Jul 2, 2014, 9:45 AM EDT
Eric Fisher of Sports Business Journal reports that the single-A Dayton Dragons are being sold by current owner Mandalay Baseball to a company called Palisades Arcadia Baseball. That’s not a big deal. Minor league teams sell all the time. What is a big deal is the price: $40 million, which Fisher says is the highest price ever paid for a minor league team.
Now, the Dragons are not your run-of-the-mill minor league teams. As Fisher notes, they have the longest sellout streak in the history of U.S. sports. They set the record in 2011 with their 815th straight sellout. It’s still going strong. In May they sold out their 1,000th straight game. While only a Midwest League team, their ballpark holds over 8,000 fans, which means that they draw more than just about every minor league team at every level. Usually only one or two Triple-A teams do better in overall attendance.
But still: sellouts or not, they are just a single-A team that can only charge single-A prices for tickets, beer and big foam fingers. Making that $40 million price tag pretty darn incredible. To put it in perspective, the Steinbrenner family bought the Yankees for $8.7 million in the early 70s. Current Phillies’ ownership bought that team in 1980 for $30 million. Current Twins ownership bought the team in 1984 for $44 million. Major league franchise prices have gone through the roof, but it wasn’t too terribly long ago when the price the Dragons’ current owners are getting was what you might expect to pay for a big league club.
May 23, 2015, 10:47 PM EDT
Brian Matusz is the second lefty reliever to be ejected for having a foreign substance on his arm.
May 23, 2015, 10:40 PM EDT
The Marlins were considering upgrading their bullpen with Jonathan Papelbon.
May 23, 2015, 9:58 PM EDT
Josh Hamilton will be added to the Rangers’ roster on Monday.
May 23, 2015, 9:25 PM EDT
Paul Konerko was honored before Saturday’s Twins/White Sox game as his number 14 was retired.
May 23, 2015, 8:35 PM EDT
Yasmani Grandal was hit by a backswing on Friday and will spend at least a week on the bench to recuperate.
May 23, 2015, 7:45 PM EDT
A pair of previously injured and aging first basemen have performed well as baseball’s second month nears its conclusion.
May 23, 2015, 6:59 PM EDT
The Nationals are trying to get into the heads of the Phillies by playing soft music during batting practice at Nationals Park.
May 23, 2015, 6:01 PM EDT
The Houston Astros used a 5-4-3 triple play to get out of a jam against the Tigers on Saturday.
May 23, 2015, 5:28 PM EDT
Ben Zobrist reqired arthroscopic surgery on his right knee on April 28, but he’s set to rejoin the Athletics sooner than originally anticipated.
May 23, 2015, 4:51 PM EDT
Here’s something you don’t see very often.
May 23, 2015, 4:13 PM EDT
Justin Verlander is ready to take the next step in his long road back from a right triceps strain.
May 23, 2015, 3:01 PM EDT
Wright has been sidelined since April 14 and he’s not close to rejoining the Mets.
May 23, 2015, 2:15 PM EDT
Mesoraco has been dealing with a hip injury all season and surgery could be next.
May 23, 2015, 1:20 PM EDT
Tanner Roark posted a 2.85 ERA across 31 starts last season, but the Nationals moved him to the bullpen after signing Max Scherzer to a huge contract over the winter. That depth is coming in handy now that Doug Fister is sidelined.
May 23, 2015, 12:59 PM EDT
Cueto has been bothered by “general stiffness” dating back to his last start on Tuesday.
May 23, 2015, 11:43 AM EDT
Things are really ugly with the Marlins right now, both on and off the field.
May 23, 2015, 11:15 AM EDT
The Dodgers knew about Ryu’s labrum tear before signing him to a six-year, $36 million contract in December of 2012.
May 23, 2015, 10:29 AM EDT
Miranda, 25, pitched in Cuba’s Serie Nacional from 2007-2013 and posted a 3.78 ERA over 64 starts and 16 relief appearances
May 23, 2015, 9:40 AM EDT
The Marlins have lost eight games in a row and are now 0-5 under new manager Dan Jennings, but at least Dee Gordon is doing some cool things.
May 23, 2015, 8:57 AM EDT
A quick recap of a busy Friday around MLB, including the rolling Royals.
- Brian Matusz was ejected for having a foreign substance on his arm 0
- Josh Hamilton will join the Rangers on Monday 4
- UPDATE: David Wright diagnosed with spinal stenosis 14
- Settling the Score: Friday’s results 39
- Video: Mike Trout makes a ridiculous slide to beat the tag at third base 14
- Cuba’s best pitching prospect is on his way to America 21
- Will Smith suspended for eight games for the foreign substance on his arm 62
- Will Smith’s ejection once again shows baseball’s silly approach to foreign substance rules 49
- And That Happened: Wednesday’s scores and highlights (133)
- Bryce Harper on Marvin Hudson ejection: “I don’t think 40,000 people came to watch him ump” (131)
- Bryce Harper ejected for second time in a week (122)
- GM Dan Jennings to be named the Marlins new manager. And it’s a terrible idea. (111)
- And That Happened: Tuesday’s scores and highlights (101)