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Do Orioles have money in bank?


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#1 mikezpen

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Posted 05 April 2024 - 09:25 AM

A question. Having had one of MLB's lowest payrolls for years, is there a stash available for free agents? Or does Angelos family and other former members of ownership group get it?



#2 Slidemaster

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Posted 05 April 2024 - 09:27 AM

A question. Having had one of MLB's lowest payrolls for years, is there a stash available for free agents? Or does Angelos family and other former members of ownership group get it?


"The bank" is literally the owner's bank account. Whatever they want to spend is what they can spend.

#3 Nigel Tufnel

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Posted 05 April 2024 - 09:31 AM

Yeah, I'm pretty sure owners just take a profit distribution each year equal to 100% of a team's profits.  There wouldn't have been some giant Orioles bank account holding all of the past profits that carried over to the new owners.



#4 mweb08

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Posted 05 April 2024 - 09:44 AM

Yeah, I'm pretty sure owners just take a profit distribution each year equal to 100% of a team's profits. There wouldn't have been some giant Orioles bank account holding all of the past profits that carried over to the new owners.


If that was the case the sale price would have been substantially higher given the hoard John the Dragon amassed.
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#5 Ravens2006

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Posted 05 April 2024 - 09:11 PM

John Angelos put a chit ton of money in his bank account the last several years...

#6 dude

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Posted 05 April 2024 - 10:06 PM

A question. Having had one of MLB's lowest payrolls for years, is there a stash available for free agents?

 

No.  I'm curious as to why you think they would.



#7 mikezpen

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Posted 06 April 2024 - 09:18 AM

Because they had one of lowest salary amounts in MLB for years.



#8 dude

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Posted 06 April 2024 - 09:37 AM

Because they had one of lowest salary amounts in MLB for years.

 

Correct, but why do you think there'd be a "bank" based on past payrolls.



#9 mikezpen

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Posted 06 April 2024 - 10:25 AM

a profit during those years?

 

Look.I'm not declaring they have a stash. I posed it as a question.



#10 dude

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Posted 06 April 2024 - 10:42 AM

When people try to justify lowering the payroll during rebuilding for transitioning investment in the organization or building a bank for future seasons....

 

...it's a straight up lie.



#11 weird-O

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Posted 06 April 2024 - 10:46 AM

When people try to justify lowering the payroll during rebuilding for transitioning investment in the organization or building a bank for future seasons....

 

...it's a straight up lie.

I don't think anyone is perpetuating that lie, he simply asked a question.


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#12 dude

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Posted 06 April 2024 - 10:55 AM

ok


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#13 weird-O

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Posted 06 April 2024 - 10:56 AM

a profit during those years?

 

Look.I'm not declaring they have a stash. I posed it as a question.

To help give context to your question, Former GM Jim Bowden once said this (I'm paraphrasing). Teams without unlimited budgets have to pick when to go all in. And when they know they aren't built to compete, save money that can be used when they are. 

 

It was a theory he was describing. But as Dude said, it's a myth.  


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#14 Dutch

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Posted 08 April 2024 - 06:32 AM

A question. Having had one of MLB's lowest payrolls for years, is there a stash available for free agents? Or does Angelos family and other former members of ownership group get it?

 

They no longer getting any of my money.  :cool:  Oh wait, I have MLB.TV, so only a small portion ... 



#15 Nigel Tufnel

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Posted 08 April 2024 - 07:50 AM

They no longer getting any of my money.  :cool:  Oh wait, I have MLB.TV, so only a small portion ... 

 

Strange that you'd feel this way even after the sale, but you do you.



#16 Ravens2006

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Posted 08 April 2024 - 07:52 AM

The likelihood of the "stash" being something a team would push all in from time to time is... in my opinion... of basically zero consequence here.  The Orioles were run and managed by John Angelos, so the answer to that question is no.  In theory, yes, an ownership that wanted to win but lacked resources to compete full force on an annual basis could try to "bank coin" for a while then push all in briefly.  

 

Every single thing he did once wresting control from dear ole dad was mainly about reducing long term expenses / commitments, pocketing money / profits, maximizing product sale value, and then cashing out.



#17 Dutch

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Posted 08 April 2024 - 12:02 PM

Strange that you'd feel this way even after the sale, but you do you.

 

Perhaps there is an other reason but you have to ask nicely ... 






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