Red Sox and Entercom agree to a 10 Year 200 Million Dollar Broadcast Contract

[jsinger121]

The deal with Entercom (WEEI/WRKO) is for 10 years at 200 Million dollars. Its the richest Radio contract in MLB History.

 

http://www.beloblog.com/ProJo_Blogs/SoxBlog/archives/2006/05/sox_weei_agree.html

[TheRivernator]

wow. That is quite a contract...

[jsinger121]

This contract will allow the sox more money on player development along with signing free agents.

[TheRivernator]

This contract will allow the sox more money on player development along with signing free agents.

 

no it won't. It will allow Henry to line his pockets with money that should go into FA signings.

[MANNYHOF24]

no it won't. It will allow Henry to line his pockets with money that should go into FA signings.

 

Your stupid, of course this will give the sox more money in FA. Just because we didnt sign Damon doesnt mean we wont sign other major FA. Damon was 32 with a bum shoulder, it was a good move not to give Damon 4-52, the only mistake is my estimation was not resigning Pedro, however they still gave Clement 30 Million dollars so its not like they werent willing to spend. They just didnt want to commit 4 years to a pitcher whos shoulder could blow out on any pitch.

[MANNYHOF24]

The deal with Entercom (WEEI/WRKO) is for 10 years at 200 Million dollars. Its the richest Radio contract in MLB History.

 

http://www.beloblog.com/ProJo_Blogs/SoxBlog/archives/2006/05/sox_weei_agree.html

 

Wait I thought Weei was out of the race, I guess not

[TheRivernator]

Your stupid, of course this will give the sox more money in FA. Just because we didnt sign Damon doesnt mean we wont sign other major FA. Damon was 32 with a bum shoulder, it was a good move not to give Damon 4-52, the only mistake is my estimation was not resigning Pedro, however they still gave Clement 30 Million dollars so its not like they werent willing to spend. They just didnt want to commit 4 years to a pitcher whos shoulder could blow out on any pitch.

 

if you cannot see it then the media has spun you away. The simple ones always fall first. Let me preface this with, there is nothing wrong with making money off your team, absolutely nothing. BUT, the sox have shown that they are very money conscious. The only reason why Lucchino is with the sox is because he maximizes revenue. He was a pioneer in the building of the RF grandstands, the new club whose name escapes me, and I believe the monster seats as well, although that may have been the previous regime. With all the added cash flow and with the sox winning the world series (and subsequent major in flow of cash) the sox continued to raise prices yet keep payroll the same or pare it. They were very frugal in their signings, passing on resigning Petey and Damon for cheaper alternatives. Like I said, there is NOTHING wrong with making money, but with an increased inflow to these owners, the likelihood of it being pumped back into the team is slim. The general consensus was that the sox would have a payroll under 100 mil by the time Manny's contract expires. You'll see how low the sox FO will let the salaries go while upping prices for fans and skimping on the FA market. They were lucky though, because last yrs market was pretty poor so they didnt have to face the media flack for not getting another player. This offseason, there are some real big names coming loose so we'll see if Theo gets the okay to add. Don't get me wrong, the sox have built their team the right way with an emphasis on the future, but don't delude yourselves into thinking that any extra revenue will call for a salary jump. It will cause for a cash jump in the pockets of Henry and Lucky Larry, thats about it...

[jsinger121]

So a team with a 125-130 million dollar payroll is really pocketing cash and not putting it back into the team or player development. Riv just focus on your own team because the sox have put cash back into this team. The sox don't need to spend to ridiculous amounts of upwards of close to 200 million to compete. Its all how you spend the money and the sox didn't want to give damon his contract because he was on the wrong side of 30.

[redoctober]

if you cannot see it then the media has spun you away. The simple ones always fall first. Let me preface this with, there is nothing wrong with making money off your team, absolutely nothing. BUT, the sox have shown that they are very money conscious. The only reason why Lucchino is with the sox is because he maximizes revenue. He was a pioneer in the building of the RF grandstands, the new club whose name escapes me, and I believe the monster seats as well, although that may have been the previous regime. With all the added cash flow and with the sox winning the world series (and subsequent major in flow of cash) the sox continued to raise prices yet keep payroll the same or pare it. They were very frugal in their signings, passing on resigning Petey and Damon for cheaper alternatives. Like I said, there is NOTHING wrong with making money, but with an increased inflow to these owners, the likelihood of it being pumped back into the team is slim. The general consensus was that the sox would have a payroll under 100 mil by the time Manny's contract expires. You'll see how low the sox FO will let the salaries go while upping prices for fans and skimping on the FA market. They were lucky though, because last yrs market was pretty poor so they didnt have to face the media flack for not getting another player. This offseason, there are some real big names coming loose so we'll see if Theo gets the okay to add. Don't get me wrong, the sox have built their team the right way with an emphasis on the future, but don't delude yourselves into thinking that any extra revenue will call for a salary jump. It will cause for a cash jump in the pockets of Henry and Lucky Larry, thats about it...

 

 

Your perception is a bit distorted. You don't even understand Theo's philosophy for building and sustaining this franchise. This year's team is full of stopgaps because next year is when more of the prospects will start being brought up (Pedoria, Hansen etc.). With that in mind, come 2008-2009 there will be very little need to go out and make trades or sign FAs to construct the team. Most of the players will be on a home town discount which is why the payroll will be significantly lower. So theres nothing wrong with being wise with your money. At least we don't have a front office that wants to sign Torri Hunter after they've signed Damon.

[jsinger121]

Your perception is a bit distorted. You don't even understand Theo's philosophy for building and sustaining this franchise. This year's team is full of stopgaps because next year is when more of the prospects will start being brought up (Pedoria, Hansen etc.). With that in mind, come 2008-2009 there will be very little need to go out and make trades or sign FAs to construct the team. Most of the players will be on a home town discount which is why the payroll will be significantly lower. So theres nothing wrong with being wise with your money. At least we don't have a front office that wants to sign Torri Hunter after they've signed Damon.

 

 

In theory that is the plan but that does not always work as all prospects don't pan out so the Red Sox will still need to fill some holes via free agency and this new contract will allow even more money to do that along with having the extra money in order to spend on the international market along with the MLB draft in which they can draft tough signs and have the money to sign them.

[ORS]

Saying that none of the new revenues will be spent on players is pure speculation, and saying it will only line Henry's pockets is outright mud-slinging. I don't think they are overly concerned with money, but I do see them as concerned with value. There is a difference between the two. Despite the example being set in NY, this team, like every other team in the league seems to have a little respect for the luxury tax threshold (which ultimately needs to be included in FA signing price to determine value).

[Dana Kiecker]

I think the " home town discount" theory is long gone. The last guy who gave one of those now calls his " home" Cincinatti.

[Sox Fan on Cape]

if you cannot see it then the media has spun you away. The simple ones always fall first. Let me preface this with, there is nothing wrong with making money off your team, absolutely nothing. BUT, the sox have shown that they are very money conscious. The only reason why Lucchino is with the sox is because he maximizes revenue. He was a pioneer in the building of the RF grandstands, the new club whose name escapes me, and I believe the monster seats as well, although that may have been the previous regime. With all the added cash flow and with the sox winning the world series (and subsequent major in flow of cash) the sox continued to raise prices yet keep payroll the same or pare it. They were very frugal in their signings, passing on resigning Petey and Damon for cheaper alternatives. Like I said, there is NOTHING wrong with making money, but with an increased inflow to these owners, the likelihood of it being pumped back into the team is slim. The general consensus was that the sox would have a payroll under 100 mil by the time Manny's contract expires. You'll see how low the sox FO will let the salaries go while upping prices for fans and skimping on the FA market. They were lucky though, because last yrs market was pretty poor so they didnt have to face the media flack for not getting another player. This offseason, there are some real big names coming loose so we'll see if Theo gets the okay to add. Don't get me wrong, the sox have built their team the right way with an emphasis on the future, but don't delude yourselves into thinking that any extra revenue will call for a salary jump. It will cause for a cash jump in the pockets of Henry and Lucky Larry, thats about it...

 

The Red Sox are a business ( privately owned limited partnership ). As such, one of their prime directives is the maximization of profit. However, it is not the only one. Certainly, asset management must also be considered. This due to the major effect it has on the market value of the business. So what are assets and how are they managed ? To some its the players ( roster ). But you must also factor in the minor league system, scouting, etc. Another obvious consideration is the physical assets, in this case Fenway Park ( as well as other property acquisitions ). Management has done a fantastic job of making improvements to an old ( be it beloved ) Fenway Park. Let's take a look at some.

 

Improvements to Physical Assets :

 

.....Infield Field Box Seats : Added 2-3 rows of Field Box seating between the dugouts.

.....Green Monster Seats : Added 3 rows, standing room, luxury box, concessions, etc.

.....Bleachers Concourse : Added an expanded concourse and rest rooms.

.....Players Facilities...... : Added totally new facilities for players, batting cages, video, weight room, doctor/trainer, players lounge, etc.

.....Outside Concourse... : Added the outdoor access to Yawkey Way before, during and after games. Where you can eat, drink, shop, have a smoke, and still watch the Sox.

.....Budwieser Deck....... : Added both table seating and a bar on the right field roof.

.....Removed 406 Club... : Replaced 406 Club and Infield Roof Box with the EMC Club, the Pavilion Club, Pavilion Seating,standing room, new restaurants, rest rooms, and better seats.

 

So lets see the Sox ( under John Henry ) have improved Fenway by providing more seating, better fan and player accommodations,, and repaired the structural integrity of the building. This wasn't done for free.

 

Red Sox Players......... : The Sox have made the play-offs the last three years ( while winning a WS ), they have drastically improved their farm system in terms of talent, scouting, and facilities ( the Academy in the Dominican, etc. ). Not resigning Pedro and Damon came down to cost and length of contract. We'll see what happens in years three and four. But its a business decision called risk analysis.

 

Revenue Streams ........ : The Sox have a controlling interest in NESN, however their income is structured so the that only the broadcasting rights count against revenue sharing ( same as the Yanks with the Yes network ). This is a smart business move. The Sox rarely miss an opportunity to cash in on these. Examples would include, "Official" Red Sox sponsorships, Red Sox Nation cards, and franchise fees ( example Mass Lottery ). Then there's the new radio contract. They got this because of the high demand and interest in the Red Sox.

 

 

Good Will............................. : The Red Sox have always had interest and public demand. In the last five or six years it has been phenomenal. What is our number of consecutive sellouts ? Tickets sell at premiums that are gladly payed. This translates to additional revenue for broadcasting rights and for market value.

 

 

In summary, the Red Sox owners and management have done exactly what any good management team would do. They have increased profitably, product, and market value.

[Sox Fan on Cape]

The Red Sox are a business ( privately owned limited partnership ). As such, one of their prime directives is the maximization of profit. However, it is not the only one. Certainly, asset management must also be considered. This due to the major effect it has on the market value of the business. So what are assets and how are they managed ? To some its the players ( roster ). But you must also factor in the minor league system, scouting, etc. Another obvious consideration is the physical assets, in this case Fenway Park ( as well as other property acquisitions ). Management has done a fantastic job of making improvements to an old ( be it beloved ) Fenway Park. Let's take a look at some.

 

Improvements to Physical Assets :

 

.....Infield Field Box Seats : Added 2-3 rows of Field Box seating between the dugouts.

.....Green Monster Seats : Added 3 rows, standing room, luxury box, concessions, etc.

.....Bleachers Concourse : Added an expanded concourse and rest rooms.

.....Players Facilities...... : Added totally new facilities for players, batting cages, video, weight room, doctor/trainer, players lounge, etc.

.....Outside Concourse... : Added the outdoor access to Yawkey Way before, during and after games. Where you can eat, drink, shop, have a smoke, and still watch the Sox.

.....Budwieser Deck....... : Added both table seating and a bar on the right field roof.

.....Removed 406 Club... : Replaced 406 Club and Infield Roof Box with the EMC Club, the Pavilion Club, Pavilion Seating,standing room, new restaurants, rest rooms, and better seats.

 

So lets see the Sox ( under John Henry ) have improved Fenway by providing more seating, better fan and player accommodations,, and repaired the structural integrity of the building. This wasn't done for free.

 

Red Sox Players......... : The Sox have made the play-offs the last three years ( while winning a WS ), they have drastically improved their farm system in terms of talent, scouting, and facilities ( the Academy in the Dominican, etc. ). Not resigning Pedro and Damon came down to cost and length of contract. We'll see what happens in years three and four. But its a business decision called risk analysis.

 

Revenue Streams ........ : The Sox have a controlling interest in NESN, however their income is structured so the that only the broadcasting rights count against revenue sharing ( same as the Yanks with the Yes network ). This is a smart business move. The Sox rarely miss an opportunity to cash in on these. Examples would include, "Official" Red Sox sponsorships, Red Sox Nation cards, and franchise fees ( example Mass Lottery ). Then there's the new radio contract. They got this because of the high demand and interest in the Red Sox.

 

 

Good Will............................. : The Red Sox have always had interest and public demand. In the last five or six years it has been phenomenal. What is our number of consecutive sellouts ? Tickets sell at premiums that are gladly payed. This translates to additional revenue for broadcasting rights and for market value.

 

 

In summary, the Red Sox owners and management have done exactly what any good management team would do. They have increased profitably, product, and market value.

Rivernator, I'd like to see your response. It is not a personal attack.

[BoSox21]

Just because management isn't spending money foolishly doesn't mean they're not spending money. How can anyone say management isn't investing money into the roster when we took on the contracts of Beckett and Lowell without giving up anything from our every day roster?

[YAZMAN]

no it won't. It will allow Henry to line his pockets with money that should go into FA signings.

 

As opposed to The Felon, who can put the franchise's books in the red because he lines his pockets in the shadows of the docks.

[jsinger121]

Its now deemed official as the Sox will be moving down the dial to WRKO from WEEI. Both stations are by entercom.

 

http://www.boston.com/sports/baseball/redsox/articles/2006/05/08/red_sox_to_change_radio_stations/

[TheRivernator]

As opposed to The Felon, who can put the franchise's books in the red because he lines his pockets in the shadows of the docks.

 

he puts money into the team. Payroll + Stadium....

[americantrotter]

I hope this means less popularity for that bad excuse for a sports station WEEI. (Yes I know they are the same company, I am hoping the distance helps)