A few things about this: - He states that while payroll has gone up from 2018, so has attendance. The attendance went up by about 70,000. Let's say that equals $75 per fan (that's being generous). That would be an extra $5M. Their opening day payroll was up $32M from 2018 to 2019. He also dismisses the Spring training upgrades and assumes they were financed. I believe they totaled $50M (not sure if that's accurate, but I believe it's close).Even if they financed it, they now have additional financing payments on their books. He also does not talk about additional investments made in international scouting. We will see what the Forbes figures state for 2019, but I would not be surprised if the Brewers dropped considerably. - Lets assume that the Brewers can actually afford to pay for the likes of Rendon, Cole, or even Moustakas. Seems to me that is like saying someone with $10M and someone with $35M can both afford a $5M house. Sure, that may be true, but there is a lot less risk and pain for the person with $35M if the house turns out to be a big money pit. You are never going to convince me that the Brewers and other small market teams are on the same financial footing as the Dodgers, Yankees, Cubs, etc. Even taking into account the luxury tax, it does not make any sense considering the size of the fan base and TV contracts for such teams compared to the Brewers, Twins, Royals, etc. - He talks about how much San Diego has spent. How has that turned out for them so far? How has that been working for the Cubs? He choosing not to put any weight into what teams say they make or lose, but complete faith in Forbes. The people at Forbes are intelligent, but they are still just making estimates based on assumptions. There is a margin of error there.