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Report: Giants' CEO Neukom will not return

Posted on: September 14, 2011 8:19 pm
Edited on: September 14, 2011 9:15 pm
 
Neukom

By Evan Brunell

Managing partner and CEO Bill Neukom will not return to the Giants next season, the San Jose Mercury News reports.

Neukom, who has overseen the Giants since succeeding Peter Magowan in 2009, was asked to leave by the executive committee after a series of disagreements over the three years Neukom has been in control. Larry Baer, the team's president and COO, is expected to succeed Neukom, who may yet stay in the organization at a different position, although it won't be his choice.

Neukom, Microsoft's former top attorney, angered partners by determining on his own how to spend the additional money that the Giants received due to winning the World Series. Starting last October, Giants merchandise rose $500,000 a month. Couple that with a rabid fan base that has nearly sold out the park, and there's been plenty of cash as a result. He boosted payroll and added new technology to the baseball department with the money, counter to the executive committee's wish that the money be used as a rainy-day fund. The committee was so far out of the loop that they would sometimes read of Neukom's moves in the paper before being apprised.

The passing of Neukom could potentially clear the way for Oakland to finally move to San Jose. Neukom has been staunchly opposed to giving up San Jose as a territorial right, despite the A's gifting S.F. these rights years back. While S.J. is further away from San Francisco than Oakland, it's also the home of many technological companies, which could affect the Giants' sponsorship rates if the A's moved to San Jose, a question that has been in limbo for years. Commissioner Bud Selig hasn't offered up any opinion on the matter that has been on his desk for years, but Neukom stepping down could be the jolt needed to re-energize talks. But for now, it's impossible to know what impact, if any, Neukom's departure will have on the A's move to San Jose.

Given that Neukom's successor worked right under Neukom and is expected to stay in power, the Giants shouldn't be adversely affected by the transition, although the executive committee's push to have the cash as a rainy-day fund instead of investing it back to the team in the hopes of keeping up competition as well as raising the qualify of baseball operations' tools is a potential glimpse into a future San Francisco team run under tighter financial constraints.

For the first time in history, the Giants have a payroll over $100 million, coming in around $120 million for 2011. The $95 million spent in $2010 was also at the time a franchise-high, but the team has sustained $90-million payrolls in the past. While it's only good business practice to hold some money back for future investments, the Giants were also in a prime position to significantly increase and retain additional business. In addition, infrastructure upgrades in the front office can be appealing to potential employees, raising the talent. Without intimate knowledge of Giants finances, it's difficult to determine what the correct course of action was. As Neukom is finding out, though, going against the executive committee and making a disagreement out of it is not the way to go.

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Comments
hotmeuly
Since: Dec 2, 2011
Posted on: December 20, 2011 5:02 pm
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peulouy
Since: Dec 2, 2011
Posted on: December 18, 2011 9:45 am
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Since: Dec 2, 2011
Posted on: December 8, 2011 12:00 am
 

Report: Giants' CEO Neukom will not return

Hopefully , Russell doens't discover booted trip reveal the fact summer time original...obviously has all the outline entertianing



Since: Aug 10, 2006
Posted on: September 15, 2011 3:05 am
 

Report: Giants' CEO Neukom will not return

Well, none of those players, nor Brian Sabean, will be going anywhere next season, but you could have a point there Stan.  The Giants' investors might be tempted to follow the Cubs business model, where an iconic Park brings the crowds in year after year, while the team rarely contends.  But before anyone begins to proclaim gloom and doom in the future of this franchise, you need only look south to see how truly far a franchise can fall under bad ownership.  Or just look across the Bay, if you want.  I'm sure the A's owners hope this change will benefit them, as the author of this article plainly thinks it could.  But Bill Neukom was not the only Giants' investor that did not want to give up the South Bay for nothing to the Athletics, far from it actually.  I doubt the Giants public position concerning a new stadium in San Jose for the A's will change.



Since: Jan 29, 2011
Posted on: September 14, 2011 9:46 pm
 

Report: Giants' CEO Neukom will not return

Given that Neukom's successor worked right under Neukom and is expected to stay in power, the Giants shouldn't be adversely affected by the transition, although the executive committee's push to have the cash as a rainy-day fund instead of investing it back to the team in the hopes of keeping up competition as well as raising the quality of baseball operations' tools is a potential glimpse into a future San Francisco team run under tighter financial constraints.

note to self...
this cannot be good 

 

Bye bye Timmy and Matt,and Buster,and Madison,and Pablo,and Brian,and any young player with great skills...
HELLO!
To any available aging over the hill player with 1 maybe 2 mediocre years left. 
2010 was truly a magical season and 1 that willl always be remembered in Giants lore,this move may assure that 2010 will be the only magical season the Giants may ever experience.

Sad Day for Giants fans.     


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