Orioles and Nationals: a financial breakdown

(photo credit: Nats Enquirer) Note: We do not endorse the term "Battle of the Beltways", which is both misleading and a poorly conceived marketing gimmick
(photo credit: Nats Enquirer) Note: We do not endorse the term “Battle of the Beltways”, which is both misleading and a poorly conceived marketing gimmick

No two Major League Baseball teams are tied closer together than the Baltimore Orioles and the Washington Nationals.  Yes, there are teams geographically closer to each other (Mets/Yankees, Cubs/ChiSox, Dodgers/Angels, A’s/Giants), but no two teams are as financially linked as the Nats and the O’s.  Thanks to the creation of MASN in 2004, the Nationals are financially dependent on the Orioles, and to a lesser extent, vice versa.

Accordingly, it’s worth taking a financial snapshot of the two franchises from time to time.  A lot of these numbers speak for themselves, and they’re pretty damning for the Nats’ unfriendly neighbors to the North.

2013 Payroll

Orioles: $100.8 million

Nationals: $112 million

Projected 2014 Payroll (source: Baseball Reference)

Orioles: $82.8 million

Nationals: $130.3 million

Franchise Value (Team value + MASN value) (source: Bloomberg)

Orioles: $1.12 billion ($514 mil + $492 mil)

Nationals: $850 million ($637 mil + $108 mil)

Annual Revenue (source: Bloomberg)

Orioles: $210 million

Nationals: $230 million

Conclusion: the two teams’ baseball revenues are, as designed, relatively equal.  But the Orioles are sitting on a gold mine–the Mid-Atlantic Sports Network, in which they own a majority share.  As seen above, the O’s have yet to invest their financial windfall in the team.

 

 

 

 

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