Toggle sidebar

OT: Pirates Talk: Lets Play Ball

WheresRamziAbid said:
Theres a difference between profit/loss and cash flow. Generally because of depreciation/amortization.

For those that dont deal with financials a dumbed down version works like this:

Year 1: negative cash flow of 100 million due to big purchases/facility improvement etc. so you depreciate for 10 years and “only lose 10 million” in the p&l.

Year 2-10: 10 million positive cash flow, but breakeven p&l because of that depreciation.

The total stays the same over the length of the depreciation (10 million loss) but smoothed over 10 years.

Essentially, the certainly could have had positive cash flows but still overall losing money. BUT iirc the 2 mill loss reported was operating only (no depreciation or taxes) and it is unclear if they were using cba amt as an expense or the actual cash number.

Even if they did and it was a paper loss and cash gain, its making up for a past or future year where their cash will be lower than their on paper number. And confirmation that they have taken on debt over the past 5 years speaks to spending more cash that they are bringing in overal
Click to expand...
A good breakdown

And some of the vagueness you bring up about cash flows vs loss vs profit is why the DK report sucked. Because he brushed past a lot of details like those, which could change what the numbers are showing greatly.

The debt taken on, could mean something.. Or not. Because we don't have the actual details.

There's been zero concrete here is the ledger evidence of the whys or hows behind any of it.

I guess if as @Empoleon8771 suggested there's a conflict of interest with Pirates and DK, is this Nuttings way of bitching to the media without doing it himself? DK the mouthpiece of woe-is-me? Nutting is already the villain. If he's actually losing money, you know he better not be the one to say it in a press conference.
 
  • Like
Reactions: ChaosAgent
BusinessGoose said:
A good breakdown

And some of the vagueness you bring up about cash flows vs loss vs profit is why the DK report sucked. Because he brushed past a lot of details like those, which could change what the numbers are showing greatly.

The debt taken on, could mean something.. Or not. Because we don't have the actual details.

There's been zero concrete here is the ledger evidence of the whys or hows behind any of it.

I guess if as @Empoleon8771 suggested there's a conflict of interest with Pirates and DK, is this Nuttings way of bitching to the media without doing it himself? DK the mouthpiece of woe-is-me? Nutting is already the villain. If he's actually losing money, you know he better not be the one to say it in a press conference.
Click to expand...
All fair but with one caveat:

While i can change the numbers year to year, it doesnt change the overall outcome, its just shifting/smoothing for stability which allows for better big picture analysis.

I dont know much about the ins and outs of the local pittsburgh sports media but two things i know: DK is a douche canoe so nothing would totally surprise me, and Dk is a douche canoe so nothing would surprise me.
 
  • Like
Reactions: BusinessGoose
I don't remember the last labor negotiation details, but I would think those probably provided the last "accurate" numbers and everything else is at best educated guesses with a sprinkling of hard numbers from publicly available sources. I would think that if a third of the teams were losing money every year, the next CBA would see large changes.
 
Fogel said:
I don't remember the last labor negotiation details, but I would think those probably provided the last "accurate" numbers and everything else is at best educated guesses with a sprinkling of hard numbers from publicly available sources. I would think that if a third of the teams were losing money every year, the next CBA would see large changes.
Click to expand...

Its pretty hard to get large changes when you need a large contingent of owners and the players union all on the same page.

The only leverage small market ownser could use is a lockout but it hurts them far more than large market teams that can build a warchest.

I believe if the owners got their way there would be a salary cap but thats a hard no for the union, and has zero chance without a high floor. Which would exacerbate the issue with small market teams already losing money while spending even less. Which means there would need to be much higher revenue sharing just to keep teams afloat which is a hard no from the large market teams.

Its a rock/paper/scissors circle
 
  • Like
Reactions: BusinessGoose
Yeah they've gone so long without a salary cap, the divide is simply too large to fix.

You would have to actually cancel and redo contacts down, which, yeah no one will support lol

The pirates would lose all their players and get one soto in return. He would have to play five positions in the field and bat himself in from second, to even payrolls
 
BusinessGoose said:
A good breakdown

And some of the vagueness you bring up about cash flows vs loss vs profit is why the DK report sucked. Because he brushed past a lot of details like those, which could change what the numbers are showing greatly.

The debt taken on, could mean something.. Or not. Because we don't have the actual details.

There's been zero concrete here is the ledger evidence of the whys or hows behind any of it.

I guess if as @Empoleon8771 suggested there's a conflict of interest with Pirates and DK, is this Nuttings way of bitching to the media without doing it himself? DK the mouthpiece of woe-is-me? Nutting is already the villain. If he's actually losing money, you know he better not be the one to say it in a press conference.
Click to expand...
I do not think DK is a mouthpiece for the Pirates. He might have screwed up the financial reporting (I haven't read it so I have no idea) but he didn't do so to cover for Nutting. DK rips them constantly and has called for everyone to be fired and has actively supported the people calling for Nutting to sell the team.
 
  • Like
Reactions: BusinessGoose
I just don't understand how this team could be so incompetent that they can't even relay that information to people asking about it.

Time and time again they just get caught with their pants down rather than being proactive and transparent. That's not how well run organizations work.
 
  • Like
Reactions: Big McLargehuge
Why not start these early April games earlier? Nobody is going to show up either way lets be real.
 
The Bucco brick thing is a fiasco. It's unbelievable. So many people commemorate loved ones in their and make visits to them. Just when you think it can't get worse.
 
metalan2 said:
The Bucco brick thing is a fiasco. It's unbelievable. So many people commemorate loved ones in their and make visits to them. Just when you think it can't get worse.
Click to expand...
You did read the part where they're being replaced, right?

If they were cool, though, they would have given them away to the original donors and not just crushed them.
 
  • Like
Reactions: WheresRamziAbid and Factorial
You must log in or register to reply here.

Users who are viewing this thread

  • ... and 1 more.
    • Total: 9 (members: 6, guests: 3)

    Latest posts

    Ad

    Ad

    Top Bottom