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
Last edited by JaxRed; 01-29-2004 at 03:06 PM.