New Bucks Owners Open To Local Investors Sources: Islanders Draw New Suitors Colts To Remain With Irsays Long Term Herb Kohl Sells Bucks For $550M Kohl Praised For Dedication To Milwaukee Arthur Blank, Atlanta Officially Awarded MLS Team Raptors Unveil New "We The North" Campaign NBA Kings Reaping Benefits Of New Owners Franchise Notes Bruins, Celtics Headed In Opposite Directions
Upcoming Conferences and Events
Expected Target Field Revenues Allowing Twins To Boost Payroll
Published February 9, 2010
|New Revenue From Target Field Results In
Busy Offseason For Twins
STICKING TO THEIR PHILOSOPHY: In St. Paul, Kelsie Smith writes the Pohlad family has "long subscribed to the same payroll philosophy -- that 50[%] of the team's revenue equals the ballclub's payroll budget." Payroll for the upcoming season has "jumped so significantly because the team expects revenues in 2010 to grow correspondingly," and Jim Pohlad said that "that's really all it is." Pohlad: "We're going to try to put the best team on the field in the most prudent financial way." Meanwhile, the Twins "historically have shied away from deferred payments in contracts," and Pohlad "made a point to say that the organization doesn't want to change now" as the team continues contract negotiations with C Joe Mauer. Pohlad: "You're just kidding yourself (with deferred payments). Eventually, you have to worry about it, and at that point, it affects your current operation" (ST. PAUL PIONEER PRESS, 2/9). When asked "how long can the team sustain payrolls above" $90M, Pohlad said, "It's all a function of our revenue. We try to keep (the payroll) within 50 percent of our revenue range. So model-wise, it would indicate that it's sustainable." Pohlad added, "We're not going to spend the money just to spend the money, though. It wouldn't hurt if it dropped below [$90M], in my opinion, occasionally." Meanwhile, St. Peter noted that the team's season-ticket base has "risen from 11,000 full-season equivalents last year to more than 19,500 this year" (Minneapolis STAR TRIBUNE, 2/9).