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Feb
21

LA Dodgers Rumors: Decrease player spending but nearly doubling ticket prices

By Allan

Bill Shaikin of The Los Angeles Times reports that the Dodgers could seek to keep their player payroll below last year’s level through 2018 while the average ticket price and club revenue could nearly double. This information was obtained through financial documents submitted in a divorce proceeding by former Dodger’s chief executive Frank McCourt.

The projections show the Dodgers planning to cut player payroll to $107 million this year, with slight annual increases thereafter. In 2018, player compensation is estimated at $125 million. The Dodgers spent $132 million in 2009.

The document anticipates a significant rise in club revenue, from $295 million in 2008 to $529 million in 2018, and in the average ticket price, from $29.40 in 2007 to $53.50 in 2018.

Commissioner Bud Selig encourages each team to spend one-half their revenue on player compensation. The Dodgers spent 46% and 42% of their revenue on player salaries in 2007 and 2008 respectively.

According to the financial document, “the increase in average ticket prices will be driven primarily by higher premium seating prices, as the Dodgers are committed to keeping seats affordable for their diverse fan base.”

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