Archive for jeffrey loria

Is Jeffrey Loria’s Marlins Sale the Most Profitable Ever?

Five years ago, the Los Angeles Dodgers and San Diego Padres were sold to new owners, both partially spurred on by messy divorces. Since that time, there’s been just one change in Major League Baseball ownership, when John Staunton took control of the Seattle Mariners last season as Nintendo stepped aside. While we don’t know for sure when the next sale will be, there are rumors that Jeffrey Loria could sell the Miami Marlins for $1.6 billion, a massive increase over the 2002 sale price of $158.5 million and more than double Forbes’ current estimate of value. Loria doesn’t have a great reputation as a baseball owner, and he is absolutely going to cash in, but where would this sale rank in MLB history?

Including a potential Marlins sale, there have been by my count, 33 major transfers in ownership over the last 30 years. In taking a look at previous sales, we can compare them to Loria’s potential sale and determine how he did. In terms of a straight profit with sale price minus purchase price, Loria’s is big, but not bigger than Frank McCourt’s when he sold the Dodgers. The graph below shows the 33 sales.

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Miami Marlins New Revenue Stream: Suing Fans

At this point, it seems like piling on to write about anything that the Miami Marlins do. But the last couple of days have produced a news story simultaneously hilarious and revealing: after two fans wanted to back out of the second year of a two-year season ticket contract, the Marlins threatened to sue them.

Of course, all baseball teams are businesses, owned by people or corporations who prefer making money to losing it. But the Marlins have pioneered a Producers approach to baseball, making money on failure rather than success. It would be conspiratorial of me to allege that the Marlins have determined that a losing team is more profitable than a winning team and therefore have intentionally sabotaged their chances of winning — like Rachel Phelps did — so I won’t. But this lawsuit helps to underscore that the team does not place a high priority on building a winning ballclub or drawing fans.
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Adam Greenberg Gets His Shot

The Marlins will be giving former Chicago Cubs farmhand the at bat he lost seven years ago. According to multiple sources, the Marlins are signing Adam Greenberg to make an appearance in their series against the New York Mets:

Greenberg, on July 9, 2005, was hit in the back of the head on the first pitch from Marlins reliever Valerio de los Santos, giving Greenberg a severe concussion and effectively ending his MLB career. I was watching the game with my mother. I remember it well.

And now, after a public campaign to get Greenberg another shot at the majors, the long-time minor league and independent league 31-year-old player will get his chance.
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Frustrating Fish, or, Marlins Make Me Mad

Alliteration Adds Allure!

You know who is probably pretty happy about all the attention the current McCourt/Dodgers mess is getting? Fred Wilpon. He’s so shy he’s probably glad to have something to take attention (at least temporarily) off of the tremendous work he’s done with the Mets and the finances of Americans in general. But you know who should be happy for both of them? Former Montreal Expos and current Florida Marlins owner Jeffrey Loria. Sure, the Marlins have been very bad lately, and changed managers yet again. But hey, Jack McKeon is back and he’s even older, fun! Loria hasn’t severely damaged his franchise the way McCourt has (Congratulations! What high standards we have!), so McCourt is clearly worse at this point. But Loria is sort of like the Yankees of current bad baseball owners. The Yankees aren’t going to win every year, but they still have the most flags. (I’m just talking about baseball here. If we’re talking pro sports owners in general, yes, Donald Sterling, we see you pointing at the scoreboard.) But listing Loria’s many faults isn’t my primary purpose here today, but to point at why the Marlins’ situation irritates me so much: not only do they refuse to capitalize on talent, but in some ways they are a “model franchise” for Bud Selig’s MLB.

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Organizational Rankings: Current Talent – Florida

There’s something here. It’s unlikely much will come of it for reasons I’m sure Dave Cameron will cover later today… And that has to be incredibly frustrating for my boy Michael Jong and that one Marlins fan (or was it a homeless person who visited a Salvation Army shop with slim pickings?) I saw in Arizona… that has to be about it, right? It’s not like ownership has even earned that.

It’s too bad. The Marlins have a good core put together by a smart front office working with one hand tied behind their back. Let’s get the obvious out of the way: Hanley Ramirez is the best shortstop in baseball, and he’s only 26. ‘Nuff said. Dan Uggla’s defense, unlike Ramirez’s, appears to still be pretty bad at second, but his bat is still pretty good, and he’s an above average player. The corner infield is less inspiring, particularly with Jorge Cantu (and okay hitter but a dreadful fielder) still at third base, while something like a younger version of Cantu, Gaby Sanchez, patrols the area around first. Sanchez may just be holding down the fort until the team feels Logan Morrison is ready (and that may be soon). All three are competent, none are inspiring (although Morrison is just 22 and thus has a fair bit of upside). The outfield is good, too. The redoubtable Cody Ross was never great in center field, his defense is a plus in the corners and overall he’s probably about an average player or a bit better. Left fielder Chris Coghlan, another good young bat from the farm, would probably be playing second base this season if the club had been able to trade Dan Uggla (or moved him to third) as they wished. Anyway, Coghlan hits and fields well enough to be above average overall in left field. The long-awaited Cameron Maybin will be getting his first full-time shot in center field, and while some analysts aren’t as high on his immediate stardom as others, it seems to me he’ll get there soon enough, and with that bat and glove, it’s hard to see him being any worse than above average in 2010. In John Baker and Ronny Paulino, the Marlins have two decent catchers.

It’s the pitching that will get them. 26-year old Josh Johnson is a legitimate ace, or close to it, and the Marlins were forced by the mean-old MLBPA to extend him for four years. Isn’t there any mercy in the world for classy art dealers? Ricky Nolasco is also above average, and may still be more than that. After that, it gets pretty ugly, unless you think Anibal Sanchez and Andrew Miller are going to shock everyone and fulfill the promise they seemed to have long ago. As for the bullpen, well, you get what you pay for.

The frustrating thing about the Marlins is that with good, young players like Ramirez, Maybin, Coghlan, Johnson, and others all under contract or club control, they should be able to contend; even on their small budget, there has to be enough money left over to add a couple of non-terrible relievers, and/or another starting pitcher. Yes, the Phillies are very, very good, but with a bit of effort the Braves would be within striking distance. The Marlins could have a reasonable chance a wildcard spot (and maybe more), especially with the Nationals floundering and the Mets being the Mets. As it is, the Marlins will probably be around .500 this year, maybe a bit better, maybe a bit worse.

Jeffrey Loria should thank his lucky stars every day that Donald Sterling is around.