Quote:
Originally Posted by JayP
Lots of chatter on Twitter (especially Mike Wilner) that the Jays aren't hedged at all from exchange rate volatility. So can we end the crap about how cheap Rogers is? To have basically the same payroll as last opening day with the dollar dipping about 15 cents since this time last year is a pretty serious reinvestment of last year's profits.
Shapiro even confirmed that the Jays budget for future years isn't set in advance - its all based on the volatility of the dollar and yearly revenue.
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Finally! Again, not a Rogers sympathizer but it was a little obvious that the dollar this extreme plays a huge part. Anyone can say all they want that they hedged last year, but tell me which forecasting department could've seen this type of dollar decline, last year? No company would've hedged this much, I don't care what any article said before. I guess to some degree Rogers has ponied up some cash to keep this going (somewhat).