Future Dodger Owners? Steve Garvey and Orel Hershiser and their Mysterious Financial Situation
by StolenMonkey86 on Jan 9, 2012 3:34 PM PST
Email
PrintOne of the most intriguing groups to buy the Dodgers is the one with former players Orel Hershiser and Steve Garvey. The group of 2 former Dodger players, World Series MVPs both of them, as well as the 1974 MVP and the 1988 CY Young award winner. But the real question is: where the hell did they get the money? I hate to say it, but there's really not much to say. There are some mysterious investors who are aligned with the group, but we may never know who they are.
Hershiser made $37.5 million as a player from 1985-2000 according to Baseball-Reference. Since then Hershiser has been an analyst with ESPN and a pitching coach for the Texas Rangers. Hershiser and his wife divorced in 2005, so $20m would be a pretty generous estimate of his net worth, assuming he invested well enough that he still had $37.5m before the divorce.
Steve Garvey has some high-profile financial problems. Forgive my pessimism, but I don't see how he's going to have really any money to his name after the past 6 years. Not much data is available for his career MLB earnings, but he did make $7.4m from 1976-1977 and 1983-1987. So assuming optimistically from 1978-1982, he might have made $6m during that time period, but it's doubtful it was that high. You could assume a high of $15m in career earnings. But still, Garvey is so deeply in debt it's unclear what he actually has. The most optimistic you could say for him and Orel combined would be $25m.
But we know one of the small partners in this group, a guy named Joey Herrick. Herrick is the president of Natural Balance Pet Foods, a 12-year-old company which brings in annual revenue of about $20-50m. And Herrick is the president of the company, not the owner or majority shareholder (from what I can tell the company is privately held). This is not a really big time company, and at most he's got maybe $10m to put in. It says he's a minority partner, but
Even if Darren Lowe of RBC Capital Markets thinks that there's enough money in this group, you won't really know who's got the money. There are a lot of partnerships that control baseball ownership groups, but they're going to have to show a lot more money to actually buy the team.
50 comments
|
2 recs |
Do you like this story?
Comments
moneymoneymoneymoneyyyyyyyy
MOOOOOOOOONAAAAYYYYYYYYYYY!!!!
"Heroes get remembered, but Legends never die."
Some people got to have it, some people really need it .
Follow @DavidYoungTBLA
- The commenter formerly known as El Lay Dave.
Don't forget about Brandon's report from thte Winter Development program:
http://www.truebluela.com/2012/1/9/2694748/2012-winter-development-program
Follow @DavidYoungTBLA
- The commenter formerly known as El Lay Dave.
yes, don't forget
it’s great stuff!!
"Heroes get remembered, but Legends never die."
by Tommy Blackjack on Jan 9, 2012 8:25 PM PST up reply actions
A lot better than tonight’s football game, I imagine.
Follow @DavidYoungTBLA
- The commenter formerly known as El Lay Dave.
I see that Alabama will have to score another TD to top the 27 points Oregon scored against LSU.
Follow @DavidYoungTBLA
- The commenter formerly known as El Lay Dave.
yup
Bama has the ball with less than 2 minutes. LSU has no points
"Heroes get remembered, but Legends never die."
by Tommy Blackjack on Jan 9, 2012 8:30 PM PST up reply actions
That sure is a signing.
It will probably be for less than Aaron Harang got which is kinda sad.
Minor League Central @mlcentral @andrewngrant
yup
"Heroes get remembered, but Legends never die."
by Tommy Blackjack on Jan 9, 2012 8:30 PM PST up reply actions
That man can go to hell.
I have opinions on Storage Wars.
Minor League Central @mlcentral @andrewngrant
strong ones
from the sound of it
"Heroes get remembered, but Legends never die."
by Tommy Blackjack on Jan 9, 2012 8:40 PM PST up reply actions
My opinion
Darrell Sheets should always wear sleeves.
Follow @DavidYoungTBLA
- The commenter formerly known as El Lay Dave.
Brandi and Jarrod always seems to be just this side of a Tonya Harding type moment.
Follow @DavidYoungTBLA
- The commenter formerly known as El Lay Dave.
You should’ve used a picture that also had him wearing his YUUUUUUUP baseball cap.
by lnickerson88 on Jan 10, 2012 12:24 AM PST up reply actions
Interesting. New Hall of Fame inductee has been talking to Dee Gordon.
Barry Larkin, whose election into the baseball Hall of Fame was announced Monday, was being interviewed.
.
“One day,” Gordon said, “I want to feel like he’s feeling.”
.
All winter, Larkin has offered Gordon advice on how to get there.
.
Larkin, a former Cincinnati Reds shortstop, lives in Orlando, Fla. Gordon’s father, former major league pitcher Tom Gordon, lives down the street.
.
Larkin has worked out the 23-year-old Gordon a few times a week at a nearby high school.
i had heard
they were working out together
"Heroes get remembered, but Legends never die."
by Tommy Blackjack on Jan 9, 2012 8:41 PM PST up reply actions
NRI lists are usually uninspiring
But the one on the right sidebar seems even more uninspiring than usual.
Follow @DavidYoungTBLA
- The commenter formerly known as El Lay Dave.
The “best” players that are gonna end up with NRIs are still seeking big league contracts. It may look bad now but just wait until you add Mark Teahen to that list.
Minor League Central @mlcentral @andrewngrant
inevitable?
"Heroes get remembered, but Legends never die."
by Tommy Blackjack on Jan 9, 2012 9:00 PM PST up reply actions
I thought Garvey was just fronting for Ron Burkle’s group?
Burkle’s got billions, and he knows how to put together deals.
http://articles.latimes.com/2011/apr/22/sports/la-sp-dodgers-burkle-20110423
that
was never confirmed by Burkle
"Heroes get remembered, but Legends never die."
by Tommy Blackjack on Jan 9, 2012 9:30 PM PST up reply actions
Or denied….it seems as if Garvey has money from somewhere, but why he’s been so reluctant to say, I have no idea. He’s not acting at all as if he’s frantic for money though.
by lnickerson88 on Jan 10, 2012 12:27 AM PST up reply actions
Wait a second
I didn’t watch a play of the BCS game, but I just looked at a box score and Alabama scored five field goals before a touchdown in the 4th quarter, then MISSED the PAT?
No idea
But it took the factual basis away from my earlier tweet about Matt Barkley scoring the next TD in the BCS title game. :)
by Eric Stephen on Jan 9, 2012 11:37 PM PST via mobile up reply actions
Maybe his leg was tired? I think he freaking earned the right to miss the PAT
by lnickerson88 on Jan 10, 2012 12:27 AM PST up reply actions
seriously
who thinks playing the NC game on a months rest is a good idea?
Watch me all in flames, on a butterfly I ride
37 days = bad idea
44 days = great idea
by Eric Stephen on Jan 9, 2012 11:35 PM PST via mobile up reply actions
I try not to take anything too literal but ....
[Hook]
[Brigde: Claret Jai]
I give, and I give
And you take, and you take
And you just walk away without nothing to say
And I give you my all and you just take from me
[ Eminem]
They’ll appreciate me when I’m gone, they say it was ill, right?
The way I kill mics? But the way I feel right now
It just feels like I’m so done with this shit I might as well wipe
I have nothing else to give you, nothing left to contribute
Farewell I bid you, but before I go, my last gift to you
Ladies and gentlemen, Slaughterhouse I give you!
:( This sucks to think that I may not be able to look forward to anymore music from Eminem. I’m an eclectic when it comes to music, loving everything from The Beatles to Billy Joel. But Eminem is far and away my favorite. In other music genres you don’t hear artists tackling the retirement topic so directly (or eloquently). The guy will be 40 in October, and has accomplished more than any of his other counterparts in his field. He’s sold more records than any other music artist of the last decade.
Overcoming drug addiction then being a silent advocate for AA, then putting out something with as much musical substance as his “Recovery” album, I feel like I’m being selfish to expect anymore solo efforts, but imagining the reality of retirement is disheartening.
The Dodgers and Eminem are my two favorite things in life to follow…..cutting that in half sucks!
"They will never ketchup to all of the energy that I've mustard"
still
Going out with an album like Recovery as your swan song, not too shabby. :)
"Heroes get remembered, but Legends never die."
by Tommy Blackjack on Jan 10, 2012 6:49 AM PST via iPhone app up reply actions
The Who said “hope I die before I get old”, which is pretty direct. Only one had the good graces to actually do so.
Follow @DavidYoungTBLA
- The commenter formerly known as El Lay Dave.
by David Young on Jan 10, 2012 12:17 PM PST up reply actions
Comments For This Post Are Closed
Secondary Sidebar
User Tools
FanPosts
Community blog posts and discussion.
Recommended FanPosts
Recent FanPosts
In Association With
Big League Stew - MLB - Yahoo! Sports
- Get a grip: Reds’ Todd Frazier loses bat, still connects for home run (Video)
- Eric Hosmer redefines the Baltimore chop with infield double (Video)
- College player makes impossible over the fence catch to save tournament game (Video)
- Security!: Camden Yards guard collides with Royals’ Mike Moustakas
- The Juice: Nelson Cruz matches career high eight RBIs, Pujols stays hot in Seattle
