The *Poor* Giants
Jon Miller was recently interviewed by Howard Medgal (“Sports on Earth”) and was asked to break down the failure points of the 2013 season. He said pretty typical things that we’ve all discussed, but I did find this comment interesting (in response to the challenges the Giants face in keeping up with the free spending Dodgers):
“The cost of a superstar bat, or a superstar pitcher, has to go to the mortgage every year,” Miller said. “And they still have to put money into revenue sharing — one of the haves. Or maybe the way they look at it, maybe, they have to write a check to Oakland, write a welfare check to Oakland, which is a different story.”
Now, I know the Giants refinanced their stadium loan so it’s not going to get paid off by 2017 as had been originally planned. But I don’t understand Miller’s comment at all. He uses the $20 mil annual finance payment as an excuse (or a *reason* depending on how you look at it) for why they can’t go after a $20mil/year bat but makes no mention of their monstrous yearly revenue. How could the mortgage payment be the reason they don’t go after a big bat?
And the re-fi was done so the team could develop the parking lot across from McCovey Cove. They’re going to build parks and restaurants (another future revenue bonanza for the team).
Miller should have stuffed his mouth with a couple of those tasty ballpark hot dogs before he tried to answer this question……
Post season Prediction Contest:
Twin is organizing a (see above). If you’re interested, please indicate that you want to play in the comment section below. Here is his post from yesterday with some details: