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Pluto Interview of Dolan

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Posted: 3/10/2013 4:15 PM

Pluto Interview of Dolan 


The interview has some interesting things in it but only one that I'm going to raise here.

Pluto writes:

The new MLB national television deal begins in 2014, where each team is supposed to go from $10 million to about $23 million annually in revenue.

Don't be distracted by the $23 million amount since all the other numbers you've seen are also estimates.

What Pluto says above is that each team will be getting an additional $13 million.  In other words, the numbers you've previously seen are the total national broadcasting rights fee* and not the incremental amount.

I wrote Pluto and he affirmed the amounts being reported is total and not incremental:

Ken Rosenthal from CBS Sports, one of the best baseball writers around had that info...The 24M reports forget teams already were getting 10M...not zero.

________________
*  
For example on December 29, 2012 Pluto wrote in his Talken' column:: 
Also, every team will receive another $24 million per year from the national television contract starting in 2014.
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Posted: 3/10/2013 4:24 PM

Re: Pluto Interview of Dolan 



JenniferMarie wrote: The interview has some interesting things in it but only one that I'm going to raise here.

Pluto writes:

The new MLB national television deal begins in 2014, where each team is supposed to go from $10 million to about $23 million annually in revenue.

Don't be distracted by the $23 million amount since all the other numbers you've seen are also estimates.

What Pluto says above is that each team will be getting an additional $13 million.  In other words, the numbers you've previously seen are the total national broadcasting rights fee* and not the incremental amount.

I wrote Pluto and he affirmed the amounts being reported is total and not incremental:

Ken Rosenthal from CBS Sports, one of the best baseball writers around had that info...The 24M reports forget teams already were getting 10M...not zero.

________________
*  
For example on December 29, 2012 Pluto wrote in his Talken' column:: 
Also, every team will receive another $24 million per year from the national television contract starting in 2014.
Sigh!

Didn't know whether to delete all but the first sentence or leave it since some may have already seen it.

I just received another email from Pluto that says, in relevant part:


I have been doing some more checking since your email...I may be wrong. I actually don't know what it is at this point.
 
I have seen from 24M to 48M, etc.
 
So be careful, I need to call someone who would know.
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Posted: 3/10/2013 4:38 PM

Re: Pluto Interview of Dolan 



JenniferMarie wrote:
JenniferMarie wrote: The interview has some interesting things in it but only one that I'm going to raise here.

Pluto writes:

The new MLB national television deal begins in 2014, where each team is supposed to go from $10 million to about $23 million annually in revenue.

Don't be distracted by the $23 million amount since all the other numbers you've seen are also estimates.

What Pluto says above is that each team will be getting an additional $13 million.  In other words, the numbers you've previously seen are the total national broadcasting rights fee* and not the incremental amount.

I wrote Pluto and he affirmed the amounts being reported is total and not incremental:

Ken Rosenthal from CBS Sports, one of the best baseball writers around had that info...The 24M reports forget teams already were getting 10M...not zero.

________________
*  
For example on December 29, 2012 Pluto wrote in his Talken' column:: 
Also, every team will receive another $24 million per year from the national television contract starting in 2014.
Sigh!

Didn't know whether to delete all but the first sentence or leave it since some may have already seen it.

I just received another email from Pluto that says, in relevant part:


I have been doing some more checking since your email...I may be wrong. I actually don't know what it is at this point.
 
I have seen from 24M to 48M, etc.
 
So be careful, I need to call someone who would know.
Good job keeping Pluto on his toes!
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Posted: 3/10/2013 4:39 PM

Re: Pluto Interview of Dolan 




---------------------------------------------
--- MrBananaGrabber85 wrote:

Next thing that both he and Rosenthal need to learn is that M is the Roman numeral for 1000. When you say $24M, that is $24,000.

MM is one million.

---------------------------------------------

Sigh. Apparently M is a million in Greek?
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Posted: 3/10/2013 4:45 PM

Re: Pluto Interview of Dolan 



MrBananaGrabber85 wrote: Next thing that both he and Rosenthal need to learn is that M is the Roman numeral for 1000. When you say $24M, that is $24,000.

MM is one million.
Or a slash over the top of a single "M".  The slash functions like a second M (multiple by 1000).
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Posted: 3/10/2013 4:47 PM

Re: Pluto Interview of Dolan 



MrBananaGrabber85 wrote:

---------------------------------------------
--- MrBananaGrabber85 wrote:

Next thing that both he and Rosenthal need to learn is that M is the Roman numeral for 1000. When you say $24M, that is $24,000.

MM is one million.

---------------------------------------------

Sigh. Apparently M is a million in Greek?
If Pluto were speaking to an audience of financial advisers you would be right.  He is, however, talking to sports fans.  The common abbreviation for million is m.  English is an evolving language.  It is clear what the audience wants in this case.  M for "million."
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Posted: 3/10/2013 4:49 PM

Re: Pluto Interview of Dolan 



---------------------------------------------
--- PPark wrote:


MrBananaGrabber85 wrote: Next thing that both he and Rosenthal need to learn is that M is the Roman numeral for 1000. When you say $24M, that is $24,000.

MM is one million.
Or a slash over the top of a single "M".  The slash functions like a second M (multiple by 1000).

---------------------------------------------

The truth is I have no idea if M is correct, which is why I quoted myself for posterity and then deleted the post.

Basically, I do not want to hide from the fact that I very confidently made am assertion I was unclear of, but I did almost immediately fess up.

Last edited 3/10/2013 4:51 PM by MrBananaGrabber85

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Posted: 3/10/2013 5:05 PM

Re: Pluto Interview of Dolan 


I think what some of you are overlooking is that Pluto used "million" in his column and that what you are jerking his chain over is what he wrote in an email to me.

Pluto is not only really good about responding to emails but he is usually pretty quick about it.  I'm grateful he replies at all and that he writes in an abbreviated fashion does not lessen my appreciation. Moreover, from my email it was obvious to him I'd understand he was talking about millions of dollars.
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Posted: 3/10/2013 5:12 PM

Re: Pluto Interview of Dolan 



MrBananaGrabber85 wrote:

---------------------------------------------
--- MrBananaGrabber85 wrote:

Next thing that both he and Rosenthal need to learn is that M is the Roman numeral for 1000. When you say $24M, that is $24,000.

MM is one million.

---------------------------------------------

Sigh. Apparently M is a million in Greek?

24 thousand bucks might also be called 24K or 24G's. So go figure.
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Posted: 3/10/2013 5:13 PM

Re: Pluto Interview of Dolan 


I don't think anybody is missing that. I mean really all that happened here is that I fired off a jerky post about something that personally aggravates me that I am basically wrong about anyways.
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Posted: 3/10/2013 5:23 PM

Re: Pluto Interview of Dolan 



MrBananaGrabber85 wrote: I mean really all that happened here is that I fired off a jerky post about something that personally aggravates me that I am basically wrong about anyways.

OK stop the internet.

I don't think anyone has ever made this kind of admission before.
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Posted: 3/10/2013 7:36 PM

Re: Pluto Interview of Dolan 


If arguing about "million" abbreviations and notations is the thing we get hyped up on most this spring training then I must say we have it good this year.
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Posted: 3/10/2013 8:35 PM

Re: Pluto Interview of Dolan 



MrBananaGrabber85 wrote:
---------------------------------------------
--- PPark wrote:


MrBananaGrabber85 wrote: Next thing that both he and Rosenthal need to learn is that M is the Roman numeral for 1000. When you say $24M, that is $24,000.

MM is one million.
Or a slash over the top of a single "M".  The slash functions like a second M (multiple by 1000).

---------------------------------------------

The truth is I have no idea if M is correct, which is why I quoted myself for posterity and then deleted the post.

Basically, I do not want to hide from the fact that I very confidently made am assertion I was unclear of, but I did almost immediately fess up.
Sh*t happens.
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Posted: 3/11/2013 6:14 PM

Re: Pluto Interview of Dolan 


The Indians drew only 1,603,596 fans -- the second-lowest total since the team moved to Progressive Field. Dolan didn't give the number, but I heard the season ticket base was barely above 5,000 not long after the season. Now, it's approaching 7,000.

He admitted that even the hard-core fan who wakes up each morning wanting to wear something in Wahoo red, white and blue had become disenchanted with the franchise.

"We heard it, we felt it," said Dolan. "We knew we had to do something. The cycle was heading to the bottom and going to be at the bottom for some time. We couldn't wait another five years for the next wave of minor leaguers to come."

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Posted: 3/12/2013 6:02 AM

Re: Pluto Interview of Dolan 



"We heard it, we felt it," said Dolan. "We knew we had to do something. The cycle was heading to the bottom and going to be at the bottom for some time. We couldn't wait another five years for the next wave of minor leaguers to come."
Next wave?  I must've slept thru the 1st wave.
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Posted: 3/12/2013 7:04 AM

RE: Pluto Interview of Dolan 


Half of them are in the lineup and in the rotation/bullpen. That was the first wave, some of them are very good players.
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Posted: 3/12/2013 7:06 AM

Re: Pluto Interview of Dolan 



JenniferMarie wrote: The interview has some interesting things in it but only one that I'm going to raise here.

Pluto writes:

The new MLB national television deal begins in 2014, where each team is supposed to go from $10 million to about $23 million annually in revenue.

Don't be distracted by the $23 million amount since all the other numbers you've seen are also estimates.

What Pluto says above is that each team will be getting an additional $13 million.  In other words, the numbers you've previously seen are the total national broadcasting rights fee* and not the incremental amount.

I wrote Pluto and he affirmed the amounts being reported is total and not incremental:

Ken Rosenthal from CBS Sports, one of the best baseball writers around had that info...The 24M reports forget teams already were getting 10M...not zero.

________________
*  
For example on December 29, 2012 Pluto wrote in his Talken' column:: 
Also, every team will receive another $24 million per year from the national television contract starting in 2014.
It sounds like Pluto is only talking about one contract. 

MLB re-upped with all three networks (ESPN, Fox, & Turner). MLB's annual take beginning in 2014 will be $1.55B, up from $755M today.

The $800M marginal increase works out to an additional $26.67M per team.
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Posted: 3/12/2013 8:43 AM

RE: Pluto Interview of Dolan 



skydancing wrote: Half of them are in the lineup and in the rotation/bullpen. That was the first wave, some of them are very good players.
Really?  They've got no home grown player in the rotation unless you want to count Huff.

You got Kipnis in the lineup & who else?  Chiz has promise, but nothing yet.

You got Vinnie in the pen.

I don't consider 2, maybe 3 players a wave. Then again, Dolan's not exactly honest Abe.
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Posted: 3/12/2013 8:53 AM

Re: Pluto Interview of Dolan 



Ocramruf wrote:
JenniferMarie wrote: The interview has some interesting things in it but only one that I'm going to raise here.

Pluto writes:

The new MLB national television deal begins in 2014, where each team is supposed to go from $10 million to about $23 million annually in revenue.

Don't be distracted by the $23 million amount since all the other numbers you've seen are also estimates.

What Pluto says above is that each team will be getting an additional $13 million.  In other words, the numbers you've previously seen are the total national broadcasting rights fee* and not the incremental amount.

I wrote Pluto and he affirmed the amounts being reported is total and not incremental:

Ken Rosenthal from CBS Sports, one of the best baseball writers around had that info...The 24M reports forget teams already were getting 10M...not zero.

________________
*  
For example on December 29, 2012 Pluto wrote in his Talken' column:: 
Also, every team will receive another $24 million per year from the national television contract starting in 2014.
It sounds like Pluto is only talking about one contract. 

MLB re-upped with all three networks (ESPN, Fox, & Turner). MLB's annual take beginning in 2014 will be $1.55B, up from $755M today.

The $800M marginal increase works out to an additional $26.67M per team.
I think you explained the actual situation and that Pluto somehow got confused.

Back in December Pluto's $24 million was the number being reported.  It has escalated a few times since.

What  Rosenthal might have had in mind is that a team does not actually pocket 1/30th of the national broadcasting rights fees since a portion of it goes for pension and operations fees,

According to Stark back in 2009 about 25% of the total national revenues received goes to pension and operations fees.  Still this does not explain (or at least fully) explains Pluto's net number.

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Posted: 3/12/2013 9:01 AM

Re: Pluto Interview of Dolan 



WahooinAtlanta wrote:
"We heard it, we felt it," said Dolan. "We knew we had to do something. The cycle was heading to the bottom and going to be at the bottom for some time. We couldn't wait another five years for the next wave of minor leaguers to come."
Next wave?  I must've slept thru the 1st wave.
You apparently did.  Minor leaguers and draftees are not synonymous.  Important core players for both the 2005 and 2007 teams were players not drafted by the Tribe but came out of the minor league system
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