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29. Bob Nutting, Pittsburgh Pirates
Tenure: 24 seasons (1996-present)
Purchase price: $92 million
Current team value: $1.275 billion
Net worth of owner: $1.1 billion
Source of wealth: Ski resort, newspapers
Team record: 1,703-2,17 (.458)
World Series titles: 0
Bottom line: Bob Nutting is proof positive that it doesn’t take half a brain to make a fortune. Fact is, very few mid-market teams pack this kind of potential. Insanely passionate sports town. Great baseball tradition. Out-of-this-world ballpark.
If the 17th-richest team owner put the 17th highest-paid team on the field, it would be a fairly consistent playoff contender and even bigger money machine. But no, they opened the 2019 season with a puny $76.1 million payroll, 27th overall per Spotrac.
As long as this once-proud franchise is held hostage by the tight-fisted owner, it’s destined to be a chronic underachiever.
29. Bob Nutting, Pittsburgh Pirates
Tenure: 24 seasons (1996-present)
Purchase price: $92 million
Current team value: $1.275 billion
Net worth of owner: $1.1 billion
Source of wealth: Ski resort, newspapers
Team record: 1,703-2,17 (.458)
World Series titles: 0
Bottom line: Bob Nutting is proof positive that it doesn’t take half a brain to make a fortune. Fact is, very few mid-market teams pack this kind of potential. Insanely passionate sports town. Great baseball tradition. Out-of-this-world ballpark.
If the 17th-richest team owner put the 17th highest-paid team on the field, it would be a fairly consistent playoff contender and even bigger money machine. But no, they opened the 2019 season with a puny $76.1 million payroll, 27th overall per Spotrac.
As long as this once-proud franchise is held hostage by the tight-fisted owner, it’s destined to be a chronic underachiever.