PEORIA, Ariz. -- The Mariners made a $5.8 million profit for 2012, according to figures released to the Public Facilities District Board on Monday.
The club indicated the profit margin as part of its calculations toward determining an eventual profit-sharing agreement with the PFD in the Safeco Field lease.
The lease runs from 1996 through 2018 and the Mariners agreed at its inception to share 10 percent of their eventual profits with the community, through the PFD, once $200 million of losses incurred from the ownership group while playing at the Kingdome from 1995 to 1999 was eliminated.
The PFD owns and oversees operations of Safeco Field. An agreed-upon PFD calculation to determine that debt reduction includes the club's annual profit or loss, which in 2012 was $5,863,000. That number reflected the July trades of Ichiro Suzuki and Brandon League, two of the club's higher-paid players, in return for prospects after the team was out of contention.
For purposes of the PFD debt reduction, a different calculation is used that takes the net income based on GAAP [generally accepted accounting principles] and then adjusts on several other factors. For 2012, that meant adding a depreciation/amortization of $25.9 million and subtracting player signing bonuses of $18.9 million, as well as non-ballpark capital expenditures of $2.1 million and ballpark capital expenditures of $2.8 million.
That yielded a PFD special calculation figure of $7,968,000. When deducted from the previous year's total, the original $200 million debt figure is now down to $37 million. Once that number is eliminated, future profits will be shared with the PFD.
Beavan, Ramirez get work in on team's day off
PEORIA, Ariz. -- While most of the Mariners had a rare day off on Monday, right-handed starters Blake Beavan and Erasmo Ramirez each threw four innings in a Minor League intrasquad game to get their work in and stay on schedule.
Beavan threw 64 pitches in approximately four innings of work. In typical simulated-game fashion, extra outs were given in some innings to get the pitchers up to required workload against the Minor League hitters.
Beavan got four outs in his third inning, so officially he threw 4 1/3 innings while allowing four hits and one run with no walks and six strikeouts.
Ramirez was kept on the mound for two extra outs in his second inning and one extra in the third, so he officially threw five innings, allowing 10 hits and three runs with no walks and seven strikeouts while throwing 70 pitches.
But three of Ramirez's hits and two runs came in the second after he would normally have been out of the inning following a strikeout and double-play grounder with runners on first and third. Instead, the situation was extended and he allowed a triple and two singles while getting two more outs.
Ramirez loaded the bases in his final inning with three hits, including two infield singles, before striking out three in a row to end his day.
• The Mariners return to Cactus League play on Tuesday, with Felix Hernandez scheduled to go the first three innings against the D-backs at Peoria Stadium in his second start of the spring at 1:05 p.m. PT. Hector Noesi and Lucas Luetge are among the relievers expected to follow.
• Hisashi Iwakuma gets the start on Wednesday, pitching against the Royals in Surprise for a second straight outing. He threw three scoreless innings with one hit on Thursday against Kansas City.
• The Mariners announced a time change in their Saturday, June 8, game against the Yankees. That contest has been moved from 7:10 p.m. to 1:10 p.m. PT at Safeco Field and will be televised by ROOT Sports.
• Single-game tickets for all Mariners home games go on sale this Saturday at 10 a.m. PT. Tickets will be available at mariners.com, the Safeco Field box office and Mariners Team Stores. They will also be available at Ticketmaster Ticket Outlets and by phone at 1-888-SEA-HITS (service charges apply).
Monday is the last day for fans to register for a special online pre-sale opportunity to buy tickets on Thursday, two days before they go on sale to the general public. Log onto mariners.com/register to sign up for the pre-sale.