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.
Jul 29, 2015, 12:19 PM EDT
At least to the extent you can have a bidding “war” over a two-month rental.
Jul 29, 2015, 11:51 AM EDT
Oh, and the Marlins gave away a draft pick too.
Jul 29, 2015, 10:47 AM EDT
Miami is 42-58.
Jul 29, 2015, 10:30 AM EDT
Two homers, two games in a row and five in his last four games.
Jul 29, 2015, 10:15 AM EDT
He won’t be closing this time.
Jul 29, 2015, 9:55 AM EDT
Jul 29, 2015, 9:37 AM EDT
And why on Earth did Bobby Cox wear a cup for every game? What was he possibly expecting?
Jul 29, 2015, 8:59 AM EDT
Saves = money for relief pitchers and Storen is gonna get a lot fewer saves now.
Jul 29, 2015, 8:30 AM EDT
Reached base five times too.
Jul 29, 2015, 7:28 AM EDT
Your mileage may vary, but for my money the ugliest game of the year happened last night.
Jul 28, 2015, 11:22 PM EDT
Alvarez served as the Marlins’ Opening Day starter …
Jul 28, 2015, 10:05 PM EDT
Red Sox center fielder Mookie Betts tracked down a hardly hit ball from White Sox slugger Jose Abreu on Tuesday night but lost it when he fell into the bullpen …
Jul 28, 2015, 9:32 PM EDT
Martinez was inducted into the Hall of Fame on Sunday.
Jul 28, 2015, 8:40 PM EDT
Hamels would join Dallas Keuchel and Scott Kazmir in an excellent, postseason-ready Astros rotation.
Jul 28, 2015, 7:47 PM EDT
Angels center fielder Mike Trout went 4-for-4 with two homers and five RBI in Sunday’s series finale against the Rangers, but he also suffered a left wrist injury in that game when he tried to make a diving catch …
Jul 28, 2015, 6:54 PM EDT
In a span of about 10 minutes the Angels landed two outfielders …
Jul 28, 2015, 6:30 PM EDT
This time it’s for both Stanozolol and Boldenone.
Jul 28, 2015, 6:16 PM EDT
Papelbon owns a sparkling 1.59 ERA and 40/8 K/BB ratio in 39 2/3 innings this season for the Phillies, and he’s 17-for-17 in save opportunities.
Jul 28, 2015, 4:30 PM EDT
Voters who are more than 10 years removed from covering the game will no longer get to vote in Hall of Fame elections
Jul 28, 2015, 4:17 PM EDT
Hamels threw a no-hitter against Cubs on Saturday.
- Dodgers acquire Mat Latos and Michael Morse from Marlins 11
- Why do managers wear uniforms anyway? 26
- And That Happened: Tuesday’s scores and highlights 41
- Astros “making a strong effort” for Phillies ace Cole Hamels 31
- Angels acquire outfielders David Murphy and David DeJesus 24
- Jenrry Mejia gets 162-game ban for second failed PED test 50
- Nationals, Phillies agree to Jonathan Papelbon trade 64
- The Hall of Fame just made a MAJOR change to the Hall of Fame voting process 76
- The MLBPA is considering withholding cooperation with ESPN, Fox over Colin Cowherd’s comments (157)
- The Cubs are in discussions with the Phillies on Cole Hamels (146)
- Colin Cowherd wonders how baseball can be considered “complicated” if Dominicans can understand it (129)
- Major League Baseball rips Colin Cowherd in an official statement (123)
- Settling the Scores: Wednesday’s results (106)