Yardbarker
Yardbarker
x
Athletics’ John Fisher looking to make $500 million sale ahead of Las Vegas move
Image credit: ClutchPoints

The Athletics’ run in Oakland is over and they will be temporarily moving to Sacramento. Fans and pundits say that John Fisher is to blame for their move, saying he could have stayed in the East Bay if he truly wanted to. They have somewhat gotten their wish for Fisher to sell the team. The New York Post is reporting Fisher is looking to sell 25% of the Athletics before they move to Las Vegas.

Billionaire Oakland A’s owner John Fisher is looking to cash in on the team’s move to Las Vegas by selling off a minority stake that values the franchise at $2 billion — a whopping 66% increase from its most recent valuation,” Josh Kosman reported.

The shovels are not in the ground on the Athletics’ stadium in Las Vegas. They will not move there for at least another three years and be in a minor-league stadium until then. Fisher trying to “cash in” on something that has not happened yet. He is also overvaluing his team, according to Kosman. Forbes valued the franchise at $1.2 billion while he values them at $2 billion.

Wherever the Athletics play, they are still a professional sports team and the value of francishes is exploding. The Washington Commanders were sold for $6 billion dollars when they did not have a team name. The Arizona Coyotes went for $1 billion and the White Sox could go for $2 billion.

Future of the Athletics looks dark

An Oakland Athletics fan holds a sign in reference to owner John Fisher and president Dave Kaval (not pictured) during the sixth inning against the Cincinnati Reds at Oakland Coliseum. Kelley L Cox-Imagn Images

The Athletics will be playing without a city name for their time in Sacramento . No Sacramento A’s or California A’s, just the A’s. After their three-year jaunt in the AAA ballpark of their biggest rival, the San Francisco Giants, they’ll move to Las Vegas. The plan is to build a partially-domed stadium on the site of the former Tropicana Hotel. The plans include a 33,000 seat capacity, the smallest in Major League Baseball.

When the Athletics do move to Las Vegas, it will almost certainly explode their valuation. The Golden Knights of the NHL have had tremendous success in Vegas and the Raiders have done well financially. A new stadium and a new city will not attract fans forever, however. Oakland had great fans but were not going to the park because the product was not attractive.

John Fisher needs to improve the Athletics’ roster to bring fans to their Las Vegas stadium. Selling a portion of the team to increase cash flow, and therefore payroll, would be a great first start. The timing is interesting, as nothing is promised in Vegas right now, but fans should be happy with this move overall.

This article first appeared on MLB on ClutchPoints and was syndicated with permission.

More must-reads:

TODAY'S BEST

Braves' Brian Snitker Announces Matt Olson News After 746 Straight Games
MLB

Braves' Brian Snitker Announces Matt Olson News After 746 Straight Games

Atlanta Braves first baseman Matt Olson has been the most durable player in MLB over the course of his ten-year career. The 31-year-old left-handed slugger has not missed a regular-season game for the Braves, appearing in all 162 matchups over the past three seasons. Olson also appeared in every possible regular-season game twice during his six-year stint with the Athletics, accomplishing the feat in both 2018 and the pandemic-shortened 2020 season. His offensive production continues to be elite as his career progresses, despite the workload—making him one of the league’s most valuable players to roster. He earned his third All-Star appearance at Truist Park this year. Matt Olson Injury News Heading into Wednesday’s series finale against the Chicago White Sox, Olson has logged 746 consecutive games dating back to May 2021, the 12th-longest streak in MLB history. Before the game, manager Brian Snitker announced that Olson had been dealing with a sore toe sustained while running the bases on Tuesday, but believed Olson could play through it. The first baseman was reportedly adamant about remaining in the starting lineup. “#Braves' Matt Olson is dealing w/ a sore toe, which Snitker said happened while running out a double Tuesday. He's in the lineup tonight, his 747th consecutive game. ‘I tried to get him to take (day off), but he wouldn't,’ Snitker said. ‘Something that he can play through, I think,’” wrote The Athletic’s David O’Brien. Olson’s Durability Continues to Anchor Braves Amid Disappointing Season The Braves have had a disappointing season after entering the year with World Series aspirations, and without Olson’s durability, the team may have fared even worse. Olson has smashed 19 home runs and driven in 72 runs while batting .267 with a .366 on-base percentage and .819 OPS across 125 games for Atlanta. He’s locked into the Braves’ long-term future after signing an eight-year, $168 million contract in 2022, and although he’s made it clear the streak is important to him, the toe injury and its severity will be worth monitoring. Atlanta may have to make a tough decision if it worsens.

Steelers have major injury concern leaving preseason
NFL

Steelers have major injury concern leaving preseason

The No. 1 priority for NFL teams in the preseason is to get out of the games without major injury. The Pittsburgh Steelers may have failed with that one on Thursday night against the Carolina Panthers. Defensive lineman Derrick Harmon, the team's first-round pick in the 2025 NFL Draft, had to be carted to the locker room with a knee injury while also looking visibly upset as he was taken back. The team announced almost immediately that he would be out for the remainder of the game with a knee injury. Head coach Mike Tomlin provided an update after the game: Defensive line was a top priority for the Steelers this offseason, especially after their playoff loss to the Baltimore Ravens where they allowed nearly 300 rushing yards to end their season. Along with Harmon, they also selected Iowa's Yahya Black in this year's class to help try to beef up their line. Harmon is expected to play a major role in this year's defense and was already in a starting position. With star defensive lineman Cameron Heyward holding in as he tries to get a new contract from the team, that puts even more importance on Harmon's ability to make an impact. He has had a strong training camp, and after a quiet first preseason game, he really took a big leap forward in the team's second game, recording a sack against the Tampa Bay Buccaneers. If Heyward returns, and if Harmon's injury is not serious, the Steelers would have the potential to have a really strong defensive line with those two joining rising star Keeanu Benton. Right now, though, those are a lot of "ifs," especially as it relates to the availability for Heyward and Harmon for the team's season opener.

Giants rookie shines again, completing promising preseason
NFL

Giants rookie shines again, completing promising preseason

Preseason football can produce some misleading results, but the New York Giants have to be ecstatic with what they have seen from first-round pick quarterback Jaxson Dart so far. He impressed again on Thursday night against the New England Patriots, before being removed from the game to be evaluated for a concussion. The Giants said he cleared the concussion protocol. Prior to that, however, Dart was showing all of his skills in leading the Giants offense. While his final stat line only shows a 6-for-12 passing performance for 81 yards, some of those incompletions were passes that could — and, perhaps, should — have been caught. He did not get a lot of help from his wide receivers. Even so, he still completed a 50-yard pass to Gunner Olszewski, and then connected with Greg Dulcich for a touchdown on a laser of a pass. Along with the passing, Dart also showed off his ability to run with a 23-yard gain. The only downside to that run, however, is that it ended his night when his head hit the ground, resulting in him leaving the game to be evaluated for the potential concussion. Dart does not figure to be in serious competition for the starting job as veteran Russell Wilson seems to have that locked down, at least for now. But Dart has done everything he can in the preseason to show that he has the ability to play at the NFL level. Including his performance on Thursday, he leaves the preseason having completed 32-of-47 passes for 372 yards, three touchdowns, zero interceptions and also ran six times for 52 yards and a touchdown. It is hard for a rookie to do better than that in their first look in the NFL. The Giants have been searching for a long-term quarterback solution ever since Eli Manning retired and have gone through a revolving door of bad options. They are hoping Dart can finally put an end to that for the foreseeable future. There is still a long way to go before he gets to that level, but he has certainly made a great first impression.

Blackhawks make gargantuan commitment to young forward
NHL

Blackhawks make gargantuan commitment to young forward

The Blackhawks have officially announced a seven-year extension for pending RFA forward Frank Nazar. The deal will pay him an AAV and cap hit of $6.59M for a total value of $46.13M. It’s a gargantuan commitment to the 21-year-old Nazar considering his lack of NHL experience. The 2022 No. 13 overall pick lands the richest total-value contract in league history for someone with 56 or fewer career appearances, which is Nazar’s tally entering the 2025-26 campaign. Nazar, who still has one year left on his entry-level contract before his extension will kick in for 2026-27, has yet to spend an entire season on the NHL roster. Last year was his first full run in the pros after two years at the University of Michigan, but he made his NHL debut in the final three games of 2023-24 after signing his ELC. He did not make the Blackhawks’ opening night roster but, after recording 11 goals and 24 points in 21 games for AHL Rockford, was recalled in mid-December shortly after Chicago’s coaching change and never looked back. He faltered out of the gate, recording only one assist and a -5 rating through his first 10 appearances while averaging 14:44 of ice time per game. But under interim head coach Anders Sörenson, who had overseen his early-season success in Rockford, he was extended some patience. That paid off in the long run as Nazar built confidence, including a four-game point streak in January and a run of nine points in eight games in April to end the season. All told, Nazar finished the season with a 12-14–26 scoring line 53 games — ninth on the team — and averaged nearly 16 minutes per game. While size concerns (5-foot-10, 190 pounds) created some detractors about his ability to hold down his natural center position in the NHL, he saw a fair amount of time as Chicago’s second-line middleman behind Connor Bedard. His most common deployment (107 minutes) amid an astronomical 91 different line combinations used by the Hawks last year was at 2C between Tyler Bertuzzi and Teuvo Teräväinen, although he did also see some time up on Bedard’s wing. Nazar was seen as a top-10 threat in the 2022 class, but after slipping to Chicago and missing most of his freshman year at Michigan due to injury, there were warranted doubts about his development path. He silenced them quickly with a point-per-game sophomore showing for the Wolverines and has made about as good an adjustment to pro hockey as can be expected, given the lack of quality veteran support on the Hawks’ NHL roster. A long-term bet at what’s even now a conservative second-line price point in 2025 could pay incredible dividends for the Blackhawks if he remains a long-term top-six piece, even if it’s on the wing, as the cap increases and they reward the other pieces of their young core with long-term deals. There’s also an incredible risk factor for someone still relatively early on their development track with less than a full season’s worth of NHL experience. The only recent comparable for someone with his experience is Wild superstar Kirill Kaprizov, who signed a five-year, $45M contract after his rookie season (55 GP). Kaprizov, however, had far more professional experience after coming up through Russia’s KHL and was two years older than Nazar is now, making him a more projectable player. Kaprizov also took home the Calder Trophy that year and had twice the offensive output Nazar did. As such, the Blackhawks are betting hard on Nazar being a long-term solution, either as a wingman for Bedard or as a second-line center behind him. There’s certainly reason for optimism – he’s developed well and is coming off a spectacular World Championship showing with the United States that earned him a spot at their Olympic orientation camp. He’ll be under contract through the 2032-33 season and can walk to unrestricted free agency upon expiry. Getting Nazar’s extension out of the way now isn’t just about him, though. Chicago has two other big-ticket RFAs next summer — Bedard and new No. 1 goalie Spencer Knight — who will take serious resources to extend. They still have barely over $40M in allocated cap hits for 2026-27, though, leaving them with virtually unlimited spending power under a projected $104M cap. Elliotte Friedman of Sportsnet first reported the Blackhawks were signing Nazar to a seven-year extension. Bleacher Report’s Frank Seravalli reported a more accurate cap hit in the $6.6M range.

Customize Your Newsletter

Yardbarker +

Get the latest news and rumors, customized to your favorite sports and teams. Emailed daily. Always free!