Former Rays pitcher Matt Garza had his home broken into recently. And according to the Fresno Bee, among the items stolen was his American League championship ring valued at $30,000.
That certainly sucks. And if we were leading the investigation, we would start with Al Reyes, who was on the ’08 Rays but was cut in August and never pitched again.
But this story brings up something that we never considered before: The Rays spent a lot of money on those rings.
A lot of this is speculation, but we do know a few things for certain…
We know that the rings are now valued at $30,000. And we know the team handed out 46 of the rings during the ring ceremony in 2009. However, at that time, only 23 players received rings and at least 25 player rings would have been made. So lets say 48 of the $30,000 rings were produced.
But we’re not done. The Rays produced 480 rings total for players, staff, coaches, owners, and employees. Of those, we have heard (but never confirmed) that there was a $5,000 version of the AL Championship ring given to employees that had been with the team since the beginning. Let’s just speculate that this was 25 employees. We have no idea. And that the rest of the rings given to employees and staff were worth maybe $500 (again, speculation).
That puts the total bill for the rings somewhere in the ballpark of $1.8 million.
Holy crap, that’s a decent middle reliever!
Of course, the Rays certainly got a discount buying in bulk (it pays to shop at Costco). So maybe the total bill was closer to $1.5 million. Still, that’s a lot of dough for a cash-strapped team.