Originally posted 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]

Ios_download En_app_rgb_wo_45

Cam Newton won’t be ‘lured in’ by talk of undefeated season

Report: Miami job is Mark Richt’s 'if he wants it'

WATCH: Cowboys’ security guard being investigated for choking Panthers fan

Mariners ‘trying hard’ to trade Mark Trumbo before Wednesday’s tender deadline

Bill Belichick: Patriots always looking to improve win or lose

NFL: Refs did not blow calls on Ravens' blocked FG return


Roethlisberger: I’ll play through any injury but a brain injury

LeBron James feels ‘kind of sad’ about Kobe Bryant retiring

Singer Marc Anthony creates agency, signs Aroldis Chapman

Jimbo Fisher: I’m not leaving Florida State

76ers raise ticket prices for Kobe's final appearance

Ricky Jean Francois says Redskins can ‘win it all’

Report: Jim Hackett’s tenure as Michigan’s interim AD is ending

Josh Norman pretends to be a movie character each game

Ex-Giants OL Chris Snee 'wanted to see the Jets lose all the time'

Kyle Long gives Bears tickets to trash collector who found wallet

Last of a dying breed: Kobe's retirement marks end of an era

Are the Houston Rockets looking to trade Ty Lawson?

Anonymous agent: Lakers have 'no plan and no leadership'

LeBron on never facing Kobe in Finals: 'I didn't hold up my end'

Jerry Jones expects Tony Romo to start another five years

Devon Still announces that daughter is cancer-free

Ranking college football conference title games

Green rips ‘coward’ reporter for calling Warriors cocky

Lindsey Vonn on Tiger Woods: ‘I loved him and I still love him’

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.
Get it now!
Ios_download En_app_rgb_wo_45

QUIZ: Name every NCAA football national champion since 1950

Browns lose to Ravens as only the Browns know how

NCAA figures out how to invite 5-7 teams to bowls

Ranking top Heisman Trophy candidates

Have the New Orleans Saints given up?

This weekend in NFL stupid, ft. Rex Ryan

Missouri won’t accept a bowl bid at 5-7

Durant blasts media on behalf of Kobe

Josh McCown laments how he got job back from Manziel

Paul George: Kobe Bryant was my Michael Jordan

Today's Best Stuff
For Publishers
Company Info
Follow Yardbarker