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Thread: The Mets Ownership / Management Thread

  1. #3326
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    Quote Originally Posted by trepye View Post
    These fools are going to take this Billion-Dollar pitching rotation and turn it into a 5-yr cash cow. And so long as Met fans tumble into the ballpark like zombies incapable of judgment and self-respect they are going to make a minimal investment on their ridiculously good talent pool of pitching. Next time you are pissed off watching your hometeam during a game in Citifield, REMEMBER..... you get what you pay for, and you paid for it, thereby you should be pissed off at your lack of common sense as much as this reprehensible ownership.
    They're not fools they're villains.

    Fandom is imprinted same time as religion and national identity for most. That's why fans act like "zombies" instead of consumers of entertainment. Add in that Fred has the local franchise for a legal monopoly and you've got a problem.

    Between this and the Willets Point land grab, owning the Mets has let Fred and Saul go on a real rampage.


    "The Fightin' Met With Two Heads" - Mike Tyson/Ray Knight!

  2. #3327
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    Contrasting wisdom from a couple months ago:
    http://espn.go.com/nba/story/_/id/14...s-luxury-taxes

    CLEVELAND -- Cavaliers owner Dan Gilbert said he's spending a near-record amount on salaries and luxury taxes because it would be foolish not to.

    Since the end of last season, the Cavs have locked up players to nearly $300 million in new contracts, including $113 million to Kevin Love, $82 million to Tristan Thompson and $47 million to LeBron James. Currently, Gilbert is committed to spending $175.6 million on payroll this season, with $65 million of that in luxury taxes. Those numbers would represent the second-highest spending numbers in league history, falling behind only the 2013-14 Brooklyn Nets, who spent $197 million, including tax.

    "We're committed; we're all-in ... When you invest in something like a sports franchise and you're in for so much ... if you at the margins start pulling back, I think that may be foolish on a lot of fronts," Gilbert said "We're investing for the future as well as the current." With the exception of James, who can be a free agent next summer, the Cavs now have their entire core locked up for the next four seasons, as Kyrie Irving is at the start of a new extension he signed last year. Gilbert said that was a driving force behind all the spending in the offseason. "These guys who are under these large contracts, that's a core for four or five years,"

  3. #3328
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    Quote Originally Posted by GordonGecko View Post
    Contrasting wisdom from a couple months ago:
    http://espn.go.com/nba/story/_/id/14...s-luxury-taxes

    CLEVELAND -- Cavaliers owner Dan Gilbert said he's spending a near-record amount on salaries and luxury taxes because it would be foolish not to.

    Since the end of last season, the Cavs have locked up players to nearly $300 million in new contracts, including $113 million to Kevin Love, $82 million to Tristan Thompson and $47 million to LeBron James. Currently, Gilbert is committed to spending $175.6 million on payroll this season, with $65 million of that in luxury taxes. Those numbers would represent the second-highest spending numbers in league history, falling behind only the 2013-14 Brooklyn Nets, who spent $197 million, including tax.

    "We're committed; we're all-in ... When you invest in something like a sports franchise and you're in for so much ... if you at the margins start pulling back, I think that may be foolish on a lot of fronts," Gilbert said "We're investing for the future as well as the current." With the exception of James, who can be a free agent next summer, the Cavs now have their entire core locked up for the next four seasons, as Kyrie Irving is at the start of a new extension he signed last year. Gilbert said that was a driving force behind all the spending in the offseason. "These guys who are under these large contracts, that's a core for four or five years,"
    Gilbert takes pride in owning a sports team, hobnobbing with LeBron, winning. It's a more attractive persona for him than being a usurer. Fred is different. All you needed to see was Fred and Saul celebrating on the steps of the courthouse after the Madoff settlement to know they're different. Fred and Saul's joy at keeping almost all the money stolen from widows and charities said it all. They prefer sticking it to others over being local heroes.

    Also Fred is probably running the Mets/SNY at a better than 50% operating margin combined. It's incredible.

    T.V. money is guaranteed to be over $250M a year. Wilpon net from SNY is >$100M, SNY paymet to the Mets $83M, MLB payment for national TV deal $70M. That's $250M for TV rights.

    In Fred's New Yorker interview it was revealed every fan that attends a game averages $125 in revenue for Fred. Let's lower that to $75 for no shows, etc. The Mets never dip below 2 million attendance. That's another $150M almost guaranteed every year.

    So $400+ million dollars combined. And last year with better attendance and the post-season they probably grossed over $500 million.

    And what are operating expenses?

    The best chart I've seen is outdated but a good guideline:

    If Mets operating expenses were $75 million in 2002 inflation would bring them to around $100 million now.

    Meanwhile TV revenues have exploded between then and now.

    With payroll of around $100 million and operating expenses of $100 million Fred probably netted close to $300 million from the Mets/SNY last year. But the team never sees any of that money. The tapeworm's tape just gets longer and longer. Which for Fred is meaning of life.


    "The Fightin' Met With Two Heads" - Mike Tyson/Ray Knight!

  4. #3329
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    Apparently Fred Wilpon has achieved the almost impossible: he's managed to lose a lot of money in the current real estate environment.

    http://deadspin.com/documents-mets-o...lio-1754348874

    Not sure exactly what's going on. I'm not sure how big a role SAP V plays in Fred and Saul's ventures. I'd imagine as with most such funds their liability is limited. Not in the mood to waste brainpower assessing Fred's problems right now. I'll say this: if he needs a quick $2 billion he knows what to do.


    "The Fightin' Met With Two Heads" - Mike Tyson/Ray Knight!

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