Tag Archive | "Motives"

Breaking even with David Glass

By now I’m sure just about every Kansas City Royals fan has heard about Danny Parkins’ interview* with David Glass on the first day of All Star Weekend. Glass, of course, came off as aloof and utterly clueless as he ever has, and earned as much ire for the way he ended the interview as he did for anything he said. He sparked a Twitter debate amongst the fan base over who is more to blame, him or Dayton Moore. You know, exactly the type of thing you want to do as you begin to welcome all of baseball to your city for the first time in nearly 40 years.

* For a transcript of the interview, click here

While it was completely unprofessional for Glass to walk away from the microphone mid-interview, that really isn’t what bugged me about the whole debacle. It was this exchange here:

Parkins: What do you say to fans that wish you spend more on payroll for this team?

Glass: Uhh, Well, in a market this size you can spend a certain amount on payroll. You… You’re never going to be able to spend what the Yankees and the other big market teams can spend but our approach from the very beginning has been that we’re not looking to make money with the franchise we simply want to break even and if we have an if we have an opportunity to win we’ll step up and do whatever it takes to… to help us take that extra step. But for the most part all the money that we can generate we’ll spend on payroll and singing amateur players

We have heard this song and dance from Glass since he bought the team in 2000 and it has been the source of much debate. There are a lot of people that think professional sports owners should expect to operate at a loss, as if owning a professional team is a charity, I am not one of those people. However, I do feel like owners should at least be honest with the fans about their plan, and their motives…a look at the numbers show Glass has been far from honest.

According to Forbes annual MLB valuation, the Royals turned a profit of $10.3 million in 2011, their eighth consecutive season of profits and the eleventh out of twelve since Glass bought the team in 2000. What’s more, the team is now valued at $354 million dollars. While that may be modest in terms of the value of a professional franchise, it is $258 million more than Glass paid originally. Added to the income the Royals generated over the last 13 years, it brings a net gain of $332 million in 12 years on a $96 million investment.

To put that in perspective, if Glass had taken that $96 million back in the year 2000 and invested it, he would have had to earn 13.27% for twelve years in a row to bring in the type of money this club has for him. Does that sound like breaking even to you?

What makes everything so much worse is that Glass has turned this profit while fielding one of the worst teams in the history of baseball. In his 12+ years as owner the Royals are 847-1179 (.418). Before he took over they were 2471-2411 (.506) all-time. That’s the difference between averaging 82 wins a year and 68. But it’s getting better lately right? Um, Forbes projects 2012 as the most profitable year of the Glass era, with the team earning a whopping $28.5 million in income. This for a team that was less than 6 games out of first for a good part of June after three of its best pitchers had Tommy John surgery. How much different would this team look if Glass had signed C.J. Wilson for 5 years and $85 million dollars? He could have done that and still cleared more than $10 million in profit!

The fact is that Mr. Glass has not only tarnished, but nearly destroyed the legacy that Ewing Kauffman left with the Kansas City Royals, profited handsomely from it, and lied through his teeth to his customers as he’s done it. Glass purchased a respected franchise with a World Championship and a history of winning more than losing. He has turned it into a cash cow that doubles as the laughingstock of baseball. What can we do about it? Nothing, as evidenced by this exchange from the aforementioned interview:

Parkins: You would never consider selling the team?

Glass: No.

Parkins: What do you say to fans who would like you to sell the team?

Glass: Uhh, yeah, I’m sorry.

Sorry…I could not have said it better myself. A sorry excuse for an owner…a sorry steward of the Kauffman legacy…but one hell of a businessman.

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Francoeur Signing Signals New Era

Kansas City may no longer be the Siberia of the major leagues.

Frenchy

In years past, it seemed every veteran in KC was ready to pack his bags and head for greener pastures. Dating back to the 1990s, it seemed no one really wanted to stay with the Royals if there were bigger paydays and playoff games waiting elsewhere.

The most bitter of those days was when the Royals had to sell off an all-star outfield of Johnny Damon, Jermaine Dye and Carlos Beltran because they didn’t want to be Royals.

The trend continued right up to the past off-season, when the Royals had to part ways with Zack Greinke because the kid just could not wait around for the team to develop its young talent.

But in the last few weeks, at least one veteran has voiced his desire to help KC build a contender, then backed up those words by putting his name on a contract extension.

After putting together a solid first half, teams were actually inquiring about trades for the much-maligned Jeff Francoeur. But Francoeur went public, proclaiming his faith in the direction of the franchise and expressing his desire to be part of the movement.

Now, you might be tempted to question the motives of a player basically lobbying for a job. Considering it was just a few months ago that no one saw Francoeur as more than a platoon player, it might seem he was just trying to parlay a few good months into a secure gig.

But Francoeur could have kept silent long enough to let the game play out. A trade to a contending team at a time when he was playing well could have helped to resurrect his image.

Instead Francoeur chose to speak out about his satisfaction with the city, the team and the leadership of the franchise. And last week he signed on for two more seasons, making himself a part of the rebuilding project during those crucial seasons when he will be 28 and 29 years old.

What’s the big deal? Well, though Francoeur may not be Willie Mays, he is a legit major leaguer with experience in big markets and playoff races. And he wants to play the prime years of his career in KC.

That example should carry some weight with other players nearing the end of their contracts – Alex Gordon, Melky Cabrera, Joakim Soria. The Royals must put a lock on the revolving door that has permitted the exit of every talented player (minus Mike Sweeney) seemingly since the 1990s.

In order to build a winner, not only do you have to grow up young talent, you have to be able to retain the good players you want to keep. Signing Francoeur looks like a step in the right direction.

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