Originally written on The Outside Corner  |  Last updated 2/24/13

In Sunday's edition of the Miami Herald, Miami Marlins owner Jeffrey Loria took out a full page ad and wrote an open letter to Marlins fans. Upon reading the letter, it proves to me that Loria still has no idea what the hell he's doing running the team. Go ahead and give that letter to the left a click to enlarge it. In the letter, Loria claims "acquiring high-priced talent just didn't work", so he completely punted on that strategy after one season to go with the homegrown approach. Loria of course mentions Miami's farm system being ranked fifth in baseball (on which ranking system, I'm not sure), and MLB Network ranking six of their prospects in the top 100, while also failing to mention that prospects are inherently lottery tickets and one blown out shoulder can end a career. A strong farm system is great and all, but the Royals had the best farm system EVERRRRRR a couple of seasons ago, and haven't finished at .500 since 2003. Next up. Loria discusses the funding for Marlins Park, and admits that the Marlins paid only $161.2 million towards the construction of the stadium. I'm just going to go ahead and link to Deadspin's report about the true cost of the park, which Loria refers to by saying "those who have attacked us are entitled to their own opinions, but not their own facts". Seriously. Loria then discusses the team's finances, saying that the team doesn't have unlimited funds (despite Loria being a billionaire), and that last season's payroll wasn't sustainable and that the team needed to start all over from scratch. He also mentions that the fans didn't turn out the way the team wanted last year with that high-priced roster...man, is he going to be in for a surprise this year.  Do you want an example of an owner that has no idea why people are criticizing the hell out of him? Look no further than Jeffrey Loria. He seems oblivious to the fact that people are pissed off that the Marlins paid under 20% of the cost of Marlins Park when you look at the raw numbers, but are really paying just over 6% of the total cost when the interest of the loans taken out by the city and county are taken into account. He's oblivious to the fact that if you completely punt on a season (like the Marlins did in 2011), spend a ton of money to contend and fail miserably (like the Marlins did in 2012), and then cump off nearly all assets for prospects that won't contribute for the most part in 2013, you're going to be looked at across the league like a fool that has no idea what he's doing. Jeffrey Loria, ladies and gentlemen. Even when he tries to be transparent, he screws things up. [@luirangel] [follow]

GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Draymond Green to meet with Warriors at onset of free agency

Panthers rookie WR: We're going to be the dynamic duo

Examining Bo Ryan's legacy at Wisconsin

World Cup semifinals preview: US-Japan, Germany-England

Tim Duncan to help Spurs pitch LaMarcus Aldridge

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Report: Knicks gave up on signing Marc Gasol 'long ago'

Kings terminate Mike Richards' contract due to 'breach'

Report: Nets believe they can trade Deron Williams

Mickelson likely committed no crime even if he gambled

Report: Dwyane Wade to decline option, become a free agent

Darren McFadden: I feel like a rookie again

Fan bases most deserving of a Super Bowl 50 win

2015 NBA Draft grades: Eastern Conference

Report: Redskins urged by major group to change team name

Under the radar NBA free agents

Michael Sam, boyfriend Vito Cammisano broke up?

Top seven storylines entering free agency around the NBA

Former FSU mascot killed in argument over gumbo recipe

Royals slipping in ASG voting, lose two more starters

Fred Smoot: I played with gay players, 'everyone knew'

Bobby Portis brings donuts for media at press conference

John Calipari shares his thoughts on Confederate flag

Steve Weatherford, Jason Kelce get into Twitter beef

MLB News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

NBA Draft grades: Eastern Conference

Under the radar NBA free agents

Michael Sam, boyfriend broke up?

Mickelson linked to money laundering?

Reminiscing on 'Love & Basketball' 15 years later

Selecting the 2015 NL All-Stars

The Sixers' latest horde

Projected landing spots for NBA's top free agents

MLB changes format for Home Run Derby

Revis to work out with Patriots DBs

Peterson: I'm still NFL's best RB

Kobe gives great quote on friendship

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.