Siberian Baseball

Tuesday, March 24, 2009

Marlins offically put down roots in Miami

The Tulsa Sound Machine.

Spokane Vice.

The Miami Marlins?

Monday marked the day that the Florida Marlins signed off on a new home and a new-ish name, as the Miami city council approved a stadium deal to take the Marlins out of Dolphin Stadium and give them a home of their own. Who says the housing market is tanking?

According to the Palm Beach Post:

The financial breakdown on the $634 million stadium plan is top-heavy for the county. Miami-Dade is on the hook for $297 million from tourist taxes, another $50 million from a separate bond referendum, and $12 million for road and utility repairs.

Miami pledged last week to spend $94 million on the parking structures, $13 million toward stadium construction, and $12 million for other improvements.

Miami will also operate the garage and pay the yearly debt payment, though the Marlins have agreed to buy most of the expected 6,000 parking spaces at between $10 and $12 over the 35-year stadium contract. The Marlins keep any profits made from selling those spots.

The Marlins will spend $120 million in the later years of construction, and pay the county back another $35 million of borrowed money.


Additionally, the team is penalized if it backs out of the deal early, with the city and county splitting profits on a descending scale for the next decade. If the Marlins ownership should choose to sell the team in the first year of construction, the city and county would split 70 prcent of the profits. The team retains all profits beginning in 10 years.

Good for them.

Also, as NPR pointed out this morning, the team is backing away from the trend to market to a region (the Minnesota Twins, New England Patriots or Los Angeles Angels of Anaheim) to try and snap up more merchandising revenue. The team will go from the Florida Marlins to the Miami Marlins, in a move that makes me like that team a little more, despite their participation in the 2003 post-season games that mentally crippled the city of Chicago for several years.

What really caught my eye was a throwaway line in the article, which read, "The Marlins, despite their winning ways, are consistently among the bottom in baseball in payroll and attendance."

While I guess all of those statements are true - counting two World Series titles as winning ways and not dwelling the low spots in between - it surprises me a bit that there's not a bigger fan following of the team. More than that, the Marlins seem to be caught in the middle ground after a series of fire sales following their championship runs that have to be damaging to the team.

While prior owners have cried poor (especially regarding the stadium issues) before selling off a winning team, hopefully this new deal helps to cut down on that. My only question is why south Florida needs a retractable roof, when Minnesota decided to pass on that option. Must be those balmy Minneapolis autumns I miss so dearly.

(Image from: Ballparks.com)

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2 Comments:

  • Miami definitely needs a retractable roof - while South Florida weather is pretty much perfect from December through April, it's completely unbearable in terms of heat and humidity in the summer (not to mention tons of rain).

    Of course, with the name change from "Florida" and "Miami", this all means that the Cubs will finally win the World Series in 2015:

    http://www.snopes.com/sports/baseball/bttf2.asp

    By OpenID frankthetank, At Tuesday, March 24, 2009 1:13:00 PM  

  • All we need is the change to the Gator logo...

    By Blogger Minneapolis Red Sox, At Tuesday, March 24, 2009 3:28:00 PM  

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