I asked my friend CoPilot to show me a financial comparison between the Brewers and the Dodgers. I don't think there is a ledger that shows expenses for travel, minor league clubs, scouts, etc.
⚾️ 2024 Financial Comparison: Brewers vs. Dodgers
Category
Milwaukee Brewers
Los Angeles Dodgers
Team Valuation
$1.7 billion
$6.9 billion
Revenue
$335 million
$752 million
Operating Income
$24 million
$21 million
Player Expenses
$172 million
$349 million
Gate Receipts
$97 million
$277 million
Payroll (Adjusted)
~$125 million
~$266 million
Revenue Sharing Paid
N/A
$150 million
Luxury Tax Paid
N/A
$103 million
🧠 Key Takeaways
The Dodgers generate more than double the revenue of the Brewers and spend twice as much on player salaries.
Despite that, the Brewers had higher operating income, showing strong efficiency for a small-market team.
The Dodgers paid $253 million in combined luxury tax and revenue sharing, which is more than the Brewers’ entire payroll.
The Brewers’ win-to-player cost ratio was 134, meaning they outperformed relative to payroll. The Dodgers’ was just 84.
Here are the two clubs compared against the league average:
📊 2024 MLB Financials Comparison
Metric
Milwaukee Brewers
Los Angeles Dodgers
MLB Avg per Club
Team Valuation
$1.7 billion
$6.9 billion
~$2.7 billion
Revenue
$335 million
$752 million
~$403 million
Operating Income
$24 million
$21 million
~$20 million
Player Payroll
~$125 million
~$266 million
~$173 million
Gate Receipts
$97 million
$277 million
~$127 million
Sponsorship
Est. $45 million
Est. $90 million
~$63 million
Attendance
~2.3 million
~3.8 million
~2.37 million
📉 Teams with Operating Losses in 2024
New York Mets: Lost an estimated $292 million, largely due to massive payroll and luxury tax penalties
San Diego Padres: Reported a $113 million loss, following aggressive spending and underperformance
Oakland Athletics: While exact numbers aren’t confirmed, their low revenue and relocation uncertainty suggest they likely operated at a loss