Terry Mcguirk Net Worth – Terry McGuirk serves as the chairman of the Atlanta Braves of Major League Baseball. Seit completing his undergraduate studies at Middlebury College in 1973, McGuirk has worked for Turner Broadcasting System, where he served as CEO from 1996 to 2001 and is now vice chairman.
When he was chairman of the Atlanta Braves, McGuirk oversaw the development of and relocation to Truist Park, as well as a “astonishing” 47 percent increase in revenue for the team that year.
According to the team’s chairman and CEO, the Braves have set a player payroll budget of $94 million for this year, which leaves them with several million dollars left over to spend on other things.
While speaking with The Atlanta Journal-Constitution in his Turner Field office, Terry McGuirk also stated that team owner Liberty Media has expressed no intention of selling the club in the near future. McGuirk’s comments came during a lengthy interview.
In another noteworthy development, McGuirk revealed that the Braves are locked into 25-year local television contracts, which will prevent the team from benefiting from Major League Baseball’s trend toward dramatically higher telecast rights fees.
“It’s important to remember that the Braves have a payroll that’s near the middle of the pack among Major League Baseball teams, and that has drawn sharp criticism from some fans during an off-season in which the team has made no significant acquisitions,” McGuirk said.
He stated that the Braves have “a little over $90 million right now” committed to 2012 salaries and that the team will reach the previously undisclosed $94 million budget, which is a slight increase over last year’s, through acquisitions before or during the season, according to the report.
In total, he said, “we will be spending 94% this year.” The Rangers have a lot of young players to keep an eye on in spring training. “There are still decisions to be made,” says the author.
He claims that the Braves’ projected revenue will only allow them to support a payroll of $94 million, and that the team will be unable to sustain that level of operations because it will have “no profitability, no free cash flow.” Last season, the Braves finished 15th in the Major League Baseball in terms of attendance, which was about the same as their position in terms of payroll.
McGuirk acknowledged that the team’s $94 million payroll “will appear to be closer to $84 million in actual players on the field” because the team will pay $10 million toward pitcher Derek Lowe’s salary, despite the fact that Lowe was traded to the Cleveland Indians in October after being ineffective last season.
It was clear that McGuirk was not going to make any apologies for the Braves’ payroll, which was less than half that of NL East champion Philadelphia last season, or for the team’s inability to compete for high-profile free agents in recent years.
“I believe that this team, with all of our youth, has the potential to be good for a long period of time, to continue to raise enthusiasm in Atlanta, to generate revenue, and to allow us to spend more money on the team,” he said.
“In a way, I almost look forward to it when one of our competitors enters the free-agent market because it is such an inefficient and wasteful use of resources,” he continued. “In the free-agent market, you almost never get your money’s worth out of your investment. Everyone has a limited amount of money to spend, so when someone wastes those dollars in a competitive situation, it benefits everyone.”
McGuirk stated that the Braves’ philosophy of developing talent through the minor-league system remains firmly entrenched in the organisation.
This, he believes, is a reflection of “a genuine confidence in our minor-league system,” as evidenced by the lack of activity this winter. “I wouldn’t trade our young people for the youth corps of any other team.” “I believe that the state of the franchise is extremely favourable.”