The Seattle Mariners apparently made peanuts last year
I'm sure there are people way smarter than me who could find some loopholes and hidden dollars somewhere in their books, but the Mariners only made a profit of $5.86 million in 2012.
This is despite having a total payroll of only about $85M. To put it in perspective, that's $130M less than the New York Yankees, who most likely pulled in 9 figure profits.
Is this something that Major League Baseball has to fix? The Mariners aren't even the poorest team, or even close to it. There are teams who see less fans and bring in far less revenue than the M's.
Meanwhile, there are teams like the Yankees, Dodgers, Red Sox, and others who are able to spend wildly and still turn a substantial profit.
Some of this profit is due to ownership of their own TV networks, like YES and NESN. Others are due to huge deals with cable companies like the Dodgers' deal with Time Warner, rumored to be in the $1B range.
Meanwhile the Mariners are pulling in a $5.86M profit. That's about the same as a bench player for the Yankees.
There's already a profit sharing system in place in baseball, but it is extremely limited, and we really haven't seen much change since it was implemented. Does more need to be done to help the small market teams stay competitive?