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powrwrap

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Everything posted by powrwrap

  1. powrwrap
    Anyway....dragging this thread back to on-topicness. I notice that Kendall's slugging percentage really dropped the year he started playing for Oakland (age 31). Could Kendall's power drop be attributed to playing in a bigger ballpark? BTW I wouldn't call his .418 SLG average through age 30 as being a "potent bat." Mauer's power numbers spiked for one year and have since reverted to the norm. He's also playing in a ballpark that is less hitter friendly. Injuries plagued Kendall after his year 30 season? I see these number of games played by Kendall at these ages: Age 30 Games played 147 31 150 32 143 33 137 To summarize, in Kendall's case I think his SLG decreased because he was playing half his games in Oakland Coliseum. In his best year in Pittsburgh (1999) for SLG his home/away split was .610/.417. Once he gets in Oakland his SLG % is higher away than at home (though still overall depressed from previous year's, as per your contention.)
  2. powrwrap
    I plead innocent to creating "all this other stuff". I pretty much tried to stay with my original point but others tried to derail it.
  3. powrwrap
    I'm not arguing that Pohlad doesn't have control of the Twins with no impediment. I'm trying to point out that there is more to spending money on payroll than for Pohlad to open his wallet. Ultimately that's what he will do but he has to take into consideration how it will affect his overall business operations and tax situation. These are the "legal and tax benefits" that you say has nothing to do with Twins operations. I say they do. Let's be clear: You are saying that there is no legal or tax difference between the Pohlads and the Minnesota Twins?
  4. powrwrap
    I'm glad you like it! I get much of the same enjoyment reading about hypothetical lineups the Twins should employ in 2015.
  5. powrwrap
    You've got a handle on what I'm trying to say. Basically, it boils down to this: The Pohlads are going to run the Twins like a business, not a hobby. They are going to make financial decisions, not emotional ones. Saying the "Pohlads are extremely wealthy and because they don't outbid the Yankees for such-and-such free agent means they are cheap" is a simplistic argument that ignores real world situations.
  6. powrwrap
    Sorry, but LLC's, like corporations, provide a shield for the owners against debts incurred by the LLC's as well as protections against other liabilities the LLC may incur. There is a separation. You are correct about the terminology. LLC's pay distributions, not dividends. I was merely repeating what others had said so as not to introduce new terminology. The income or loss of a partnership is reported on Schedule K-1. I don't believe I said that cutting payroll would save Pohlad's taxes. Cutting payroll would (likely) increase the LLC's profit, which would increase their distributions, which would probably increase their personal taxes. I did say that fiddling with payroll is a method for the Pohlad's to manipulate their personal tax exposure. Of course, they likely have other ownership in other companies that would enter into the overall equation as well.
  7. powrwrap
    Yes, and your point is...?
  8. powrwrap
    Really? So it's wrong to take all the legal deductions you are entitled to by law to lower your tax burden? For example, if you take the home mortgage interest deduction to lower your taxes, you're cheap? Or put pre-tax money into a 401k to reduce your taxable income, you're cheap? Wow.
  9. powrwrap
    Says the Twins had $213M in revenues and $26.5M in operating profit (before depreciation, amortization, and interest expenses). So how many big impact free agents can you buy with less than $26M? Who was available? Says the Twins had revenues of $213M and $16.6M in operating profit (before depreciation, amortization, and interest expenses). So how many free agents can you buy with less than $16M? I'm guessing not a big impact player. Not Zack Greinke or Cole Hamels. Looks like you're going to have to find some money elsewhere.
  10. powrwrap
    How much of the $390M subsidy that the Twins received to build Target Field went into payroll? Where did you get the $213M revenue number from?
  11. powrwrap
    The legal separation has to do with the savings and checking accounts of the individuals and the team. The team is a legal entity separate from the individuals. In real life execution of business duties it may not appear to be that way. My point is that when fans yell for payroll to be increased, it's not as simple as Jim Pohlad writing a personal check. No, it could be for other reasons, such as adjusting their year end dividend they receive from the team's profit (or loss.) Is that being cheap? Or avoiding taxes? If people decide they don't want to pay taxes are they cheap? You're funny. "We now see..." after only 2 1/2 years of operation? The payroll numbers have been: $98M, $112M, and $94M. These numbers come on the heels of a $65M payroll in 2009.
  12. powrwrap
    How much of that $390M goes into payroll? I will wait for my answer.
  13. powrwrap
    Most companies run a net-net profit of between 5% and 10%. Of course, MLB is not most companies, so who knows? If the Twins have revenues of $180M and they have a 7.5% net-net profit, that would mean dividend distributions of $13.5M to the owners.
  14. powrwrap
    Hey, it's a Twins discussion forum. I can't think of a better place to bring it up.
  15. powrwrap
    Yes, and they are owners of multiple businesses. Maybe they don't want to put more money back into the Twins for a couple of years because that money is needed for another business. Maybe they WANT to lose money with the Twins. I often wonder if Carl was purposefully losing money on the Twins in the 90's because his investments elsewhere were raking in the dough and he could more easily manipulate profits and losses with the Twins to adjust his personal income tax payable compared to manipulating his other businesses profits and losses.
  16. powrwrap
    Because if the nature of LLC's--profits or losses must be passed through to the owners each year--if the Twins want to sign Cole Hamels and Zack Greinke next year I bet they don't have $40M per year lying around waiting to be spent on that. Ask yourself--how are the Pohlads going to get $40M a year more in revenues? Raise ticket prices $100 per seat? No, so they are going to have to find the money somewhere else. Not quite. There is a legal separation between the Twins money and the Pohlads money. Any dividends paid to the shareholders of the LLC will show this as income on the shareholder's tax return. Or losses will be deductions from their personal taxable income. How many dividends did the Pohlads put "directly into their bank account" in the losing years of 1994 through 2001? In these years the Pohlads likely had losses flow through to their form 1040. We don't know the Pohlads tax situation. They do have other investments in other companies. Maybe for tax reasons they don't want the Twins to have more revenues, which would mean more profit, which would mean more dividend payments to them from the LLC, and more personal tax liability. Owners of LLC's and S-Corps can manipulate their expenses and dividends to minimize their personal tax liabilities. Ownership has the risk of paying higher personal taxes if their LLC has higher revenues.
  17. powrwrap
    The point is that Twins fans that demand the Pohlad's spend more money on payroll should understand that they don't use their personal money to purchase contracts for free agents, the money gets funneled through the LLC. The Pohlads make a business decision. Owning a baseball team is not a hobby for them where they don't expect to get paid back. I'm kind of reacting to the idea that if the Twins don't sign Cole Hamels, Zack Greinke (or whomever) in the off season then the Pohlads are cheap. It's not that simple.
  18. powrwrap
    Yes, privately held corporations don't need to divulge anything to the public. If Minnesota Twins LLC don't own the team, what the heck do they do? David St. Peter is listed as the manager. I think that is Twins Ballpark LLC. Target Field is managed and operated by Twins Ballpark, LLC, a limited liability company ("Twins Ballpark"). http://minnesota.twins.mlb.com/min/downloads/y2010/events_policies_procedures.pdf
  19. powrwrap
    On a year-by-year basis, I don't think so. If they were to sell out every game, as they almost did in 2010, how high would you say their payroll can go and they still break even?
  20. powrwrap
    Yes, they COULD spend more money, which at this juncture probably means they are throwing it away. Absolutely. I'm sure the Twins have figured out their break even attendance numbers vs. payroll. Quick guesstimate, one point on the graph could be around 18,000-20,000 fans a game and around $80M in payroll. That sounds a lot like next year.
  21. powrwrap
    I showed you that the Twins are an LLC. It's a given that if you are on the board of directors of a corporation and active in the day-to-day running of the company you are going to own stock in that company.
  22. powrwrap
    Yes, that is my main point, separation between corporate funds and personal funds. Also, I am speculating as to how the Twins' get their money which is why I used words like "I'm guessing", "probably" and "might".
  23. powrwrap
    Asked and answered your question. What is your beef?
  24. powrwrap
    http://mblsportal.sos.state.mn.us/Business/SearchDetails?filingGuid=963c4846-8fd4-e011-a886-001ec94ffe7f
  25. powrwrap
    I sure hope so, but I think one of the players will be in A ball.
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