According to to Liberty Media’s quarterly filing with the SEC (h/t Willie Montanez), the Braves reported revenues of $251 million for FY 2013 (through 9/30) with a operating income — the difference between operating revenues and operating expenses — of $52 million.
That’s an increase of $21 million from the same period in 2012, when the team reported revenues of $216 million and an operating income of $31 million.
And that doesn’t count the extra $25 million in national TV revenues. If the Braves spent half of their additional $46 million in profits on players their payroll would be about what Washington’s was in 2013.
Instead we’re told the payroll will probably end up at around $95 million — roughly $5 million above last year’s.
You don’t need me to tell you where the other $40 million is going.