As the Twins pinch single-digit millions this offseason (the pro sports equivalent of pennies), bigger-spending teams are continuing to widen the gap between the haves and have-nots.
The most recent and significant example, of course, was the $765 million contract free agent Juan Soto reportedly agreed to with the Mets.
The poor, pitiful Yankees were said to have offered ONLY $760 million and came up a little short in their bid to retain Soto.
A little over five years ago, after Manny Machado signed a $300 million deal, I mused about how long it will be until a U.S. pro athlete signed a $1 billion contract. We’re accelerating closer to that number faster than even I could have imagined.
Those of us who keep thinking there has to be a tipping point have yet to see it. Those of us who have been worried for a while about how more modest spenders like the Twins can keep up with all this should be increasingly alarmed.
Then again, it’s not like the Twins couldn’t have competed for Soto or even last year’s big prize, Shohei Ohtani (making a paltry $700 million), with a little bit of creativity — something I talked about on Tuesday’s 1,000th episode of the Daily Delivery podcast.
Here’s the math and the sort of outside-the-box thinking we need more of going forward:
The Twins are valued at about $1.5 billion according to Forbes. Some of you might have heard that they are for sale, a bombshell announcement made by the Pohlad family shortly after the end of the 2024 season.