Financial filing shows Braves’ bottom line improves

Braves owners say higher attendance and ticket price increases help boost the team's bottom line. (Jason Getz, jgetz@ajc.com)

Braves owners say higher attendance and ticket price increases help boost the team's bottom line. (Jason Getz, jgetz@ajc.com)

The Braves’ revenue increased and their player payroll declined in the first half of this year, compared to the same period a year ago, according to a financial filing this week by team owner Liberty Media.

Liberty attributed the revenue increase to “greater attendance and a slightly higher price per ticket” and attributed the decrease in player compensation to “the movement of certain players in the off-season and those costs being recognized in the fourth quarter of 2011.”

The latter was an obvious reference to the trade of pitcher Derek Lowe to Cleveland. As part of the October deal, the Braves paid the Indians $10 million, enough to cover 2/3 of Lowe’s guaranteed 2012 salary.

The Braves’ 2012 revenue through June 30 was $102 million, compared to $95 million at the same point last year, according to Liberty’s filing. Liberty reported that the team had adjusted operating income before depreciation and amortization of $5 million through June 30, compared to a loss of $8 million at the same point last year – a favorable swing of $13 million.

“The three and six months ended June 30, 2012, showed improved results in all aspects as compared to the corresponding prior year periods” for the Braves, the report stated.

The filing also disclosed the amount of money the Braves currently have committed to players and coaches in guaranteed long-term contracts beyond this season: $20 million in 2013, $13 million in 2014, $13 million in 2015 and $1 million thereafter.

The Braves are one of the few U.S. pro sports franchises owned by a publicly traded company. Liberty Media, controlled by billionaire John Malone, has owned the Braves since 2007.

The Colorado-based conglomerate also owns the Starz premium cable channels and large stakes in satellite radio company Sirius XM, bookseller Barnes & Noble and live entertainment/e-commerce company Live Nation, among other businesses. Liberty said this week that it plans to spin off Starz into a separate company.

91 comments Add your comment

nc fan

August 9th, 2012
3:59 pm

J-MAN

August 9th, 2012
4:07 pm

Having Chipper and Lowe come off the books——$24 mil
DFA Jurrjens in the offseason ——-$6 Mil
Bourn’s salary coming off the books——- 7 mil
Thats 37 million to resign Bourn and to sign another bat or starting pitcher.

GoBraves!

August 9th, 2012
4:14 pm

If Liberty Media has all this money, why not either invest more into the braves with a higher payroll or sell to an owner, who is serious about winning? I am tired of them.

GoBraves!

August 9th, 2012
4:16 pm

Hey J-Man,
Sorry to burst your bubble, but we aren’t resigning Bourn. He is going to demand so much money, and we still need to some other pieces. SF, Philly, and the Nats are all going to get into a bidding war, and Scott Boras has never been good to us in the past.

southgabrave

August 9th, 2012
4:23 pm

Libert Media…..who cares?

They dont care about the Bravos and their fans so………..

They have a chance this off season to do somethings with this club. Increase payroll with increase revenue (ticket prices) and attendance will again increase.

For now lets added 1 more bench player and win this thing.

bruce mac

August 9th, 2012
4:27 pm

Yea, why don’t we spend money like the Phillies and Angels so we can win the World Championship. Oh, wait a miniute, maybe we are smarter than they are after all. It isn’t about over paying for prima donas like Micheal Borne. It is about briinging along the Heyward’s, Simmon’s, Kimbrell’s, Minor’s and Freeman’s. I have no interest in going to see a bunch of overpaid players like the Phiadelphia Prima Dona Phillies. How do you know when a player is a prima dona? He hires Scott Boras. It is all about the money at that point.

richbrave

August 9th, 2012
4:29 pm

raleighbravefan
August 9th, 2012
3:47 pm

“…….richbrave – Wouldn’t that be Durham (not Cary) on Saturday? Gwinett plays Bulls ?Saturday & Sunday. I will be at the Sunday game…….”

No, these are invitation only try-outs for 18 and older players including rising seniors, not regularly scheduled pro games. Today was a ROYALS camp. Next week, the YANKEES-RED SOX, then the BRAVES. I expect the RANGERS to get some of this too as time goes on.

ernisTbass

August 9th, 2012
4:35 pm

with Starz as their Premium channel I guess they are fond of reruns, therefore not winning a division is fine with them, they need to watch some older reruns maybe

buckhead benny

August 9th, 2012
4:35 pm

The reason they don’t invest more in payroll is the fact that it has to do with revenues- Most of the higher paying payrolls in the league can off balance it by higher revenues such as Phillies, and Yankees- 1. they sell out almost every home game and their ticket prices are more. 2nd. They have negotiated much higher fees that are paid out to them via contracts from tv’s contracts. (braves have one of the worst contracts in baseball its like 750,000 a year for 20 years thru sportsouth-

We barley I think average over 30k a home game- So they do it sensibly- Trust me yankees wouldn’t do it either but they have massive tv contracts and sell out every home game and massive ticket prices that makes them afford it…

extremus

August 9th, 2012
4:37 pm

More money for the “Braves’ bottom line” essentially means more annual bonus/salary money for John Malone and Liberty Media; the Braves will be very fortunate if they see a penny of that extra revenue used for addressing team needs/resignings. Watch and see if that doesn’t happen.

Felix

August 9th, 2012
4:42 pm

I never have liked Liberty Media owning the Braves. Liberty Media sells porno too.Their business portfolio includes baseball and porn.

Great! Just great!

abeeewright

August 9th, 2012
4:44 pm

Yay. A blog about both attendance AND revenue.

My two favorite topics … not!

Felix

August 9th, 2012
4:45 pm

Liberty Media (did I say they distribute porn) will probably cut the Braves budget next year by 20% so the top brass can get even larger bonuses.

Jwalker

August 9th, 2012
4:46 pm

I would like to see an attempt to send a pkg centered around Tommy Hanson to AZ for Justin Upton, and let Prado play 3B. Hanson still cannot hold up and pitch effectively for 200 innings. I like our other young arms much better. Liberty needs to expand payroll to the $100M mark if we are to comptete consistently in the division. Can’t get a true ace anymore w/o spending more than $20M per season

Jeff

August 9th, 2012
4:49 pm

So happy that Liberty Media is making a profit off the Braves. As a fan that means more to me than actually winning in the playoffs. Its past time Liberty sold this team to an owner who wants to win. The Braves are only a slice in a pie chart of Liberty’s portfolio. They don’t care about the Braves or the fans.

Clint Northside

August 9th, 2012
4:51 pm

@ Bruce Mac…
Couldn’t agree with ya more, just gonna suck to have to part ways with the first true lead off hitter we’ve had in a long time, plus he provides excellent defense. However Boras is the problemo!
GO BRAVES!

Brownie

August 9th, 2012
4:58 pm

The biggest long term problem the Braves have actually has nothing to do with Liberty Media. Before the sale, AOL negotiated a very weak local TV contract for I believe a 20 year period. This places the Braves in a very non-competitive situation, regardless of attendance.

I certainly don’t know the particulars, but I would think that they could break the contract with a penalty (although likely sizable), and then negotiate something more in line with what most other teams have in place. Break even might take 5+ yrs, but would be worth it long term…..key point is: how much longer with LM own the team? Would they have any interest in doing the above?

Final fact….John Malone, of LM, made more last year in his bonus than the entire Braves payroll. They CAN raise the payroll – just don’t count on it.

(Philly)Hater

August 9th, 2012
5:01 pm

Quit hating on Bourn….if I was him, I’d hire Boras too if it meant getting me an additional $5 million a year. Direct your hate to the owners who are penny pinching.

Or even more to the point….how about pointing the finger at the so called Atlanta “fan base” who couldn’t even sell out playoffs games in years past!!!

As much as I hate the Phillies, Sox, and Yankees, their fans actually GO TO THE GAMES, sell out the stadiums, spend more money….which in turn the owners spend more and get the premier free agents.

Look in the mirror….”Braves fans”….there’s your problem

BravesFan79

August 9th, 2012
5:13 pm

Screw Liberty Media, if they really cared about “enhancing their name brand”… thed make the Braves into the Red Sox of the NL, jacking up the payroll and making sure their name as owners is known every single October by deep playoff runs.

tale of woe

August 9th, 2012
5:23 pm

To those complaining about Libery Media – I point you in the direction of The Atlanta Spirit.

DHD

August 9th, 2012
5:27 pm

I’d DFA Uggla as well and sign Bourn. Then, get a power hitting left fielder, Prado at second and Francisco full time at third.

Long time fan

August 9th, 2012
5:32 pm

There is a certain time that Liberty Media could sell the team and I don’t mean at 3 am eastern after the cubic circonium show on QVC (another network that LM owns). For all who bash the payroll deal, think about the fact the Phillies are stuck with the contracts of Halladay and Lee and will be paying luxury taxes through the nose. Bourn wont be going to Philly or SF but he could go to Yankees, Nationals Dodgers or Angels. Then again the Braves could give him a chunk of Chipper’s deal and the team takes JJ’s money and the money from some of the bench guys who probably wont be back (Hinske, Diaz) and get that left fielder. I do agree the payroll needs to be at $100 million but will not happen.

P-Town Brave ©

August 9th, 2012
5:37 pm

Jeff it the nail right on the head…..given their interests in STARZ, SiriusXM, B&N, and Live Nation, does anyone really think they give a damn about the Braves as long as the check clears?!

As long as people continue to populate the stands and give them a nice slice of cash and a tax break, they could give a crap less!

By the time they sell the Braves, the team will still be in the midst of the worst tv contract in ALL of MLB and someone will have to clearly overpay to dig out from under that AND what will probably be a very poor team at that point….

Clearly Frank is doing the best he can with the penny pinching absentee ownership in effect, but the real question is, how long can that continue to happen?

jharber

August 9th, 2012
5:38 pm

Liberty is a corp. they have to make money, until the Braves are serious competitors they will not spend on them more than they take in. When that happens we are stuck as we are.

JoeyBagOBravos

August 9th, 2012
5:40 pm

Liberty Media is a public company – Liberty Media Corporation (NASDAQ: LMCA). Public companies must answer to their shareholders. Their job is to make money for their investors. They will NEVER spend like Ted Turner or George Steinbrenner. Anyone that thinks different is smoking stuff… Your only hope is the sale of the team to a person or persons who want to “play” owner (ie: Mark Cuban, Dodgers group, etc…)

Mike S.

August 9th, 2012
5:42 pm

@jharber – how much more serious do they have to be? They are right in the thick of the playoffs every year, but lose out to the teams spending the money on proven talent while we get stuck with bargains that may or may not pan out.

Blaze

August 9th, 2012
5:42 pm

I would sign Bourn for 2-3 years max. Maybe 10-13 million per year. That’s what he is worth. I agree that our Braves team is much more competitive and balanced offensively when we have a Marquis Grissom or Otis Nixon or Michael Bourn leading off! Too risky if he wants more than 3 years!

Go get Ellsbury from Boston dring the offseason for your CF. He is a career .298 hitter! Use him for a year or two until someone develops in the minors. Several bloggers mentioned his name before last season began. Did the braves try to get Ellsbury? Seems like his name was mentioned in trade rumors.

Mike S.

August 9th, 2012
5:42 pm

All this means is Liberty Media will line their pockets extra thick. Anyone here really think they are going to invest that money back into the team this offseason?

Trader Jack

August 9th, 2012
5:45 pm

Who in their right mind would buy the Braves?

No. 1 Braves Fan

August 9th, 2012
5:47 pm

Scott Boras takes a lot of heat from fans because he drives a hard bargin with the owners for his clients. My question is: Has he ever been reprimanded by MLB for being unethical, immoral or has he done anything illegial? If not then he is doing nothing wrong to negotiate with the owners to get the maximum salary for each client.

Woody Woodward

August 9th, 2012
5:59 pm

bfred

August 9th, 2012
6:03 pm

I believe the tax benefit Liberty was exploiting when it bought the team has expired, so the prospect of someone buying it is not as out there as people might think. They’re clearly not going to invest big dollars into payroll in an effort to increase the franchise value so there’s really no reason not to entertain offers right now. The posters commenting on the responsibility of Liberty to its shareholders are dead right – it’s not just some capitalist version of morality; management has a legal fiduciary obligation. That’s why public corporations should not own ball clubs.

bfred

August 9th, 2012
6:05 pm

Trader Jack – Someone fiercely competitive with a sense of civic pride who can afford to lose money. The Braves are still a highly respected organization.

heartofdarkness

August 9th, 2012
6:06 pm

The real good news will be when the Braves are spun off, to be exchanged for a bag of capital gains carry forward (such as a bankrupt solar panel company) owned by a Macau billionaire or an Arabian prince.

Trader Jack

August 9th, 2012
6:08 pm

bfred

August 9th, 2012
6:05 pm

Trader Jack – Someone fiercely competitive with a sense of civic pride who can afford to lose money. The Braves are still a highly respected organization.

Who can afford to lose money?
Seriously

(Philly)Hater

August 9th, 2012
6:22 pm

“someone who can afford to lose money”

…..that’s about the funniest thing I’ve ever heard. Yeah, plenty of those around!!

(Philly)Hater

August 9th, 2012
6:23 pm

All you have to do is look at the picture O’Brien put on top of the blog…..did you see the 2/3 empty seats???

someone said earlier is right….who in their right mind would buy this team???

Jay

August 9th, 2012
6:39 pm

Resign Bourn, or at least drive his price up for our competitors.

Rick

August 9th, 2012
6:43 pm

Liberty = .500 record. Top of the line players will not come here. With Chipper gone and not resigning Bourn and Hudson getting older, I say the future is .500 at best.

Didn’t Malone get a $80,000,000 bonus last year. Doesn’t that = the entire Braves payroll?

David O'Brien

August 9th, 2012
7:00 pm

Liberty = .500 record.Rick

When, Rick?

Liberty has owned the Braves since 2007. The team finished 10 games over .500 in 2009 (86-76), 20 games over .500 (91-71) in 2010, 16 games over .500 in 2011 (89-63), and they’re currently 64-47, third-best record in the National League and fifth-best in the majors.

So when does .500 begin? Or are you just shooting from the hip and not letting pesky facts get in the way?

barack o'drama

August 9th, 2012
7:06 pm

i like the caption of the photo talking about better attendance when the photo depicts Turner Field at maybe 1/3 capacity.

Dont worry guys, I’ll buy the team with your tax dollars

Amber Girl

August 9th, 2012
7:13 pm

@Mr Rick Could you tell me what waiver is and how it is done? What does it mean?

the truth...

August 9th, 2012
7:24 pm

Malone is selling Starz to finance prchase of Sirius….maybe he ought to spin the Braves off too….
He could raise a half billion in a flash if he did….

Liberty Media Spinning Off Starz to Go After Satellites
http://blogs.wsj.com/deals/2012/08/08/liberty-media-spinning-off-starz-to-go-after-satellites/

Ray

August 9th, 2012
7:28 pm

95-102m payroll is not small. Its not like the Braves are down there at the bottom. And when has a high payroll guaranteed a winner? Ask the Cubs, ask the redsox. Ask the Phillies? If you have a high payroll yes it helps but you absolute have to have a strong farm system as well. The Mets for the longest time had one of the highest payrolls and nothing. Oh yeah, ask Miami how that big payroll helped them this year. I will take LM ownership over the Marlins ownership any day.

JSS

August 9th, 2012
7:53 pm

Sorry Ernest T. Bass… Starzz is one of the hottest properties in cable… They are actually going to spin it off as a stand alone (unheard of in the current consolidated premium platforms)…. One word: “Spartacus!”

Bob the Blogger

August 9th, 2012
7:55 pm

From what I’ve read, Liberty Media has let the Braves spend up to the break even point. The problem the Braves have is two-fold. The first is the TV contract which is not in the ballpark of other teams’ contracts, as Brownie pointed out. The second is attendance. Those two components comprise the lion’s share of the revenue. The only solution is for the team to be sold to an owner who is willing to lose money. Not too many rich people think that way.

Disgusted

August 9th, 2012
8:13 pm

The Braves are a small pawn in the Liberty Media portfolio.

Only thing that keeps this team good on the field is that we do have good baseball people in charge.

Liberty Media does not necessaarily help or hurt the baseball operations, but we are not going to keep our best players long term as long as this ownership is in charge.

If they choose to sell, they will make plenty of $$$$$$$$$ look at the sales of the Dodgers and the Padres.

And if they were to sell the new owner would want to see that TV contract bought out. How that is done is anybody’s guess. Would a hundred million do it???? Two hundred????? LM would still make money.

Disgusted

August 9th, 2012
8:19 pm

I just hope that we never have corporate ownership again if Liberty does choose to sell.

They care about their shareholders first and that is just the business of a large corporation.

Bfred had it right in the 6:03 post.

Corporations should not own major league sports teams. If this team is bought by another stinking corporation, this community will reject it for good reason cause we are fans and know that any corporation will not put the baseball operations before the value of company stock. Corporations cannot act any different, its the way it is.

(Philly)Hater

August 9th, 2012
8:19 pm

As for attendance, you can also place alot of the blame on the crooked Atlanta City doofuses who in there infinite stupidity placed the Ted where MARTA doesn’t go. I mean really? Do you really expect the northern suburbanites to deal with Connector traffic on a weekday?

Crony politics at its best…

Disgusted

August 9th, 2012
8:20 pm

“someone said earlier is right….who in their right mind would buy this team???”

With the bad TV deal, no one would. So, we are stuck with Liberty Media for another 18 years.

Disgusted

August 9th, 2012
8:23 pm

Not having a rail line go to the stadium does hurt. They thought they would keep drawing 3 million plus forever??????

And that stadium will prolly be obsolete in another 10,15 yrs. Not a bad stadium but in a crappy area of town with nothing to get people to want to show up early and stay late.

Disgusted

August 9th, 2012
8:28 pm

“Go get Ellsbury from Boston dring the offseason for your CF. He is a career .298 hitter! Use him for a year or two until someone develops in the minors. Several bloggers mentioned his name before last season began. Did the braves try to get Ellsbury? Seems like his name was mentioned in trade rumors.”

Ellsbury is another Scott Borass client and he if FA after the 2013 season. Not to mention his injury history in two of the last 3 yrs. Not the fit for here.

Trader Jack

August 9th, 2012
8:30 pm

The Braves, according to Forbes are valued at $482 mil. Keep in mind the dodgers were valued at just over $800 mil, but sold for $2.1 billion. The Padres are valued at $400 mil, but just sold for $800 mil,If the Braves were put up for sale, the going price would be around $1.0 billion. Now add to that the cost of buying out the TV deal, and you’re probably looking at approx $1.5 billion.

Sorry guys we are stuck with Liberty for the foreseeable future

Ray

August 9th, 2012
8:55 pm

yes let’s get an owner like Miami or Baltimore’s Peter Angelos. I would rather have an owner like LM than those two. Turner and Steinbrenner were not good owners until they allowed the baseball people to do their jobs.

JoeFan

August 9th, 2012
9:04 pm

Liberty Media is in the business of making money. If “fans” don’t like the product the Braves put on the field, then don’t attend the games. Liberty will get the idea but so far the Braves are competitive and for the most part interesting to watch. Just because the Braves are sold doesn’t mean the ownership will be any better and could be worse. Also a higfer payroll doesn’t necessarily mean the Braves will be hanging up championship pennants. Also, don’t expect the Braves to resign Bourn. They will make a qualifying offer and get draft picks. They are going to get younger with Cunningham likely in CF by 2014.

Ray

August 9th, 2012
9:17 pm

NO way would I sign Bourn if the rumors are true and Boras is going to be asking for 16-22m a year.

bob

August 9th, 2012
9:22 pm

Oh god, please MLB, PLEASE force these idiots to sell the team and bar any corporation from buying a team, they just suck the life out of it and chase off the real fans.

Disgusted

August 9th, 2012
9:36 pm

Joe Fan — A higher payroll does not guarantee anything but it does put the Braves iin a postion to retain the key young players like Freeman, Heyward, Kimbrell and Simmons when its their time to be potential FA’s.

The baseball operation is solid & the team is still relevant for now. What is a 90 million payroll going to be with respect to other teams payrolls by late decade. Good chance we might be in the bottom third and maybe worse.

To remain competitive under this business model, it puts a big big strain on the system.

To think that Cunningham is going to do close to what Bourn can do in ‘14 is not realistic.

Borass might ask for 20 something mil a yr but even other teams do not want to be hamstrung with that kind of deal for a non power player. I cannot see Bourn getting more than 5 yrs at 16 mil a yr max. That might be too much for this payroll.

But if they let Bourn walk, they better extend Prado and Mc Cann or else you lose a big drop in quality. Mc Cann is not going to be replaced. Bethancourt is not it.

If the system slips some, LM’s shortcommings will be more maginified.

We have been fortunate to see so many good young guys around since FW has been GM.

tmc

August 9th, 2012
10:00 pm

I’d rather have an owner who keeps track of playoff & world series wins every 6 months than revenue and profit margins.

Hey Liberty, spend money to generate money.
Now there’s a thought!

Disgusted

August 9th, 2012
10:02 pm

How will it feel when Heyward and Freeman wear pinstripes in late decade because we have owners who keep more track of their profit margin than playoff and WS appearances and wins.

Jimiz

August 9th, 2012
10:39 pm

We have greedy agents, players and ownership. The business side of this sport has changed gradually until what we have today. The business of baseball is a business same as any other except now it has began to distort the game itself. There is no way back from here its going to get worse an worse. Big business buys up an puts smaller ones out. Thats the law of the land and thats whats happening. So unless a really rich guy gets a wild hair and will take a loss to win the world series just so he can say he owned a champion team. We will see more an more weird stuff happening soon. Can see a day when mlb doesn’t stand for nothing when the business fails. I will be glad to see people play for the love of the game. Not just for money , I hope that like most things that finally fail. We can be asurred of a new beginning.

rabun

August 9th, 2012
11:27 pm

the purchase agreement to buy the braves required a certain length of ownership for right off purposes…seems like it is 5 years? before it can be sold….Liberty is doing just enough to keep a profit..that is why htey are not serious about winning..

Disgusted

August 9th, 2012
11:30 pm

Selig is not going to be around forever and even if the Commissioner’s office does not step in, how any more times are teams going to go out and pay ridiculous 10 yr 20 plus million a year contracts for players.

At some point, teams will be tired of those exhorbitant bad deals, so they system will have to work itsels out at some point.

When and how I don;t know. Its ridiculous to give a 31 or 32 yr old guy that kind of $$$$$$$$$$.

Liberty Media Executives

August 9th, 2012
11:37 pm

We really don’t give a flip what you peons want. We are going to suck as much money as we can from the Braves, anytime we want, so we can maximize our bonuses. When we are done there won’t be anything left except a farm team or two. But we don’t care about that. We don’t even like baseball. We are masters of vulture capitalism and we will have maximized our personal wealth and that’s what counts.

Davey Sprocket

August 10th, 2012
12:23 am

If it is any comfort to those of you complaining about such a low payroll, at approximately $90M: At least they are spending $20 Million MORE than the Nationals this season. And Uggla will be back for 3 more years. There now – all better.

Bobby Mac

August 10th, 2012
12:57 am

LM made $5 million in operating profit this year, after losing $8 million last year. For those of you crying about them not spending, they are basically operating the club as a non-profit organization, to their CREDIT. They’re basically spending what they’re getting in in revenues. Can’t ask for anything more. What, you want them to operate the club at a loss. Would you?? Until they get a better TV deal, the Bournes are coming, then going.

JJBantam

August 10th, 2012
1:29 am

The Braves draw 18 thousand most nights and announce it as 27 thousand–not sure why the dishonesty. Don’t give me that “tickets sold” baloney either.

kirkinga

August 10th, 2012
1:35 am

Looking at some of the comments, it is hard to tell if it is some fans who are really the cheapskates, not Liberty.

…The filing also disclosed the amount of money the Braves currently have committed to players and coaches in guaranteed long-term contracts beyond this season: $20 million in 2013, $13 million in 2014, $13 million in 2015 and $1 million thereafter….

How can people look at these figures and continue to claim that the Braves cannot afford to keep Bourn? In fact, the Braves appear to have the payroll flexibility to address several needs over the next several seasons. If they were to some how able unload Uggla, then they could have even more to payroll to invest.

Of course the biggest decision is what to do with McCann. Should they decide to move him, they could reap a return in talent and even more payroll flexibility. Whatever they decide to do with Uggla and/or McCann, the Braves are hardly broke or incapable of taking on a couple of large contracts in addition to handling deals for their core talent (especially in the pen).

welikebaseball2

August 10th, 2012
1:38 am

Yeah yeah, profit schmofit…they’re still going to make the mistake of not bringing back Bourn. And for those of you with all these suggestions on how we replace him, forget about it. It’s won’t be nearly that easy. Leadoff men of his caliber are rare. I can’t think of one baseball reason NOT to spend big to keep him. Yes, we need other pieces, but it’s not like we’ll be the only team in the league with a big contract. The winners do it…and, what’s key is, they do it wisely. I can’t think of a wiser choice of who to spend a big contract on. Yes, we need starting pitching, but how do you let a leadoff hitter of his quality walk? We finally fill the leadoff hole Furcal left & we’re on the verge of letting him walk? Ugh.

[...] Atlanta Journal Constitution (blog) [...]

longtimefan

August 10th, 2012
6:47 am

Braves are 16th out of 30 MLB teams in payroll. I would love to spend money like the Yankees, but for a middle tier market it seems about right.

Jimmy Crack

August 10th, 2012
7:15 am

Hilarious. Better attendance than what? Zero? Look at the picture for crying out loud. It’s like that almost every game.

FYI, just because Liberty makes money, don’t think for a second they will spend a penny more on this team.

TheOnlyBravesFan

August 10th, 2012
9:45 am

Year Age Tm Lg Lev Aff G PA AB R H 2B 3B HR RBI SB CS BB SO BA OBP SLG OPS TB GDP HBP SH SF IBB

2010 18 2 Teams 2 Lgs A-FRk ATL 77 304 267 39 60 10 5 3 27 14 6 29 75 .225 .307 .333 .640 89 5 3 4 1 2

2010 18 Braves DOSL FRk ATL 23 95 74 16 22 5 1 1 11 8 1 18 19 .297 .453 .432 .885 32 1 3 0 0 2

2010 18 Rome SALL A ATL 54 209 193 23 38 5 4 2 16 6 5 11 56 .197 .239 .295 .534 57 4 0 4 1 0

2011 19 Rome SALL A ATL 132 566 508 83 126 27 6 12 68 23 10 41 105 .248 .315 .396 .711 201 10 10 4 3 0

2012 20 Lynchburg CARL A+ ATL 107 421 388 56 97 23 1 12 46 20 13 27 95 .250 .303 .407 .710 158 14 3 2 1 0

TheOnlyBravesFan

August 10th, 2012
9:45 am

RA

August 10th, 2012
10:53 am

It’s funny how you can draw better crowds when you put a winning team out there on the field…

Rick

August 10th, 2012
11:11 am

David,

I think that the Braves have overachieved. Also, the team has been somewhat lucky with Prado, Hey, Freeman, Kimbrel and Hansen, Minor, Jurrgens being at the low end of the salary range.

The only viable free agent on the team is Bourn and Uggla and Bourn may not be here next year.

I say a $130 mill payroll puts the Braves in top 4 teams in baseball. Washington has spent and very much improved.

This Braves are not a bad team but a team that has to work VERY hard to be over .500.

Also, as noted above, the farm system is in the middle as well.

Just my opinion. Can we bring Ted back? Ted has a $130 mill payroll and made money if I remember correctly.

[...] Olney linked to an Atlanta Journal-Constitution story about the Braves’ improving financial picture. After doing so, he said this: The bottom line is that the no team has a harder budget than the [...]

[...] Financial filing shows Braves’ bottom line improves [...]

lee maye

August 10th, 2012
12:13 pm

“Having Chipper and Lowe come off the books——$24 mil
DFA Jurrjens in the offseason ——-$6 Mil
Bourn’s salary coming off the books——- 7 mil”

JMan: Actually, more than that. Chipper & Lowe 24 mil; Jurrgens 6 mil; Hinske 1.5 mil; Livan 1 mil; Jack Wilson 1 mil; Diaz 2 mil; Bourn 7 mil; Durbin 1 mil= 43.5 mil. Now, pick up option on lefty Paul Maholm for 6.5 mil leaves 37 mil to play with.

Big raise for Prado; likely raises for Kimbrel, Freeman, JHey, Medlen. Bourn too expensive for a guy who doesn’t hit lefties well, no arm, and strikes out a lot. Can’t go 25 mil for him and Uggla, so if Wren resigns Bourn which is unlikely with Boras, he must get rid of Uggla’s 13 mil.

Need to get rid of Uggla if going to resign Bourn; move Prado to 2B. Better yet, open CF competition to Constanza, Durango, and Cunningham; open LF to Gattis, Constanza, and Reed Johnson. And, sign Ben Sheets and another starter, maybe Greinke. Get rid of Hanson in offseason too.

The following year: McCann and Hudson come off the books.

Farnsworthy

August 10th, 2012
1:14 pm

To put this in perspective better than a prior blogger: Liberty Media made over $800,000,000* in 2011. Malone raked in well over $500,000,000. To Liberty Media the Braves are a very piece of the entire corporation. Liberty cares little about the World Series. A key reason they acquired the Braves was for the lucrative tax loopholes the purchase created.

In reality there is probably, stuck in a cubicle somewhere at corporate headquarters, a budget geek with green visor and an excel spreadsheet who is really calling all the shots on the Braves budget.

*net income folks , not revenue.

bfred

August 10th, 2012
1:15 pm

Bourn is one of the true CFs in the game, something we have been seeking for a long, long time. Since Grissom, basically. I think if there’s a position you pay up for, that’s it, and agree with kirkinga up there that for once the team has the payroll capacity to do it.

And to clarify my earlier comment, owning sports teams is a vanity so someone worth $1 billion+ would certainly be happy to lose $5 million in order to field a champion. Plus attendance would almost certainly increase with the addition of a couple of major free agents so such losses are likely to be short-term. You think Mark Cuban cares if his team loses a little money? Of course not – he wants to be seen on the sideline of a winner.

Rick C

August 10th, 2012
1:33 pm

Rick, the Nats’ payroll is still smaller than the Braves’. And give me back my name man.

Brooklyn Braves Brawler

August 10th, 2012
1:47 pm

The TV contracts that the Bravos have are among the worse and the least lucrative in the league. Although they reach a wide audience all over the Southeast, they are paultry compared to some of the other bigger market clubs.

The Bravos have bad TV deals w/ Peachtree & FS South and they are long and the outlets are getting the Braves at a cut rate so, no renegaotiation is happening.

P-Town Brave ©

August 10th, 2012
3:28 pm

^^ That right there is why Trader Jack was wrong…

While the Dodgers and Padres could sell quite a bit above market value because of demand and their impending tv deals, the Braves have about the WORST of the worst in tv contracts in MLB that they are locked into for quite some time….

So I really wouldn’t expect anyone to purchase them for much more than street value unless a bidding war ensued (highly improbable)

fan

August 10th, 2012
5:46 pm

Why is the tv contract so bad? Did Liberty just make a bad decision by signing long term contracts that were market them but not now?

todd

August 10th, 2012
6:32 pm

first of all, for allowing the braves to be sold to time warner, ted turner’s name should come off the stadium. i’d rather name it after aaron. he clearly wasn’t concerned with the fan’s when he made this deal. second, why did major league baseball allow this deal when it clearly wasn’t in the best interest of the fan’s? It was all about tax savings from trading of stock options. it’s been frustrating ever since. REMOVE TURNER’S NAME.

Rick

August 10th, 2012
8:25 pm

Yeah, and it is not by accident that the last 5 WS champs are in the top ten in payroll. In fact I don’t see any of the 10 teams in the WS over the last five years not in the top 10 in payroll.

Cincinatti, Atlanta and Washington are in the middle, I will give you that.

Houston and Kansas are at the bottom… What does that tell you?

Mitt Romney's accountant

August 11th, 2012
1:29 am

Uh, Liberty Media is turning a huge profit on the Braves, folks. That $102 million figure? That was THE FIRST THREE MONTHS OF THE BASEBALL SEASON. In 2011, the Braves generated revenue of $208 million and Liberty indicates that 2012 revenue is running ahead of last year’s pace (add in playoff revenues this year and revenues would really be ahead). Payroll is $83 million (which is all deductible). Think it costs $120 million to pay the grounds crew and buy fertilizer?

Liberty’s SEC filings claimed it lost $40 million on the Braves last year. Har. John Malone knows more about tax loopholes than Bain Capital. He’s obviously packing a lot of corporate overhead charges and write-offs inside of the Braves reporting structure.

Compare other teams’ attendance with their payroll and you’ll see that our payroll should be $10 million to $20 million higher.

http://www.net-wind.net/home/space.php?uid=9365&do=blog&id=82559

September 26th, 2013
1:19 am

http://wenxinyuan.freeblog.biz/2013/09/16/sac-longchamp-pliagesac-longchamp-pliage-grande-mura-saclongchamp/

October 5th, 2013
8:33 am

http://www.yzqzw.net/home.php?mod=space&uid=222743&do=blog&quickforward=1&id=325758

October 5th, 2013
6:19 pm

Add your comment