought so hard to keep its finances a secret even as the city and county wanted full disclosure during negotiations for its new stadium. It's because what you see when the curtain is thrown open and the light pours in is an owner who could have spent much more on players and still made money.
What you see is a ball club that was crying poverty with pockets full.
The website Deadspin.com reported detailed ``consolidated balance sheets'' of five teams, including the Marlins, and it reveals that in 2008 and '09 the Marlins had a combined operating income of some $49 million, with a net operating income -- a true, bottom-line profit -- of $33.4 million those two years.
Is it any wonder Major League Baseball publicly admonished the Marlins before this season to increase its player payroll? Now we know why. If only they did it sooner.
Marlins president David Samson hopped on a conference call to do some damage control Monday. He can spin with the best of them, but he was overwhelmed by facts.
I thought it telling that his opening statement was to huff and puff against the unknown ``criminal'' who leaked the documents. (Always love teams hiding behind the private-company shield while accepting millions in public money to build a new stadium.)
Samson scrambled, reworking the company line to jibe with the leaked documents. He has spent years claiming the payroll was low because revenue was low -- blaming the club not being profitable. Now we know revenue was high enough to make a handsome profit. So he said Monday payrolls were low to help fund the new park.
Hmm. Apparently MLB didn't buy that and is telling the club to spend more.
You begin to think of the what-ifs entailed in ``what if the Marlins spent as much as they could have all this time rather than clipping coupons?''
One major answer is that Miguel Cabrera would not have been shipped to Detroit in a cost-cutting move before the 2008 season. The Marlins had the money to sign Cabrera long-term without ending in the fiscal red. The prized slugger should still be here. His .341 average, 31 homers and 101 RBI should be in the heart of this batting order right now, helping the Marlins make the playoffs.
Samson said, ``We could have had Cabrera and no ballpark.''
Hmm, again. The net profit in 2008 was some $37.8 million -- largely because they jettisoned Cabrera's salary. That was not money toward the new park. That was profit.
Another answer to what-if is the club could have spent enough last offseason to shore up the bullpen and give itself a realistic chance at the playoffs.
You know how much the Marlins received from revenue sharing alone in 2008-09? About $92 million. Low-revenue teams are supposed to spend that to better compete. The Marlins not doing that is what led to the public admonishment that forced the payroll increase from the second-lowest of 30 teams to what still is in the bottom five.
Read more: Now we have proof Florida Marlins' frugality was a poor excuse - Greg Cote - MiamiHerald.com