So that’s the primary expense line item of the income statement, the projected payroll.
What are the primary revenue sides of the statement? Forget attendance for the moment - what is TV/radio revenue? What is advertising revenue? Shared MLB TV revenues? And oh, going back to the expense side of the equation - “Rate Field” rent? What is it these days?
You can’t look at one line item on the financials in a vacuum and try to assess its reasonableness. You need to see the whole picture.
And with the present owner, the whole picture suggests he’ll continue to show profits next year with his inferior product and likely at a higher profit margin than most of his peers. This, in a major market, and entering his 45th year of ownership. Wow. Just a big, ‘ol wow at this point.