I don't know the actual rule, but I think the teams that pay the luxury tax would raise a stink.Let's assume they are pocketing all the shared revenue, Is there a requirement that owners who get revenue sharing have to spend it on the team?
Asking because I don't know.
There is, dont know the details but there is. Its been shown multiple times that owners arent taking out profits in either dividends nor salaries.Let's assume they are pocketing all the shared revenue, Is there a requirement that owners who get revenue sharing have to spend it on the team?
Asking because I don't know.
There is, dont know the details but there is. Its been shown multiple times that owners arent taking out profits in either dividends nor salaries.
CBA Requirement:
The CBA, which outlines the rules of baseball between the league and the players' union, explicitly states that clubs must use their revenue sharing receipts to improve on-field performance.
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"The Pittsburgh Pirates, according to information received by the players union and confirmed by several owners, are one of the most profitable teams in all of baseball, stashing a huge chunk of their revenue sharing monies instead of investing in their team year after year."
I'm shocked
Tldr version: It does . It reports losses post covid and small amounts of debt taken on during that time period.I never read DK's article but does this say the opposite?
The city can't tell a private entity what to do. I mean, they can threaten to not renew the lease if on-field performance and/or spending doesn't improve, or maybe pass some kind of law requiring "effort to maintain civic institutions" that'll be shot down in court, but then Nutting will tell them to f*** off and move the team to Nashville or wherever.There's been talk of the city and county forcing them to pay more on payroll with the next PNC Park lease renewal in 2030, but I doubt it will go anywhere.