MLB Sets New Revenue Record, Exceeding $10.8 Billion For 2022

[Ron Madden]

MLB Sets New Revenue Record

Major League Baseball hit a home run financially in 2022, propelling itself to a new record for revenues.

After two years of revenues being adversely impacted by the pandemic, the business of baseball rebounded out of the pandemic faster than a ball off the Green Monster at Fenway Park.

The figure is significant in that it shows MLB exiting the pandemic faster than anticipated, work by the business arm of the league to grow existing and new revenue streams, all while doing so in a year in which the season was cut short by one month due to a 99-day lockout by the owners as part of a labor dispute with the players over a new collective bargaining agreement.

The league’s ability to grow revenues two years after the start of the pandemic is in part due to timing around national media rights ending in 2021, opening the door to renewals from their three broadcast partners.

The 2022 season saw the first year of national media rights renewals with FOX, TBS, and ESPN. All told, the three account for $1.76 billion annually, a jump of nearly $250 million a season from the prior agreements.

While media rights continue to be the largest sector for MLB revenues, sponsorship agreements played a critical role in the financial health of Major League Baseball in 2022. According to a report by IEG, the league had sponsorship gross revenues of $1.19 billion in 2022, marking a 5.6% increase over 2021

While I have been unable to obtain data for 2019-2022, the financial information provided by MLB and confirmed by the MLBPA for 2006-2018, shows industry revenues ahead of player salaries at the MLB, Minor League, and amateur levels and the percentage of those salaries to industry revenues for a given year.

https://www.forbes.com/sites/maurybr...h=72066f4a77ee

[757690]

This memo must have gone to the Reds “junk mail” account.

[Ron Madden]

This memo must have gone to the Reds “junk mail” account.

Oh I'm sure Phil got the memo, he most likely just rubbed his hands together and chuckled greedily.

[RedsManRick]

So, $360M per team on average. 50% of that going to player salaries would be $180M per team.

[757690]

So, $360M per team on average. 50% of that going to player salaries would be $180M per team.

Thanks for the math. So the Reds are only around $100M off this year in player’s salaries.

[KronoRed]

But every team somehow LOST money.

[Redsfan6272]

now when the Reds say they have to get creative, i get madder...They are lying to our faces...

[klw]

While I assume it is included, I didn't see anything in the article indicating local TV revenue and owned channels was included in the figure. Ex the Yankees network or the Reds local deal.

[Falls City Beer]

And Reds' player payroll will see $0.00.

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But every team somehow LOST money.

And there are people who line up to agree with them. This world is insane.

[missionhockey21]

And Reds' player payroll will see $0.00.

- - - Updated - - -



And there are people who line up to agree with them. This world is insane.

Bootlickers, plain and simple.

The Reds ownership do not own the Reds out of the goodness of their hearts, to keep baseball alive in Cincinnati. And if it was losing money year to year, given the sale of other professional franchises and what it would net vs initial purchase, they would sell the team faster than Nick Senzel gets injured just hearing the term 'IL.'

This makes money for them, as it should. It is as dependable of a business to be invested in. If one down year could cause them to hit the panic button, unlike any other team in the league, it shows (scarily) how reliant ownership is on this being a cash cow for them vs their other investments.

A Steve Cohen of the world owns the Mets to live out a boyhood dream. To be part of a winner. Not all owners will be that, fair. But he does not own the Mets to make up for his other investments.

[Bob Sheed]

Milking the fan experience for personal gain 101.

If there's a hell, I hope that buys them all priority tickets.

[RichRed]

If there's a hell, I hope that buys them all priority tickets.

Where else they gonna go?

[boxseat]

Where else they gonna go?

Charlotte

[Ron Madden]

Remember what Marty Brennaman says
"It's Not Your Damn Money"

[Sea Ray]

So, $360M per team on average. 50% of that going to player salaries would be $180M per team.

This is why the players should agree to a deal that guarantees them a percentage of those revenues. Their refusal to accept a cap with a minimum is costing them money. The average payroll last year was about $148mill. A deal that guarantees them 50% of the revenue would mean nearly a billion dollars more in the players' pockets

https://sports.betmgm.com/en/blog/ml...47%2C873%2C965.