Archive for the 'Stuart Sternberg' Category

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.

A Letter to Stu Sternberg

Fans do silly things, Feed your mind, Stuart Sternberg, Tampa Bay Rays, Things that make us giddy, This bait tastes so good 26 Comments »

Dear Stu,

You might not know me. My name is Michael Lortz (aka Jordi Scrubbings) and I write here occasionally. I have also shared a season ticket package with friends or owned my own season ticket package every year since 2008. I’ve probably been to approximately 100 Rays games since 2008 and consider Game 162 of the 2011 season as one of the greatest moments of my life as a baseball fan. You and your operations people have done a fantastic job of transforming the on-the-field product since you came aboard and I commend you for that.

But I am not writing you to talk about baseball. I am writing you in regards to your connection with the fan base. I’m writing you because as a concerned fan it appears not enough people enjoy your product like I do. I believe you and the Tampa Bay Rays organization are not capturing the hearts and minds of the Tampa Bay area as well as you should.

Before I begin, let me address the elephant in the room and the inspiration for this letter. I know you are often asked by members of the media about the lack of attendance. Few writers in the mainstream can talk about the Rays without talking about us, the fan base, and those comments and questions eventually reach you. That they repeatedly ask doesn’t bother me. What bothers me are your answers. You have often spoken in a detached manner about us. Maybe enough of us haven’t met your expectations. But that doesn’t mean those who do go to the games, who do buy the merchandise, who do watch telecasts regularly deserve to be lumped in with those whose hearts you haven’t yet won over.

How about telling the media that the Rays have “the greatest fans in the world”, even if you don’t think it’s true? Like a woman, we respond well to compliments. Hearing from you that not enough of us go to games and that you might eventually move the team if we don’t get our collective butts to the ballpark is like telling your wife her dress actually does makes her look fat. It might be true, but you shouldn’t say it.

Although I am not privy to your behind-the-scenes discussions with players, coaches, and other personnel, I doubt you talk about them in the manner you discuss us. Have you ever said publicly that if BJ Upton or Evan Longoria or even James Shields don’t perform up to your expectations they will be moved out of the Tampa Bay area? If you don’t talk about your employees like that, please don’t make those comments about those who are supposed to buy your product. You don’t attract bees with vinegar, Stu.

Second, I would like to talk to you about Read the rest of this entry »

[THE HANGOVER] The One Where We Discuss More Vaporization, Damon’s Future, And The Bucs

Johnny Damon, Stuart Sternberg 5 Comments »
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Off-Season (click image for random Wikipedia page)

Even prior to Stuart Sternberg’s “vaporize” comments following the Rays elimination from the playoffs, he was already beating the relocation drum.

Prior to game three, Jon Paul Morosi asked Stuart Sternberg if the Rays would be playing elsewhere in ten years if there is not a new stadium by then.

“Ten years?”…He thought for a moment…“I would assume so,” he continued, nodding his head. “I would assume so.”

We have always said this situation would get uglier before it gets better. And the Rays are certainly not the first team to threaten relocation (although they might be the first to threaten vaporization, but we digress). And there are teams that have come very close to moving before getting 11th hour deals on a new stadium.

Should we worry? Yes. Should we panic? Not yet.

THE JUNKYARD DOGS WEBTOPIA

In Letter To Fans, Sternberg Says Team Is Committed To Finding Solutions

Attendance, Stuart Sternberg 39 Comments »

Rays owner Stuart Sternberg made comments in the locker room following the Rays elimination from the playoffs in which he suggested that the Rays are being held back by the lack of ticket sales, and indicated that if things don’t improve, the team would either move or be contracted.

Today, Sternberg addressed those comments and the ensuing criticisms in an email sent to season ticket holders (thanks to those of you that forwarded the letter).

In the letter, which can be read below, Sternberg doesn’t back down from his comments, saying it would be “disingenuous” to suggest everything is fine with the team. However, he does want it known that he is not complaining or blaming the fans.

Sternberg adds that the organization is “committed to doing all that [they] can to find solutions.”

We can quibble over whether the Rays are truly doing everything they can. But the lack of effort by the Rays to open any dialogue whatsoever with the city of St. Pete on the stadium issue seems to contradict this notion. At least that is the appearance on the surface.

As fans, we just want to know that Rays want to stay in the area. The rest is just details. But when there is no dialogue between the two sides, and the only word we hear on the issue all season  is “vaporize,” it is hard for us to be in an understanding mood. Read the rest of this entry »

Maury Brown: Rays Fans Don’t Deserve Team

Bud Selig, Stuart Sternberg 65 Comments »

If you are a masochist and want to read 1,000 words about how much we suck as a fan base and how much Tampa and St. Pete suck as sports towns, then you should head over to Biz of Baseball, and read Maury Brown’s latest piece.

It reads like an article somebody would write if they wanted a job at ESPN.com. This isn’t the first time Brown has bashed Rays fans. And it is just the same stuff we hear from all talking heads that don’t do any research and just regurgitate numbers they hear on Sportscenter.

[Update: As was pointed out in the comments, Brown was a member of the Portland Baseball Group that failed to bring a Major League Baseball team to Portland, Oregon. So when he says "fans in other markets would die to have a team [like the Rays],” he is speaking from first-hand experience. We’ll let you guys decide if that adds any bias to his writing.]

We are going to reserve further comment and just give you the highlights lowlights…

On contraction:

No, Tampa Bay, you’re safe. But, that doesn’t mean you deserve the Rays. Only by luck are you keeping the team. If the opportunity to relocate or contract the club were available, as fast as you can say, “Bud Selig”, I’m betting they would.

(translation: nobody in their right mind would want a baseball team in Tampa Bay area)

On fans and their priorities:

Fans in other markets dream of an owner and GM the likes of which the Rays enjoy. Tampa Bay yawns, goes to bed early, or flips on a sitcom.

(translation: you don’t care)

On Rays fans that don’t write about the team:

The Rays may have some of the finest writers – both mainstream and new – covering them, but the ones that matter the most – the average fan – are below average. They just aren’t there.

(translation: the fans suck, but I hope the writers will still like me)

On why the excuses are stupid:

There will be apologists that will use the location of The Trop. There are fans that will say it’s the economy. Horse pucky. If it were the economy, the television ratings wouldn’t have crashed harder than a rock falling from The Trop’s roof. And, even if the location is poor (and it is), at least the bandwagon would have shown up in the last week of the regular season, but they didn’t.

(translation: who cares if local TV ratings were 5th in baseball just last year and that they are still good. And location of the stadium doesn’t matter. Even if it does! And a 40 percent increase in fans per game over the last seven home games (~26,000) is a crappy bandwagon! Go talk to the Red Sox, those guys know how to bandwagon!)

On being the next Montreal Expos:

Tampa Bay, your name is apathy. You are the last years of the Montreal Expos in terms of attendance with the team being 1994 before the strike (for the record, the Expos averaged 24,543 in the shortened 1994 season. The Rays in 2011 averaged 18,878).

(translation: the stadium’s location still doesn’t matter, even if it does! And the Rays owners would be better off moving the team to Montreal!)

Here’s to the Rays organization. You’re putting up with more than you should, but you have no choice, and that’s a pity.

(translation: we should feel sorry for millionaire owners that only make millions each year instead of tens of millions. Who cares if most fans are struggling to pay their mortgage. But unfortunately, nobody will take your team away from you, so the rest of us have to suffer.)

See? No comments needed.

[Update: since this post went up, Brown has added a paragraph in which he acknowledges that there are some passionate fans, "just not enough." He also added a line at the end in which he says Stuart Sternberg shouldn't bash the fans.]

With Corpse Still Warm, Sternberg Blames Loss On Attendance, Suggests Team Could “Vaporize”

Attendance, Stuart Sternberg 115 Comments »

*Deep Breath*

The last couple of days were a whirlwind for the Rays and their fans. In the span of about 24 hours, the team went from tied 1-1 with the Rangers and coming home, to eliminated from the playoffs. And while we knew Stuart Sternberg and Mayor Bill Foster were tabling their discussion of a new stadium until after the season, we didn’t think that meant five minutes after the final out

“I am frustrated this year…We’ve replicated last year [on the field] and our attendance numbers were down 15 percent and our ratings were down. The rubber has got to meet the road at some point here…This is untenable as a model going forward…When I came in here in ’05 and ’06, I saw the stars, and I was confident that we could put a winning product on the field — and I was told by you guys and others that all we needed was a winning team…Well, we won. We won. We won. And we won. And it didn’t do it.”

He’s frustrated. That is understandable. Still, it seems like a strange time to point that out after selling more than 63,000 tickets to a pair of afternoon games on short notice. After all, it is not like fans were making plans to attend playoff games two weeks ago.

But then Sternberg took it a step further. He suggests that the Rays might have done better in the playoffs if attendance was better…

“When you’re sitting here at this point and you lost by a run, you know another X dollars might have changed things…Three or five million wouldn’t have changed things necessarily but 15 to 30 might have. That’s where we were. And for the foreseeable future that’s what we’ve got.”

We can all have that same discussion we always have about whether or not the Rays are really making money, and whether or not Sternberg should be spending more money. We are not sure that is important right now.

Rather, this all just sounds like typical Read the rest of this entry »