While you’re busy clowning Niners’ owner Jed York for patronizing an Ohio trailer park hooker, here’s a reminder that Bob Kraft did the same thing but got a judge to kick the case on a dubious technicality after Epstein recommended him a particular lawyer
How do the Dodgers carry an unlimited payroll?
Filings uncovered by @NickNemo17 show roughly $1.45 billion in debt for American Media Productions, the entity behind SportsNet LA and the Dodgers' 25-year, $8.35 billion Charter deal, sitting on the balance sheets of 5 life insurance companies tied to or controlled by the Dodgers' own ownership group.
i.e. the Dodgers get a sweetheart deal on their TV rights from a media company their owners co-own, financed by insurance companies those same owners control.
Because ownership sits on both sides, as borrower and lender, the setup functions as a closed loop:
-When RSNs hit turbulence, banks enforce covenants or force restructuring. Here the lenders are insurers the owners manage, so the capital stays patient and cash flow to the team never gets choked.
-MLB taxes net local revenue at 34% but allows deductions for debt service and interest tied to running the network. Carrying $1.45 billion in media debt on AMP's balance sheet generates interest expense that shrinks reportable net TV income and the resulting revenue-sharing bill.
Then there's the payroll itself. Over $1 billion of it is deferred, owed to 9 players through 2047. Pushing that cash out frees up money today, some of which is going toward servicing that same debt, and kicks the actual bill to a stretch of decades many of today's owners won't be around for.
LA built a (seemingly illegal) structure that captures its own interest yield, shelters TV income from league revenue sharing, and helps fund payroll dominance in the process.
They’re selling the game to private equity right out from underneath you — just like they did with everything else in your life — and you still want to give them the salary cap they want
The 48-69 Kansas City Royals have largely escaped the national media spotlight this summer - which is quite bizarre.
2025: 82-80
2024: 86-76
It has been an enormous regression for a team that, less than 24 months ago, appeared to be building something good.
Right-wing host John Fredericks: So Collins knew—no, her team knew. She’s got a very savvy team. They know that even without her, Blanche has the votes to get confirmed. So this was a vote to help her get elected, to help her with Maine voters, but it does nothing to hurt Todd Blanche because he’s already got the votes.
Everyone who is mad at Pablo Torres for his kawhi reporting, are the exact reason why journalism is dead. If you do actual contentious investigative journalism, all these idiot cattle will just go “it’s not that serious bro.” It’s just completely and utterly dead.
If you work for a living, you are working class.
Trying to divide those who are struggling to survive only benefits the mega-wealthy and powerful who benefit and profit from our division and exploitation.
They fear class solidarity more than election outcomes.
Kansas voters on Tuesday rejected a ballot measure on electing state Supreme Court justices, dealing another setback to Republican lawmakers trying to overturn a decision that established a constitutional right to abortion. https://t.co/2Vrq0owKr0
They didn't even trade Jon Schreiber or Starling Marte, let alone Michael Wacha. Calling these fools incompetent would be an insult to the incompetent. Just completely incapable and undeserving of cleaning the toilets for a professional baseball team, let alone running one.
JJ says that 75% of their every day players were inquired for or asked about.
Didn’t know it was possible for the Royals to look worse than they do right now, but JJ you did it pal.