Albuquerque

Albuquerque Isotopes could get COVID relief help – Albuquerque, New Mexico

Albuquerque, New Mexico 2021-07-14 19:24:31 –

Albuquerque, New Mexico (KRQE) – Albuquerque isotope They say they are still trying to recover the loss from the pandemic and that they can get help from the federal government as part of the rescue of the minor league team. Both houses have introduced a bill to distribute $ 550 million between minor league teams.

This is because the Triple-A team has returned to nearly sold out at the stadium after the pandemic canceled the entire 2020 season. “On July 4, we had the largest crowd of minor league baseball,” said John Traub, general manager of isotopes.

It’s a normal feeling after the franchise loses 75% of its full-time staff, with no ticket sales or concessions. About 90 percent of these employees have since returned, according to Traub.

“I think the final numbers were like 99.8% of normal earnings, we lost,” Traub explained. The revenue they made came from online merchandise sales that Traub considered a reduction in buckets compared to the normal year.

To provide financial support, the city exempted the team from annual rent throughout 2020. Isotope says it will make quarterly payments in 2021. The city said it received a rent of about $ 175,000 and an additional $ 15,000. Of ticket costs, concessions and merchandise.

“We haven’t realized a lot of new revenue this year, and we’re still working on last year’s revenue,” Traub said.

The team said it could benefit from the minor league baseball aid package introduced in Congress last month. The bill pays up to $ 15 million per minor league franchise to help independent teams struggling with an unused COVID bailout fund.

“We need to figure out what we are eligible for and how it applies,” Traub said. “It doesn’t completely perfect us, but it will guide us in the right direction.”

Forbes has named a popular franchise among the most valuable minor league teams. It is reported to be worth $ 34 million in 2016.

It is unclear exactly how much they are trying to get back. “We won’t disclose the details, but believe me, it was in the millions of dollars,” Traub said.

If the crowd is any sign, the New Mexicans are eager to help get their team back on track. “We are part of the structure of this community. Last year people missed it. Last year they missed it,” Traub added.

Ken Young, a partial owner of Isotopes, also owns three other minor league teams that may benefit from the bill, including two in Maryland and one in Virginia.

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