The question is have they decided not to spend money, or do they not have the money to spend.
Based upon a lot of the decisions the organization has made in recent years, I’m leaning toward the latter being the ultimate issue.
Sherman grossly overpaid for the club. He did so aware that there were 2 game-changing money-making opportunities when he bought the team: the ability to negotiate a new TV deal and the ability to negotiate the ballpark naming rights deal. They blew both negotiations and got pennies on the dollar. If he sold the club today, he couldn’t even get his purchase price back. Revenues are far below what they initially projected with no reason to believe that’s changing any time soon, especially with the team as it’s currently constructed assured of taking a step back on the field this year.
He’s in a bad spot 7 years in because of several decisions he made, most notably giving Jeter total control in the beginning. And forget about off the field stuff. I’d say you could make an argument that, from the big league level all the way down to rookie ball, there’s less talent in the organization top to bottom today than the day he bought the club. That’s a hell of an indictment beginning year 7.
So all they can do now is try to distract people by replacing the GM to try to buy themselves time and by rolling out new jerseys. That’ll make a few people happy. Not those who are paying close attention.
Still no deal from the Marlins on acquiring
a much needed power bat and veteran
pitcher. The fans and potential season
ticket holders are waiting.
Don’t hold your breath, Bob. It’s sad.
I’m hoping that they will come to their senses. But I know the odds are against that happening. 🙏
The question is have they decided not to spend money, or do they not have the money to spend.
Based upon a lot of the decisions the organization has made in recent years, I’m leaning toward the latter being the ultimate issue.
Sherman grossly overpaid for the club. He did so aware that there were 2 game-changing money-making opportunities when he bought the team: the ability to negotiate a new TV deal and the ability to negotiate the ballpark naming rights deal. They blew both negotiations and got pennies on the dollar. If he sold the club today, he couldn’t even get his purchase price back. Revenues are far below what they initially projected with no reason to believe that’s changing any time soon, especially with the team as it’s currently constructed assured of taking a step back on the field this year.
He’s in a bad spot 7 years in because of several decisions he made, most notably giving Jeter total control in the beginning. And forget about off the field stuff. I’d say you could make an argument that, from the big league level all the way down to rookie ball, there’s less talent in the organization top to bottom today than the day he bought the club. That’s a hell of an indictment beginning year 7.
So all they can do now is try to distract people by replacing the GM to try to buy themselves time and by rolling out new jerseys. That’ll make a few people happy. Not those who are paying close attention.
I agree with your analysis. It’s unfortunate for all the parties involved including Sherman.