The recent news of the Baltimore Orioles being valued at $1.1 billion came as a surprise for a lot of people, including diehard fans. Today, we touch on the fan and how this “discovery” should make most fans feel.
Yesterday we informed you (click here for yesterday’s article), our readers, on the Orioles total value, which is now at the $1.12 billion mark and is the seventh most valuable franchise in all of baseball, up there with the big boys.
That’s great news right Orioles fans? The team is worth a lot, which means there should be money to spend on players, whether it be free agents or giving extensions to current players such as Chris Davis or Matt Wieters, and don’t forget Manny Machado in a few years.
Now is the part where we begin to provide some bad news. Although it will come as no surprise to Orioles fans, but Baltimore is not known for spending big money on players and it shows with their below average payroll. Baseball Prospectus reports a 2013 payroll of $92,238,334 for Baltimore this season, which was up 8.8% from 2012, but most of that increase was due to players’ jumps in arbitration and not newly signed players.
Per Baseball Prospectus, the Orioles 2013 payroll was right in the middle of the pack ranking 16th in Major League Baseball. OK, so that doesn’t seem to bad right? Well let’s dive a little deeper folks.
Their payroll may be in the middle of the pack, but they have the seventh lowest payroll percentage in regards to their overall value. To explain that a little further, the Orioles payroll in 2013 of $92,238,334 is just 8.24% of their total value of $1.12 billion, which ranks as the seventh lowest percentage among the 30 MLB Teams. To make matters worse, 22 of the 30 teams have a payroll of at least 10% of their total value with the Tigers at the top with their payroll being 17.87% of their total value.
We are not saying that Baltimore should have a $200 million payroll like the Yankees and Dodgers, but what we are saying is that it is a slap to the face to fans for the Orioles to play the “we don’t have any money card” when it is extremely obvious that the team does.
Just keep this information in your memory this winter when free agents begin to sign with their new teams, because if you will know if you get the excuse that Baltimore couldn’t afford him, it is a lie.
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