Aug 05, 2022
Braves: 3 moves they should make thanks to impressive revenue numbers
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Charlie Morton, Atlanta Braves. (Photo by Mitchell Leff/Getty Images)
The Atlanta Braves are raking in copious amounts of cash, meaning they will be big spenders.
In the wake of their World Series championship, the Atlanta Braves have become a cash cow.
Per Tim Tucker of the Atlanta Journal-Constitution, the Braves’ quarterly revenue increased 20 percent to $260 million.Slated to draw more than 3 million people at the gate this season, which would be the first time Atlanta has done that since 2000, the Braves are expected to be one of the biggest spenders in baseball once again. It would be like Ted Turner never sold the MLB franchise…
With the power of a nationwide fanbase, as well as the awesome and incredibly profitable Battery, here is what the Braves can look to do next now that they have ascended into the next tax bracket.
The Braves already signed Austin Riley to a 10-year, $212 million extension on Tuesday, as well as took on $48 million of Raises Iglesias’ salary in the deadline deal that brought the former Los Angeles Angels closer over to Atlanta.Atlanta Braves: 3 next big moves they can afford to make with increased revenue3. Find a long-term solution for Charlie Morton in the Atlanta starting rotation
With veteran right-hander Charlie Morton turning 39 years old in November, Braves fans have to wonder how much is left in the tank for Ole Ground Chuck. Although he has pitched great over the last two seasons for Atlanta, he will be hitting free agency in March. At this point of his career, he may just opt to retire to spend more time with his family than sign with a team not named Atlanta.
But with that increased payroll coming and a notable spot pretty vacant in the rotation, the Braves can be big spenders for some of the top names entering the market. While Mike Soroka could be rejoining the rotation in 2023, the Braves might want to make their biggest rival hurt by signing Jacob deGrom away from the New York Mets. His Stetson connection has tied him to the Braves.
If deGrom were to leave New York, Atlanta would probably be the likeliest suitor to land him. He hails from the same area of Florida that gave Braves Country Chipper Jones. It may not be advantageous for deGrom to turn heel at this stage of his career, but it cannot be ruled out entirely either. Regardless, Atlanta has the cash to add a veteran starter to its rotation if Morton retires.
With much of the Braves rotation still on its rookie deals, they can afford to pay the big bucks here.Next: No. 2 Next1 of 3Prev postUse your ← → (arrows) to browse
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Education | UC admissions drop overall, but more California residents invited to attend
Despite receiving more applications than last year, the University of California system admitted just shy of 125,600 freshmen this year — a 5% drop from the 132,353 invited to enroll in 2021, according to preliminary findings shared by UC.
But the drop came entirely among the high-paying, out-of-state and international students that UC has been widely criticized for favoring in recent years at the expense of home-grown applicants. The number of first-year college students from the Golden State increased slightly, setting a new record.
“The university’s enduring dedication to California’s young people and its partnership with the state continue to attract unprecedented numbers of talented Golden State students,” UC President Michael V. Drake said in a statement. “It is our privilege to be able to offer admission to the state’s largest-ever class of California students.”
The number of California freshmen systemwide was up 1.2% to more than 85,250 students. Meanwhile, the number of out-of-state admits plunged 19% to just under 23,000, and the number of international students was down 12% to about 17,500. In recent years, the legislature has given UC more state funding to enroll more Californians.
Olufemi Ogundele, UC Berkeley’s associate vice chancellor of enrollment management and dean of undergraduate admissions, also chalks up the shift to increased recruitment events in-state and more robust financial aid packages to entice more students to continue their education in California.
“Given the pandemic, many institutions had fewer events,” Ogundele said in a statement. “We welcomed the students, and we are seeing all of those efforts bear fruit.”
Still, his own campus, one of the system’s most elite, may welcome its smallest cohort overall of incoming students in four years when classes begin August 24. Only 14,600 freshman applicants and 5,250 transfer students received acceptance letters to Cal.
UC Berkeley accepted 11.4% of the more than 128,000 first-year students who applied to tackle classes in 2022 — down from last year’s 14% — while 27% of transfer students were admitted.
Those numbers could have been even lower. UC Berkeley narrowly dodged a court order tied to an environmental dispute with neighbors to slash 5,000 admission offers this year and continues to struggle to provide enough beds for its students in the Bay Area’s tight housing market. But university spokesperson Janet Gilmore said in a statement that “the litigation issues of this winter ultimately had no impact on the number of admission offers.”
Zooming into UC Berkeley’s newest cohort of Golden Bears, accepted students came from all but five of California’s 58 counties, 55 U.S. states and territories and 88 different countries. Demographics within that pool of newly admitted students remained diverse: 39% Asian, 24.5% Latino, 22.3% white, 5.5% Black, 3.5% Filipino and 0.8% Native American.
Although this was the first year that all state public universities formally eliminated standardized test requirements — California is the first and only state to nix the SAT and ACT — admissions into UC Davis, Irvine, Los Angeles, San Diego and Santa Cruz each plummeted between 14.5% and 23.3% this year. Santa Barbara’s rates fell 7%.
Only two UC campuses — Merced and Riverside — each sent out more than 2,500 additional acceptance letters this fall.
One reason is that at more-competitive campuses, enrollment increased unexpectedly last fall, when more students than anticipated accepted their admission offers. That forced campuses to hold down numbers this year. It’s not yet clear what the 2022 enrollment figures will be.
Breanne Boyle, a past president of the Western Association for College Admissions Counseling who also runs her own college advising business, said the fact that more families may have applied to in-state schools in order to save money on tuition, housing or transportation during the pandemic may also have skewed the numbers.
“The numbers of applications have gone up so much, but it’s not like the UCs are opening up more seats to kind of keep up with that,” Boyle said. “Therefore, the admit rates have been driving down lower.”
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Still, Boyle isn’t too concerned, about admission at the UC system or to other schools.
“Even unrelated to the UC system, colleges are still admitting students like they were before the pandemic,” Boyle said. “They still want students.”