from Amazon
Wednesday, August 25, 2010
Pirates incentivized to not win?
That’s what I get from Phil.
As a result, Tampa Bay’s regular-season operating income declined from $22 million in 2007 to less than $1 million in 2008—which means it cost the team $21 million to transition from cellar dwellers to World Series participants. As amazing as it seems, even after adding in $11 million in postseason earnings, the Rays were more profitable when they went 66-96 than when they went 97-65.
Based on these calculations, it seems unlikely that the Pirates will ever be able to turn a substantial profit while spending significant money on free agents.
Loved the article.