Quote:
Originally Posted by Senator Clay Davis
I like how you posted that Deadspin article New Era, because it it shows what a terrible deal for Cobb County it was. They have to pay nearly $9 million to the Braves a year for 30 years basically for the right to have them play in Cobb County. There's also a link in the same article showing Cobb County has to lay off or furlough teachers because of revenue shortages. So yeah, thanks for proving these deals are generally atrocious for the moronic counties that do them.
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That's what you got out of that article? I can see it if the only thing you read is the deadspin article, but did you follow it up by looking at the Cobb County budget report? The county is spending money in hopes of raising more revenues through taxes and levies. They spend $9M and get 6% of the Braves revenues ($266M last year), which is shared with state as well. That does not include the spinoff revenues from local businesses. So the idea of making money off this deal for the county was not far off. The problem being is there are going to be feast and famine years when the Braves are good and bad.
BTW, the county doesn't oversee education spending, so teachers being furloughed is a red herring and mostly bull####. People need to understand the complexities of these deals and how the money is raised. Sadly the media doesn't do a very good job at explaining how they work and regularly report wrong information, like teachers being furloughed as a result of this deal.