What I came across is a few discrepancies in Revenue vs Payroll. Using these two references listed below to produce our revenue and payroll figures (and profit). The two teams I used are the twins and the phillies.
2011 Revenue and profit
Twins: 213 million (26.5 million in profit/income)
Phillies: 239 million (8.9 million in profit/income)
2012 Payroll figures
Twins: 94 million
Phillies: 173 million
How is it with only 20 million more in revenue the phillies can achieve a payroll $79 million higher and still turn a 9 million dollar profit? To calculate operating expenses I used the following calculation: Total revenue - Payroll - Profit(income)
$239mil - $173mil - $9mil = $57mil in operating expenses.
$213mil - $94mil - $26.5mil = $92.5mil in operating expenses
So the twins use $35 million more a year in operating expenses than the phillies do? Is their (the phillies) stadium deal that much more rich or are the twins that cheap? Is my math out to left field? My level of understanding in this subject is minimal at best. Hopefully one of the better educated posters out there could help me understand if I'm crazy or my train of thought is correct and we the Minnesota fans are getting a bum deal?
P.S. Hello from Italy!
Edited by Yoosh, 11 July 2012 - 07:33 AM.