16 replies to this topic

[mikezpen]

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?

[Slidemaster]

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.

[Nigel Tufnel]

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.

[mweb08]

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.

[Ravens2006]

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

[dude]

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.

[mikezpen]

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

[dude]

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.

[mikezpen]

a profit during those years?

 

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

[dude]

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.

[weird-O]

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.

[dude]

ok

[weird-O]

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.  

[Dutch]

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.   Oh wait, I have MLB.TV, so only a small portion ... 

[Nigel Tufnel]

They no longer getting any of my money.   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.

[Ravens2006]

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.

[Dutch]

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 ...