Padres CEO Seeks to Dispel Club's "Bottom-feeding" Image
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Alderson Says Padres' Payroll
Closer To $70M With Bonuses |
Padres CEO Sandy Alderson tried “to advance the argument that the Padres are not the bottom-feeding, bait-and-switch, low-budget ballclub perceived and portrayed by its most critical customers,” according to Tim Sullivan of the SAN DIEGO UNION-TRIBUNE. Alderson on Monday night made an appearance on Padres radio partner XPRS-AM to discuss the issue, and later told Sullivan, “One of the things I wanted to do was at least dispel the notion that our payroll was $58[M] and therefore we’re one of the three or four lowest teams.” He said the ‘07 payroll will be “about $70[M], the way it was last year (because of incentive bonuses).” But he also said, "The only way we're going to be able to grow it in the immediate future is through additional capital calls (on ownership), because there’s very little room for growth.” Alderson indicated that the team’s ‘07 budget “called for a cash contribution from [Padres Chair John] Moores that has already reached $14[M] and is expected to hit $18[M] by year’s end.” Sullivan noted the Padres are "committed to two long-term deals that dramatically restrict their spending power": a “below-market” TV package that runs through 2011, and debt service placed by an industry source at $18M annually. Both deals predate Alderson's tenure with the club. Sullivan noted although the team’s expenditures outweighing its income “suggests a business model that is broken,” Moores’ investments in a baseball academy in the Dominican Republic, Petco Park improvements, and a bigger bonus pool for amateur players can all be seen as signs “of confidence in the long-term prospects of his company” (SAN DIEGO UNION-TRIBUNE, 8/23).
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