Jul 2, 2014, 9:45 AM EST
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.
Jan 29, 2015, 10:50 PM EST
High-spending teams like the Yankees and Red Sox are among the favorites to sign Cuban infielder Yoan Moncada, but the Rays are also interested even if it’s fair to call them a long shot.
Jan 29, 2015, 9:21 PM EST
Beachy is currently 10 months removed from the second Tommy John surgery of his career.
Jan 29, 2015, 8:02 PM EST
Cotts compiled a 2.84 ERA in 131 appearances with the Rangers over the past two seasons.
Jan 29, 2015, 7:04 PM EST
Billingsley hasn’t pitched in the majors since undergoing Tommy John surgery in April of 2013.
Jan 29, 2015, 6:45 PM EST
Add another name to the list of fifth starter candidates for the Braves.
Jan 29, 2015, 5:42 PM EST
Nava requested $2.25 million and the Red Sox countered at $1.3 million.
Jan 29, 2015, 3:30 PM EST
I guess it’s better than snakes. Or wasps.
Jan 29, 2015, 3:15 PM EST
Santiago spent last season with the Reds, hitting .246 with a .667 OPS in 75 games.
Jan 29, 2015, 2:31 PM EST
Belisario was awful for the White Sox last season, allowing 46 runs in 66 innings.
Jan 29, 2015, 2:04 PM EST
This is funny. But also insightful.
Jan 29, 2015, 1:00 PM EST
Does this man look like he’d be a friend of a guy like Pete Carroll? Welp, he is.
Jan 29, 2015, 12:45 PM EST
He’ll work with union chief Tony Clark.
Jan 29, 2015, 12:30 PM EST
We can, from now and forever, refer to Werth as the “The Nationals’ ex-con right fielder.”
Jan 29, 2015, 11:30 AM EST
Brad Pitt was too young to portray him, though. Maybe Kevin Kline could’ve?
Jan 29, 2015, 11:22 AM EST
Good luck, Devin.
Jan 29, 2015, 10:39 AM EST
Kris Bryant of the Cubs tops the list.
Jan 29, 2015, 10:15 AM EST
Francisco Rodriguez? Rafael Soriano?
Jan 29, 2015, 10:01 AM EST
He’s gonna get big pushback from the LOOGY union, but is the idea a good one?
Jan 29, 2015, 9:09 AM EST
Baseball should never fear innovation. But not all new rules are, by definition, innovation.
Jan 29, 2015, 7:58 AM EST
A glimpse into the future, you guys.
- Jayson Werth to serve five days in jail for reckless driving 42
- Keith Law’s top 100 prospects list is out 37
- Great Moments in Media Arrogance: Marshawn Lynch edition 166
- Nationals sign former Blue Jays closer Casey Janssen 11
- Ichiro Suzuki’s deal with the Marlins is worth $2 million 34
- Orioles acquire outfielder Travis Snider from Pirates 37
- Not so fast on the Bud Selig Hall of Fame talk 50
- Blue Jays sign president and CEO Paul Beeston to extension through 2015 26
- Great Moments in Media Arrogance: Marshawn Lynch edition (166)
- Rob Manfred, new Major League Baseball commissioner, suggests ban on defensive shifts (118)
- Why “Deflategate” would never happen in baseball (96)
- The Yankees are going to try to get out of paying A-Rod his contract incentives (83)