The Worst Team In Baseball Is A Money-Making Machine

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		Home Tech Finance Markets Politics Strategy Entertainment Advertising Retail Sports Life Tuesday, Aug 27, 2013 The Worst Team In Baseball Is A Money-Making Machine The Houston Astros are on pace to lose 108 games this season. But that won't keep the team from producing an operating income of $99 million, the largest in baseball history according to Forbes.com. Astros owner Jim Crane, who purchased the team in 2011 for $680 million, disputed the report, claiming the team will actually have "expenses that are higher than revenues." However, even if the exact numbers are disputed it is east to see that the Astros should be doing well financially. The value of the franchise has skyrocketed in recent years, according to Forbes.com's valuations. That growth is due in large part to a new television contract that will eventually be worth $80 million per year once Comcast is in all homes in the Houston market, according to David Barron of the Houston Chronicle. Despite that growth, the Astros' opening day payroll this year was just $26.1 million and after several players were moved to other teams, the current payroll is just $13 million with only one player (Eric Bedard, $1.2 million) making more than $1.0 million. Even if the operating income is not what Forbes.com claims, that is quite a disparity between the value of the team and what they are paying the players... Read » Also On Sports Today: Iceland's National Soccer Team Fired Off This Salty Statement After A Player Chose To Play For The US Instead Johnny Manziel Saw An Alcohol Counselor During His Heisman Season Advertisement CHART: The Real Reason Why Some People In Baseball Are So Desperate To Get Rid Of Alex Rodriguez Tiger's Start At The British Open Looks Very Familiar (And That's Not A Good Thing) CHART: In Sports Television There Is The NFL And There Is Everything Else Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Sports RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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