Archive for the 'Stuart Sternberg' Category

If A Columnist Thinks The Rays Haven’t Made Threats In The Stadium Situation, He Hasn’t Been Paying Attention

New Stadium, Stuart Sternberg 1 Comment »

The column by Richard Justice starts like this

It’s impossible not to admire how the Tampa Bay Rays are handling their stadium situation.

OK. Not sure we agree. But OK, we will give Justice a shot to explain.

They’ve said almost nothing publicly, taking the high road and letting the politicians do the talking. Instead, they’re working behind the scenes, quietly and tirelessly, lobbying officials, explaining, offering solutions.

Hmmm. OK. This catches our attention. Maybe the Rays are being more proactive than we realized. OK Justice, you’ve got our attention. Tell us more.

…they’ve made no threats, engaged in no overblown rhetoric.

Ummm, Mr. Justice, can you come over here for a second. HAVE YOU LOST YOUR GODDAMNED MIND?!?

Let’s see if you can follow us around Sternberg’s underblown rhetoric…

There was the time that Sternberg said Read the rest of this entry »

VIDEO: Sternberg Jokes That Awards Will Be Up For Auction At ‘WeNeedMoneyForPena.com’

Jeremy Hellickson, Joe Maddon, Stuart Sternberg 8 Comments »

Stuart Sternberg was on hand Saturday night to accept Joe Maddon’s Manager of the Year award and Jeremy Hellickson’s Rookie of the Year award. Sternberg, showing his lighter side, joked that he drove down from posh Westchester County because the team couldn’t afford airfare for Maddon and Hellickson. He also said that the awards would later be put up for auction to help pay for Carlos Pena’s new contract.

Here is the video…

Will Jeff Vinik Be The Next Owner Of The Tampa Bay Rays?

Jeff Vinik, New Stadium, Stuart Sternberg 6 Comments »

Jeff Harrington of the Tampa Bay Times wrote an interesting column on Tampa Bay Lightning owner Jeff Vinik and the possibility that he might invest in the Channelside entertainment complex near the Tampa Bay Times forum.

And in his column, Harrington brings up an old rumor with a new twist…

One recurring rumor is that a dual sports deal could occur, whereby Tampa Bay Rays principal owner Stuart Sternberg would buy the New York Mets and sell the Rays to Vinik, who would then relocate the Rays from St. Petersburg to his newly acquired Channelside territory.

So far, the Wilpon family has successfully held on to the Mets, and speculation that they will be forced to sell has quieted down. But that possibility still looms. And as we have mentioned on this site (and elsewhere), Stuart Sternberg is a favorite of Bud Selig, and would be an ideal choice to replace the Wilpons if they are forced to sell.

But selling the team to Vinik would certainly ease the blow of Read the rest of this entry »

Sternberg May Be Concerned That The Tampa Bay Region Can’t Support Three Pro Sports Teams

Bill Foster, New Stadium, Stuart Sternberg 4 Comments »

Yesterday we discussed why we should be worried about the future of the Rays after the meeting between Stuart Sternberg and Mayor Bill Foster. Now we have a reason to be worried about Mayor Foster’s sanity.

In an exclusive interview with BayNews9.com, Mayor Foster now thinks the Rays will stay in the Trop through the end of the contract in 2027…

Foster said he came out of the sometimes tense meeting confident that Sternberg and the Rays organization are prepared to honor their current contract through 2027…”They’re committed to this region, to the city of St. Petersburg and there was no indication that they had intentions of violating the terms of our use agreement at all.”

That will never happen, so let’s move on.

Foster also said that the city was prepared to fight Major League Baseball with legal action if they try to force a move.

But maybe the most telling thing we learn Read the rest of this entry »

Why Yesterday’s Meeting Between Sternberg And Foster Should Scare You

Bill Foster, New Stadium, Stuart Sternberg 23 Comments »

Yesterday’s meeting between owner Stuart Sternberg and St. Pete Mayor Bill Foster was supposed to be a big moment in the progress towards a new stadium. While nobody expected any major developments, it was just good that the two sides finally decided to sit down and talk about the subject. But did they?

Based on the report by Michael Sasso of the Tampa Tribune, it doesn’t sound like the two sides discussed the stadium situation at all…

Sternberg said the two sides didn’t discuss potential locations for a future stadium and there was no talk of how the Rays might buy out their contract to play at Tropicana Field…Much of the discussion focused on how the city might help the team with marketing and improving upon home attendance in 2011 that was next to last, Sternberg said.

This is a huge problem.

While it is good that the two sides are discussing ways to improve attendance, this is something the two sides should be doing anyway. And it shouldn’t require the owner of the team and the mayor of the city. This is something the Rays marketing department, and members of the mayor’s staff should be able to handle.

And what does this say about Read the rest of this entry »

Sternberg Hopes St. Pete Mayor Wants To Do More Than ‘Normal Chatting’

Bill Foster, New Stadium, Stuart Sternberg 9 Comments »

Stuart Sternberg has a meeting with St. Pete Mayor Bill Foster scheduled for January 17. And Sternberg is hoping that this isn’t just a chit-chat session (via Roger Mooney of the Tampa Tribune)…

“I’m going to talk to him, and if he’s got something to chat about other than normal chatting that would be great. If not, it will still be fine,” Sternberg said. “It’s always good to communicate.”

And herein lies a problem. Sternberg is content to sit back and hope that the Mayor will budge and cave to the Rays demands.

Hey, we understand. Being the aggressor and appearing desperate rarely leads to the best deal possible. And Sternberg and Co. are always about maximizing their return. But this isn’t like waiting for another team to blow the Rays away for one of their starting pitchers.

At this point, there is no reason for Mayor Foster to Read the rest of this entry »

Investigation Into Marlins Stadium Could Mean Big Trouble For Rays

Matt Silverman, Miami Marlins, New Stadium, Stuart Sternberg 22 Comments »

The U.S. Securities and Exchange Commission has opened an investigation into the deal made between the Miami (neé Florida) Marlins, the city of Miami and Miami-Dade County for the building of the Marlins new stadium.

In short, the deal called for the city and county to pay for 80 percent of the new stadium through $500 million in bond sales. By the time the bonds are paid off, the city and county will have paid $2.4 billion over 40 years for the new stadium, with the Marlins paying less than $200 million.

At the time, the Marlins claimed they were breaking even and couldn’t afford a new stadium. However, when the Marlins financial documents were leaked on Deadspin.com, it painted a different picture.

[for a more in-depth look at how the Marlins played the system, read THIS and THIS by Jeff Passan of Yahoo! Sports]

So, how does this impact the Rays?

The Rays want/need a new stadium. And back in 2007, when the Rays proposed the waterfront ballpark, the Rays were expected to contribute $150 million of the approximately $400 million for the new stadium.

That was a lot considering that in 2008, Matt Silverman said the Rays were losing money (his exact words were “we’re cash-flow negative”). And earlier this year, Stuart Sternberg said, “[the Rays] can’t lose money year in and year out, hand over fist.“  But like the Marlins, the Deadspin.com docs showed the Rays were actually turning a profit.

When it comes to finally getting a new stadium, we have seen glimmers of hope for the Rays in recent Read the rest of this entry »

Growth Of Rays Value Is Easily Outpacing The Stock Market

Stuart Sternberg No Comments »

“In 2004, former Goldman Sachs partner Stuart Sternberg became the majority stakeholder in the Tampa Bay Rays. Since then, the value of the Rays franchise has risen 66 percent. In that same period, the stock market has gone up 10 percent.” [BI Sports]

Are The Rays Intentionally Sabotaging Attendance?

Attendance, Bill Foster, Stuart Sternberg 16 Comments »

In a recent letter to Stuart Sternberg, our very own Jordi Scrubbings expressed concern that the Rays are not doing enough to get fans to the ballpark. And now comes word that mayor Bill Foster may have accused the Rays of intentionally sabotaging attendance to better their position for a new stadium.

In a piece penned by David DeCamp and Michael Van Sickler of the St. Pete Times, the Pinellas County Commission Chairwoman recalled a conversation she had with Mayor Foster:

” ‘I believe that they are deliberately trying to hurt the team financially by not promoting it adequately,’” Latvala recalled Foster telling her.

Foster denied this allegation calling it “stupid” and “ludicrous.” However, he does acknowledge telling the Chairwoman that “he’s not seeing enough marketing by the Rays.”

But are the Rays intentionally sabotaging attendance? Probably not. But there is also evidence that they could be doing more to help.

Remember, a year ago we heard from Howard Bryant that Bud Selig “instructed Rays management not to make significant financial investments in the area until attendance indicators improve.” Marketing of the team would be one form of “investment in the area.”

This doesn’t mean the Rays are sabotaging attendance, but there are some that believe Major League Baseball has done this before. In another column by Bryant (a must read for any Rays fan), Bryant says MLB may have done the same thing with the Montreal Expos.

Talk to the people in Montreal who witnessed a careful succession of curious decisions that led to the depression and ultimate relocation of the Expos to Washington. Listen to the stories of how ownership did not market the club, how the team went as far as not providing street signage and directions to the ballpark in English as a way of discouraging attendance — an indirect strategy designed to facilitate a departure from town.

With the Rays, there is strange ticket pricing at Tropicana Field such as walk-up surcharges, complex tiered pricing, and stories of season-ticket holders being priced out of their seats despite a lack of demand.

But at the same time, the Rays may have the most extensive promotional schedule in Major League Baseball with giveaways and post-game concerts. And the team is still one of the most affordable in all of pro sports.

Like many things involving the Rays, you can probably find evidence on both sides of the issue if you look hard enough. So we will let you guys draw your own conclusions. But if the Rays are making decisions that hurt attendance, it means they are either incompetent or conniving. And it is hard to believe the Rays are ever incompetent.

Andrew Friedman Is A Part-Owner Of Rays, Likely Not Going Anywhere

Andrew Friedman, Matt Silverman, Stuart Sternberg 6 Comments »

Back in September, Stuart Sternberg referred to Andrew Friedman as a “partner” which led us to speculate that part of Friedman’s handshake agreement with Sternberg actually includes ownership in the club.

And now we get confirmation from Scott Miller of CBS Sports (via Twitter).

Andrew [Friedman] has a sweet deal with Rays including stake in club

This really shouldn’t come as a surprise. With any young company without a lot of money laying around that is looking to build its infrastructure, one way to entice the talent is with equity. And so it would make sense that Friedman (and probably Matt Silverman also) would be given a piece of the team in lieu of an actual large salary.

And all of the sudden, the idea of Friedman’s free agent status (he does not have a contract with Rays) and the thought of him leaving for another club doesn’t seem so scary.