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Nine teams violating MLB debt rule

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08:14 AM ET 06.03 | The Dodgers and New York Mets are stealing headlines as baseball's big-market financial headaches, but they reportedly are not alone. Nine of the 30 teams are in violation of the MLB debt service rules, according to information presented in a confidential briefing at the owners' meetings last month and confirmed to The Times by three people familiar with the presentation. In addition to the Dodgers and Mets, the teams out of compliance are the Baltimore Orioles, Chicago Cubs, Detroit Tigers, Florida Marlins, Philadelphia Phillies, Texas Rangers and Washington Nationals, according to the people, none of whom were authorized to disclose the information.

Los Angeles Times

Frank McCourt, Getty Images Frank McCourt, Getty Images
June 3, 2011  08:16 AM ET

Paid for by the friends of Frank McCourt?

Comment #2 has been removed
June 3, 2011  08:34 AM ET

And we wonder why our financial institutions have to be propped up or bailed out by our federal government? It's because they recklessly toss money, like it's candy, to frauds like Frank McCourt.

Comment #5 has been removed
June 3, 2011  08:40 AM ET
QUOTE(#5):

Tigers and Phillies? Really.

That's what I was thinking, well as far as the Phillies anyway. The Tigers lost neary 3/4 of a million in attenedance a couple of years ago but I thought that was coming back. But it's a confidential meeting yet it's appearing in the media.

Comment #7 has been removed
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Comment #10 has been removed
June 3, 2011  08:47 AM ET
QUOTE(#7):

Lets blame the Yankees for this mess......

Ok but remember it was your idea :)

Comment #12 has been removed
June 3, 2011  09:08 AM ET
QUOTE(#5):

Tigers and Phillies? Really.

There's no way in God's green earth that the Phillies are losing money. If they are then somebody is really screwing something up.

Comment #14 has been removed
June 3, 2011  09:14 AM ET

All those other teams aren't struggling to make basic payroll in May... McCourt needs to go...

June 3, 2011  09:15 AM ET
QUOTE(#14):

Didn't say they were losing money - only said they are out of compliance. I think it has to do with cash reserves for assuring stability.

Just to be on that list should be an embarrassment to that organization.

Comment #17 has been removed
June 3, 2011  09:49 AM ET
QUOTE(#17):

Maybe not - the Phillies have the second highest payroll this year atNew York Yankees $ 202 m.Philadelphia Phillies $ 172 m.Boston Red Sox $ 161 m.Los Angeles Angels $ 138 m.Chicago White Sox $ 127 m.Chicago Cubs $ 125 m.New York Mets $ 118 m.San Francisco Giants $ 118 m.Minnesota Twins $ 112 m.Detroit Tigers $ 105 m.St. Louis Cardinals $ 105 m.Los Angeles Dodgers $ 104 m.Texas Rangers $ 92 m.The rest are under 90 m.Some of the teams listed are in the top Salary range - but don't have the draw like the Yankmees and Botox - yes even the Phillies don't match up that fan base. So I can understand given the outpouring of salaries thus pushing reserves to be a little stretched.

Maybe some of the teams, but I disagree about the Phillies fan base not being able to match up with Boston.

They are in the 4th largest media market in the country, behind only New York, LA., and Chicago. Boston is 7th.
They have a beautiful new ball park, that they fill every night.
They have just as strong a fan base as Boston, and it seems to be getting bigger. They were #2 in total attendance last year, only behind the Yankees.

Another words, there is no reason the Phillies can't keep up with anybody in baseball (excluding the Yankees) when it comes to payroll.

June 3, 2011  10:02 AM ET
QUOTE(#13):

There's no way in God's green earth that the Phillies are losing money.

If they keep doing stupid shat like giving Ryan Howard $25m/yr until he's 53 years old, they will be.

June 3, 2011  10:06 AM ET

We have huge problems in America with spending well beyond our means....at the personal level all the way up to the government, who is "leading" the way. No surprise here that baseball teams are just as stupid.

June 3, 2011  10:10 AM ET
QUOTE(#13):

There's no way in God's green earth that the Phillies are losing money. If they are then somebody is really screwing something up.

Leverageing a capitol investment is normal and healthy corporate behavior. they have not listed the debt limits set for MLB teams so this is pretty meaningless other than to imply that McCourt is getting screwed. Maybe he is and maybe he is not. It depends on how much worse he is out of compliance and what that level is...

 
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