For an interesting bit of history on baseball and money, have a peak at this piece from Baseball Nation's Larry Granillo on the value of baseball's broadcasting rights back in 1961. Let's take a look at some business-related notes from around today's game …
- The Astros are not, in fact, the most profitable team in baseball history, writes Maury Brown of Forbes. An earlier Forbes article had made the surprising assertion that baseball's worst team had shorn payroll to earn an unprecedented amount of money, leading to a sharp rebuke from the club. As Brown explains, the original piece contained significant factual inaccuracies, primarily regarding Houston's TV income.
- Meanwhile, the 'Stros are looking to continue increasing their international presence in Venezuela, according to Brian McTaggart of MLB.com. The organization is investigating the possibility of registering a full or partial Astros squad in the Venezuelan Parallel League. As McTaggart notes, Houston was the first MLB team to open a baseball academy in Venezuela, and over the years has signed such productive big leaguers as Johan Santana, Bobby Abreu, and Freddy Garcia from the South American nation. (Interestingly, only Abreu ever played for the Astros, registering 234 uneventful plate appearances before he broke out with the Phillies.)
- The Giants have been forced to pay over $500k in back wages and damages to various clubhouse and administrated employees after violating various employment laws, the Associated Press reports (via ESPN.com). Over three years, the U.S. Department of Labor said, San Francisco failed to comply with federal minimum wage, overtime, and record-keeping standards.
- Triple-A baseball will stay in Buffalo through at least 2016 after the Blue Jays extended their affiliation today, reports Shi Davidi of Sportsnet.ca (links to Twitter). GM Alex Anthopoulos said that the partnership had "gone exceptionally well" and that Buffalo was "the perfect fit."
