MLB to buy new Yanks Stadium?

Ytown Tribe fan · 09-16-2004, 05:32 PM

According to Article XXIV, Section a(5) of the 2002 collective bargaining agreement, teams must make revenue-sharing payments on all baseball revenue, but can deduct "the 'Stadium Operations Expenses' of each Club, as reported on an annual basis in the Club's FIQ [Financial Information Questionnaire].

One COULD take this to mean that the expenses from building a new stadium could be deducted in whole from the team's revenue, which could make the Yanks eligible for revenue-sharing income from other franchises, at least until they "broke even "again.

Could this happen? Would it be good for MLB?

Crash Course · 09-16-2004, 10:23 PM

It will happen. That's exactly why the Yankees will kick in something like $400 million towards the construction of a new Yankee Stadium.

Good for baseball? I dunno - is it better for Stein to take his profits and pay for a new Stadium for his team, or, is it better for him to give his money to owners who stick it in their pocket rather than improve their team with the money?

Until there's a salary floor, I have no issue with teams doing this and avoiding sharing.

KCBOOMER · 09-17-2004, 08:48 AM

That's the way the rule reads.

Deep Blue · 09-22-2004, 01:08 PM

Do "Stadium Operating Expenses" cover purchase/building costs though ? Curious about how broadly that is defined.....

Having said that, until there is a salary floor and a more meaningful revenue sharing plan, the whole thing is rather pointless.

Crash Course · 09-22-2004, 02:32 PM

Bud probably put the rule in thinking the Brewers would make $ and the new park would be a way to keep it.

TimmyB · 09-22-2004, 02:49 PM

That's the way I understood things. Based on the plan the Yankees put forth earlier in the summer they would put a real dent in the amount they contribute to the tax.

If this is the case Selig will have to use some more creative thinking to be able to extort money for the Brewers.

09-16-2004, 05:32 PM	#1
Ytown Tribe fan Guest Join Date: Jan 2002 Location: Scrappers territory Posts: 2,515	MLB to buy new Yanks Stadium? According to Article XXIV, Section a(5) of the 2002 collective bargaining agreement, teams must make revenue-sharing payments on all baseball revenue, but can deduct "the 'Stadium Operations Expenses' of each Club, as reported on an annual basis in the Club's FIQ [Financial Information Questionnaire]. One COULD take this to mean that the expenses from building a new stadium could be deducted in whole from the team's revenue, which could make the Yanks eligible for revenue-sharing income from other franchises, at least until they "broke even "again. Could this happen? Would it be good for MLB?

09-16-2004, 10:23 PM	#2
Crash Course NetShrine Creator & Curator Join Date: Feb 2004 Location: NetShrine WHQ Posts: 10,070	It will happen. That's exactly why the Yankees will kick in something like $400 million towards the construction of a new Yankee Stadium. Good for baseball? I dunno - is it better for Stein to take his profits and pay for a new Stadium for his team, or, is it better for him to give his money to owners who stick it in their pocket rather than improve their team with the money? Until there's a salary floor, I have no issue with teams doing this and avoiding sharing. __________________ Steve, Forum Admin Hit Grass, Win Salad Man, this is baseball. You gotta stop thinking. Just have fun. - Benny "The Jet" Rodriguez, in The Sandlot I've been going to games since August 8, 1973....and on August 22, 2004, finally, a foul ball came my way. I had to reach for it, and it deflected off the tip of my right index finger. Shoot, if I was only 4 inches taller! Have you read The Baseball Same Game?

09-17-2004, 08:48 AM	#3
KCBOOMER NetShrine All-Century Team Join Date: Jan 2002 Location: Home of the T-Bones Posts: 11,116	That's the way the rule reads. __________________ KCBOOMER *Buck O'Neil: The Monarch of Baseball*

09-22-2004, 02:32 PM	#5
Crash Course NetShrine Creator & Curator Join Date: Feb 2004 Location: NetShrine WHQ Posts: 10,070	Bud probably put the rule in thinking the Brewers would make $ and the new park would be a way to keep it. __________________ Steve, Forum Admin Hit Grass, Win Salad Man, this is baseball. You gotta stop thinking. Just have fun. - Benny "The Jet" Rodriguez, in The Sandlot I've been going to games since August 8, 1973....and on August 22, 2004, finally, a foul ball came my way. I had to reach for it, and it deflected off the tip of my right index finger. Shoot, if I was only 4 inches taller! Have you read The Baseball Same Game?

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09-22-2004, 01:08 PM	#4
Deep Blue All-NetShrine Team Member Join Date: May 2004 Location: Massachusetts Posts: 361	Do "Stadium Operating Expenses" cover purchase/building costs though ? Curious about how broadly that is defined..... Having said that, until there is a salary floor and a more meaningful revenue sharing plan, the whole thing is rather pointless.

09-22-2004, 02:49 PM	#6
TimmyB NetShrine's Magic 8-Ball Join Date: Mar 2002 Location: Where the cops speak slow and the air is nice Posts: 2,591	That's the way I understood things. Based on the plan the Yankees put forth earlier in the summer they would put a real dent in the amount they contribute to the tax. If this is the case Selig will have to use some more creative thinking to be able to extort money for the Brewers.

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