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Spiegel & Holmes Show

Spiegs doesn't believe the messaging coming from the Cubs front office

Spiegel & Holmes Show

Audacy

Sports

4.2652 Ratings

🗓️ 9 December 2025

⏱️ 17 minutes

🧾️ Download transcript

Summary

Matt Spiegel and Laurence Holmes discussed the Cubs’ approach to the offseason, with Spiegel detailing why he has doubt that they’ll spend significant money on a pitcher of consequence.

Transcript

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0:00.0

There have been reports out there that the Cubs have the third highest revenue in Major League Baseball and yet the 14th highest payroll.

0:09.0

Thanks for starting off with the softball. I appreciate that. It's really hard to compare one team to another.

0:15.2

The revenue line that I see used most often is pre-revenue sharing. When you look at gross revenue numbers before

0:22.7

revenue sharing, before CapEx, before property tax, before amusement, all that, you're not really

0:27.0

seeing a real picture about what's available to put into your baseball budget. It would be like me

0:32.3

saying, hey, David, what was your gross income? And then what's your biggest expense? Let's call it

0:37.2

your mortgage boy

0:38.6

you're really rich and you're going to say yeah but you've ignored all of my other expenses and my

0:44.3

taxes so it's fodder it's interesting to talk about but it's you know wildly inaccurate

0:48.7

i don't know if that's quite apples to apples here, but I digress.

0:56.7

Wait, I don't digress.

0:58.1

Just for a minute.

0:59.8

According to a lot of numbers, the Dodgers revenue, they spend 73% of their revenue on the baseball operation.

1:10.2

The Cubs, if we're being generous on most of the reporting on this, are somewhere around 40%.

1:16.2

That's why, to me, the Dodgers are not the evil empire.

1:20.1

Well, I don't want that to sidetrack it.

1:22.1

I know.

1:22.3

I sidetrack the segment of conversation.

1:24.5

Now I digress.

1:25.8

Well, that was a digress. That was a digression right

1:29.1

there. But I hear you. Look, Crane Kenny, that was part of a couple of few minutes of kind of

1:37.1

trying to massage the messaging and massage the thought process that a lot of fans are having as they hear about the money and the spending.

...

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