Stadium mortgage update

[Mays-Fan]

I think this is good news because (and I may be wrong), I think the last info I saw said our mortgage was done in 2019.

San Francisco Giants Rumors: MLB Rumors - MLBTradeRumors.com

For the Giants, the Cain signing is a buffer against potentially losing Tim Lincecum. Lincecum could cost the Giants upwards of $25MM a year, but Rosenthal says to keep two factors in mind. First, the contracts of Aaron Rowand and Barry Zito will be off the books by the time Lincecum's next deal begins. Secondly, the club's annual debt payments on AT&T Park - roughly $20MM a year - end after the 2017 season.

So, to recap:

Nov 1, 2012 - We are done with Rowand ($13.6 mm)
Nov 1, 2013 - We are done with Zito's annual contract ($20 mm)
Nov 1, 2014 - We (presumably) buy out Zito ($7 mm)
Nov 1, 2017 - We are done with the stadium mortgage ($20 mm)

Let's keep hoping the minors keep cranking out good players. The future's so bright, I gotta wear shades:

 

[Mays-Fan]

Direct link to the FoxSports video report of Ken Rosenthal (2:20):

Ken Rosenthal report

 

[SFGRTB]

I've heard everywhere from 2015-2022. But I've heard a lot more in the 2017-2018 range than any other. But, in any case, it's basically taking another big salary off the books.

 

[Mays-Fan]

I've heard everywhere from 2015-2022. But I've heard a lot more in the 2017-2018 range than any other. But, in any case, it's basically taking another big salary off the books.

Yes - imagine our club now and add a Robinson Cano at 2B. Or a Zack Greinke as a 5th starter. Or a Curtis Granderson in CF.

Or 2 or 3 solid starters.

 

[Giantsmojo]

Yes - imagine our club now and add a Robinson Cano at 2B. Or a Zack Greinke as a 5th starter. Or a Curtis Granderson in CF.

Or 2 or 3 solid starters.

or resigning Posey and Bumgarner they wont be making ~500K for long

 

[Mays-Fan]

or resigning Posey and Bumgarner they wont be making ~500K for long

Don't burst my bubble!

Coldly, I'm of the growing opinion that we should probably not re-sign Timmy. I can't see him performing up to the level he seeks for another 7-10 years.

I can see Cain and Bumgarner being workhorses for another 8-10 years. Big guys, great mechanics, smooth deliveries. They are diesels. Timmy is a convertible coupe. Or a crotch rocket. Fun to ride, great to look at. But how long will it last?

Of course these are the ramblings of a nitwit who is procrastinating doing his taxes. LOL.

 

[Stokes1931]

Don't burst my bubble!

Coldly, I'm of the growing opinion that we should probably not re-sign Timmy. I can't see him performing up to the level he seeks for another 7-10 years.

I can see Cain and Bumgarner being workhorses for another 8-10 years. Big guys, great mechanics, smooth deliveries. They are diesels. Timmy is a convertible coupe. Or a crotch rocket. Fun to ride, great to look at. But how long will it last?

Of course these are the ramblings of a nitwit who is procrastinating doing his taxes. LOL.

Hey, me too!

 

[ColinCoby]

I think this is good news because (and I may be wrong), I think the last info I saw said our mortgage was done in 2019.

San Francisco Giants Rumors: MLB Rumors - MLBTradeRumors.com

For the Giants, the Cain signing is a buffer against potentially losing Tim Lincecum. Lincecum could cost the Giants upwards of $25MM a year, but Rosenthal says to keep two factors in mind. First, the contracts of Aaron Rowand and Barry Zito will be off the books by the time Lincecum's next deal begins. Secondly, the club's annual debt payments on AT&T Park - roughly $20MM a year - end after the 2017 season.

So, to recap:

Nov 1, 2012 - We are done with Rowand ($13.6 mm)
Nov 1, 2013 - We are done with Zito's annual contract ($20 mm)
Nov 1, 2014 - We (presumably) buy out Zito ($7 mm)
Nov 1, 2017 - We are done with the stadium mortgage ($20 mm)

Let's keep hoping the minors keep cranking out good players. The future's so bright, I gotta wear shades:

Rep.

Also heard Larry Baer the other day on KNBR talking about how the Giants might refinance their loan before it runs out to free up some more cash.

 

[Mays-Fan]

Rep.

Also heard Larry Baer the other day on KNBR talking about how the Giants might refinance their loan before it runs out to free up some more cash.

A cash-out refi? That is, if the appraisal is high enough. 8^)

On a sadder note, looks like we may have to add Wilson's $8.5 mm in 2012 to the list of dead money.

But on a brighter note, Zito's stock seems to be rising.

 

[MarcoPolo]

Rep.

Also heard Larry Baer the other day on KNBR talking about how the Giants might refinance their loan before it runs out to free up some more cash.

Considering home loans are now around $3.8%, pretty close to 70% lower than when the stadium was financed, and they could get a 10 or 15-year loan instead of the remaining ~5 year loan, that could free up a considerable chunk of change annually.