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MLB 2019 and Beyond: Something Something Three True Outcomes....
- Thread starter RaceBoarder
- Start date
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Kepler
Cornell Big Red
Re: MLB 2019 and Beyond: Something Something Three True Outcomes....
Go deep in counts.
<img src="https://i.imgflip.com/2pzj16.jpg" height=300>
Go deep in counts.
<img src="https://i.imgflip.com/2pzj16.jpg" height=300>
MavHockey14
New member
Re: MLB 2019 and Beyond: Something Something Three True Outcomes....
Now the Twins will (try to) over pay for MadBaum...
Now the Twins will (try to) over pay for MadBaum...
mookie1995
there's a good buck in that racket.
Re: MLB 2019 and Beyond: Something Something Three True Outcomes....
hate the owner
not the player
hate the owner
not the player
state of hockey
He fixes the cable?
The Twins overpay? Haha!
Even if they decided to do this for once, the Dodgers have shifted their focus to him now that Cole is off the market. The Dodgers looooooove to overpay people.
JF_Gophers
2147483647
Re: MLB 2019 and Beyond: Something Something Three True Outcomes....
Bumgarner would reject the Dodgers. Regardless of pay. He seems old school and wants to keep his Giants legacy.
Bumgarner would reject the Dodgers. Regardless of pay. He seems old school and wants to keep his Giants legacy.
Russell Jaslow
Registered User
MavHockey14
New member
Lots of $$$ needed to get a guy who has lived in California to leave there for Minnesota..
Re: MLB 2019 and Beyond: Something Something Three True Outcomes....
Jesus. It's a wonder how teams even make money....
Jesus. It's a wonder how teams even make money....
JF_Gophers
2147483647
The league made like $10 billion last year. They can afford it.
mookie1995
there's a good buck in that racket.
And then some
RaceBoarder
Waiting for the Snow to fly...
Re: MLB 2019 and Beyond: Something Something Three True Outcomes....
Just to give you an idea: At cost, fountain pop + cup runs about 1.5 cents per ounce. You know, the same servings that they are charging $7 for... Now multiply that return on almost all the concession items you see and think about how much an average crowd of 20-25k people eats over the 4 hours they are in the park. Then do that 81 times/year.
Sports owners are not hurting under their current model. It's just a matter of when the bubble will burst...
Just to give you an idea: At cost, fountain pop + cup runs about 1.5 cents per ounce. You know, the same servings that they are charging $7 for... Now multiply that return on almost all the concession items you see and think about how much an average crowd of 20-25k people eats over the 4 hours they are in the park. Then do that 81 times/year.
Sports owners are not hurting under their current model. It's just a matter of when the bubble will burst...
Re: MLB 2019 and Beyond: Something Something Three True Outcomes....
Is that the the total cost at the point of consumption, including all contractors and employees who are part of the delivery chain?
Not questioning your basic point, btw.
Is that the the total cost at the point of consumption, including all contractors and employees who are part of the delivery chain?
Not questioning your basic point, btw.
RaceBoarder
Waiting for the Snow to fly...
Re: MLB 2019 and Beyond: Something Something Three True Outcomes....
That doesn't include labor or the infrastructure needed to distribute (but this was likely already paid for in the stadium cost). Concession workers are slightly above minimum wage at best and are obviously part time, so not a ton of labor cost there. Teams will also have "volunteer" groups (schools, charities, youth sports/clubs,etc) work concession stands, thus earning them a small portion of the total revenue in exchange for free labor. So basically they are paying someone $10/hour to sell 100's of drinks at a profit rate above $4-5/drink.
Above the grunts working the stands, there are only a few managers running the entire show. The minor league team I worked for 10 years ago had 1 food/beverage manager and 2 interns running everything. An MLB level operation is 10-15 people working above grunt level. Also, the MLB teams will contract this out. This is where companies like Levi Restaurants and Amarak come in. They are bidding on the operation. So in reality, the MLB team is getting a predetermined, very profitable rate that is basically guaranteed.
Working that internship 10 years ago along with some other life experience I've come across has completely changed the way I look at the sports world. I still love it, but I also know how the sausage is made so to speak...
That doesn't include labor or the infrastructure needed to distribute (but this was likely already paid for in the stadium cost). Concession workers are slightly above minimum wage at best and are obviously part time, so not a ton of labor cost there. Teams will also have "volunteer" groups (schools, charities, youth sports/clubs,etc) work concession stands, thus earning them a small portion of the total revenue in exchange for free labor. So basically they are paying someone $10/hour to sell 100's of drinks at a profit rate above $4-5/drink.
Above the grunts working the stands, there are only a few managers running the entire show. The minor league team I worked for 10 years ago had 1 food/beverage manager and 2 interns running everything. An MLB level operation is 10-15 people working above grunt level. Also, the MLB teams will contract this out. This is where companies like Levi Restaurants and Amarak come in. They are bidding on the operation. So in reality, the MLB team is getting a predetermined, very profitable rate that is basically guaranteed.
Working that internship 10 years ago along with some other life experience I've come across has completely changed the way I look at the sports world. I still love it, but I also know how the sausage is made so to speak...
Kepler
Cornell Big Red
Re: MLB 2019 and Beyond: Something Something Three True Outcomes....
538 ran an analysis a few years ago. Athletes are underpaid given the profit they generate for the league and its owners. In some sports, like basketball, they are massively underpaid. LeBron's fair market value salary is something like $1B per year.
Don't think of athletes as employees, think of them as investors. They have athletic capital to invest over a brief period. Time is their mortal enemy -- it's the equivalent of a sky high inflation rate continually eroding the exchange value of their capital. An injury is the equivalent of a market crash.
The owners have successfully managed to cast them as spoiled but nobody ever casts a capitalist as "spoiled" for getting the best ROI.
tl; dr: If the owners are hurting, sell. Odd that despite their supposedly perilous situation they almost never do.
538 ran an analysis a few years ago. Athletes are underpaid given the profit they generate for the league and its owners. In some sports, like basketball, they are massively underpaid. LeBron's fair market value salary is something like $1B per year.
Don't think of athletes as employees, think of them as investors. They have athletic capital to invest over a brief period. Time is their mortal enemy -- it's the equivalent of a sky high inflation rate continually eroding the exchange value of their capital. An injury is the equivalent of a market crash.
The owners have successfully managed to cast them as spoiled but nobody ever casts a capitalist as "spoiled" for getting the best ROI.
tl; dr: If the owners are hurting, sell. Odd that despite their supposedly perilous situation they almost never do.
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Russell Jaslow
Registered User
Re: MLB 2019 and Beyond: Something Something Three True Outcomes....
Plus, I don't think people realize how much MLB made when they sold off their digital production subsidiary. I remember seeing a figure somewhere how much each team gets paid for that sale per year (I forget how many years they get paid). It's in the $100's of million range. Per team!
Plus, I don't think people realize how much MLB made when they sold off their digital production subsidiary. I remember seeing a figure somewhere how much each team gets paid for that sale per year (I forget how many years they get paid). It's in the $100's of million range. Per team!
Russell Jaslow
Registered User
Re: MLB 2019 and Beyond: Something Something Three True Outcomes....
My wife said, "probably the Angels still won't make the playoffs."
My wife said, "probably the Angels still won't make the playoffs."
Russell Jaslow
Registered User
Re: MLB 2019 and Beyond: Something Something Three True Outcomes....
My cousin once worked the concession stands at the U.S. Open (for tennis, probably back when it was still in Forest Hills) when he was in high school. Mind boggling the stories he told me. Makes you never want to buy food at a concession stand. Then again, talk to a restaurant worker, and you probably won't want to go out to eat anymore...
My cousin once worked the concession stands at the U.S. Open (for tennis, probably back when it was still in Forest Hills) when he was in high school. Mind boggling the stories he told me. Makes you never want to buy food at a concession stand. Then again, talk to a restaurant worker, and you probably won't want to go out to eat anymore...
Kepler
Cornell Big Red
Re: MLB 2019 and Beyond: Something Something Three True Outcomes....
I grew up within 12 miles of that stadium. To be fair, that area (Nassau County, NY) is ground zero for the most loathsome people on the planet. A planet that includes Marin County and wherever Dump is from.
I grew up within 12 miles of that stadium. To be fair, that area (Nassau County, NY) is ground zero for the most loathsome people on the planet. A planet that includes Marin County and wherever Dump is from.
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