Ricketts owns the fourth-most valuable team in baseball. Brett Davis-USA TODAY Sports

Cubs owner: 'The scale of losses across the league is biblical'

In mid-May, agent Scott Boras said that MLB owners shouldn't "privatize the gains and socialize the losses" as they negotiated with the MLB Players Association for the start of the 2020 regular season amid the coronavirus pandemic. 

While speaking with ESPN on Tuesday, Chicago Cubs owner Tom Ricketts hit out at any idea owners are holding onto excessive profits as they try to convince players to accept a revenue-sharing proposal and amend or void a March agreement that included pro-rated salaries for a pandemic-shortened season. 

Per Jesse Rogers, Ricketts said:

"The scale of losses across the league is biblical. The timing of the work stoppage, the inability to play was right before the season started. We're looking at 30 teams with zero revenue. To cover the losses, all teams have gone out and borrowed. There's no other way to do it in the short run. In the long run, we may be able to sell equity to cover some of our losses but that's in the long run. 

"Who would invest at the moment?"

Ricketts also campaigned for understanding from fans:

"Here's something I hope baseball fans understand. Most baseball owners don't take money out of their team. They raise all the revenue they can from tickets and media rights, and they take out their expenses, and they give all the money left to their GM to spend.

"The league itself does not make a lot of cash. I think there is a perception that we hoard cash and we take money out and it's all sitting in a pile we've collected over the years. Well, it isn't. Because no one anticipated a pandemic. No one expects to have to draw down on the reserves from the past. Every team has to figure out a way to plug the hole."

Ricketts added he's confident the two sides will agree to terms for some version of a season.  

On Monday, Brendan Kuty of NJ.com reported the owners and players continue to disagree on the length of the season. Owners prefer a campaign as brief as 60 or even 50 games, but the players have asked for a 114-game season. 

They could, however, drop that number to around 80 as a compromise. 

Zac Wassink is a football and futbol aficionado who is a PFWA member and is probably yelling about Tottenham Hotspur at the moment. Erik Lamela and Eli Manning apologist. Chanted for Matt Harvey to start the ninth inning of Game 5 of the 2015 World Series at Citi Field. Whoops. You can find him on Twitter at @ZacWassink



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SCORE:
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TIME:
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1918-1926
Pete Alexander
1876-1897
Cap Anson
1960-1961
Richie Ashburn
1953-1971
Ernie Banks
1900, 1913-1915
Roger Bresnahan
1961-1964
Lou Brock
1904-1912, 1916
Mordecai Brown
1898-1912
Frank Chance
1884-1887
John Clarkson
1928-1935
Kiki Cuyler
1987-1992
Andre Dawson
1938-1941
Dizzy Dean
1888-1889
Hugh Duffy
1984-1986
Dennis Eckersley
1902-1913
Johnny Evers
1942, 1944
Jimmie Foxx
1893-1900
Clark Griffith
1932-1933
Burleigh Grimes
1922-1940
Gabby Hartnett
1931-1941
Billy Herman
1929-1932
Rogers Hornsby
1956
Monte Irvin
1966-1973, 1982-1983
Fergie Jenkins
1930
George Kelly
1880-1886
King Kelly
1953-1954
Ralph Kiner
1934-1936
Chuck Klein
1938
Tony Lazzeri
1935
Fred Lindstrom
1986-1992, 2004-2006
Greg Maddux
1925
Rabbit Maranville
1966
Robin Roberts
1982-1997
Ryne Sandberg
1960-1974
Ron Santo
1980-1987
Lee Smith
1876-1878
Al Spalding
1976-1980
Bruce Sutter
1902-1912, 1916
Joe Tinker
1901
Rube Waddell
1876
Deacon White
1970
Hoyt Wilhelm
1959-1974
Billy Williams
1926-1931
Hack Wilson

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