Report: Miami Marlins’ low revenue upsets rival executives
Competing clubs are displeased with the fact that the Miami Marlins have the lowest revenue in all of baseball, and therefore receive the highest amount of money in revenue sharing from top-grossing teams, reports CBS Sports’ Jon Heyman.
Every year, 31% of each major league team’s net revenue is evenly redistributed among the teams. However, by 2016 the teams in the largest markets will become disqualified from receiving revenue sharing funds.
One source told Heyman that the Marlins receive around $50 million in revenue sharing, though president David Samson did not comment on the accuracy of the amount.
Revenue sharing often causes tension between teams. However, rival executives are now unhappy that, despite the Marlins’ new stadium, they still are benefiting the most from other teams’ successes.
“They’re a joke,” one rival executive said of Miami, according to Heyman.
Executives are also frustrated that the Marlins own the largest player contract in the league with Giancarlo Stanton’s 13-year, $325 million deal, and believe the team has wasted money on firing managerial and executive staff members before their contracts were up.
Despite revenue sharing and their new stadium, the Marlins are still struggling to win and increase profits. Owner Jeffery Loria has reportedly written an annual check in recent years to cover the team’s losses.
- Xandria James