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

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

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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.

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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.


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"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.

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Reasonable end-of-season reactions for every NL team .
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