Fans  cheer before the start of a playoff game at SunTrust Park.
Photo: Jason Getz/Special to the AJC
Photo: Jason Getz/Special to the AJC

Breaking down the Braves’ $540 million in debt

A new financial filing by Braves owner Liberty Media shows how the team accumulated $540 million in debt. 

According to a quarterly report filed Tuesday with the Securities and Exchange Commission, the Braves’ debt as of Sept. 30 included $305 million from the construction of SunTrust Park, $160 million from development of The Battery Atlanta mixed-use complex, $45 million for operations and $30 million from construction of a new spring training facility in North Port, Fla. 

» MORE: Braves revenue is up, and so are their expenses. 

The team’s total debt increased $70 million between June 30 and Sept. 30, rising from $470 million to $540 million. 

During that time, construction continued on additions to The Battery and on a 47,000-square-foot “Braves Academy” building at the spring training complex.

Separately, Liberty Media’s filing Tuesday showed the Braves with $52 million committed in guaranteed compensation for 2020 under long-term contracts with players, coaches and executives, as of Sept. 30.

That figure doesn’t include what the Braves will wind up paying arbitration-eligible players and other players on one-year contracts, but it underscores that the team should have ample financial room to shop aggressively on the free-agent and trade markets during the offseason, if it chooses to do so.

The Braves had a final 2019 player payroll of $144 million, which includes $6 million spent for buyouts of 2020 options in four players’ contracts. The payroll ranked middle of the pack among MLB teams, 14th out of 30.

» ALSO: Braves hope to keep Donaldson, add catcher and starting pitching

Support real journalism. Support local journalism. Subscribe to The Atlanta Journal-Constitution today. See offers.

Your subscription to the Atlanta Journal-Constitution funds in-depth reporting and investigations that keep you informed. Thank you for supporting real journalism.

Download the new AJC app. More local news, more breaking news and in-depth journalism.
AJC.com. Atlanta. News. Now.

Download the new AJC app. More local news, more breaking news and in-depth journalism.
AJC.com. Atlanta. News. Now.

With the largest team in the state, the AJC reports what’s really going on with your tax dollars and your elected officials. Subscribe today. Visit the AJC's Georgia Navigator for the latest in Georgia politics.

Your subscription to The Atlanta Journal-Constitution funds in-depth reporting and investigations that keep you informed. Thank you for supporting real journalism. Visit the AJC's Georgia Navigator for the latest in Georgia politics.

X