A-Rod is red-hot

[SmootSmack]

Originally Posted by jsarno

I don't mean to sound rude, but you are incorrect. The Yankees have not been in the red for a REALLY long time. Part of that has to do with the YES network, but last year they made about 50 mil profit. FYI- they have made THE most profit every year for the past 6 years.

Forbes: Yankees top franchise, but lost money - The Honolulu Advertiser - Hawaii's Newspaper

New York Yankees, Baseball Team Valuations - Forbes.com

[jsarno]

Originally Posted by SmootSmack

Forbes: Yankees top franchise, but lost money - The Honolulu Advertiser - Hawaii's Newspaper

New York Yankees, Baseball Team Valuations - Forbes.com

I found my stats in the magazine that shows that the Yanks made money, however, after looking closer, it was not counting the revenue sharing. So I apologize, you are correct. The Yanks are getting screwed by the revenue sharing rules, otherwise, they are hands down the most profitable team in MLB with their ridiculous salary...and btw, the reason they pay so much in luxury taxes is their own doing. If they actually dropped their salary, they would produce a profit.

[SmootSmack]

Originally Posted by jsarno

I found my stats in the magazine that shows that the Yanks made money, however, after looking closer, it was not counting the revenue sharing. So I apologize, you are correct. The Yanks are getting screwed by the revenue sharing rules, otherwise, they are hands down the most profitable team in MLB with their ridiculous salary...and btw, the reason they pay so much in luxury taxes is their own doing. If they actually dropped their salary, they would produce a profit.

You're right though that the YES Network helps them, because as Forbes mentioned it helps them offset their on-field losses in an attempt to put the best team of players out there. And, as I've heard, the Yankees "save money" by cutting other expenses-such as firing secretaries, concession stand workers, and other assorted stadium employees.

It's a flawed system all around. But minor league baseball is fun

[jsarno]

Originally Posted by SmootSmack

It's a flawed system all around. But minor league baseball is fun

I will absolutely agree with that. Like I said before, revenue sharing is horrible. I was against it when they passed it, and I am against it today. The players union helped pass that because that left their pockets full while they of course don't care what happens to the team.
The only logical answer is to get rid of "revenue sharing" and start a salary cap.