Does this bother anyone else?
Drayton Mclane has a net worth of 1.2 billion dollars (2009 forbes). George Steinbrenner has a net worth of 1.1 billion dollars.
McLane owns businesses that add to his wealth. Steinbrenner's money comes from the Yankees
Steinbrenner has a payroll of (roughly) 200+ million dollars. McLane is looking at somewhere around 90 million for 2010
The Yankees are always in the mix for free agents, the Astros are hardly ever in the mix.
The Yankess are always a contender
The Astros....well I think it's safe to say; are not.
Our owner has a higher net worth than the guy who spends more freely than any other owner and we can't "afford" half of his payroll??? I agree that Drayton has the right to spend as he sees fit, but if you want to do right by your customers (the fans) you have to go get good players.
If you're going to put crap on the field you should expect "crops" not wins.
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It doesn't bother me
Here’s why: the Yankees could have a 60-win season next year and still sell 50,000 tickets per game at an average of $70+ per ticket. Houston isn’t that kind of a baseball town. Richard Justice is right on this point: Drayton McLane could spend far more money on player payroll if we Houston fans would buy season tickets and memorabilia regardless of the quality of play.
Also, “net worth” is different from “money that is ready to be spent”. Drayton has a fiscal (and moral) obligation to the board, co-owners, and employees of his other companies to not dip into the coffers of those other companies to fund a baseball team.
Valid point for 2009
What Justice failed to state was that for 2007 and 2008 the Astros drew over 3 million fans. When the team has a chance the people come out. I agree that the fans are more loyal to the Yankees. But there’s a history there that we don’t have. There has never been a reason for there to be a loyal fan base in Houston because we’ve been a roller coaster franchise. We’ve been almost great 3 times in 45 years, good 6 times and rotten the rest. We have absolutely ZERO to hang our hats on with this franchise. We have won a grand total of TWO playoff series in our teams 45 year history. So show me the pride? What’s the selling point for this team? This franchise has never been built for success. The Biggio/Bagwell era was tremendous…..but Drayton never would put the players around them to win. Geez!! At one time Shane Reynolds was our best pitcher. #2 maybe; but he was our “ace”. The Texans are going to feel the same pinch very soon if they don’t make the palyoffs. This city is hungry for a champion and it doesn’t matter which sport. Whichever team brings a title here will rule this city and be given 5 years of sellouts. (See Rockets back to back). I promise you it will not support losing franchises. Drayton is going to have to show an effort to improve this team or Minute Maid will be empty again and again until he either buys talent or sales the team to someone who will. I’m not saying it’s right….I’m saying it’s fact.
nitpicking i know
but it was 3 series =)
by Timothy De Block on Nov 13, 2009 9:47 PM CST up reply actions
It shows that McLane could match Steinbrenner if he wanted to use some of his own money to fund the budget (i.e., not depend on the baseball team to generate all of the profits to re-invest in the team). The Yankees have a tremendous advantage over every other baseball team in the majors. The Yankees are the most famous baseball team in the world with a much longer history than the Astros, not to mention a World Series championship history that would take the Astros many years to reach. The Yankees are in the nation’s biggest media market. The Astros could sell out MMP every day of the season and still fall far short of the Yankees’ profits because of all the additional sources of revenue for the Yankees.
I might agree that it is an interesting proposition whether additonal payroll spending by the Astros could create an upward spiral in revenues which could become self-sustaining. But I don’t think the Astros can reach the Yankees’ heights in spending.
Part of the Yankees advantage in revenue money also stems from the YES network, which brings in an obscene amount of money. We’re talking hundreds of millions of dollars. The Astros don’t have that, though there was some discussion of the Astros and Rockets starting their own network to gain that revenue. The Astros are never going to compete with the kind of money that the Yankees/Red Sox/Nationals/Cubs can produce.
I intended to encompass the YES money when I mentioned that the Yankees had the biggest media market. A media market of that size makes a team owned network the preferred course. McLane considered creating an Astros-owned network, but apparently just used the threat of doing so to get more money out of Fox Southwest.
But the Astros could have their own RSN
And it puts in them in a position to build that upward spiral of spending and revenue that leads to a model that depends on continual on-field success.
I never talk about the RSN here, but it’s something that always stews in my mind as a no brainer for the Astros.
The Crawfishboxes
A good friend of mine used to say, "This is a very simple game. You throw the ball, you catch the ball, you hit the ball. Sometimes you win, sometimes you lose, sometimes it rains." Think about that for a while.
by Stephen Higdon on Nov 15, 2009 10:06 PM CST up reply actions
As I recall, when their broadcast contracts expired, the Rockets and Astros had a plan in place to create a jointly owned broadcast network. It seemed like it was going to happen. And then Fox Sports SW made an offer for increasing the Astros’ broadcast revenues which McLane apparently found attractive enought to call off the idea. I don’t know the details of how the contract operates, but if it’s a fixed guarantee, maybe they are better off right now while the team is not ranked highly in the division and the economy is still weak. On the other hand, if the Astros had created their own network previously, maybe the 2005-2006 era, with Clemens and the World Series appearance, would have generated so much money that the Astros would be in a different competitive position right now.
One of the parts of the new Fox deal was the creation of Fox Sports Houston, which could be entirely focused on the Astros and Rockets. I think this basically just took the concept of the joint network and put it under a Fox banner.
by David Coleman on Nov 17, 2009 1:52 PM CST up reply actions
Which Jumps arround
I think during the MLB season my Fox Sports Houston feed jumps between 3-4 channels, and NBA between 2 channels. Its never consistent. At least on DISH it is not.
payroll vs. onfield product
The Astros had the 8th highest payroll in MLB for 2009. I don’t think the money’s the problem. Sure the payroll will likely shrink next year – big deal. There are teams with much smaller payrolls that compete every year. And how about those Cards? Good decisions can make money. Management has made some poor choices and the team has paid the price. I’m not saying that onfield product is uncorrelated with payroll. However there is something to be said about salary efficiency. Houston by the way was the 4th least efficient team in terms of average salary per win in 2009 (only the Cubs, Mets and Yankess paid more per win than the Astros last year).
The inefficiency of the Astros payroll mostly derives from the fixed costs, i.e., “sunk costs,” which are multi-year contracts. Given a fixed budget, these fixed costs combine with expected pay increases for arb eligible players to leave less and less each year to spend on a large number of positions. A team like the Yankees is able to simply throw away sunk costs and move on (like Pavano’s contract, for instance), raising the budget in the process.
Money is part of the problem.
It’s not that Drayton won’t spend it’s that as an organization they spend foolishly. If you’re going to tie up the majority of your “planned” payroll into 4 players you’re not going to be able to field a solid team. This would require you to spend a lot more money. I know this is heresy in Astros circles but I think in some ways it would be best to trade Berkman, Lee and Oswalt to contenders (providing they would accept the trade in their no-trade clause) and get kids to build around. Our good young players will be here for a while and can wait 3-4 years to be on a good team. The vets don’t have that much time. I’m not knocking those guys, I think it would be a courtesy to them to at least offer them an opportunity to win a championship somewhere else. What would the Rangers give to have Berkman at first and Lee DH-ing? What would the Red Sox give for Oswalt?? One things for sure….we’re not going to be a contender with the current group any time soon.
It’s not the most mathematically sound assessment, but look here at MLB’s team salary totals in the 2000’s. Notice how almost all the teams to either make or win the WS were above the median average salary? The Astros were right there at that average, and were basically at the bottom end of the spectrum. Yes, there were a few outliers, as there always will, but for the most part, teams who spend more will win more. The Astros cutting payroll is not a baseball decision. It’s to save Drayton money, plan and simple.
Subnote, the teams in the bluish color won the WS and the teams in red won their pennant.
by David Coleman on Nov 13, 2009 11:30 PM CST up reply actions
My problem with the payroll numbers
is that it includes the bloated Carlos Lee salary.
Before comparing the Astros salaries to what other teams play, the Carlos Lee salary must be reduced to fair market value. His salary was unrealistic from the start and thrust on the team.
Take out $10,000,000 or so of it and recalculate team salary . Then use the $94,000,000 budget.
Astros fan for life
by Joe in Birmingham on Nov 14, 2009 12:02 AM CST reply actions
What’s the point of that? If you’re comparing the payroll to other teams, wouldn’t you have to take out their overpriced players too?
no - Carlos Lee is a special case.
His numbers are so way out of line it distorts the effective payroll.
Every team has overpriced players, but in determining what to pay for current players, the absolute bottom line number is misleading. Carlos Lee’s salary distorts the analysis
Astros fan for life
by Joe in Birmingham on Nov 14, 2009 2:59 PM CST up reply actions
You do realize that this is the first year Carlos Lee has been overpaid, right? Going by FanGraphs WAR, in 2007 he was worth $13.5 million and was paid $11.5 million. In 2008, he was worth $15.0 million and was paid $12.5 million. This year was much worse—he was worth $11 million and paid $18.5, but not to the tune of $10 million in losses, especially if you factor in the surplus performance in previous years.
As he declines physically I do feel that his will become one of the worst contracts in baseball, barring him somehow getting back into shape. But for the past few years, his contract has not been the reason for the team’s failures.
I think once its your money
you can decide whether or not its justified.
by astrosfanforever on Nov 14, 2009 8:31 AM CST reply actions
Well, this is a bit of information I was not aware of.....
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