Baltimore Orioles has reportedly asked two young stars to take deferred money
Deferred money on player contracts isn't a new thing, but the Baltimore Orioles have reportedly tried to get two of the team's young, referee-able standouts to accept deferred money on one-year contracts.
This is a practice described as "strange" in a report by The Athletic's Dan Connolly and does not set the tone for the club's stability as it moved from 91-year-old owner Peter Angelos to his eldest son this off-season .
According to a report by Jeff Barker of the Baltimore Sun dated Oct. 30, Angelos is in poor health and there are at least three people interested in forming investment groups to bid for the team in the event that the 91-year-old's family changes this decides unload the team.
While the family continues to show no interest in selling the club, there are tax laws on the books that could allow a sale for Angelo's heirs after his death.
My story about Orioles' most recent cost-cutting attempt. Has not come to fruition. Nevertheless, it raised eyebrows in the industry: In order to reduce costs, Orioles Mancini, Santander https://t.co/4oq3kw9Geo, offered an “odd” salary deferral
– Dan Connolly (@ danconnolly2016) January 23, 2021
According to the report in The Athletic, both Trey Mancini and Anthony Santander were reportedly asked to move about a quarter of their salaries for 2021 to 2022, and possibly even 2023, in order to control the team's payroll.
The Orioles, like almost every other professional sports franchise, are feeling the effects of the pandemic-curtailed season, which slashed TV revenue and, in Baltimore's case, wiped revenue from the gate because cardboard clippings continued not to buy tickets to the stadium.
Mancini landed on a one-year contract for $ 4.75 million when he returned from the colon cancer treatment that cost him the entire 2020 campaign. Santander has an arbitration hearing scheduled for next month.
If the players had accepted the offers, the Orioles could have pushed back a large part of the salaries for the two young players into the next year and possibly into the year after, which would have given the club the chance to restore the revenue stream to a certain value bring normal.
It was a move no one seemed to believe had been tried before, but it wasn't Baltimore's first cost-cutting move this off-season. Nearly 50 front office employees on the business side have been laid off while shortstop Jose Iglesias and his $ 3.5 million salary have been sold to the Los Angeles Angels for the next season.
The team has also failed to advertise the right home of its 2020 infield, second baseman Hanser Alberto and first baseman Renato Nunez, both of whom had solid seasons for a club that finished fourth at 25:35 in the American League East.
Not to be precise, but the last time a Baltimore team tried to make so many budget cuts, the short-lived Baltimore Claws of the now-defunct American Basketball Association folded before the ABA's final 1975-76 season could even start according to the Remember the ABA website.
It's just not looking good for an owner group that has just gone through a transition. John Angelos, the eldest son of Peter Angelos, was approved as an inspector for the franchise in November, according to a report from the Baltimore Sun.
The Orioles built a strong club under manager Buck Showalter in the middle of the last decade, winning the AL East in 2014 and earning wildcard berths in 2012 and 2016. They rose to the ALCS in 2014, where they were swept away by Kansas City royals.
The team began to break apart after 2016, and the club slipped to 75 wins in 2017. The fire sale started in earnest in 2018 when the team ended up between 47 and 115. This was the second worst percentage of earnings (0.290) in franchise history and the worst since the club moved from St. Louis to Baltimore in 1954.
The 54-108 record the Orioles set in 2019 was both a seven-game improvement over the previous season and the second worst record since moving to Baltimore. So cost awareness isn't exactly a new situation at Oriole Park in Camden Yards.