Okay here's the revised info.
I figured the 2 million we got for Boone and Williamson into the database. We also got undisclosed cash for White but I assume that was fairly small and i ignored it.
That puts the Reds net payroll at $53,509,745. Before the add-on we discussed.
The expenses of 13 million for baseball operations need to be 36 million minimum. (The MLB/Pappas numbers). As part of their negotiations with the County for the new stadium the Reds had their rent reduced to $1. So the 36 million figure is all "baseball operations".
Since the 6 million listed for cost of materials and marketing would have been included in the umbrella 36 million, they should no longer be included.
That means expenses are:
Operations 36 mill
Rent 2.5 mill
Maintenance 9 mill
The combination of the remainder of last 10 million dollar payment, adding what Reds spent I'm calling 10 mill.
That means total expenses are $118, 562, 016
On the revenue side. The old agreement on concessions was a 90/10 split with the county. Now, the Reds could keep all 90% and run their own operations, but they instead gave 60% to Sportservice. Meaning the Reds got 30% of the revenue.
In the new contract, there was no split with the county. The Reds got 100%. But again they decided to give Sportservice a percentage. If they did better as John Allen says, it safe to say they kept 40% this time. That makes Concession revenue $6,594,725, reducing the previous Revenue estimate by $9,892,088.
Total Revenue is now: $108, 779, 572
Total Expenses : $118, 562, 016
Net Loss - $9,892,088
A couple articles mentioned 11 or 12 million in luxury items the Reds are paying. I think these are in addition to these figures, but I can't be positive, so I did not include them
The lowest acceptable payroll amount for ownership to show they are not greedy pigs is 15 million more than they are currently paying. No matter what that currently is.
Last edited by JaxRed; 01-29-2004 at 02:06 PM.