The Washington herald., 1913-02-26
GOOD MANAGERS ARE
GREAT INVESTMENTS
Big Salary Paid Leader Often Come.
Back Into Strong Box
Tenfold.

New York, Feb. 25-John ]. McGraw
is authority for the statement that ur
TO the time when ne sighed his new FIVE.
year contract with the Giants. at the
highest salary ever paid in baseball, he
was receiving $4,000 annually. This
means that under the new ARRANGEMENT
he will receive a yearly stipend of ap-
proximately $4,000
! Following this announcement the dis
cussion has arisen whether any manager
| is worth that much to a club After as
suming the affirmative In such a debate. il
Is necessary to deviate a bit from the
| direct question at issue in order to ad-
| vance conclusive arguments
| Every major league club makes money.
| In many instances, however, the profits
are not as great as is popularly believed.
The average fan has accepted without
much question the prevailing reports to
the effect that American and Nat'or al
League clubs realize close to six figures
every season. Such cases are the excep-
tfon rather than the rule
First division clubs are always sure Of
making fair profits on the amount in
vested. The net receipts of second diyi-
sion stubs frequently, however, are so
small as virtually to amount to losses
when the capital tied up is taken into
consideration
ihe 81 LOUIS Natlonai League team
last year finished in sixth place. and vet
tne profits of the club amounted to only
slo'o', according to the statements which
were supposed to have been made orti
clally in connection with Roger Bresna
mans suit against the club 10 recover
10 per cent
Al the very least. nearly sSoo. 600 is in
vested IN the Cardinals. which means that
,ne pronts amounted to per cent. A busi-
ness venture Is not generally known as a
profitable Investment at that rate of re-
turn.
On the other hand, all four clubs which
rfished in the first division probably made
s19"Oo and upward, and yet in many cases
ulere is no more actual cash involved
IN the upkeep of the enterprise than in
the case of ST. Louis.
III there is that much difference in the
pronts or hrst and second division clubs
II naturally follows that a club can We'll
anord to expend a goodly amount Of
money to get into the first division and
still make the additional profits warrant
the outlay
80 much more then can be expended n
pE so DONG a championship, or even a
near championship. team is the result
therefore. If the profits of the New York
oaseoaIi club were 100000 and more last
season. it can well afford to pay out . per
cent OF even little more, in order tnat |
the coming season may be as profitable. |
Until the time that McGraw took cbarye
OF the Giants the team had never made
much money-that is, it had not made big |
money for several seasons Ever since il |
mas made money. for the reason that Nc
Graw has always had the team in the
night for the pennant. and it never has
outside the first division.
Under such conditions, even If the profit.
which accrue during the remainder Of the
McGraw regime fail to prove as great as
they did last year and the wear before
the money spent In paying McGraw is
merely being spent for what he has al
ready done for the stockholders of the
club.