For the love of God, please stop with equating a franchise valuation increase with actual income...value can increase without investors realizing any financial gain - pretty much the only way they realize that increase themselves is by selling their stake, at which point the don't give two craps about what the team's payroll is anymore. Payroll needs to be tied to operating expenses year in/year out, not what Forbes says an organization is worth. The Brewers have the smallest market to try and generate revenue with in all of MLB - so they will always be at a financial disadvantage when it comes down to actual dollars and cents, not make believe pie in the sky money that doesn't exist unless a stakeholder sells and is no longer a stakeholder. All the conjecture of offering deferred payments, taking out loans against the franchise, reducing ownership stakes and the like are all strawmen options that just aren't realistic - if that was the standard practice, the Brewers would also be at a disadvantage doing so because larger markets with more valuable franchises could simply take out bigger loans and still shell out more $$ for team payroll. The Brewers had their highest opening day payroll by far this past season, and IMO it was largely a product of running significantly reduced payrolls a few seasons prior and having some wiggle room to bump up payroll and fill key MLB roster holes, namely Grandal at catcher. That moved worked out really well in 2019. Are people seriously upset we couldn't get Yasmani back in the fold for 4 more seasons at the same high AAV pricetag we got him for in 2019??? I'd have like to have him back for another 1-2 seasons at that price, but not 4 - since he got a long term deal from somewhere else that's fine. Move on, fill out the roster using that dollar allotment on other players and the overall quality of the team potentially improves.