Time skip

More teams are spending the resources they have even as others run in place, the next CBA is Manfred’s last, with his final major act likely being a landscape-altering broadcasting deal. Pieces are starting to come together that will still be in play at the end of the decade.

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The Juan Soto deal has me thinking about the future a bit. Not Soto’s future, but what’s going on in MLB. You’ll have to excuse me for using this space to get some thoughts down and further organize them, but it’ll end up resulting in another piece or two down the line once that’s all done.

Event: The Dodgers spend and spend some more, deferring even more money, and are projected for a $279 million Opening Day payroll after kicking off 2024 at $267 million — please recall that Shohei Ohtani was paid just $2 million in 2024, with the other $68 million in the deal deferred until the playing time portion of the contract expires for 2034. The Dodgers ranked third in payroll, but second for luxury tax implications, as more of Ohtani’s deal counts towards that figure in the present than in the figure calculated with actual dollars.

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Juan Soto, the Mets, Dodgers, and spending

Even if only the Mets could get Juan Soto because Steve Cohen would do anything to get him, there’s plenty to learn from the signing on what this says about the rest of the league and their spending habits.

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Earlier in the offseason, there was an entire cycle of outrage at the Dodgers, for their decision to keep adding good baseball players who cost money to their team, that won a championship in 2024. The deferrals were a particular sticking point, but also just the idea that a team had resources and was using them was another. Let’s prepare ourselves for the same thing happening now, with the Mets, as they signed Juan Soto to a 15-year, $765 million contract — and one without deferrals, too, to really show off how much owner Steve Cohen has more money than anyone else in the league.

You’re going to hear people complain about a salary cap, or the fact that the Mets spending like this isn’t fair because not every team has this kind of money. Conveniently enough, I already covered the aforementioned outrage cycle for the Dodgers over at Baseball Prospectus, and quite a bit of it overlaps here with the Mets — to the degree that I already used Juan Soto as an example for points I was making within. So, I’ll just share some of that now:

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Climate change, new stadiums, and the Rays

The Trop is likely no more. The Rays’ new stadium deal might also be no more. A hurricane spawned by a warming Atlantic caused both of these issues, and there are more hurricanes to come.

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The Rays aren’t going to play in Tropicana again — the damage caused to both the roof and the inside of the domed stadium, and the no vote by the county commission to cover the costs of repairs confirmed that — but they also might not play in St. Petersburg again. To a degree, that’s about the upcoming vote on selling the bonds necessary for Pinellas county to fund the construction of a new stadium, but it’s also about what destroyed the Trop in the first place: a hurricane.

Florida is no stranger to hurricanes, but the intensity of the ones that make landfall, and the length of the hurricane season, are both growing. The Trop was built to withstand the hurricanes of a different era — the Rays began playing there in 1998, yes, but it was actually completed in 1990, when it was known as the Florida Suncoast Dome, and $70 million in renovations were made on a stadium that had cost $130 million to build less than a decade before.

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Notes: Diamond, the catcher market, Rays’ stadium deal dead or dying

Catching up on the week of holiday news, before the winter meetings shift.

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My latest at Baseball Prospectus (subscription required) published a week ago, but I hadn’t had a chance to share it in this space until now. It’s meant to, now that we’ve got clarity on the Diamond bankruptcy situation, point out how we could see this moment in time coming a few years ago as the players were locked out by the owners during collective bargaining, and that we’re not going to see the full effects of the league’s transition from primarily cable broadcast to primarily streaming happen without another CBA battle.

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The A’s are already failing at free agency

Sacramento has already cost the A’s a free agent pitcher that made sense for them.

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The A’s can say that they don’t want to be known as the Sacramento A’s all they want, but the thing is, that’s where their home games are. And the players that they might want to sign know this, and on top of the A’s not being a very good team and not offering competitive contracts to basically anyone for years and years now, it’s going to impact their player acquisition.

In fact, it already has. Walker Buehler, a free agent for the first time after seven seasons and eight years with the Dodgers, would have been the perfect fit for a team like the A’s on a short-term deal. Buehler missed 2023 after undergoing Tommy John surgery, and pitched pretty poorly in 75 regular season innings after returning, allowing nearly two homers per nine innings while posting an ERA of 5.38. He was better in the postseason, but we’re also talking about 15 innings there: he had plenty left to prove, especially with his 2022 just being a league-average campaign.

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The Fair Ball Act would close an exploitable loophole

A collective bargaining agreement between MLB and its minor leaguers only goes as far as federal and state exemptions allow it to.

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Minor league baseball players might have unionized in the fall of 2022, leading to their first-ever collective bargaining agreement early the next year, but that alone isn’t enough. This was obvious at the time, as, even while MLB was at the bargaining table with the Players Association, the former was trying to support an exemption that would allow them to a CBA workaround in Florida — one that would have let them avoid adhering to the state’s minimum wage laws.

Here’s what I said at the time about that, in March of 2023:

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St. Petersburg, Oakland, and public subsidies

A reminder that cities, counties, and states giving up hundreds of millions of dollars (or even over $1 billion) in public subsidies to stadiums can hurt those places far more than a new stadium can help.

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We’ve spent a whole lot of 2024 talking about the Tampa Bay Rays and the Oakland A’s, as well as how the former was set to stay that way while the latter wormed their way into just being the A’s, no hometown, for a few years. Those stories aren’t just covered because they involve the obscenely wealthy casually and easily lying in order to avoid spending their money as much as possible, but also because the thing they’re going for is public subsidies.

These subsidies don’t exist in a vacuum. If they go to a stadium, they aren’t going to something else. This is why Schools Over Stadiums formed in Nevada after state, county, and city politicians got into bed with the A’s: Nevada’s public schools were in desperate need of financial assistance, and, once again, everyone with the power to give those funds to a billionaire for a new stadium wanted to do that instead. As Chris Daly, the Deputy Executive Director of Government Relations for the Nevada State Education Association, told me last September:

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Notes: Diamond’s plan approved, MLBPA licensing change, Rays have 2025 home

Diamond isn’t going anywhere for the next few years, but the Rays are.

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Thanks to the judge’s decision on Thursday, Diamond will emerge from bankruptcy court with a plan to keep their regional sports broadcasting business going. There are quite a few details to go over, with more to come, but I’d like a little more time to mull over What It All Means before diving into all of that. So, today, let’s just look at some basics.

Diamond will continue to broadcast seven MLB teams, far fewer than it used to, and all on deals that were restructured to varying degrees. The Cardinals, for instance, worked out a new deal, but will see about a 25 percent drop in annual revenue compared to where they were before. Part of that likely had to do with their severe drop in viewership over the past couple of seasons, though, we’ve already discussed one solution for that. The Braves stayed on the same deal, but granted streaming rights to Diamond. The Royals could still rejoin Diamond, but at this point the two sides are still negotiating.

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Notes: Giants to cut payroll, Trop won’t be fixed for 2025

The Giants plan to cut costs, and we get answers to two of the three key Tropicana roof questions.

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We’ve already seen a few teams plan to cut payroll for the 2025 season, despite their performances in 2024 suggesting maybe some spending would help things. The White Sox leaked that info before the summer’s record-setting disaster had even come to a close, and the Rockies, another 100-game loser, followed suit in October. Then you’ve got clubs like the Cubs, who aren’t actively slashing, but they also are avoiding doing super obvious things they could afford to do and should do like attempting to sign 26-year-old free agent Juan Soto. You know, because of financial flexibility. What good is financial flexibility if having it precludes you from acquiring literally Juan Soto? An important question the people espousing its usefulness do not want you to ask.

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Notes: Cubs already giving up, Pride Nights, Dodgers and Trout

The Cubs, at best, think you’re stupid. And more from the week that was.

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Free agency has already started, in the sense that players are declaring their free agency, qualifying offers have been sent out, and all of that happy stuff that kicks off the period. Free agency hasn’t really truly gotten moving, though, even if players are able to sign already. There hasn’t been a ton of movement yet, just like there never is right at the beginning of what is a slow-burn process (that seems to move a little slower every year, too).

And yet, the Cubs have already quit on bringing in either the top free agent hitter or pitcher available, according to The Athletic’s Sahadev Sharma and Patrick Mooney:

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