Sports Report: MLB lost $3.1B during pandemic-shortened season

17:46  26 october  2020
17:46  26 october  2020 Source:   thescore.com

Opinion: Rick Renteria's firing highlights cruelties, inequities toward MLB managers in era of the rebuild

  Opinion: Rick Renteria's firing highlights cruelties, inequities toward MLB managers in era of the rebuild Rick Renteria just guided the White Sox to a 35-25 record and first playoff appearance since 2008. But that wasn't enough to save his job.That doesn’t erase the ugly lens through which baseball views him:

Major League Baseball took huge financial losses in order for the 2020 season to take place.

a man in a cage © Ronald Martinez / Getty Images Sport / Getty

The league lost $3.1 billion during the pandemic-shortened campaign, according to a MLB official who spoke with The Athletic's Evan Drellich.

MLB totaled $3 billion in revenue in 2020 while expenses were $6.1 billion, a league official told Drellich. MLB's revenue in 2019 was $10.7 billion.

With revenues plummeting without fan attendance - although there were a few exceptions for the National League Championship Series and World Series - and with no idea of what the future may hold for baseball, the financial losses have forced teams to cut hundreds of employees around the league.

MLB sets 2021 draft order, Pirates will pick 1st overall

  MLB sets 2021 draft order, Pirates will pick 1st overall The 2021 Major League Baseball Draft order is set, and the Pittsburgh Pirates are officially on the clock. Next year's draft order will be determined using the normal method of reverse order by winning percentage during the 2020 regular season, an MLB spokesperson confirmed to Stephen J. Nesbitt of The Athletic. As part of the March agreement following the league's COVID-19 suspension, commissioner Rob Manfred was given the power to change the 2021 draft order if circumstances required it. However, no such modification was required because MLB completed this year's pandemic-shortened regular season as scheduled.

The Baltimore Orioles, Chicago Cubs, and San Francisco Giants have already laid off several people, and the Oakland Athletics appear ready to do the same.

Gallery: The most overrated baseball players of all time (Espresso)

Roger Maris holding a baseball bat: Roger Maris’ peak was amongst the best in baseball, but it was short, and there were a lot of valleys around it. Forbes reports that the two-time AL MVP is most famous for breaking Babe Ruth’s single-season home run record with 61 in 1961. That said, the right fielder only managed a .269 batting average that year, and a .260 career BA, which isn’t all that impressive. Maris developed hand problems and had a relatively short career from 1957 to 1968, and hit 133 of his 275 career dingers in a three-year span with the Yankees from 1960 to 1962. Considering even casual baseball fans know his name, you’d expect more from Maris’ overall numbers.

"It is one of the tragedies in baseball this year," Cubs president of baseball operations Theo Epstein said on Oct. 5 after his organization laid off more than 100 staff members.

"Some wonderful men and women who've given a lot to this game have lost jobs and no longer have the support and the camaraderie and the foundation of baseball to lean on, and that's something that wears on all of us. Every organization is changed because of it. The very nature of working in baseball is changed because of it."

MLB's reported losses come several months after MLB and the MLBPA debated over how long the regular season would be and how much players would earn in prorated salary.

Copyright © 2020 Score Media Ventures Inc. All rights reserved. Certain content reproduced under license.

Reasonable end-of-season reactions for every NL team .
The most chaotic season in Major League Baseball history is, against some odds, complete. Let's take a look at some reasonable reactions - as reasonable as one can get over a 60-game season - for every National League team: Arizona Diamondbacks: There's a bit of an identity crisis going on. Is this the team that acquired Starling Marte in the offseason, or is it the team that traded him away midseason? Is this the organization that forked over $85 million to land Madison Bumgarner - who posted a horrendous 6.

usr: 0
This is interesting!