Baltimore Orioles cost-cutting effort not an excellent indication for organization
Baltimore Orioles reportedly asked 2 young stars to take deferred cash
Deferred money in player agreements isn’t a brand-new thing, but the Baltimore Orioles apparently tried to cause two of the team’s young, arbitration-eligible standouts to accept deferred money on 1 year agreements.
That is a practice that was referred to as “odd” in a report from Dan Connolly of The Athletic and it doesn’t set an excellent tone for the stability of the club as it has actually transitioned from 91-year-old owner Peter Angelos to his eldest boy this offseason.
Angelos remains in poor health, according to an Oct. 30 report from Jeff Barker of the Baltimore Sun and there are at least three individuals with interest in forming financial investment groups to bid for the group must the family of the 91-year-old decide to unload the group.
While the household continues to reveal no interest in offering the club, there are tax laws on the books that could make a sale for Angelos’ successors after his death.
According to the report in The Athletic, both Trey Mancini and Anthony Santander were reportedly asked to shift about a quarter of their 2021 salaries to 2022 and possibly even into 2023 as a method to manage the team’s payroll.
The Orioles, like practically every other franchise in professional sports, are feeling the impacts of the pandemic-shortened season that significantly cut tv profits and, in Baltimore’s case, eliminated gate receipts, because cardboard cutouts continue to not buy tickets to get into the stadium.
Mancini wound up opting for a 1 year deal for $4.75 million as he returns from treatment for colon cancer that cost him the whole 2020 project. Santander has an arbitration hearing arranged for next month.
If the players had chosen the offers, the Orioles might have pressed back a big piece of the incomes for the 2 young players into next year and potentially the year after that, giving the club a chance to get income streams back to some semblance of regular.
It was a move no one seemed to believe had actually been tried in the past, however it wasn’t the very first cost-cutting step by Baltimore this offseason. Almost 50 front office workers on the service side have actually been laid off, while shortstop Jose Iglesias and his $3.5 million salary for next season were traded to the Los Angeles Angels.
The group also non-tendered the starting best side of their 2020 infield, 2nd baseman Hanser Alberto and very first baseman Renato Nunez, both of whom had solid seasons for a club that completed 4th in the American League East at 25-35.
Not to put to fine a point on it, but the last time a Baltimore group tried to cut this numerous monetary corners, the short-lived Baltimore Claws of the now-defunct American Basketball Association folded prior to the ABA’s last season in 1975-76 might even begin, according to the Remember the ABA site.
It’s simply not an excellent try to find an ownership group that has actually simply gone through a little a shift, with John Angelos, the oldest child of Peter Angelos, approved in November as the controlling officer for the franchise, according to a Baltimore Sun report.
The Orioles developed a strong club in the middle of the last decade under supervisor Buck Showalter, winning the AL East in 2014 and earning wild-card berths in both 2012 and 2016, advancing to the 2014 ALCS, where they were swept by the Kansas City Royals.
The team began to be disintegrated after 2016, with the 2017 club slipping to 75 wins. The fire sale started in earnest in 2018 as the team completed 47-115, the second-worst winning portion (.290) in franchise history and the worst since the club relocated to Baltimore from St. Louis in 1954.
The 54-108 record the Orioles assembled in 2019 was both a seven-game improvement from the previous season and the second-worst record because moving to Baltimore. So the cost-consciousness isn’t precisely a new scenario at Oriole Park at Camden Yards.