According to Cot's, in 2007, their payroll was $24 million. In 2008, their payroll was $43 million. This year, their opening day payroll was nearly $73 million. If their profits were that small when the payrolls were so low, it's not a stretch for Sternberg to say that they're not going to come close to making a profit with a payroll that's $30 million higher than it was two years ago. If anything, I would think the leaked documents prove his point about this season, but I'm not an expert on financial documents.You could very well be right, but it wouldn't surprise me if their revenue has riven by $30 million or so to cover the additional player costs. Of course, attendance is only going to be up about 100,000 from 2008, but perhaps with their increased TV ratings, jersey sales, etc. Who knows though, owners have been known to understate their profit levels for as long as they've been around. If I were a betting man though, I'd be willing to wager that the Rays didn't raise their payroll because they wanted to lose millions (of course, they could have missed the boat on the amount of increased revenue they'd see).