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Thread: Pirates are doing fine, financially

  1. #1
    Go Reds Go! UKFlounder's Avatar
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    Pirates are doing fine, financially

    http://sports.espn.go.com/mlb/news/story?id=5484947

    Don't feel too sorry for the cellar-dwelling Pittsburgh Pirates. Losing has been profitable.

    The Pirates made nearly $29.4 million in 2007 and 2008, according to team financial documents, years that were part of a streak of futility that has now reached 18 straight losing seasons. The team's ownership also paid its partners $20.4 million in 2008.

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  3. #2
    Member Redlegs's Avatar
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    Re: Pirates are doing fine, financially

    That's unfortunate for the fans of Pittsburgh. They used to be such a proud group. I remember how tough a three game series at Three Rivers used to be.

    This is where the business aspect of the game comes in. MLB should do everything in their power to ensure the Pirates are making an effort to win. As long as the moneys are rolling in, nothing will be done. This is why the NFL has taken over as America's favorite game, IMO. Every fan needs to go into spring training with the hope of this being there team's year.
    As God as my witness, I thought turkeys could fly.

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    Go Reds Go! UKFlounder's Avatar
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    Re: Pirates are doing fine, financially

    But MLB says the Pirates are handling their finances within the rules, so MLB is basically approving of how they spend their money. Maybe they are actually spending it on development (the article said they spend about the same as others in that area, but if they are getting so much revenue sharing and spending so much on payroll, shouldn't their expenditures on development be HIGHER than most teams?), but it's tough to see that.

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    Be the ball Roy Tucker's Avatar
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    Re: Pirates are doing fine, financially

    Reading the ESPN article reminded me of this SI article from a few weeks back...

    http://sportsillustrated.cnn.com/vau...10/2/index.htm

    The conversation with Bob Nutting towards the end doesn't quite jive with the published numbers.

    I'm glad I'm not a Pirates fan.

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    Mon chou Choo vaticanplum's Avatar
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    Re: Pirates are doing fine, financially

    Quote Originally Posted by Roy Tucker View Post
    I'm glad I'm not a Pirates fan.
    I feel bad for Pirates fans a lot of the time but then I remember that most of them support the Steelers. That quashes my sympathies pretty quickly.
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    My clutch is broken RichRed's Avatar
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    Re: Pirates are doing fine, financially

    Quote Originally Posted by vaticanplum View Post
    I feel bad for Pirates fans a lot of the time but then I remember that most of them support the Steelers. That quashes my sympathies pretty quickly.
    Very good point. I'll have to remember that.
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    Be the ball Roy Tucker's Avatar
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    Re: Pirates are doing fine, financially

    Quote Originally Posted by vaticanplum View Post
    I feel bad for Pirates fans a lot of the time but then I remember that most of them support the Steelers. That quashes my sympathies pretty quickly.
    That is a very true statement. But even when the Pirates were good, the Pirate fan was a far different animal than a Steeler fan.

    It's like I used to feel a little sorry for Cubs fans. After all, 1908 is a long time ago. But then when they experienced some success during the 2000's and your average Cub fan went from pathetic to obnoxious, any sympathies I had for them rapidly dissapated and I don't anticipate them *ever* coming back.

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  9. #8
    Danger is my business! oneupper's Avatar
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    Re: Pirates are doing fine, financially

    I become a Pirates fan, a Cubs fan, a Brewers fan, etc...every time those teams play the Cardinals.

    Can't begin to say how much I have appreciated the wins the Cubs and Brewers managed last week.

    Thanks, guys!
    "A person is smart. People are dumb, panicky, dangerous animals and you know it."

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    Member OesterPoster's Avatar
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    Re: Pirates are doing fine, financially

    The Pirates did spend money on the draft this year, going 180% over slot to sign 6 of their top 10 picks.

    The problem to me is that they only signed 6 picks out of the top 10. Betting on those 6 guys seems risky.

    http://www.baseballamerica.com/blog/draft/?p=2935

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    Unsolicited Opinions traderumor's Avatar
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    Re: Pirates are doing fine, financially

    Quote Originally Posted by Roy Tucker View Post
    That is a very true statement. But even when the Pirates were good, the Pirate fan was a far different animal than a Steeler fan.
    It's like I used to feel a little sorry for Cubs fans. After all, 1908 is a long time ago. But then when they experienced some success during the 2000's and your average Cub fan went from pathetic to obnoxious, any sympathies I had for them rapidly dissapated and I don't anticipate them *ever* coming back.
    Such as they didn't show up even when the team was good. I still recall the significant amount of empty seats in the 1990 NLCS.
    Can't win with 'em

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    Member 15fan's Avatar
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    Re: Pirates are doing fine, financially

    Quote Originally Posted by Redlegs View Post
    This is where the business aspect of the game comes in. MLB should do everything in their power to ensure the Pirates are making an effort to win. As long as the moneys are rolling in, nothing will be done. This is why the NFL has taken over as America's favorite game, IMO. Every fan needs to go into spring training with the hope of this being there team's year.
    Good for the Pirates owners. They bought the team, so they should run it as they see fit.

    Bad for the Pirates fans. All 3 of them.

    And good for Reds fans, too. As one of the teams in the only 6 team division in MLB, the fact that one franchise has 0 interest in competing increases the odds that the Reds can get to the post-season in any given season.

    This is nothing new, and nothing unique to baseball. Regardless of the financial structures in place in a league, there are always going to be hapless franchises like the Clippers, Warriors, Pirates and Browns. Teams that even when they try, always manage to get it wrong.

  13. #12
    The Lineups stink. KronoRed's Avatar
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    Re: Pirates are doing fine, financially

    Eh this doesn't bother me, I wish during the lost decade the Reds would have avoided the Eril Milton type signings and pocketed the cash instead, teams record certainly wouldn't have been that diffrent.

    I do like the Pirates, they and the Reds have quite a similar history and they do have by far the best of the new parks in baseball.
    Go Gators!

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    Re: Pirates are doing fine, financially

    Quote Originally Posted by 15fan View Post
    Good for the Pirates owners. They bought the team, so they should run it as they see fit.

    Bad for the Pirates fans. All 3 of them.
    And maybe not so good for Pittsburgh taxpayers.

  15. #14
    Go Reds Go! UKFlounder's Avatar
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    Re: Pirates are doing fine, financially

    Or for MLB who gave them revenue sharing monies that obviously have not worked for their competitiveness. The Pirate owners can spend their money how they wish, but can they spend other teams' money how they wish? MLB has approved their plan, so I guess so. And maybe in a few years it will prove to have been a good plan, but I guess there is a bit more waiting to do

    Quote Originally Posted by Rojo View Post
    And maybe not so good for Pittsburgh taxpayers.

  16. #15
    Big Red Machine RedsBaron's Avatar
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    Re: Pirates are doing fine, financially

    Quote Originally Posted by traderumor View Post
    Such as they didn't show up even when the team was good. I still recall the significant amount of empty seats in the 1990 NLCS.
    IIRC correctly there were empty seats at Three Rivers way back in 1970 when the Reds and Pirates met in the NLCS.
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