Tweeters woke up on Friday morning to what was a slew of jokes aimed towards the rookie sports agency group headed by Jay-Z over the way the group handled the Robinson Cano contract negotiations with the Seattle Mariners. On Thursday, it was believed that the Mariners offered Cano a 9-year contract worth $225 million.
Late Thursday night, talks broke down between the Mariners and Cano as it was believed that Jay-Z’s agency was demanding more money for their client. Many took to twitter to mock the fumbled attempt by Jay-Z to get more money for Cano.
Those jokes were short-lived as late Friday morning it was reported that Cano agreed to sign a contract with the Mariners; a contract that is reportedly worth $240 million over the span of 10 years. Meaning Jay-Z managed to get an additional year and $15 million for Cano. Somewhere, Jay-Z just dropped the mic and gave the middle finger to those who mocked him on twitter.
That is a nice story and all, but what does this mean for the Cubs?
Look at how the Mariners were able to offer $240 million to Cano. The Mariners new television deal with DirecTV and ROOT Sports NW will pay the team $2 billion over the course of the next 20 years. That source of revenue is the main reason why the Mariners were able to sign Cano and outbid any other team that was interested.
Now, look at the Cubs. The Cubs will opt out of their television contract with WGN after the 2014 season. If the Cubs play their cards right after the 2014 season, the team could be sitting in a similar position that the Mariners were sitting in this off-season. That position is entering the 2014 off-season with a lucrative new TV deal that will create a source of revenue directly for baseball operations.
Baseball operations that would use the new revenue in a much wiser way than the Mariners did with Cano.
Topics: Chicago Cubs