Forbes on the Mariners
Forbes has an interesting article on the Mariners worth reading for some perspective on the team’s economic situation.
A lot of it won’t be a surprise to long-time USSM readers, but there’s still new information in here, particularly about the local economic impact of Ichiro-related tourism. Also lots of good stark figures about how huge their media deal with FSNW is, and how amazingly sweet their stadium lease is.
And fun facts like this, just after Armstrong is quoted saying “We don’t make money”:
By not bragging, maybe Armstrong hopes his players won’t ask for more money. The Mariners’ payroll last season was only $85 million, or just 50% of revenue. Teams with similar revenues, like the Dodgers, Cubs and Mets, all spent at least 57% of their revenue on players last year.
Two bits stuck out to me — “Ichiro trinkets adorn cell phones in Japan, where the Mariners’ theme song is a popular ring tone.”
The Mariners have a theme song? And not “The Mariners are playing hard-ball! Hit it again and again and again — hit it again!” What is it?
And in the sidebar, it sayd “For a small-market team, the Mariners do very well.”
I know it’s probably hard to believe, being out in New York and all, but there were three million people in the Seattle metro area last time the Feds published stats (check it out in my favorite Census publication ever in Excel or PDF). If you want small-market, you’re looking for Kansas City, or better yet Milwaukee (1.5m).
Anyway, check it out.