Not One Dime Of Profit!
Forbes is out with their annual franchise valuations, and congrats to Uncle Teddy!
The Nats are now worth about $10 million more than Uncle Teddy paid! And they led the league in operating profit! Huzzah! Huzzah!
I'm just relieve that all $45 million of that projected operating profit is being plowed into our minor league system. We're going to have some TERRIFIC players! Hopefully that genetic modification lab in Columbus will pay dividends down the road.
Here's the thing. In the next day or twomichaeljackschmidtTim Lemke is going to write about this in the Times, and there's going to be the generic blow-off quote from Kasten. "They can't know our numbers. They're incorrect and based on some faulty assumptions." blah blah blah.
OK, take him at his word. He's right, to some degree. The Forbes valuations do some guesswork, and make some estimates, so they're not 100% accurate.
But here's the thing. Let's assume that they're off by 75%, a tremendously terrible error. The team STILL made $10 million!
This team is rolling in dough!
Sort of.
This is the other key number, the revenue column. Our beloved Nats are down there with the dregs, near the bottom in revenue. That's the RFK factor. But as the column notes, in club seating and luxury boxes, the new park will generate about $20 million more for Teddy's panda-skin wallet.
If we trust that $50 million in additional revenue from the Times article a few weeks back, that'd put the Nats in the $200 million in revenues, solidly in the top 10 or so.
Sure, the numbers aren't to the decimal point, and they're not 100% accurate. But we're looking for relative numbers. And they all show lots of money going into the Lerner family net worth column, and the creation of lots of 'equity' within the franchise. Good for them.
But as I'm watching Matt Chico get bombed like it's 2007, bad for us.
The Nats are now worth about $10 million more than Uncle Teddy paid! And they led the league in operating profit! Huzzah! Huzzah!
I'm just relieve that all $45 million of that projected operating profit is being plowed into our minor league system. We're going to have some TERRIFIC players! Hopefully that genetic modification lab in Columbus will pay dividends down the road.
Here's the thing. In the next day or two
OK, take him at his word. He's right, to some degree. The Forbes valuations do some guesswork, and make some estimates, so they're not 100% accurate.
But here's the thing. Let's assume that they're off by 75%, a tremendously terrible error. The team STILL made $10 million!
This team is rolling in dough!
Sort of.
This is the other key number, the revenue column. Our beloved Nats are down there with the dregs, near the bottom in revenue. That's the RFK factor. But as the column notes, in club seating and luxury boxes, the new park will generate about $20 million more for Teddy's panda-skin wallet.
If we trust that $50 million in additional revenue from the Times article a few weeks back, that'd put the Nats in the $200 million in revenues, solidly in the top 10 or so.
Sure, the numbers aren't to the decimal point, and they're not 100% accurate. But we're looking for relative numbers. And they all show lots of money going into the Lerner family net worth column, and the creation of lots of 'equity' within the franchise. Good for them.
But as I'm watching Matt Chico get bombed like it's 2007, bad for us.
posted by Chris Needham at
8:30 PM
14 Comments:
Sorry, Chris, but Manny does deserve some blame for the 4-10 (looks like 4-11) start. He clearly left Chico in too long tonight. He was throwing puss to begin the 5th inning, and then gave up four runs before THE BULLPEN EVEN GOT UP. Ridiculous. Pay attention to your pitchers Manny. It is not the first time this year.
By
Anonymous, at 4/16/2008 8:48 PM
Eh. It's the fifth inning. If you've got a SP who can't get through the fifth, he doesn't deserve to be in the majors.
They're playing a man down in the pen because of the Nieves thing. Acta can't burn through the pen. Hanrahan/Ayala worked hard the last few games. They don't really have a mopup guy down there either.
Manny HAD to ride Chico. You can' tmanage each game like it's game 7.
By
Chris Needham, at 4/16/2008 8:51 PM
Could have put Livo or Lohse out there right......oh that's right they would be blocking the development of all our Big League Ready Young guns......not!
By
Anonymous, at 4/16/2008 9:12 PM
I'm glad to see Manny finally mixed the order up, but I'm still perplexed why he insists on Zimmerman batting 3rd and NJ 4th.
Secondly, Rob Mackowiak must be the worst baseball player in the majors. Not only does he consistently get out (and by "consistently" I mean "every single time"), but he manages to strike out farrrr too often. He's up to 5 Ks in 11 ABs.
By
Anonymous, at 4/16/2008 9:15 PM
And as I posted that, Zimmerman leaves two more men on base.... This team is going to be the death of me.
By
Anonymous, at 4/16/2008 9:16 PM
No, Manny did not "have to ride Chico." Oh, he rode him to get THREE MORE OUTS? Oh, yes, that really saved our bullpen. It was clear he wasn't going more than a few more batters EITHER WAY (he was already at 90 pitches!!!!!!!!), so why risk blowing the lead.
That is not managing to win.
By
Anonymous, at 4/16/2008 9:22 PM
You can't manage to win every single game, especially when you're short in the bullpen and short on the bench.
Manny has managed with a handicapped roster in about 2/3 of these games. He's not been perfect and I've ripped him when appropriate. Tonight was not one of those cases.
By
Chris Needham, at 4/16/2008 9:24 PM
... and Ted will make even more money when I buy seats in the President's Club!
one thing though - am I allowed to bring a phonebook to sit on into Nationals Park so I can see?
By
Anonymous, at 4/16/2008 9:27 PM
Obviously Cordero is done. He has major issues. No breaking balls and he never broke 80 MPH. Uh oh.
By
Anonymous, at 4/16/2008 9:37 PM
This quote in today's Washington Post from our former catcher really bothered me: "You have to win now. There's some added pressure to that. There's a lot of expectations, and they're different expectations than I've ever had before. It's different to come out here and know you're supposed to win every day."
Guess that confirms the low expectations in the Nats organization.
I'm not digging Manny's softly, softly approach, even if we agree this is another year of rebuilding under the @#$%ing plan. It's agony for fans and bound to show up in empty seats back home.
By
Anonymous, at 4/16/2008 10:13 PM
Ouch. Yeah, that hurts. And we have enough empty seats already!
By
Anonymous, at 4/16/2008 10:38 PM
No need to spam the comments, especially when i've already got a link to your post on the sidebar.
By
Chris Needham, at 4/16/2008 10:51 PM
It's hard to imagine this season getting any worse than it is right now. Right guys? Right?
Anyway, although i'm glad he's gone, somehow Church homering tonight seems fitting.
Nice work on the pitching Stan and Jim. Most of these guys could barely start in Double A. Appears as though your plans have gone awry. The team blows and the stadium isn't selling itself. Hope you're happy!
It's a good thing nobody in Washington cares about the Nationals, otherwise Stan and Jim would be overthrown in a coup.
By
Anonymous, at 4/16/2008 11:20 PM
Two things.
1. Did anyone notice the smirk of total satisfaction on Church's face after he hit that home run? I imagine something along the lines of "Fuck you and your leather pants!" was going through his head as he rounded the bags.
2. How in christ's name do you let Cordero pitch when he's throwing in the lows 70's? he got through the inning, but are we purposely trying to let him blow out his arm? I don't think even Dusty Baker would have let him go out there. I kept expecting to see his arm actually fall off and onto the field after every pitch.
By
Anonymous, at 4/17/2008 12:06 AM
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