Questioning Bruce Sherman and meeting Clayton McCullough

Apologies to all the doomsayers, but I am not much on handwringing and tsk-tsking all the time. We are in a new situation, so be skeptical all you wish, but also be reasonable. There's no magic dust and we do not have the revenue of the top ten teams. Sorry, that's the lay of the land. So, let's get started with the new comprehensive plan. What the heck else are we going to do? Sherman cannot sell because the team has not appreciated in value. He borrowed $400 million to buy the team and there was a little problem in 2020 that you might recall, that cost tens of millions in lost revenue. Let's at least try to pull together. 

On 11/20/2024 at 7:40 PM, rurrusuno said:

Yup. Maybe the Marlins net worth is currently in the $1 B range? More or less. It doesn't seem worth it to even think about selling now. Give it a few years of the team reaching the postseason and their value will go up.

I think you're right, even though that valuation is plenty strong. The team has a stadium commitment, so they cannot threaten relocation even if there was another approvable target city (there certainly isn't now with the A's and Rays uncertainties). Moreover, with a very tough attendance ceiling. the Marlins can improve their financial situation and team valuation, but it will be in a longer, incremental way via sustained on-field improvements, or (and this is a big caveat), MLB realizes the systemic inequalities and votes for a significantly higher CBT with reasonable thresholds after the 2026 season. Since there will likely be a work stoppage, I wouldn't hold my breath for anything but an incremental CBT increase - nothing near what the Marlins and other low-revenue teams need.