In a stunning and out-of-the-blue announcement, the Twins on Friday parted ways with longtime president of baseball operations Derek Falvey. General manager Jeremy Zoll will ascend from the team’s No. 2 spot on the baseball operations hierarchy to the top position (though his title is not changing). Executive chair Tom Pohlad offered the following statement within today’s press release:
“Over the past several weeks, Derek and I had thoughtful and candid conversations about leadership, structure, and the future of the club. We reached a shared understanding that the needs of the organization are evolving and that a leadership transition is the best way to move forward. I want to thank Derek for everything he has contributed to this organization. When he joined the Twins nine years ago, it was, in many ways, a watershed moment for this franchise. His leadership was transformational. He helped modernize every aspect of our baseball operations and led with strong values, intention, and purpose. Derek created a culture grounded in learning and in the belief that organizations grow when people grow. Under his leadership, the Twins captured three division titles and made four postseason appearances. We are grateful for his dedication, his integrity, and the impact he made here.”
Falvey offered his own statement:
“Following a series of thoughtful conversations with Tom that began after the ownership transition and progressed over the past few weeks, we both agreed this was the right time for us to part ways. Ownership transitions naturally create moments for reflection and honest dialogue about leadership, vision, and how an organization wants to move forward. Over the past several weeks we had those conversations openly and constructively and ultimately reached a shared understanding that this was the right step both for the organization and for me personally. … On a personal level, I’m looking forward to taking some time to be with my family, reflect and consider what comes next. I don’t have specific plans yet, but I’m grateful for the experiences I’ve had here and excited about the next chapter when the time is right.”
Falvey was hired to lead Minnesota’s baseball operations following the 2016 season. Originally given the title of “chief baseball officer,” he hired Thad Levine — who stepped down and left the Twins last offseason — as general manager underneath him. That pairing led the Twins for the next eight years, with Falvey twice being extended and eventually being given the “president of baseball operations” moniker.
Last winter, after Levine left the club, the Twins announced that Zoll would be elevated to the GM position. Falvey stayed on as the president of baseball operations and actually took on an even larger role, picking up president of business operations Dave St. Peter’s responsibilities when St. Peter stepped down and moved into an advisory role. The dual president titles for Falvey seemed to make him entrenched with the Twins for the long haul; to see him not only cede baseball operations oversight but leave the club entirely just 15 months later is genuinely shocking.
Of course, quite a bit has changed with the Twins since Falvey’s ascension to president of baseball and business operations. St. Peter’s decision to step down came not long after the Pohlad family announced its intent to explore a sale of the team. The Twins thought they had a buyer lined up in Justin Ishbia, co-owner of the NBA’s Phoenix Suns and a minority owner of the division-rival White Sox. Momentum toward that sale fell through, however, when the White Sox offered Ishbia a path to increase his stake in the club and eventually purchase the majority stake from current owner Jerry Reinsdorf (several years down the road).
The Twins never found a buyer for the majority share of the club, due largely to reported debt in excess of $400MM (on top of what was said to be a $1.7 billion asking price). Instead, they welcomed in a trio of minority stakeholders who purchased their shares at that $1.7 billion valuation, thereby cleaning up a significant portion (if not the entirety) of the debt. Craig Leipold, owner of the NHL’s Minnesota Wild, was the most recognizable name among the new stakeholders.
The Pohlad family retained majority ownership of the team, continuing its four-decade run, but there were still changes made. Joe Pohlad, the nephew of predecessor Jim Pohlad and grandson of the late Carl Pohlad (who originally purchased the team in 1984), was removed from his position as executive chair after just three years. Tom, his older brother, assumed the executive chair role and was approved by the league as the team’s new control person. He’s now temporarily assuming Falvey’s duties as president of business operations, though this morning’s press release indicates that the Twins will immediately commence a search to bring in a new president for the business side of their operations.
The Twins have had an up-and-down run in the American League Central during Falvey’s time as their baseball operations leader. On the surface, parting with the president of baseball operations after a 92-loss season and in the midst of an ownership shakeup doesn’t sound all that surprising. And, had this move taken place immediately following the season, it presumably would not have been all that eye-opening.
However, the timing of the move makes it borderline unprecedented. Teams don’t make baseball operations shifts of this magnitude two weeks before spring training commences and when the heavy lifting of an offseason has (presumably) already taken place. As The Athletic’s Aaron Gleeman notes, the Twins just held their annual media luncheon one week ago; Falvey was the keynote speaker.
Further details and comments from Twins brass will surely continue to filter out in the days, weeks and months to come. It’s not yet clear whether the change in baseball operations leadership will prompt a change of trajectory with regard to the roster. Falvey has previously been vocal about his desire to keep stars Byron Buxton, Pablo Lopez and Joe Ryan, even after last July’s deadline sell-off. One would assume he and Zoll were aligned on that front, but it’s at least possible now that a different lead voice will give way to a different strategy. If nothing else, other clubs are going to circle back to check in with Zoll about the potential availability of those veterans (and, presumably, catcher Ryan Jeffers, who is entering his final season of club control).
On the other side of the coin, Minnesota’s payroll currently projects for just $108MM, per RosterResource. That’s about $30MM shy of last year’s levels and miles below the club-record payroll from 2023, when the Twins approached $160MM. Ownership isn’t going to push spending back to that level, but it’s possible that Zoll is more amenable to bringing in further veteran pieces than his former boss was.
In the immediate aftermath of the leadership shuffle, there’s no clear way to glean just what the change will mean for the Twins’ roster, but today’s announcement stands as the latest development in what has been the most tumultuous two-year stretch for the Twins organization since they were nearly contracted in the early 2000s.
Why is it a surprise? The Twins have underperformed expectations every year.
Foo – The timing is the surprise. Normally you let the Top Dawg go at the end of the regular season or the start of the offseason, not shortly before ST.
The timing is a surprise. But I’m guessing that if it was “mutual”, it may have just been he expressed his frustration of not having more support to do more. He obviously wasn’t given much of anything financial to work with, and the reports of them checking in on Peralta, it could be he was also told no on big trades. After some discussions about his disappointment in being hampered to not have any room to make moves, they may have just decided it was best to part ways.
The timing is not by accident. The Minnesota Vikings also sacked their GM this morning, plus there’s the ongoing ICE and CBP occupation of Minneapolis.
brew – Yeah but he’s known since the trade deadline the Twins were cutting payroll, they traded almost everyone.
Lol… that stuff has zero to do with running the franchise. You’re trying to conflate things that have zero to do with one another.
Oh yeah what’s going on in the streets of Minneapolis has total bearing on how two major sports teams run their front offices. Can’t be as simple as the Twins and Vikings sucking after crippling their teams with bad roster moves.
Is it an occupation if you’re outnumbered 100 to 1 by the actual threat?
The actual threat is the people of Minneapolis just living their lives?
It is if the “1” has no moral compass, but lots of fire power!
And well deserved. Illegal is illegal
The legal ones yes. Attacking a federal officer is stupid
Attacking fascists is always the right thing to do.
I don’t blame him. I don’t know how anyone can succeed running the Twins baseball ops right now. A front office needs a certain level of certainty. The Rays and As FO knows they will have a low payroll every year. They know their ownership. The same the opposite way with the Dodgers and Yankees knowing their ownership and their giant payroll. The Twins between changing ownership and the TV revenue and payroll issues how are you supposed to plan the next 5 years out? Ownership gave permission to spend big on Correa only to immediately pivot and demand payroll cuts.
Not a surprise, but it was “thoughtful”
I know. Could it be any more obvious that the same person wrote both of those press releases? At least change the language up a little bit.
He was making too much money.
I mean all of them do,
I’d love to make too much money! Hasn’t happened yet.
We should give ourselves a raise.
It seems pretty obvious that whatever you do, you make too much money. Tell your boss you want a cut in pay.
Falvey on the other hand ran a department with over 300 employees that created over $300 million in annual revenue. He was paid fairly.
I forgot that Falvey ran both Baseball Ops and Business Ops, so double or triple that number of employees
Imagine if they fired him because they didn’t like that he wanted to keep Buxton and Lopez
“Mutual” parting of ways always means one person in the agreement didn’t want the parting to happen.
Exactly. I don’t believe that it’s mutual for a second. If anything, Cheapo Pohlad got bamboozled this morning when Falvey walked into his office and said “peace out, good luck on the year” and left for fun in the sun in Mexico.
“you are fired, get it?”
“I do”
“see we agree”
Usually its code for one party saying the other sucks but they’d like to maintain an ideal relationship to appease season ticket holders
Correcto. Did he jump or was he pushed?
I disagree, there can be “mutual”. One side has to initiate the conversation, but that doesn’t necessarily mean both sides don’t want it.
This was exactly the case for me last time I changed jobs. I had zero desire left to be at my previous employer which had become quite toxic and dysfunctional, but didn’t want to commit to the idea of living on savings for an unknown amount of time so my plan was to secure a new job offer from somewhere else first and then resign. Turned out they didn’t want me any more than I wanted to be there myself so they beat me to the punch and fired me. Just because they started the conversation doesn’t mean that it wasn’t the outcome I wanted in the end anyway.
So did you get a new job?
Lol, yes. Took about 6 weeks. I was fine. Better than fine. Wound up in a better role with a 25% pay bump and more flexible working arrangements. Glad somebody cared enough to hear the end of the story lol.
I cared too but Darryl beat me to it 🙂 congrats!
According to most reports today, Falvey initiated the conversation about the direction the team was headed and whether the team was going to bring in a head of business operations. When Tom Pohlad said we are cutting the baseball operations department back to the bone and cutting major league payroll even more, Falvey said “peace, out. Oh yeah, and make sure my check doesn’t bounce while me and my family are taking a nice long vacation. Not having to work 80+ hour weeks running both baseball ops and business ops will be a nice change and getting paid to not do it for a year is even better.”
It would be my guess that Byron Buxton, Pablo Lopez and Joe Ryan are gone asap. Probably Jeffers, too. That would be $50 million off the payroll for 2026 if some team will eat all of Lopez’s salary.
Lopez has 2 years and 43.5m left on his deal. Plenty of teams would trade value to take that. His contract is not underwater. Fangraphs projects him for 3.3 WAR, 22nd pitcher in baseball.
Other articles have brought into question his trade value because of his injury last season. I do believe you are right that some team will give up valuable prospects to acquire him.
Hell if the Red Sox hadn’t signed Suarez I would’ve been very interested in them trading for Lopez. He is a very underrated pitcher.
Mets sure would.
I agree. Lopez and Ryan are good as gone. Possibly Buxton too
Dirty – Toxic and dysfunctional?
Damn, I didn’t know you worked for the Red Sox!
Ha! Could you imagine? I’m a financial analyst by trade so I can’t deny that living in that world drove my interest in getting into the business and economic side of the game alongside just being a baseball fan for the game itself. I wouldn’t last a week working for Henry though, I’d be in his ear constantly telling him to quit being afraid to go big when the circumstances call for it!
There’s a great story about how John Barr got his first job in baseball in 1984:
“I met Joe (McIlvane) when the Mets were in town to play the Astros, and we just talked about some of the players on the field before the game, sharing some observations,” Barr said. “He asked me if I would consider working in professional baseball, and I told him, “don’t kid about that.’” Barr had a critical choice to make: stick with Merrill Lynch or follow his dream.
He’s in the scouting hall of fame.
Thank goodness. He was the Pohlads’ lap dog for way too long and tried to convince Twins fans that they were actually trying when they clearly weren’t.
Good riddance.
Correa contract fallout. All FO personnel involved are gone; owner, gm, president of baseball, president of business ops and Correa himself.
Team has been the most up and down franchise over the last few years/seasons. Hopefully the new leadership can end the seesaw
It’s tough to be competitive when you’re 24th in payroll out of 30 teams. It can be done but really tough. You can’t keep trading your star players away.
The only reason they’ve been able to be respectable is the division they’re in, where they are not notably low in payroll.
Trading replaceable bullpen arms and journeymen to get top prospect pitching isn’t a bad thing
They will end the seesaw, but not in the way fans are hoping. It’ll be all down for a while.
I say good riddance as well. However, as long as the Pohlad’s have control that position will always be “head lap dog”.
You are really going to enjoy what happens next when they trade Byron Buxton, Pablo Lopez, Joe Ryan, and Ryan Jeffers and fight with the White Sox for last place. Should be a fun time to be a fan in the Twin Cities.
Skip, I’ve been thinking that too but wouldn’t the union have a fit if their payroll goes much lower?
I doubt the Pohlad family cares. The most that can happen is the union filing a grievance. There is no formal penalty associated with not having a high enough payroll. Only one team has been told by the other owners to spend more or lose revenue sharing.
HopefulTwinsFan:
I would expect the lapdog mentality will continue. I don’t think rearranging the chairs on the Titanic does anything.
“Jeremy Zoll will ascend from the team’s No. 2 spot on the baseball operations hierarchy to the top position (though his title is not changing).”
That means they will be searching for another POBO, maybe later but eventually.
Will they, though? Could be Pohlad figured out a way to save an extra couple million dollars a year by firing the team president and then eliminating the position…
Pike – If that was the case, then why hire Levine or Zoll for the GM position? He could have just replaced Falvey with Zoll last year.
Hamstrung by team payroll, but hardly doing a job within those confines.
4 playoffs in 9 years is outstanding for a low budget team.
And yet, they almost always get smoked.
I watched the Mariners under Jack Zdurencik. He had 7 years to end the drought and never did. Next guy Dipoto took another 7 years to finally scrape up a wild card team, then they fumbled for 2 more years before finally barely scraping their way to a division title. I’ll take 4 early playoff exits in 9 years over just 3 playoff berths in the last 25 years.
This was when they were getting a new stadium and games were close to being sold out. Plus their payroll was higher back then. Trading stars for lottery ticket prospects is never a good thing. Big market teams take the stars and low budget teams always end up with the prospects. How does this usually turn out?
They traded some relievers last year for guys like Taj Bradley and Mick Abel. Those two are more than lottery tickets. They had already made it to the major leagues.
That certainly doesnt sound mutual to me…
Maybe Tom Pohlad is a big fan of Julien?
Hopefully the Twins are better after this.
Byron Buxton, Pablo Lopez, Joe Ryan, and Ryan Jeffers are almost certainly gone as soon as Zoll can find a trade partner. Falvey was the one fighting to keep them. The Twins will not be better in the short term, meaning the next 2 or 3 years or longer.
It probably needs to happen though. It takes 26 players to win 90+ games and make it, but if your stars aren’t quite starring enough in the big moments then you’ve gotta shake it up. Buxton can’t ever stay on the field consistently, Lopez and Ryan aren’t aces, Jeffers isn’t giving them top notch defense. They have a bunch of other holes as well.
Mets had to turnover the roster because it wasn’t good enough either. 2 wild cards in 7 years. However because Cohen isn’t a cheapskate he immediately reloaded.
St. Peter, Levine and Falvey all gone in less than a year and a half as the team is going in the wrong direction is an indictment on ownership, plakn and simple.
Of course it’s terrible ownership. They just went through a palace coup last month, changing out the head of the org and bringing in minority partners to straighten the books. Falvey should have been canned then if they didn’t like his plan. They kept him, so the plan was good enough for a transition year at least. Nothing has changed in the past five weeks, so why can him now? they still have a few necessary moves to make to finish up the roster (eg bullpen) so how could this possibly make things better at this moment?
My guess is Falvey took the budget he was promised, put together a move or two in the past couple days and went for approval to spend the money and they said no. (Or he arranged a trade of Ryan or Lopez and was told no.) That probably led to a larger discussion of what he could or could not do, and it went poorly so everything burned down.
And since we’re guessing here I imagine there will be a major change in direction soon that reflects what Falvey was not allowed to do, either spend money or trade big names. GMs, to your phones.
It’s hard to say. My guess is Falvey wanted to make more moves and was told no, not enough money and just said no.
That means the new ownership group didnt want to go in the direction he wanted and instead of firing him, they made some ridiculous ask or demand about performance and he said F you. So this way the “mutually” agree he gets fired.
Buh-bye, Failvey!
Strange timing. Right after the international signing window opens and just before ST.
Did Falvey spend too much money, or not enough this winter? Strange timing for sure
This is the right question, but with the Pohlads I think we all already know the answer.
Falvey had been fighting to keep Buxton, Lopez, and Ryan to put a competitive team on the field so the answer is he spent too much. The Pohlad kids and grandkids couldn’t put more cash in their pockets if he kept those players. Have you looked at their FO structure? They have a half dozen or more Pohlads on the payroll. Hard to fund that much nepotism if you are spending anything on payroll.
Welp, if you could fire the owner then you’d actually punish the ones responsible for this tire fire. Since you can’t fire an owner, the owner found a scapegoat.
As a senior manager (not sports), i can say that this is a foolish move. There is so much chaos on this team that some stability is called for,, not more chaos. The failure to find a buyer, firesale of players last year, and turnover at the top all point to a dysfunctional organization. I’m beyond delighted that they play in my team’s division!
I completely agree with you, but I’ll say the same thing to you I’m saying to exultant Twins fans: be careful what you wish for.
If this team ever gets their collective head out of their collective posterior they have enough young talent on the verge of graduating that they could be very good very quickly. The idiotic stepping back from a good 2023 roster followed by such a profound sell-off last year was wild given a division that was pretty winnable in those years. DET and KC remain a Skubal/Witt injury away from 78 wins, so stepping into this race isn’t nearly like keeping up with the big dogs.
One wonders who made the key decisions for the flash sale of players at the deadline last year. There’s got to be a back story to this, maybe remorse from the past, maybe a disagreement about the future. MN is looking forward to a CBA lockout?
Pretty mediocre tenure, one of the easiest divisions in sports to have success in.
Twins fans have to be happy about this right?
Yes, but we’ll only fully celebrate once the Pohlads are completely out of the ownership picture.
No. This is prelude to a further sell-off
Please have a mutual agreement to sell the team Pohlad punks. Getting rid of St Peter for the most part was great but he still lurks. Falvey probably already has another job and who could blame him. Been a Twins fan since 61, worked for them during both championships, till the early 2000’s, and am just sick. I don’t blame Falvey for saying to hell with it. He just joined the fans.
St Peter has been away for ages. This has been Falvey’s baseball operation for nine years. But he’s been whipsawed by goofy lurches in ownership commitment and budget so it’s hard to hold him accountable for everything that’s occurred. Some, but not all. I agree that he’s probably just exhausted by now.
The Pohlads have to go, or at least sell enough of the team to not get a say in its operation. These guys are not the business folks that built that family fortune and it shows every time they stumble into the light and make another move. Clown shoes operation, bro.
(One of my favoriet Bryce Harper lines ever.)
St Peter just retired a year ago as head of business operation. I worked for him in the front office.. He once called a front office meeting to vote on what cookies to have in our employee lunch room. He announced the Twins would spend money if stadium was approved. I moved on to two different teams, each of whom have one World Series. I have one more ring than my friend Rollie Fingers. No St Peter is still around and some advisory situation
Check your facts.
The Padres seem to sign everybody to an advisor position in their front office.
I like the White Sox to the overtake the Twins in their division. See the Angels holding steady leaving the Twins as the worst team in the American League for 2026.
Lopez and Ryan gone at the trade deadline.
Twins might even challenge the Rockies for MLB worst.
Lasagna, do you mean “undertake” instead of overtake? As in, call the undertaker, the Twins are done!
Finally. The Correa signing was the kiss of death and the unbalanced roster followed by the cheap Pohlads have doomed this franchise.
If you fire the man in charge, that usually is a sign its an Uh-Oh. The thoughtful thinking was most likely…we are selling the team.
The real issue is ownership, I have little patience for ownership that demands GMs wear a straight jacket of their design yet produce competitive teams consistently
Falvey wanted a competitive club, Pohlad did not.
Regardless of how fans felt about Falvey this is likely bad news for the fans.
Falvey has been trying to keep the club competitive and spend any money he can. That’s not what the Pohlad’s likely want.
Zoll was put in place to do what the Pohlad’s want without questioning them.
Falvey and the FO have generally made more bad moves than good movies, unfortunately. They usually did just enough to sell some season tickets but never enough to actually field a truly competitive team.
Time to trade Buxton to the cubs. Let him play for a winner
76 games for a winner…
Sounds like Falvey made a demand of ownership and said he would leave if they didn’t agree, and they called his bluff. I don’t blame him. That sounds like a complete dumpster fire of an ownership situation, both within and outside the Pohlad family.
it’s actually quite refreshing to have a Pohlad who seems to care about baseball operations. the last Pohlad who cared was Eloise.
a couple more bullpen pieces, and no more Buxton and Lewis injuries, and this team actually has a chance.
Buxton, Lopez, Ryan, and Jeffers are likely gone. Maybe before opening day. Falvey was all that was keeping them there. Its going to be ugly for the Twins.
Paving the way for some thrifty young executive from the dollar tree Incto take over but with a much smaller budget to run things
Maybe the Pohlads demanded Pablo Lopez and Joe Ryan to be traded?
8..5 years too late but I don’t know that Zoll will be any better.
“laser”
Odd timing. Hmm.
Do does this mean trade a bunch of guys?
I mean why not? Buxton peak value, Joe Ryan probably too, Jeffers.
Trade them all. Go out sign some dudes a few 1 years if need be, trade those at the deadline. Take on a few salaries to fill out the roster like Casty and a prospect or two. Rebuild foreve.
Up next should be the Pohlads. Twins need new ownership and not this joke of a family…
Falvey had been promoted to from just baseball stuff to running the whole operation. After last year’s firesale, people stopped going, and I’m sure they’ve lost a lot of season ticket holders (the base). When Joe Pohlad was kicked to the curb and his brother Tom took over, he said he was going to look into everything. I think they had gotten too far away from “baseball” (and had been drifting further and further for years) and were pumping it as “entertainment”. They just got some new investors in to pay off some/all of their debt, and were heading into the season with a reduced payroll (and expectations). During the past few weeks it was reported that Tom Pohlad had personally called upwards of 50 different season ticket holders and people who had elected to drop their ticket plans. What they talked about has not been released. STH’s are “baseball” people, they are there for the game, moreso than “just entertainment”. Minnesotans are being known to be fairly easy going and forgiving as long as the effort is there, they will support the team (think back to the Pirahnas days). But the bizarre hands off managing of Rocco (he’s now gone) and the poor fundamentals in all aspects of the game (and gradually getting worse and worse) does not sit well with us (as a people). There’s no excuse for half-assery, and sloppy play and the “baseball” (STHs) finally had had enough. Well, if that’s what Tom got over and over on the phone the last few weeks, people are not buying tickets, and you’re losing your longtime core buyers, something has to give. Win or lose, no one is going to pay to see sloppy, indifferent baseball. I’ll just add, it’s 2 weeks to spring training, and there is nary a sign on their website on how to watch/sign up for a TV plan for the upcoming season.
Like a week ago, Pohlad completely threw him under the bus by saying “for better or worse Falveys team always signs guys last minute”. The Falvey operation has napped until late January basically every year in control. Can’t say I’m too surprised when the owner made a jab
If you don;’ have money you can only do two things: get to the Goodwill early in the day before it gets picked over, or hang around a better market late and hope for bargains. Falvey opted for the latter and it often worked for him . Correa, Bader, Solano, lots of good cheap late signings in the past five years. It’s a strategy for budget-minded folks.
Sure, I wasn’t really offering my opinion on late signing, I was saying the owner just made that “for better or worse this is how he operates” statement days ago. The inclusion of “for better or worse” felt like they were not on the same page, at least
It never seemed like baseball was a game with Falvey. I won’t miss him at all. Zoll, is the least knowledgeable and lowest paid GM in MLB.
Zoll is probably the least
The Target Field dumpster fire continues to burn bright
Whoever steps into the position will sell off around the deadline and get the prospects they are looking for to fit their vision.
I think Falvey may have been asking for more money towards payroll to sign a couple more guys and Pohlad is thinking this roster is not going to be good enough to compete so why bother having to pay out more money.
Ryan, Lopez, Buxton & Jeffers alone would be a great start to acquire prospects to begin a rebuild.
Bell, Rodgers & Caratini if get off to a decent start might could bring back something of value.
They traded 11? Players last year. If that doesn’t get enough prospects to restart your system no amount of trades will
I think you might be a bit too high on those players if you think the return is bringing back a contender, especially if there’s someone brand-new running baseball ops, that isn’t competent enough to handle the roster construction aspects of his job yet. Trading up is the hardest thing a A GM/PBO has on his plate at any given time, and most of those guys you listed have question marks. The veteran GM’s are going to eat him alive for a while.
Falvey, “I signed to build a winner, not to break it all down to pad the Pohlad kid’s bank accounts. I am outta here:”
Be patient Twins.you can have Preller next year.
They’d have to pay him, and they’re not going to do that.
See ya Falvey. Don’t let the door hit ya.
For the Pohlad’s next trick they should mutually agree to part ways with the team.
Minnesota is not the place to be at
It’s certainly that time of year….
A small quibble with the article. The new minority ownership did not purchase at a $1.7 Billion valuation. They paid $425 Million for a 20% stake. 20% of $1.7 Billion would be $340 Million. $425 Million is 20% of $2,125 Billion or $1,7 Billion plus $425 Million in debt.
Thank you .. I commented below… this is just more siphoning off the Tax payers ( suckers) who built that nice stadium… please read about the Promise never delivered below… I know it well … I was in the State Senate Hearing when it was made..
Boy ur not going to do much better than Ferek Falvey
Tom Pohlad balls to the wall.
Everything / everyone is on the hot seat
Next up Ninja Cash.
Seems to me as though the announcement comes at a planned time, and the idea was for the previous head to handle the roster machinations. That way, the person in charge of getting spring training and the competitive season off the ground only had to focus on that.
Makes a lot more sense to me than installing someone brand new and expecting them to make the right multi-million dollar salary decisions before really even understanding the job. I think more teams should take that approach, especially if the team doesn’t intend to punt/fully rebuild after a leadership change at the top. I’d imagine it’s not possible particularly often, as there really can’t be any kind of bad blood involved or the arrangement would implode.
Score another one for Minnesota Nice.
I wouldn’t be happy if I was a Twins fan. This has all the hallmarks of Pohlad saying “I want our payroll to be $80M for the next 4 years,” and Falvey saying “OK, I’m out.” I definitely don’t expect this to lead to Zoll being given freer rein to bring in pricey veterans, as if Falvey was the one unwilling to spend.
Kevin Goldstein is already in the organization.
James Click is a possibility but Toronto might be something worth sticking around for.
The Missing facts: the $475 Million was not a debt incurred by the operation of the Twins… It was a bad investments by Po’lads… debt that they shifted unto the Twins… The Club has been Profitable every year since Target Field except 2020 ( covid).. It was never in Debt… because the Po’lads came the The Minnesota State senate many years ago and asked for Public funding and promised that the Money would go to keep its stars and add to them to build winning teams… of course that was a fraud upon the Public. .. They Never Kept their stars and brought in the new and better talent… No they ran a Fat profit off the largess of the People of Minnesota… I’d think the fraud upon the public will continue as the seek to cover losses the public didn’t invest in…
I’m not a Twins fan but, if firing your GM two weeks before Spring Training doesn’t describe DYSFUNCTIONAL, I don’t know what does.
Makes perfect sense to me. Why would you want the new guy with less experience and respect in the industry making multi-million dollar salary decisions? Don’t you want him focused on getting the players they have in gear for the upcoming season? Or do you want him beating his head against brick walls like salary negotiations?
He asked for a raise and was told they could “part mutually” or he would be fired lmao
“Mutual” is a funny term here. Knowing the twins it wouldn’t shock me if he asked for a dollar raise and they said “get out”
Don’t get it twisted, this wasn’t the Twins firing Falvey, this was Falvey firing the Pohlad’s.
“She didn’t dump me. I dumped her. It was a mutual dumping.”
– Thor, God of Thunder
With theory the salary limitations this guy was given why would anyone expect anything at all from this team? They suck. Today tomorrow and for the foreseeable future. This is what owners with no desire to be owners achieve. Nothing.
He should have resigned Darold for the Vikings.
There shouldn’t be a comma after “and” when it begins the sentence, and there also shouldn’t be one between “and” and “presumably.” There is no reason to write “and, presumably, catcher Ryan Jeffers, who is entering his final season of club control” when you can write “and presumably, catcher Ryan Jeffers, who is entering his final season of club control.”
Here today, Penelope tomorrow.