Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

Olney: These teams will be impacted most by MLB's changing financial landscape

Written by 
Published in Baseball
Saturday, 11 April 2020 16:16

The longer that baseball's doors are closed because of the coronavirus, the greater the cost, as is the case with every other business. Team officials and player agents are bracing for what they expect to be a dramatic shift in the financial landscape if the sport is shut down for the season.

What that will look like is impossible to know for sure, but projections are being constructed. There is already anticipation that if a sizable portion of the 2020 season is lost, there will be a natural response among clubs to scale back, to reduce vulnerability, to offset the hit to revenue. Whenever the game returns, there may well be a flurry of player movement that is driven by the need to unload as much debt as possible. Whenever clubs get the go-ahead to make deals again, it could be similar to the stock market at the opening bell on those days when bad news is expected.

As some clubs look ahead, they forecast a time when a defining characteristic for franchises might be the volume of long-term deals and dollars remaining on the books -- deals negotiated before the coronavirus changed the world, including baseball's yardsticks for defining value.

Take the Chicago White Sox, for example, a team that has gone through years of rebuilding to now be at the edge of contention. To goose their push to reach the top of the American League Central, the White Sox aggressively dove into the free-agent market over the winter, signing catcher Yasmani Grandal to a four-year, $73 million contract and pitcher Dallas Keuchel to a three-year, $55.5 million deal. Jose Abreu re-signed with Chicago at $50 million over the next three years. Additionally, they have put together a flurry of deals with their young players -- Tim Anderson, Yoan Moncada, Eloy Jimenez -- under the accepted premise that it's better to pay a little more guaranteed money at the outset of a contract to save money at the back end of the deal.

What the White Sox and other teams could not have known is those deals signed under the pre-coronavirus business models may not have the same context as anticipated.

Read 1182 times

Soccer

Southampton vs Liverpool: Slot hails resilient win

Southampton vs Liverpool: Slot hails resilient win

EmailPrintOpen Extended ReactionsLiverpool boss Arne Slot praised his team for mounting a second-hal...

Vini, Mbappé connect as Madrid ease past Leganés

Vini, Mbappé connect as Madrid ease past Leganés

Kylian Mbappé ended his goal drought with a thunderous strike and midfielder Jude Bellingham scored...

Marta, Orlando Pride win 1st NWSL Championship

Marta, Orlando Pride win 1st NWSL Championship

EmailPrintOpen Extended ReactionsKANSAS CITY, Mo. -- Barbra Banda's goal stood up as the winner to l...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Sources: Hornets' Williams out for rest of season

Sources: Hornets' Williams out for rest of season

EmailPrintOpen Extended ReactionsCharlotte Hornets forward Grant Williams sustained season-ending te...

'Phenomenal' Pippen Jr. shines in dad's ex-arena

'Phenomenal' Pippen Jr. shines in dad's ex-arena

EmailPrintOpen Extended ReactionsScotty Pippen Jr. already had plenty of fond memories of watching h...

Baseball

Carty, 1970 NL batting champ with Braves, dies

Carty, 1970 NL batting champ with Braves, dies

EmailPrintRico Carty, who won the 1970 National League batting title when he hit a major-league-best...

Hays, Finnegan, Rodgers among new free agents

Hays, Finnegan, Rodgers among new free agents

EmailPrintOpen Extended ReactionsNEW YORK -- Outfielder Austin Hays and right-hander Kyle Finnegan -...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated