Mariners made only $5.86 million profit in 2012

The Seattle Mariners apparently made peanuts last year

3/14/13 in MLB   |   Pat   |   5229 respect

Mar 6, 2013; Peoria, AZ, USA; Seattle Mariners center fielder Franklin Gutierrez (center) is congratulated by pitching coach Carl Willis (left) and bench coach Robby Thompson (right) after scoring during the fifth inning against the Milwaukee Brewers at Peoria Sports Complex. Mandatory Credit: Jake Roth-USA TODAY SportsThe Mariners have released their financial numbers for 2012, and it's a little surprising just how little money they actually made.

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?
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3/14/13   |   ML31   |   3671 respect

It continues to amaze me that some still think making the post season easier to achieve = a solution to the competitive imbalance that continuities to permeate MLB. 

3/14/13   |   Eric_   |   7716 respect

I'd love to see the actual financial statements, to see what, if any, tricks were used to get that number. In baseball these days, TV money is driving the revenue bus. Every team will be getting an extra $25 million next year from the new national deal. In Seattle's case, they can opt out of their local deal in 2015. If this insane demand for live sports on TV continues til then, the M's can get a nice raise on their current $45 million a year.

Yes, there will always be revenue disparities, but the TV rising tide is lifting all boats, and in the end, the rich teams can't spend *all* that money, especially with the caps on draft picks and international signings. I mean, come on, we just had a year where Oakland and Baltimore made the playoffs and we're still complaining about competitive balance? Give me a break.

3/14/13   |   ML31   |   3671 respect

Personally, I do not care what how much players or owners make.  I just want a system that produces fair competition.  Which we all know does not exist in MLB due to the tremendous differences in local media revenue.  This will not change so long as the MLBPA continues to run MLB and the owners continue to make a profit.  As they have been thanks mostly to the internet agreement owners unwittingly made back in the mid 90's to share all internet related revenue.  If the owners knew then what a money making machine the internet turned into I seriously doubt they would have struck the same deal.