Dollar Bill

That's pretty much what they did. But, when the opponents' concern is whether the Angels paid fair value for the land and then the FBI says the mayor gave the Angels the confidential city appraisal to use in negotiating against the city in the hopes of a million-dollar campaign contribution ...

Tired of playing in an airplane hangar in front of mostly Dodger fans? It's true for Diamondbacks, Marlins and Rays: where people can see a variety of teams in spring training every day, they're not as likely to pay higher prices to see regular season games. Expansion to Arizona and Florida was a huge MLB mistake.

Different mayor.

https://www.latimes.com/sports/angels/story/2022-05-19/angel-stadium-land-arte-moreno-harry-sidhu

A state law called the Surplus Land Act says public land put up for sale should first be offered to affordable housing developers.

https://www.latimes.com/sports/angels/story/2022-04-08/mike-trout-angels-playoff-drought-must-end-now

https://www.latimes.com/sports/angels/story/2022-03-21/angel-stadium-land-sale-judge-ruling-arte-moreno

Thanks for reading. The returns for the S&P and franchise sales were taken from data presented at the conference, as the story says, so I can't speak to how they were calculated. But I would note that the Forbes valuations are estimates, as you say. MLB teams do not open their books to Forbes, so Forbes does its best to assess revenues, expenses, etc., and then estimates a franchise value accordingly. The true value, of course, is what someone is willing to pay for it. When the Dodgers hit the market a decade ago, Forbes estimated the franchise value at $800 million. The team sold for $2.15 billion. The Mets sold for more. The Marlins sold for $1.3 billion, the Royals for $1 billion. Accounting is a big part of this, of course. That's why McCourt split what we used to know as "the Dodgers" into a baseball company, a stadium operations company, and a parking lot company (and Guggenheim added a media company). That's why Arte is trying to develop the Angel Stadium parking lot -- not via the Angels, but instead through a company called SRB Management. That was one of the points the Arctos guy made: there are ancillary opportunities available, and those revenues are not shared -- not with other owners, and not with the players.

https://www.latimes.com/sports/angels/story/2022-01-25/angel-stadium-land-deal-sale-anaheim

This is an optimistic analysis of the deal: https://thelogic.co/opinion/letter-from-the-editor-the-new-york-times-deal-to-buy-the-athletic-is-a-win-for-journalism/?utm_content=bufferb4311&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

Relegation/promotion would be helpful. There is no such economic incentive for, say, the Pirates to spend to win enough to stay in the major leagues.

The reason it took the NFL forever to come back to L.A.: The local governments here said, "We'd love you back, but you pay for the stadium." The NFL didn't like that precedent. Kroenke didn't care because he was planning a development so big he could pay for the stadium and make tons of money on the rest.

https://www.latimes.com/sports/angels/story/2021-12-20/anaheim-angel-stadium-land-deal-in-jeopardy

Andrew Friedman: "If you're always rational about every free agent, you will finish third on every free agent."

Neither the Diamondbacks nor the Rockies had any interest in replacing three visits from the Dodgers each year with three visits from the Astros. MLB needed an NL Central team to move, and the lure for the Astros was three visits from the Rangers each year (plus - probably more importantly - the Astros owner got a discount on his purchase of the team).

It's an ESPN rewrite of an SF Chronicle story that said the A's are planning to narrow down their list of potential stadium sites in Las Vegas after the World Series. And, as for the "bullet train," the Vegas terminal is where one of those sites could be ... https://www.latimes.com/sports/angels/story/2021-08-31/las-vegas-oakland-athletics-angels-high-speed-rail

More from Maddon, and in particular on this issue: Sure the Angels need top-tier pitchers, but why would top-tier pitchers sign with a team that hasn't won a postseason game since 2009? https://www.latimes.com/sports/angels/story/2021-09-24/angels-mariners-top-pitchers-free-agency-joe-maddon

https://www.latimes.com/sports/story/2021-08-09/angels-free-agency-push-corey-seager-dodgers

Average MLB career is 3-4 years. Generally speaking, the longer your time in the minors, the shorter your time in the majors.

Service time? That's only relevant if you believe he's going to play 7 years in the majors. He's almost at 7 years in the minors.

Angels BP tonight is roughly 4:30-5:30

Mike Trout could return to a team ready for a second-half run. However, given the results to date and the way the team was built, Trout also could return to the roster just in time for first-year general manager Perry Minasian to tear it apart. https://www.latimes.com/sports/angels/story/2021-05-19/angels-mike-trout

https://www.anaheimpackingdistrict.com/

https://www.latimes.com/sports/angels/story/2021-04-30/angels-mike-trout-topps-albert-pujols-fernando-tatis