Are We There Yet?
The jubilation in Washington DC over getting a team quickly turned to
despondence when DC Council Chair Linda Cropp led a mini-revolt to
restructure the agreement the DC government had already made with Major
League Baseball to bring the Expos to Washington. After leading
the chorus of "Take Me Out to the Ballgame" on the day the announcement
was made that baseball was returning to the Nation's Capital and
singing the praises of the deal, she has
changed her tune and significantly changed the conditions of her
loyalty.
The original agreement was that DC would completely finance the
building of a new stadium from public finds. Cropps' new
condition is that the new owner will have to pay at least half.
Frankly, Cropps' new proposal is the best one for everyone
involved. Unfortunately, neither she nor anyone else brought it
to the table when it was "undecided" where the team would go.
I say "undecided" because everyone in baseball knew the most money was
to be made by putting a team in the DC area. Whether it would be
in the actual city or in the suburbs of Loudon County, unless
niggardly Clark Griffith came back from the grave to own the team, this
market will produce a franchise with as much or more spending and
drawing power
than the Los Angeles Dodgers or Chicago Cubs within 10 years.
There is that
much money waiting to be spent in the DC area, with two of the 10
wealthiest counties in the country sitting between the two sites.
The DC market has a greater annual income, greater average disposable
income and higher percentage of the target demographics for baseball
than 90% of the cities that already have major league teams. The
Baltimore Orioles have been viewed as a large market team ever since
the Senators
left DC and they are 70 miles away from the largest portion of the
population.
Cropp is hoping that since baseball already committed to coming to DC,
that she and the District would have the leverage to work a better deal
before actually signing off on it. Clearly she hasn't paid
attention to what's been going with regard to baseball and DC over the
last 30 years. At best, she has focused on a few
isolated events rather than the big picture.
Baseball has been screwing DC ever since the Griffith's left for
Minnesota's greener pastures in 1961. Owners have been using the
threat of moving to DC specifically to extort publicly financed new
stadiums from their fans in at least 5 different cities. Now that
most teams have new digs, that threat isn't as great. But that
still doesn't mean that baseball won't cut off it's own nose to spite
it's face. Owners have been throwing out ridiculous proposals for
years - contraction, replacement players - in an effort to suck
more money from whoever they can get it from. Cropp not only
jeopardizes DC's chance to keep the team, but she also
jeopardizes Northern Virginia's to get it if the gambit fails.
Even though Loudon County apparently finished 2nd in
the race for the team, the owners will no doubt go to the third choice
just to
keep DC from getting any money from allowing the team to play at RFK
even for a year or two. Even if it means they get millions less
per year.
Darren Rovell reported on ESPN.com that owners will get an additional
$50 million per
year in revenue if they contract the team after the 2006 season.
That money would come from a greater share of the national broadcasting
revenue. But that's not per team; that's total. Divided
among the remaining teams, the amount they'd get is less than $2
million
per team. Is that really worth losing the DC market over?
Considering that a new owner will most likely be forking over up to
$400 million for a team that might not be worth $75? It's not
Montreal's fault that the team's value has dwindled. Jeffrey
Loria, who is now doing the same song and dance in Florida for the
Marlins, sent the value plummeting with his chicanery as the Expos
owner. MLB paid Loria $120 million for the team in 2002, so even
if a new owner has to pay for half of a $500 million stadium, baseball
gets their money back, plus a tidy profit of roughly $30 million.
They don't get their operating costs back from the last three years,
but the loss will be minimal because the team has been operating about
$10 million over it's costs. That nets out to about $1 million
per owner to cover the last 3 years.
The original agreement clearly benefits the owners as they will make a
huge profit from the sale of the Expos. They will also make money
off the revenue sharing once the team starts operating in the black,
which could come as soon as it's first year. Fans of baseball in
DC will also benefit as they will finally have a team they can cheer
for and they won't have to drive 2 hours in traffic to see a team that
for the last 6 years has been one of the worst in baseball, despite
considerable (but misguided) spending. And DC itself, after the
initial sticker shock, should gain some benefit. New teams and
new stadiums, can have a positive effect on a city. For example,
Baltimore's renaissance coincided with the building of Camden Yards as
part of the Inner Harbor renewal. How much money the city and
county actually gained is still a subject of some debate because the
increases in business and tourism, as well as a considerable escalation
in local property values, has been at least partially offset by a
substantial debt service to pay for the stadium. But despite the
project being entirely publicly financed, Baltimore appears to be
better for it. Other cities have experienced similar
trade-offs.
Cropp's deal eliminates much of the owner's initial profits by saving
the people footing the bill, the residents and businesses of DC, from
paying much of it. The owners will still get money from the
revenue sharing, and perhaps most importantly, will gain considerable
leverage in the public mind in the next labor negotiation by doing
something the haven't done in quite some time: simply doing the right
thing. When taking sides between "greedy players and owners",
it's hard to call someone a "greedy owner" if they sacrifice their own
potential profits to put a team in a place it should have been all
along. By putting a team in DC under Cropp's proposal, the owners
might actually look as though they are trying to act in the best
interests of baseball, fans included. At least, that's how it
could be portrayed. But we all know that won't happen, don't
we. Baseball's owners have a long and consistent history of
trying to get away with highway robbery and acting with their own
immediate interests, exclusive to all others, in mind.
Maybe Ms. Cropp is trying to get back at Baseball for all it's misdeeds
to DC over the last 40 years. Maybe she wants to teach Baseball a
lesson that they shouldn't screw with the capital city of the most
powerful nation on earth. But as Baseball clearly proved by
shutting down it's operations in DC after the vote to implement her new
proposal, she doesn't have leverage or full understanding of the
situation. She thought by pulling a bait and switch that she
could get more favorable
conditions for an agreement. Unfortunately, there are too many
other contenders for her position to have much negotiating
power, especially since there was already an agreement in place.
Now is not the time to try to get even. The best way to pay
back all the injustices authored by the people
who've kept baseball out of the nation's capital for nearly two
generations is to first get the team, then build a champion that will
have the money to keep winning year after year. The best revenge
would be to take an increasingly larger share of the overall revenue
pie over the
long term, not squabble over a relatively little bit in a one-time deal.