Twins Rumors

The Pohlad family decided to maintain its controlling stake in the Minnesota Twins when new investors emerged and gave the club a chance to pay down a significant amount of the team’s $500MM debt. That’s according to two members of the Pohlad family, executive chair Joe Pohlad and his brother Tom, who spoke to Bill Lukitsch of the Minnesota Star Tribune.

“That was really the driver,” Joe said, then revealing the $500MM number. Previous reporting had mentioned a debt of around $400MM or $425MM but it seems it was actually notable higher than those numbers.

The exact identities of the minority investors are currently unknown, as the Pohlads have not disclosed details, pending approval of the partnership by the league. The piece does mention that the investors are from Minnesota and the East Coast, though little is known beyond that. Once approved, Lukitsch notes that the deal will clear some of the debt and give the Pohlads more room to invest in payroll and stadium upgrades.

The family had been exploring a sale of the franchise since late last year, reportedly seeking $1.7 billion from investors. As mentioned, Joe said the debt was the main driver behind the intended sale. Tom also noted: “We never wanted to sell. But we also had to think about what’s in the best interest of the Twins, what’s in the best interest of the community.” With these minority investors, the Pohlads are going to hold majority ownership and hopefully pay down some or all of the debt.

Tom argued that the team’s middle market revenues “don’t necessarily support” a top-class stadium or a consistently high-performing team. Twins fans may not be satisfied with that explanation, although it is true that attendance at Target Field declined to roughly 1.8 million in 2025, compared to nearly 2 million in 2024. That figure was at 2.3 million in 2019 and has not fully recovered in the years following the pandemic.

Beyond ticket sales, the club’s regional sports network deal with Diamond Sports Group (now Main Street Sports) was not renewed after the 2024 season. This led Major League Baseball to manage the team’s broadcasts in 2025, a situation generally understood give clubs less revenue than a traditional RSN deal. Revenue pitfalls aside, Tom acknowledges that fans are right to be dissatisfied with the team’s performance. “It’s been 34 years since the World Series, and, up until 2023, 21 years since we had a playoff win,” he notes, “and that’s unacceptable.”

The Pohlad family has controlled the Twins since purchasing the team for around $40 million in 1984. Carl Pohlad, the family patriarch, was the original control person until his passing in 2009. He was succeeded by his sons and eventually his grandsons, the aforementioned Joe and Tom. Since the start of 1985, the team has a record of 2976-3295 (.475). The team won the World Series in 1991 but hasn’t had a ton of postseason success since then. Fans have generally criticized the Pohlads in recent years for a lack of spending in payroll as well as the lack of playoff success.

Heading into the final day of the season, the Twins have posted a record of 70-91 (.435), ranking fourth in the AL Central. The team fared better early in the season but fell out of contention by the trade deadline, leading many to expect a sell-off. However, the sell-off ended up being much more vast than anticipated. In addition to trading pending free agents like Chris Paddack, Harrison Bader, and Willi Castro, they also traded star closer Jhoan Duran to the Phillies and controllable reliever Griffin Jax to the Rays. They also shed significant payroll by sending Carlos Correa to Houston, with Minnesota responsible for $33MM of the $103.4MM remaining on his contract at the time of the swap. All told, the Twins traded away 10 big-league players and signaled the start of a rebuild for the franchise.

The decrease in spending has even extended beyond payroll cuts. Earlier this month, the club announced that they will not renew the contracts of four people on their pro scouting staff, leaving just one major league scout heading into the offseason. On the one hand, the cuts follow the trend of teams relying less on traditional scouting in favor of analytics. However, as reported by Dan Hayes of the Athletic, the team’s decision to pare back its scouting department was about cutting costs rather than analytics.

It’s currently not confirmed if the Twins plan on making further payroll cuts or if they now feel better about the financial picture. Pitching-wise, the team has Pablo Lopez and Joe Ryan under control through 2027, while Byron Buxton continues to lead the offense. The club also has four Top 100 prospects according to MLB.com, with outfielders Walker Jenkins (No. 14) and Emmanuel Rodriguez (No. 67) finishing this year at AAA. The Twins could try to put another competitive team together or they could target further spending cuts by making players like Lopez or Ryan available in trades this winter.

The Twins have eliminated four of the five jobs on their pro scouting staff, reports Dan Hayes of The Athletic. Ken Compton, John Manuel, Keith Stohr and Jose Marzan will not have their contracts renewed at the end of the current season. That will leave Wesley Wright as the club’s lone remaining pro scout.

As Hayes mentions in the article, cutting down on pro scouts is a league-wide trend. He uses the Cubs as an example, linking to a November 2024 article from Sahadev Sharma and Patrick Mooney of The Athletic detailing that club’s move to more analytics and less reliance on traditional scouting. Hayes writes that the Twins, like the Cubs, have been relying more on video in recent years with far less travel for in-person scouting.

However, even in that example, the Cubs dropped their pro scouting department to seven employees. That’s more than the five the Twins had this year, before dropping down to just one individual going forward.

The decision to rely more on analytics and less on scouting is one that is often debated in baseball circles, going back at least to the Moneyball days and surely even beyond that. However, Hayes says the Twins scaling back the department is about cutting costs, which is potentially ominous for the club’s future.

Money has been hovering around the Twins in many ways recently. The club’s regional sports network deal with Diamond Sports Group, now known as Main Street Sports, was not renewed after 2024. That left Major League Baseball in charge of the club’s broadcasting in 2025. Those league-run arrangements are believed to give clubs less revenue than a healthy RSN agreement.

Regardless, the club came into 2025 hoping to contend and they did so for a while. The Twins were in the playoff race for the early months of the current season but fell out of the race as the trade deadline approached. Many expected that the club would trade impending free agents with the goal of contending again in 2026 but the sell-off ended up being more notable than anticipated. In addition to the impending free agents, they also sold controllable players like Jhoan Duran and Griffin Jax.

From a financial point of view, the most notable trade was the one sending Carlos Correa to the Astros. Though the Twins ate some money in the swap, they moved the majority of his contract off the long-term books. He was owed approximately $103.4MM through 2028 at the time of that trade, with the Twins staying on the hook for $33MM of that. There were more marginal financial notes as well. For instance, the Twins included Randy Dobnak in the deal sending Chris Paddack to the Tigers, which was seemingly to save them the roughly $2MM still owed to Dobnak.

A couple of weeks after the deadline was another notable development. The Pohlad family, which had been pursuing a sale of the franchise, decided to take the club off the market. They were looking for about $1.7 billion, though reportedly were carrying over $425MM in debt. They didn’t seem to find anyone willing to meet their asking price and instead sold minority stakes to a pair of new parties. The infusion of cash from selling those stakes to the new partners will reportedly help pay down the debt somewhat, though it’s unclear to what degree. Hayes notes that the new owners haven’t yet been officially approved by Major League Baseball.

Going into the winter, it’s not confirmed which direction the club will go for the 2026 season. They did target a lot of MLB-ready talent at the deadline, including players like James Outman, Alan Roden, Mick Abel and Taj Bradley. That arguably points to the club hoping to remain relevant next year but the continued penny pinching doesn’t bode well.

If further cost-cutting is a priority, that presumably increases the chances of players like Pablo López or Joe Ryan being made available this winter. López is making $21.5MM annually through 2027. Trading him could be big savings for the Twins but would still have plenty of appeal for other clubs. Ryan is even more of a bargain as he’s still in his arbitration years. He is making just $3MM this year and will be owed a raise in the two coming campaigns before he’s slated to reach free agency after 2027.

Players like Ryan Jeffers, Bailey Ober, Trevor Larnach and Royce Lewis are also in their arb years and could be candidates for cost-cutting moves if that’s the road the Twins go down. Byron Buxton is the club’s other significant salary commitment, next to López, though he has a no-trade clause and has said he would like to remain a Twin for life.

Photo courtesy of Brad Rempel, Imagn Images