The Red Sox 2024 “Total BS” Tour begins Monday with Truck Day.
The conventional 18-wheeler will likely be changed by the pink pickup from “Sanford and Son.”
And a half-dozen golf carts.
Pitchers and catchers maintain their first exercise at Fenway South on Valentine’s Day.
The bloodbath begins March 28 in Seattle.
John W. Henry’s Strategic Sports Group and the PGA Tour Wednesday introduced a deal through which SSG will pump as much as $3 billion right into a brand-new-for-profit entity known as PGA Tour Enterprises.
It consists of as much as $1.5 billion in fairness for PGA Tour gamers.
Good information for Tiger Woods.
But a triple-bogey for Red Sox followers.
The Local Nine has been relegated to the again 9 of the Fenway Sports Group spreadsheet.
FORE! More like FIVE! in terms of the Red Sox projected end within the AL East.
It’s poetic that Henry & Co. purchased into the PGA Tour for the reason that Red Sox needs to be golf-course
eligible by Labor Day.
They selected the fairways of TPC Scottsdale over the outfield at Fenway.
Among these in on this deal: Tom Werner, Sam Kennedy, and Celtics proprietor Wyc Grousbeck.
Belmont native and former FSG worker Jay Monahan stays as PGA Tour CEO/Errand Boy.
How billionaires select to spend their cash is clearly their alternative. But when you personal the Red Sox, slash payroll, flip Fenway Park right into a home-away-from-home for Blue Jays followers, end in final place thrice in 4 years, and lose Xander Bogaerts and Mookie Betts for principally nothing, you will be known as out everytime you select to drop 9 figures on golf golf equipment.
At least Wyc put his father’s cash into the Green Team’s newest run at Banner 18. Jaylen Brown’s supermax contract extension is the richest in NBA historical past, price $304 million. Jayson Tatum’s deal subsequent summer time will prime it.
The Celtics haven’t been thought-about “cheap” since Paul Gaston took over from his dad. If you need to discover Henry lately, your search is straightforward.
1. In his cryogenic chamber
2. On his spouse’s Instagram feed
3. In a PGA Tour press launch
“We greatly appreciate the opportunity to join PGA Tour players in this important next phase of the PGA Tour’s evolution. Our enthusiasm for this new venture stems from a very deep respect for this remarkable game and a firm belief in the expansive growth potential of the PGA Tour. We are proud to partner with this historic institution and are eager to work with the PGA Tour and its many members to grow and strengthen the game of golf globally,” Henry mentioned within the official launch.
That’s 80 phrases, in line with my Arlington Public Schools schooling and Microsoft Word. It’s additionally 80 extra phrases than Henry has mentioned on the file in regards to the Red Sox since final March.
Tuesday, we discovered 2023 fan-favorite Justin Turner agreed to a one-year take care of the Blue Jays price $14 million. The Red Sox reportedly provided $12 million. Turner was the one right-handed dwelling run menace within the Red Sox 2023 lineup. Why spend $2 million when it can save you $12 million?
“Full throttle” seems to be the most important lie this aspect of “showed interest.”
The 2024 “Total BS” beginning rotation is shaping up as Lucas Giolito, Brayan Bello, Nick Pivetta, Kutter Crawford and Tanner Houck. So say the baseball insiders. Chris Sale went right down to Georgia. He’s searching for one other ring to steal.
Five aces? Try a full home with threes and fours.
This Feckless Fivesome averaged 143.2 IP in 2023. Over a full season, that’s lower than 5 innings per begin, figuring 30 begins. Alex Cora will burn via his bullpen faster than Gov. Healey spending the state’s sports activities betting income.
The Red Sox have turn into nothing greater than a stripped-down ATM for his or her house owners.
But don’t be fooled into considering reducing payroll is a prelude to a sale.
“Carrying less payroll is irrelevant, because for a buyer, there is no value to be created from it.”
That little bit of knowledge comes from a reader who “works in the investment business.” He is a real-life Bobby Axelrod, having managed real-life billions. Whatever wage the group does or doesn’t carry would merely be factored into its worth. In the identical manner a brand new roof provides each worth and value to a house.
“In a sale you do not get credit for underinvesting in an asset. It is counterintuitive. They increase short term cash flow by not spending but decrease the value of the business at the same time. Look at the stock market, the growth companies that make no money are the ones with huge valuations. Investors know in the future these companies will be huge and profitable,” “Bobby” defined.
“Like if you bought Google 25 years ago. The PE multiple was huge, but the stock has gone up like 100x since then, and the company is hugely valuable. Meanwhile, a supermarket business might have way more cash flow, but it isn’t growing, so only gets 10 PE on that cash flow, and is not worth nearly as much. Cash flow that isn’t growing, or is slightly shrinking, is not valuable. That is what the Red Sox are now. The cash flow is valuable to the owners, who use it to buy other things. They could invest into the Red Sox and try to turn themselves back into Google. But then they would not have the cash flow to buy other things. Right now, they prefer the other things.” he mentioned.
MassLive reported Monday the Red Sox have about $36-37 million to spend earlier than reaching the Competitive Balance Tax threshold this season. They gained’t. $36-37 million buys numerous Titleists.
As Henry informed us in the course of the Winter Weekend/Peasant Uprising of 2023: “It’s expensive to have
Pro golf excursions, not a lot.
Bill Speros (@RealOBF and @BillSperos on X) may be reached at [email protected]