Shapiro’s got cash – PD forgets just how much

From today’s PD.

The Tribe’s attendance of 2,013,763 should help. Team officials feared that they wouldn’t top their projected preseason total of 1.95 million despite the team’s play. Then there’s ESPN’s $2.3 billion contract extension through 2013 to draw from. The deal reportedly will pay MLB $296 million per year.

What about all that money? Wall Street, which keeps pitching MLB to offer it in an IPO, estimates each team’s stake at $100 million per team. These guys simply cannot claim poverty. There’s cash coming out of their ears.

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