Chappy Community Moderator Posted October 17, 2014 Posted October 17, 2014 Aren't all salaries in USD to begin with? Yup.
Frenchsoup Verified Member Posted October 18, 2014 Posted October 18, 2014 Wouldn't surprise me. They said it wouldn't, but after they lied about the payroll space at the deadline nothing would surprise me. I think your on to something mimsy
wardhenke1 Verified Member Posted October 18, 2014 Posted October 18, 2014 I cannot foresee any circumstances where the payroll goes above what is was the last 2 years, especially as this group of players has achieved absolutely nothing. According to Cotts our salary obligations in 2015 at this stage are $96.2m, so my guess then is a lower payroll of between $100-120m, possibly nearer the lower end of that range. Rogers: Hockey, hockey, hockey, hockey, hockey....................... (*Sigh* if only I liked the f***ing sport)
glory Old-Timey Member Posted October 18, 2014 Posted October 18, 2014 I don't think it will go up. It may stay around the same general area ($130-135M), but I can't imagine Rogers would increase it after doing nothing at the trade deadline (when the probability of making the playoffs was probably over 50% at that point) and all the circumstances around the season, ownership, dollar, etc. Beeston did say it would go up, and he'd be an idiot if he said something like that so emphatically only to lie about it, but who knows with this group. I think we will see some moves that give the impression that they are spending money (i.e. signing a closer), but with options being declined and possibly some players being traded (Lind? Happ?) to save some money, I think the payroll will ultimately go back to around the same general area as last season. Which is still big enough of a payroll to win, but whether Alex is the one who can right the ship is the issue.
kgm1 Verified Member Posted October 19, 2014 Author Posted October 19, 2014 I believe it will go up in canadian dollars but I,m not sure that will be enough to raise the budget in US dollars and in fact might mean going down from the 139 US they spent last year. Still the Jays will be in the top half of payroll and with proper moves should be able to compete. November brings many decisions that will give an indication of where they are going starting with options being exercised and a QO to Melky. Add to that is whether Beeston is extended.
Stangstag Old-Timey Member Posted October 19, 2014 Posted October 19, 2014 we really need to get rid of Reyes but AA is too stupid to see that
xposbrad Verified Member Posted October 19, 2014 Posted October 19, 2014 I believe it will go up in canadian dollars but I,m not sure that will be enough to raise the budget in US dollars and in fact might mean going down from the 139 US they spent last year. Still the Jays will be in the top half of payroll and with proper moves should be able to compete. November brings many decisions that will give an indication of where they are going starting with options being exercised and a QO to Melky. Add to that is whether Beeston is extended. They should be able to compete, except they will fall short as usual. Like another poster said, AA needs a 200+m payroll to win with this current roster. The volatility right now in the exchange is not good obviously but where the usd/cad rate is in 3-6 months no one can predict. However, if it goes towards 1.16-1.20, I'm wondering if the payroll will have to be slashed accordingly.
kgm1 Verified Member Posted October 19, 2014 Author Posted October 19, 2014 They should be able to compete, except they will fall short as usual. Like another poster said, AA needs a 200+m payroll to win with this current roster. The volatility right now in the exchange is not good obviously but where the usd/cad rate is in 3-6 months no one can predict. However, if it goes towards 1.16-1.20, I'm wondering if the payroll will have to be slashed accordingly. This team can be tweaked to be competitive. The Dollar is expected to be in the 88 to 90 cent range. AA needs to get creative and fill the holes in LF, 2ND, and the Bull Pen.
Orgfiller Old-Timey Member Posted October 19, 2014 Posted October 19, 2014 I believe it will go up in canadian dollars but I,m not sure that will be enough to raise the budget in US dollars and in fact might mean going down from the 139 US they spent last year. Still the Jays will be in the top half of payroll and with proper moves should be able to compete. November brings many decisions that will give an indication of where they are going starting with options being exercised and a QO to Melky. Add to that is whether Beeston is extended. I don't understand what this means, if the salaries are already in US dollars what difference does it make if the Canadian dollar is weaker?
kgm1 Verified Member Posted October 19, 2014 Author Posted October 19, 2014 I don't understand what this means, if the salaries are already in US dollars what difference does it make if the Canadian dollar is weaker? Most of the Jays revenue is generated in Canadian dollars while their expenses (Players salaries )are paid in US dollars. example last Years budget of 139 million US in players salaries would cost around 157 million today in Canadian dollars
Abomination Old-Timey Member Posted October 19, 2014 Posted October 19, 2014 Most of the Jays revenue is generated in Canadian dollars while their expenses (Players salaries )are paid in US dollars. example last Years budget of 139 million US in players salaries would cost around 157 million today in Canadian dollars Not all of the Jays revenue is in Canadian dollars. I have no idea how reliable this site is, but this is a really interesting article. http://awfulannouncing.com/2013/how-mlb-splits-your-tv-dollars.html It's quite possible (IF the site is accurate) that more than half our revenue is actually in USD.
burlingtonbandit Old-Timey Member Posted October 19, 2014 Posted October 19, 2014 Most of the Jays revenue is generated in Canadian dollars while their expenses (Players salaries )are paid in US dollars. example last Years budget of 139 million US in players salaries would cost around 157 million today in Canadian dollars All the Canadian sports teams hedge the US/CAN money so that this scenario doesn't happen.
kgm1 Verified Member Posted October 20, 2014 Author Posted October 20, 2014 All the Canadian sports teams hedge the US/CAN money so that this scenario doesn't happen. I doubt any team hedges their whole budget a year in advance and hedging costs money.
xposbrad Verified Member Posted October 20, 2014 Posted October 20, 2014 All the Canadian sports teams hedge the US/CAN money so that this scenario doesn't happen. Very doubtful they hedge the full amount. Just like hockey teams are affected with the volatility in the usd/cad exchange, but it could get costly to start hedging their full payrolls.
Dick_Pole Old-Timey Member Posted October 20, 2014 Posted October 20, 2014 Based on what I know from the industry, generally 100% of Q1's estimated USD needs are hedged and 25-50% for the rest of the year is hedged. This is for wireless/cable divisions though, not sure if the Jays have a more aggressive hedging policy. And the hedging would have most likely taken place in September, at the start of 2015 budgeting season.
kgm1 Verified Member Posted October 21, 2014 Author Posted October 21, 2014 So what would dollar figure do you think they hedged at and what does it cost ?
kgm1 Verified Member Posted October 23, 2014 Author Posted October 23, 2014 Rogers reports earnings TORONTO (Reuters) - Canadian telecom and media company Rogers Communications Inc posted a 28 percent decline in third-quarter net income on Thursday, but reaffirmed its profit targets for the year as it heralded the end of a corporate shuffle.
RealAccountant Old-Timey Member Posted October 24, 2014 Posted October 24, 2014 Rogers reports earnings TORONTO (Reuters) - Canadian telecom and media company Rogers Communications Inc posted a 28 percent decline in third-quarter net income on Thursday, but reaffirmed its profit targets for the year as it heralded the end of a corporate shuffle. Don't worry earnings will go throw the roof when ppl start watching all those Anahiem.Ducks and Carolina.hurricanes hockey games late night Brb sponsorship dollars throw the roof
Dick_Pole Old-Timey Member Posted October 24, 2014 Posted October 24, 2014 So what would dollar figure do you think they hedged at and what does it cost ? If they did it in September, it could be anywhere between 1.08 and 1.1. So if they hedged $100M, that's $8-$10M there. Last year they probably hedged at around 1.02, so the incremental cost on hedging from 2013 would be $6-8M per $100M.
kgm1 Verified Member Posted October 24, 2014 Author Posted October 24, 2014 If they did it in September, it could be anywhere between 1.08 and 1.1. So if they hedged $100M, that's $8-$10M there. Last year they probably hedged at around 1.02, so the incremental cost on hedging from 2013 would be $6-8M per $100M. I have been using the 1.1 # in my estimates but only on 50 % of the payroll as some earning are in US dollars and some hedging probably occurred at a better rate . Still the falling canadian dollar has added 6 to 8 mil to the costs and that is significant.
JoJo Parker Dunedin Blue Jays - A SS On Tuesday, Parker was just 1-for-5, but the one hit was his first professional home run. Explore JoJo Parker News >
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