MLB Commissioner Bob Manfred Said 2020 Revenues Are Down 70 Percent; Can’t Pay Avg Salary
ONN – MLB Commissioner Bob Manfred Said 2020 Revenues Are Down 70 Percent; Can’t Pay Avg Salary
On ESPN an hour ago, MLB Commissioner Bob Manfred said that “revenues were down 70 percent.” That means revenues are 70 percent less than in 2019. Let’s look at that.
In 2019, Major League Baseball set a revenue record taking in $10.7 billion. If revenues are down 70 percent, that means the 2020 revenue is at $3.210 billion. So, what does that mean for players?
Their are 30 teams in Major League Baseball. The 2020 revenue of $3.210 billion breaks down to $107 million per team. If the 2010 average roster is 26, that comes to $4,115,384.62 per player.
Now, the 2019 MLB Average Salary was $4,360,000 or -$244,615.38 less than the what the current revenue for MLB can afford to pay.
So, this gives a view of why the Oakland A’s were not able to pay rent to a Coliseum stadium it can’t use. As I said, the entire matter should have been handled back channel. COVID-19 has damaged the American Economy.
Stay tuned.
Note from Zennie62Media and Oakland News Now: this video-blog post demonstrates the full and live operation of the latest updated version of an experimental Zennie62Media , Inc. mobile media video-blogging system network that was launched June 2018. This is a major part of Zennie62Media , Inc.’s new and innovative approach to the production of news media. What we call “The Third Wave of Media”. The uploaded video is from a vlogger with the Zennie62 on YouTube Partner Channel, then uploaded to and formatted automatically at the Oakland News Now site and Zennie62-created and owned social media pages. The overall objective is smartphone-enabled, real-time, on the scene reporting of news, interviews, observations, and happenings anywhere in the World and within seconds and not hours. Now, news is reported with a smartphone: no heavy and expensive cameras or even a laptop are necessary. The secondary objective is faster, and very inexpensive media content news production and distribution. We have found there is a disconnect between post length and time to product and revenue generated. With this, the problem is far less, though by no means solved. Zennie62Media is constantly working to improve the system network coding and seeks interested content and media technology partners.