Menu
Franchises

Small-Market Rays Gamble With $100M Extension For Evan Longoria

The Rays' commitment to 3B Evan Longoria is “substantial and significant for the Rays, who typically operate with one of Major League Baseball's smallest payrolls and finish at or near the bottom in attendance," according to Marc Topkin of the TAMPA BAY TIMES. They also have “yet to see any real progress in their much-debated quest for a new stadium before their Tropicana Field agreement expires after the 2027 season.” Though they will be “buoyed in future years by MLB's enriched national TV contracts and a potentially lucrative new local deal,” Rays Owner Stuart Sternberg said the increases alone do not offset "an astoundingly big commitment." The six-year, $100M contract extension to Longoria is set to end in ’23. Sternberg acknowledged that the Rays will “have to make choices on which other players to sign.” That is where the “hope to be in a new stadium comes in, with the accompanying increased revenue.” Sternberg said, "If by the end of this contract we're not, it's not going to work out well" (TAMPA BAY TIMES, 11/27). In Tampa, Tom Jones asks, "Unless the Rays can find greater revenue streams (read: a new ballpark with increased attendance), how can they afford to pay Longoria and, say, Cy Young winner David Price and still have any money left to fill out a major-league roster?” The Rays are “sticking their necks out for one (oft-injured) player,” but this is “how the small-market Rays must do business.” They have to “gamble that Longoria will stay healthy,” and they have to “gamble that Longoria's next 10 years will be as good as or even better than the past five” (TAMPA BAY TIMES, 11/27).
 
GETTING ANXIOUS: CSNNE.com’s Sean McAdam noted Red Sox fans are “getting antsy” in the aftermath of the Blue Jays-Marlins trade two weeks ago, and the Tigers’ signing of RF Torii Hunter “generated more angst.” It is “not even December and already people seem overly anxious about what the Red Sox are going to look like in April.” It is “unlikely the Red Sox are going to make one of those big bold strokes this winter.” Nor should the team “be expected to pull off a giant trade.” The last time the Red Sox were “bold and made big moves was after the 2010 season, when they ‘won the winter’ by signing [Carl] Crawford and trading for [Adrian] Gonzalez -- two players they couldn't wait to unload less than 20 months later” (CSNNE.com, 11/26).

SBJ Morning Buzzcast: April 24, 2024

Bears set to tell their story; WNBA teams seeing box-office surge; Orlando gets green light on $500M mixed-use plan

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2012/11/27/Franchises/Rays.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2012/11/27/Franchises/Rays.aspx

CLOSE