I was updating the “Salaries” page with 2016 Forbes team valuation data and decided to see how some of the Minnesota Twins numbers stack up going back to 2010 when the team last made the playoffs. But first here is what the Forbes Twins profile states for 2016:
“Minnesota’s home attendance has fallen every season since the team moved into Target Field in 2010. During the ballpark’s inaugural season, average attendance was 34,287. Only 27,408 per game paid to come through the turnstiles last season. Likely reason: the Twins have the third-highest non-premium average ticket price ($33) in the American League, yet have posted only two winning seasons (2010, 2015) since moving into Target Field. Meanwhile, the team failed to win more than 70 games during each of the other four seasons at Target Field. The team’s relatively quiet off-season was highlighted by a four-year, $24.85 million investment in Korean slugger Byung Ho Park.”
|YEAR||TEAM VALUE /REVENUE||PLAYER EXPENSES||PLAYER EXP % of REVENUE|
Interactive Whiteboards by PolyVision
(Team value, revenue and player expenses are in millions)
The Twins team value has gone up every year, more than doubling from 2010 when they moved into Target Field, team revenue has also gone up every year but one when it stayed stagnant. From 2010-2016 the team has brought in $1.486 billion in revenue and the player expense for that time period comes out to $766 million which means that over these seven years the Twins spent 51.55% on player expenses.
But what does that really mean? Not much in my opinion because it depends on how the money is spent, you can spent 75% of your revenue on player expenses but if you are not getting good value for your money and you are paying for players not longer with the team, or for pitchers that can’t pitch or $23 million for an average player than the numbers mean nothing. But yet lots of people are interested in what ownership is spending on player salaries and expenses. It is not totally clear in the Forbes report what all falls in the player expenses category other than player salaries.
Bottom line of course is how many games you win and if you get in the playoffs where anything can happen. Since 2010 the Twins have appeared in the playoffs just once and their record between 2010 and today stands at 460 wins and 572 losses for a winning percentage of 44.57%.
Team owner Jim Pohlad, President Dave St. Peter and GM Terry Ryan have each said over and over again that it is not about the money and I truly do believe that. Jim Pohlad wants a championship on his ownership resume badly but that doesn’t mean that he wants to spend money foolishly either. So the question is, if it is not about the money then what is left in the equation? There are always the players, the coaching staff, and of course the management. We have changed players over and over again trying the old and the young but no luck there. The manager and the coaching staff were changed and yet the Twins team is marching straight towards a record-breaking bad season. That leaves the management, the President and the GM, the glue that keeps the organization headed forward or are they? One problem solving technique used over the years by many of us is if all else fails than change out one part at a time until the engine starts. BUT, you can’t fix the problem until you admit that you have a problem. What a sorry situation we Twins fans find ourselves in, and it is only June 10.