Home MLB News Insurance Company Thought to Be at Center of MLB Document Leaks

Like Shoot to Thrill - An AC/DC Tribute on Facebook!

An authentic tribute of AC/DC that covers the best of the Bon Scott era and the best of Brian Johnson's material

Who's Online?

We have 831 guests online

Atom RSS

Insurance Company Thought to Be at Center of MLB Document Leaks PDF Print E-mail
User Rating: / 0
PoorBest 
Written by Maury Brown   
Wednesday, 25 August 2010 10:32

Baseball and moneyThe motive or agenda may not yet be known, but according to a report in this morning’s NY Daily News, the source of leaked financial documents for the Angels, Mariners, Rays, Pirates, Marlins, and Rangers might be known soon.

According to the report, MLB’s Department of Investigations is zeroing in on an insurance carrier associated with clubs as the source of the leaked documents. A motive or agenda is not mentioned within the report.

On Sunday, The Associated Press first broke the story citing confidential financial documents of the Pittsburgh Pirates, followed the next day by Tommy Craggs of Deadspin releasing not only the Pirates, but the Angels, Mariners, Rays, and Marlins. Yesterday, Deadspin released documents from the Texas Rangers (see all the documents here). It is believed that these are all the documents in Deadspin’s possession.

The leak of the documents, with three of the clubs being low-revenue makers that have had a history of low player payroll, have created a swirling debate around MLB’s revenue-sharing system. For the years in the leaked documents all three are shown to make profits, with the Marlins showing a net income of over $29 million in 2008.

A breakdown of key figures for the Marlins, Pirates, and Rays are part of a comprehensive analysis today on FanGraphs (see Will Leaked MLB Financials Alter Revenue-Sharing?)

FOR MORE ANALYSIS SEE:


Maury BrownMaury Brown is the Founder and President of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey, as well as a contributor to FanGraphs and Forbes SportsMoney. He is available for hire or freelance. Brown's full bio is here. He looks forward to your comments via email and can be contacted through the Business of Sports Network.

Follow Maury Brown on Twitter Twitter

Follow The Biz of Baseball on Twitter Twitter

FacebookFollow the Business of Sports Network on Facebook

 
 
Banner

Poll

Should MLB Force Jeffery Loria to Sell the Marlins?