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    Home»Sports

    Cubs owner cites external competition as reason for not spending

    Team_NewsStudyBy Team_NewsStudyJanuary 20, 2025 Sports No Comments1 Min Read
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    The usual for big-market spending in MLB has been set by the Los Angeles Dodgers and the New York Mets, but in addition by others just like the New York Yankees and Philadelphia Phillies.

    At the least, that is what Chicago Cubs proprietor Tom Ricketts can have you consider. 

    Ricketts, showing on 670 The Score’s “Inside the Clubhouse,” claimed that he merely does not have the firepower to compete with different massive market spenders in free company. 

    “Clearly, the Dodgers have much more assets… Some groups simply have outdoors assets which are funding their participant strikes and acquisitions, and that’s actually exhausting to compete with,” Ricketts mentioned.

    The Cubs at present sport a $183.3 million luxurious tax payroll, per Spotrac, which locations them 14th in MLB. That is properly beneath the first luxury tax threshold of $241 million. 

    For a staff that performs in one of many 5 largest media markets in the US, one thing’s not including up with Ricketts’ feedback. To not point out, the latter’s net worth is approximately $4.5 billion.

    It is true that Chicago dabbled in the Roki Sasaki sweepstakes and was reportedly the popular vacation spot for new Dodgers closer Tanner Scott. 





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