Realignment revisited: The beginning of the end for Big East football
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adminFormer West Virginia athletic director Oliver Luck still remembers, with vivid clarity, the day Pittsburgh and Syracuse officially announced they were bailing on the Big East to move to the ACC. He was headed east from Morgantown to the West Virginia-Maryland football game on Sept. 17, 2011, and made a plan to get to league commissioner John Marinatto as quickly as possible.
The two met alone in a suite inside Maryland’s football stadium. Marinatto sat in a high-backed chair at the bar as the two briefly discussed how exactly the Big East would survive as a football-playing conference. The elephant in the room, of course, was that Pitt and Syracuse had delivered a double gut punch that sent shock waves across the league, signaling to every remaining football-playing member that the time had come to forget about conference loyalties and look out for itself.
Neither said what appears obvious, in hindsight. Even if they wanted to, they never had the chance. Marinatto got a phone call five minutes into their meeting. Luck watched as Marinatto turned ashen and pale, then fell to the ground.
“I remember saying to myself, ‘Oh my god, the conference is falling apart, the commissioner just [fainted] in front of me and I don’t know what to do,'” Luck said in a phone interview, adding that the call concerned Dave Gavitt, the Big East founder, who died just as his beloved league was breaking up.
Luck raced to find medical personnel, who helped Marinatto regain consciousness. But there is a reason, 10 years later, that Luck remembers that moment so clearly. That day serves as a point of demarcation where nothing would ever be the same for the Big East or its league members.
In short order, TCU pulled out of its agreement to join the Big East after just 11 months. Forty days after Luck met with Marinatto, West Virginia announced it was moving on to the Big 12, beating out Louisville in a high-stakes race that drew in high-powered politicians and pitted two Big East members against each other for the final open spot.
Skepticism among remaining teams was high; trust was low. Presidents, athletic directors and coaches made calls behind one another’s backs to find a secure conference home that would not only provide stability but also a financial windfall that guaranteed their own futures, all while sitting in Big East meetings identifying schools to add in an effort to save the conference. As Big East officials worked on creating a Western flank with Boise State and San Diego State, remaining schools Louisville, Cincinnati, UConn, South Florida and Rutgers kept making entreaties to other conferences to find an escape route.
To be sure, the Big East did not set off the wave of realignment that impacted every Power 5 conference between 2010 and 2012. The Big Ten did that when it announced in 2009 that it would begin exploring expansion possibilities before ultimately adding Nebraska in 2010.
But the Big East was the only major conference to lose half its football-playing members over that span, and that ended up delivering a blow from which the conference could not recover. Ultimately, the basketball-playing contingent retained the Big East name and split off; the remaining football-playing members joined with nine new schools and formed the American Athletic Conference.
For those with deep Big East connections who watched the events unfold in real time, hurt feelings, anger and sadness remain 10 years later. Marinatto, who died in June at age 64, blamed himself for what happened to his beloved league on his watch, according to multiple former colleagues. He never granted an interview after he resigned as Big East commissioner in 2012.
“I don’t know if anybody could have stopped what happened from happening,” one former league official said. “Especially when you had schools hell-bent on taking care of themselves.”
Of course, the schools that left view what happened much differently.
“We were all aware of the movement happening around us,” former Syracuse athletic director Daryl Gross said. “We just had a TV deal fall through with the Big East, and the Big East is looking like a burning ship, and there’s a cruise ship here to pick us up. So what are you going to do?”
TO UNDERSTAND HOW everything unraveled for the Big East, a short history lesson is in order. The Big East formed in 1979 as a basketball conference and stood proudly behind that sport, even rejecting Penn State as a member in the early 1980s.
But as football grew in power and financial stature, the league invited in Miami, Virginia Tech, West Virginia and several others, and began sponsoring football in 1991, allowing long-standing league members like Pitt, Syracuse and Boston College to play football in a conference for the first time. But doing so always left the league slightly off-kilter compared to others because of the unusual football/basketball dynamic.
“Ever since the start of the Big East, there always was concern about the football schools breaking away,” one former Big East official said.
Realignment hit the Big East first in 2003 when Miami and Virginia Tech left for the ACC. That summer, the remaining Big East football-playing schools decided they wanted to split away, believing their interests were no longer aligned with those of the basketball-playing schools. Kevin O’Malley, a TV executive-turned-consultant, was brought in to help then-commissioner Mike Tranghese keep the league together.
“They had actually drafted a letter that was going to be sent,” O’Malley recalled. “As far as they were concerned, the basketball schools were history. What I pointed out was something that is a recurring theme through all of this, which is how much the basketball schools and the football schools needed each other. It took a while, but we put Humpty-Dumpty back together again.”
Boston College eventually left too. Though the league added Louisville, USF and Cincinnati to fill in the gaps, the growing importance of football from a revenue-generating standpoint, most importantly during television contract negotiations and making sure it had a seat at the table in the old Bowl Championship Series, only widened the chasm between the football and basketball schools.
It became much harder for the league to not only figure out its identity — caught between its basketball tradition and the riches of football — but also to keep everybody moving forward together.
“There are no rules in this game of realignment, right? There wasn’t an arbiter. You couldn’t go to the NCAA or the federal government. It was a game we likened to musical chairs. You don’t want to be the one standing when the music stops.”
Former West Virginia athletic director Oliver Luck
“Over time, it got more contentious because the basketball side was always wary of the football side,” one former Big East athletic director said. “And as we drove some of those ideas, it was viewed as more of a football play instead of a league play.”
That essentially is at the heart of where so much went wrong, starting in December 2009. When the Big Ten announced it would explore expansion over the ensuing 12-18 months, athletic directors across the country realized a seismic shift in the landscape was about to happen. Some schools and conferences would end up with an enormous financial windfall, while others would scramble to find a suitable home.
“The day the Big Ten announced that,” former Pitt athletic director Steve Pederson said, “I think everybody said, ‘OK, here we go.’ If you don’t know whether you’re going to be one that’s going to be selected, the risk is high. So we really tried to come up with some kind of way to cement the Big East together. Understandably, a lot of schools just didn’t want to make that kind of commitment. They said, ‘Well, what if what if we had a chance to go to one of these conferences?'”
Gross remembers attending one set of meetings before the conference basketball tournament in 2011, looking at the agenda and seeing nothing listed on the topic of expansion.
“To this day, I have no idea why no one wanted to touch the subject,” Gross said. “It was almost like, if we don’t talk about it, then we don’t have to worry about it.”
He raised those concerns during the meeting. Afterward, another athletic director walked up to him and asked, “Are you guys leaving?”
Gross maintains that at that point Syracuse had no plans to leave. “I was just trying to figure out, ‘What’s the plan?'” he said. “I felt so lost. I thought for sure this would be the biggest discussion topic in the entire room.”
Whether the league was proactive or not is a matter of perspective. Multiple times, the Big East tried to form a partnership with several Big 12 schools, but it was only in response to the possibility that Texas and Oklahoma would leave.
Once Texas and Oklahoma decided to stay put, the idea fizzled.
Marinatto sent a bottle of champagne to then-Big 12 commissioner Dan Beebe to congratulate him on keeping his league from disintegrating.
Soon, there wouldn’t be much to celebrate.
THE BIGGEST DISCUSSION topic in the Big East became its television rights. At the time, the Big East was working with ESPN on a new rights deal that would bump its annual payout from $36 million per year to $155 million per year. All told, the new deal would be worth more than $1.3 billion over the life of the contract. As its television partner at the time, ESPN had an exclusive negotiating window to make a deal happen with the Big East.
But there were multiple presidents and athletic directors who wanted to wait and take the Big East to the open market once that window with ESPN closed, believing its entire rights package was worth more than what ESPN was offering. That group included Georgetown, Pitt and Rutgers.
“We just felt like at the time that the deal didn’t reflect our value,” Pederson said. “As you looked at the numbers, you just said, ‘If you’re going to sign a long-term deal that you feel is undervalued, then you’re just going to be sorry almost the minute you sign it.’ We understood we were not in the same position at that point as the Big Ten or the ACC, but we felt we were in a better position than the way the numbers came out.”
Though the majority of league schools wanted to take the deal, those with misgivings controlled the conversation and became the loudest voices in the room. Things came to a head in May 2011 when the newly expanded Pac-12 with Colorado and Utah aboard announced a television package of its own with ESPN and Fox worth a reported $3 billion — substantially greater than the Big East offer.
That caused everyone in the league to reevaluate what was on the table, and the decision ultimately was made to walk away from the proposed TV deal.
“That deal came out of nowhere, and people started to ask, ‘If they’re willing to pay that for the Pac-12, why wouldn’t we be able to get more?'” one person with knowledge of the discussions said. “So now everybody’s thinking Comcast has all this money, and we had a year to go before the end of our contract, so people said we should go to the open market.”
One former Big East official said ESPN asked for a counteroffer, but none ever came. O’Malley described multiple athletic directors as being “in disbelief” that the league walked away from the deal.
“I’ve always been the ‘one in the hand is better than two in the bush,’ and that would have kept us very stable,” then-Louisville athletic director Tom Jurich said. “But I was the newcomer talking. We were very happy where we were, and maybe those schools weren’t happy. Maybe they had bigger aspirations. I don’t know.”
Officials from the schools that eventually left deny they were in negotiations with other conferences at the time the TV deal was nixed. But there are some former Big East officials who remain dubious.
One went so far as to say “sabotage” would be an accurate way to describe the way some schools led the push against the TV deal only to later leave, though others in the room at the time felt that was too strong of a word.
“There were so many people that just loved the conference and were so invested in it, and then you had double agents in the room,” another former Big East official said.
Multiple sources pushed back on that assertion.
“There was sincere and genuine effort put towards trying to figure out a way to shore ourselves up and present more value to the market to capitalize on our deal,” one former school official said. “This theory that we deliberately tried to stop the TV deal from happening because we were all at the finish line with other conferences is bulls—.”
Multiple sources confirmed that Pitt and Rutgers tried early in the process to get league members to agree to a grant of rights, in which schools relinquish control of their TV rights to the conference. But there was no consensus. With no grant of rights, no expansion plan and no television deal, there was simply nothing to hold the league together.
Add to that a perceived vacuum in leadership — with the more mild-mannered and less well-connected Marinatto now the commissioner instead of Tranghese — and it seemed like a foregone conclusion that the competing agendas threatened to fracture the conference for good.
“There was no guarantee if we did that deal things weren’t going to still shift, but it would have helped the schools left behind to at least have that in their pocket, and if we had to renegotiate it down, fine, but we still had it,” a former Big East official said.
Despite the behind-the-scenes drama, league officials spoke optimistically at media days in Rhode Island in August 2011 about the lucrative potential for a TV package despite turning down ESPN. One league official told The New York Times, “We’re excited. It feels like the tide is turning in our favor.”
Clearly, not everyone felt that way.
Gross, who was in favor of taking the TV deal, said once that fell through “things were fragile and could fall apart or crumble.” He said he first heard from the ACC in early September, recalling that his phone rang as he walked to his car following a tennis match at the US Open. When ACC officials asked whether Syracuse would be interested in joining, Gross said yes without hesitation.
Within a week, the Syracuse trustees met at a hotel in Beverly Hills, California — where they had traveled to watch Syracuse play USC in football. Gross made a presentation, and the group voted to accept the ACC invitation. Similarly, the situation with Pitt and the ACC moved quickly in September. Both Gross and Pederson said they had no idea they would be joining together until the end of the process.
Despite the uncertainty and fragility of the Big East, multiple people described feeling “blindsided” that Syracuse and Pitt — two of the league’s most identifiable members, including one founding member — would leave. One person said it “shook the conference to its core.”
“Syracuse and the Big East were synonymous with one another for the entire history of the conference,” a former Big East official said. “When they left, there was no recovering.”
Added Jurich: “I know a lot of people’s feelings were hurt, especially the schools that had been in that league for a while. They were crushed because they had such a great loyalty and relationships with those schools.”
Pederson, when asked whether he thought the decision to leave surprised the league, said Pitt was always upfront about the situation. “I guess that would be from their perspective,” he said. “Nobody knew exactly where anybody might be going, and all those negotiations are very private. So maybe there were people that were surprised. I don’t know.”
At that point, any existing loyalties seemed to vanish.
“When one starts splitting away, then the avalanche occurs,” Jurich said. “Everybody was scrambling. It’s, ‘What are we going to do? How are we going to survive? How do we keep our head above water now that the TV deal is out?’ You don’t have a chance to use that as any leverage. From our standpoint, all I cared about was our program.”
Meanwhile, TCU, which agreed in November 2010 to join the Big East as a way of boosting its profile as a member of a BCS conference, pulled out to join the Big 12 in mid-October. By then, the Big East was pushing hard for Boise State to join as a football-only member — all while Louisville and West Virginia were jockeying for the last open spot in the Big 12.
“There are no rules in this game of realignment, right?” Luck said. “There wasn’t an arbiter. You couldn’t go to the NCAA or the federal government. It was a game we likened to musical chairs. You don’t want to be the one standing when the music stops.”
BOISE STATE PRESIDENT Robert Kustra took a keen interest in realignment, believing his football program had positioned itself well for a move into a bigger conference with better access to the BCS. In 2010, he met with the presidents of Utah, TCU and BYU to discuss whether Boise State was ready to make a move from the WAC to the Mountain West.
“I gave my salesman pitch, and then I said to them, ‘How can I know that the Mountain West is going to be the Mountain West it is today?'” Kustra recalled in a phone interview. “‘Are you all going to be there for the Mountain West?’ And these presidents, they were either lying through their teeth or they were completely ignorant of their athletic directors’ plans.”
Only a few days after Boise State announced it would join the Mountain West, Utah accepted an invitation to join the Pac-10. Then BYU announced it was going independent in football. In November 2010, TCU agreed to join the Big East. This was not the Mountain West the Broncos agreed to join.
At this point, Boise State had played in two BCS games as an undefeated team (2007 and 2010 Fiesta Bowls) but had never gotten a legitimate shot at playing for a national championship. Beyond national championships, the Mountain West did not have an automatic spot into the BCS, meaning Boise State would have to go undefeated every year and then hope for a selection as an at-large team.
Kustra felt he had to do something to improve those chances. He had previously lobbied the Pac-12 to no avail. So when the Big East, with an automatic bid into the BCS, called in October 2011 to see whether the Broncos would be interested in a football-only partnership, he listened.
At the time, Boise State was ranked in the top five. On paper, the move made sense: Boise State needed access to a BCS conference, and the Big East needed to fill gaps and boost its football-playing profile. As a way to make its move east more palatable, Boise State needed a travel partner from the West, boosting San Diego State into the conversation.
“I personally thought that taking the Boise State story on the road with the Big East was a great opportunity to get national coverage that we weren’t getting here in the Intermountain region,” Kustra said.
The Mountain West had taken one hit after another during realignment and could not afford to lose Boise State, its highest-profile school. Commissioner Craig Thompson worked the phones to both Kustra and then-San Diego State president Elliot Hirshman, telling them both, “There’s a lot of money being dangled in front of your face, but there’s not going to be a Big East in the long term,” according to a person with knowledge of their conversation. Thompson declined to comment for this story.
The Big East also had conversations with Air Force, Navy and Army but ultimately opted for football-only partnerships with Boise State and San Diego State. In addition, UCF, Houston and SMU would join as full-time members. The moves gave the Big East the largest footprint in the country.
But because the conference looked so different, nobody knew whether it would retain its BCS status or what a future television deal would be worth. Skepticism remained that bringing in Boise State and San Diego State from the other side of the country would actually keep the Big East together. The basketball schools were not thrilled either.
Though Boise State coach Chris Petersen and San Diego State coach Rocky Long spoke in positive terms about the move publicly, they expressed reservations privately. Long declined interview requests for this story; Petersen did not respond to repeated requests for comment.
“There were some ideas that were not ideal, but when you’re in a position like that, you start to look at everything,” Jurich said. “They were not just saying let’s put our head in the sand and say we’re fine when it truly wasn’t. Did it fit for everybody? Absolutely not, including us. It didn’t, but I don’t think you could look at and say it’s about fit when you were looking for survival.”
Several former Big East officials still believe this alignment could have worked long term at the time. But in April 2012, a plan for a four-team playoff was announced, and it became clear there would be no automatic qualifying designation for the Big East under the new format, taking away a huge advantage the league had over the Mountain West.
Marinatto resigned in May 2012 with the league in turmoil. As one friend of his said, “He was just a guy that was the student manager for the basketball team for Dave Gavitt at Providence College and was Mike Tranghese’s friend, and was handed the reins by the two of them. And the conference collapsed. That’s the weight that he carried with him.”
Whether he could have done anything differently to keep the league together is a question up for debate, considering all the outside factors that were beyond his control.
“I don’t think anybody deserves any particular blame for anything,” Pederson said.
Mike Aresco was hired as commissioner in August with an eye toward maximizing television rights. But first, Notre Dame announced it would be taking all of its Big East-affiliated sports to the ACC while remaining independent in football. When Rutgers (Big Ten) and Louisville (ACC) announced their own departures over a one-week span in November 2012, the Big East as a football-playing conference fell apart.
For good.
In mid-December 2012, the seven Big East basketball-playing schools announced a split from the football-playing schools. A few weeks later, Boise State struck a deal to return to the Mountain West. San Diego State followed shortly after that. The Broncos were given the green light to sell their home games separately from the conference’s television package, allowing them to earn more money than the other members of the conference — about $1.8 million more per year in revenues.
Kustra said the Mountain West presidents at the time called him and offered more money from television rights as a way to get Boise State back into the league.
“I’m asked, if you had to do all over again, what would you do?” Kustra said. “And I’d say, I would do exactly the way I did it. I didn’t know that the Big East was going to fold. But look what we got out of it. We landed on our feet financially. And to this day, the Mountain West is still trying to figure out what to do about that.”
Tensions over the special deal Boise State secured have grown over the past several years — and it was a major point of contention during the Mountain West’s most recent television rights negotiation.
Meanwhile, the newly reconfigured Big East – with Xavier, Creighton and Butler – has been led by Villanova basketball over the last decade, winning national titles in 2016 and 2018. But perhaps the biggest news in recent years involved UConn, which decided to go independent in football so it could rejoin the Big East, where it thrived as a basketball power. The Huskies officially rejoined in 2020 after a seven-year absence.
The American Athletic Conference — renamed and rebranded after the basketball split — has thrived as a Group of 5 conference. The league has secured the most Group of 5 automatic bids into the four-team playoff. With the playoff format soon expanding to 12 teams, its chances of making the playoff have increased. But the same could be said for Boise State in the Mountain West.
“Realignment hit us pretty hard,” said Aresco, now the AAC commissioner. “We were in disarray, making sure that the conference would survive. But it turns out, not only did we survive, we thrived immediately. We’ve been thriving ever since.”
While that is true, there are still those with a deep abiding affinity for the Big East who remain emotional about its breakup 10 years later. Because, as one former league official said, “it’s not what it was and will never be the same again.”
ESPN reporter David Hale contributed to this report.
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Sources: Qualifying offer reaches record $21.05M
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5 hours agoon
October 10, 2024By
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Kiley McDaniel, ESPN MLB InsiderOct 10, 2024, 12:41 PM ET
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- Kiley McDaniel covers MLB prospects, the MLB Draft and more, including trades and free agency.
- Has worked for four MLB teams.
Major League Baseball’s qualifying offer for this offseason will be the highest ever at $21.05 million, sources told ESPN on Thursday.
The qualifying offer is a one-year contract that teams can offer qualified free agents. If the player turns it down and signs with another team, the original team receives various forms of draft pick compensation. Players can be offered the qualifying offer once in their career and need to have played the previous season with one team to qualify. Teams must make their decisions by five days after the World Series ends.
The qualifying offer is calculated as the average of the top 125 salaries in the league. It was $20.325 million last offseason and rises most years.
Last offseason, zero players accepted the qualifying offer. This offseason, there are a number of players extremely likely to receive and turn down the qualifying offer, such as Juan Soto, Pete Alonso, Corbin Burnes, Alex Bregman, Willy Adames and Max Fried.
Los Angeles Dodgers pitcher Jack Flaherty isn’t eligible because he was traded this season by the Detroit Tigers, while San Francisco Giants pitcher Blake Snell isn’t eligible since he received the qualifying offer last offseason from the San Diego Padres.
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Rays: Damage to Trop may take weeks to assess
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5 hours agoon
October 10, 2024By
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Associated Press
Oct 10, 2024, 02:53 PM ET
The Tampa Bay Rays said it may take weeks to fully assess how much damage was done to Tropicana Field, which saw its roof ripped to shreds by the force of Hurricane Milton as the deadly storm barreled across much of Florida.
The team said no one was injured when the St. Petersburg ballpark was struck by the storm Wednesday night. A handful of “essential personnel” were inside Tropicana Field as the roof panels were blown apart, with much of the debris falling on the field and seats below.
“Over the coming days and weeks, we expect to be able to assess the true condition of Tropicana Field,” the Rays said Thursday. “In the meantime, we are working with law enforcement to secure the building. We ask for your patience at this time, and we encourage those who can, to donate to organizations in our community that are assisting those directly impacted by these storms.”
Milton was the second hurricane to hit Florida’s Gulf Coast in the span of two weeks, preceded by Hurricane Helene, which flooded streets and homes on that same side of the state and left at least 230 people dead across the South.
The Rays aren’t scheduled to play in the ballpark again until March 27, when they are supposed to host the Colorado Rockies to open the 2025 season.
For as bad as the damage was, the situation at Tropicana Field could have been worse. Florida Gov. Ron DeSantis had said earlier in the week that there were plans for the ballpark to serve as a “temporary base camp” to support debris cleanup operations and temporarily house some first responders.
Those plans, however, were changed as the storm neared, amid concerns that the roof simply would not survive Milton’s wrath.
“They were relocated,” DeSantis said Thursday morning. “Tropicana Field is a routine staging area for these things. The roof on that … I think it’s rated for 110 mph and so the forecast changes, but as it became clear that there was going to be something of that magnitude that was going to be within the distance, they redeployed them out of Tropicana. There were no state assets that were inside Tropicana Field.”
The team previously said that Tropicana Field features the world’s largest cable-supported domed roof, with the panels made of “translucent, Teflon-coated fiberglass” supported by 180 miles of cables connected by struts.
The roof was designed to withstand wind of up to 115 mph, according to the Rays. The stadium opened in 1990 at an initial cost $138 million and is due to be replaced in time for the 2028 season with a $1.3 billion ballpark.
Hurricane Milton’s wrath was felt elsewhere on the sports landscape.
The Orlando Magic are planning to spend Thursday in San Antonio and return home Friday, a day behind their original schedule for the week after playing the Spurs in a preseason game Wednesday night.
The Magic scheduled a practice in San Antonio on Thursday and have tentative plans to fly back to Orlando on Friday. A preseason game that was to be played Friday in Orlando between the Magic and the New Orleans Pelicans was canceled and will not be rescheduled.
“There’s always things bigger than the game of basketball and that’s what we have to keep our perspective on,” Magic coach Jamahl Mosley said. “Knowing that there’s families and homes and situations that are going through a tough time right now, we need to be mindful of that and conscious of it.”
The Magic-Pelicans game is the second NBA preseason matchup to be affected by Milton. A game scheduled for Thursday in Miami between the Heat and Atlanta Hawks was postponed until Oct. 16 because of storm concerns. Also called off earlier this week: a rescheduled NHL preseason game on Friday in Tampa between the Lightning and Nashville Predators — one that was originally set to be played last month and was postponed because of Hurricane Helene.
A pair of college football games are set to be played Saturday in cities that dealt with some of Milton’s worst wind and rain, though there were some logistical issues that were still being discussed Thursday in the aftermath of the storm.
In Tampa, South Florida is preparing host Memphis — a game that was pushed back from Friday to Saturday. And in Orlando, UCF is preparing to host Cincinnati.
Both games are scheduled to have 3:30 p.m. ET kickoffs.
Sports
Twins, owned by Pohlads since ’84, up for sale
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5 hours agoon
October 10, 2024By
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Jeff Passan, ESPNOct 10, 2024, 12:29 PM ET
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Author of “The Arm: Inside the Billion-Dollar Mystery of the Most Valuable Commodity in Sports”
The Minnesota Twins announced Thursday that they are for sale, potentially ending one of the longest-tenured ownerships in Major League Baseball.
The Pohlad family, which bought the Twins for $44 million in 1984, said it has retained Allen & Company, the investment banker that commonly facilitates sales of sports franchises. The Twins are estimated to be worth between $1.5 billion and $2 billion.
“After months of thoughtful consideration, our family reached a decision this summer to explore selling the Twins,” the team said in a statement. “As we enter the next phase of this process, the time is right to make this decision public.”
Since moving to Minnesota from Washington, D.C., in 1961, the Twins have been owned only by Calvin Griffith and the Pohlads, whose patriarch, Carl, purchased the team and passed it to his son Jim. It is currently controlled by his grandson Joe.
Only the New York Yankees, Chicago White Sox and Philadelphia Phillies have been under the same ownership for longer than the Twins.
The Pohlads found great success early in their tenure, winning the World Series in 1987 and 1991. By 2001, though, MLB was threatening to contract them and the Montreal Expos because of financial troubles in the sport — a spurious plan that eventually faded.
While the Twins have found regular-season success this century — they’ve made the postseason 10 times in 25 tries — they haven’t advanced past the division series since 2002 and are coming off a disappointing 82-80 season during which a 9-18 collapse in September kept them from the postseason.
The most recent sale of an MLB team — the Baltimore Orioles to David Rubenstein over the summer — was valued at $1.725 billion. Prior to that, the last sale had been Steve Cohen’s $2.4 billion purchase of the New York Mets in 2020.
The Los Angeles Angels and Washington Nationals have explored sales in recent years but pulled their teams off the market. The collapse of a majority of the regional sports networks that have injected billions of dollars into the industry annually has fomented financial uncertainty within the sport. The Twins are among the teams that have been affected, and it was announced this week that MLB would produce and broadcast Twins games next season.
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