38:
46:
447:, clubs which go through financial troubles or are relegated and dropped into a lower division may need to go through a fire sale to reduce their operating expenses or replace the revenue lost from leaving the superior division. Players who are deemed to have overinflated wages or a lack of quality may be sold for low or no transfer fees in order to get their wage off the books.
294:. This was eventually changed to the plot of land where the Tropicana hotel and casino sits due to problems with the land that was originally chosen. The fire sale was seen by many as a way to provide a reason for this move. In response, Athletics fans hung several banners deriding team ownership and calling for the team to remain in Oakland at the
372:, were traded to different teams across the major leagues. The motive for the team dismantling was primarily to help lessen payroll to pay off the organization's outstanding debt. The team's popularity notably declined in 2018 as a result of the fire sale, with the team's attendance falling to the lowest in Major League Baseball.
439:
were traded in exchange for declining veterans, prospects and draft picks. Many perceived the fire sale as
Senators' management being unwilling to sign stars to long-term, expensive extensions, as many of them would be eligible to become free agents after the season. The Senators would finish dead
102:
In
December, 1856, the account of an extensive fire in the American House mentions the following occupants: E. B. Gee, clothing; T. B. Choate, drugs; J. C. Tenney, boots and shoes; Maraton Upton, dry goods; and M. W. Hayward, groceries. Maraton Upton removed his stock to No. 9 Rollstone block, and
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trades many of its veteran players, especially expensive star players, to other teams for less expensive and usually younger players. Teams usually have a fire sale for financial reasons. The term is generally thought of as different from merely "rebuilding" a team, because during a rebuilding
302:
broadcast. The fire sale had taken place since the beginning of the 2022 season, when the
Athletics suffered their worst season since 1979, losing 102 games. Despite fan protests, during the 2023 All-Star Game, Rob Manfred confirmed that relocation papers had been filed and that relocation
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among the first of many to go throughout the off-season and well into the 1998 season. This ended any realistic chance of the
Marlins' defending their title. They plummeted to a 54–108 record in 1998, the worst ever by a defending World Series champion.
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would show up to a burning building with a fire brigade and offer to put out the fire, or sometimes to buy the property at an outrageous discount. If the owner agreed, he would put out the fire. If they refused, he would stand by and let it burn.
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with the best record in the majors. But by the start of the following season, many of the team's young stars had either been traded or lost to free agency. The Expos never really recovered on or off the field from this, and moved to
81:
highly are prevented from bidding on them, depressing the average selling price below what it otherwise would be. This lowering of the price can cause even further issues because it may be inaccurately perceived as
148:) while also getting players from their minor league system; most rebuilding teams have few veterans remaining to jettison in the first place. On the other hand, trades in a fire sale often bring a team
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who have little to no major-league experience in their sport, in exchange for proven, experienced veterans. The term comes from the perception that the team is trying to get rid of all its players.
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last in 2018–19, while their former stars found success on other teams, and fan attendance and support dropped significantly due to a lack of good will with
Senators ownership and the fanbase.
407:. The Reds went on to only win 3 of their first 25 games, and ended up with a record of 62–100, which was only the 2nd time the Reds lost at least 100 games in a season.
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in a four-game sweep. Mack traded, sold or released most of the team's star players soon after, in what could be considered as the first fire sale in organized sports.
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780:
279:. The Athletics would never come close to having the success they had before the fire sale and the team eventually moved to Kansas City in 1955.
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730:
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403:, which in turn led to Phil Castellini telling fans "Where are you gonna go?" and "Be careful what you ask for" in an interview with
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283:
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37:
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The term also has a counterpart in "railroad salvage", the discount sale of goods damaged in derailment or other accidents.
428:
96:
Proceedings of the
Fitchburg Historical Society and Papers Relating to the History of the Town Read by Some of the Members
523:
Proceedings of the
Fitchburg Historical Society and Papers Relating to the History of the Town Read by Some of the Members
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The Miami
Marlins had another controversial fire sale in the 2012–2013 offseason. In a massive, 12-player trade with the
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41:
Closeout fire sale in Berlin, Germany, 1931. The sign says that the store is closing as it cannot afford the rent.
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proceedings had begun following the approval of a Nevada legislative package providing funding for the move.
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or who are close to being major-league-ready, while retaining at least some of their key veterans (such as a
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advertised "Extraordinary fire sale; customers are invited to call and examine goods which are still warm."
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31:
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began trading away several of their high salary players and key cogs in the championship run, with
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17:
290:, where the team had played since 1968, in favor of constructing a stadium on a plot of land near
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45:
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The term is adapted from reference to the sale of fire-damaged goods at reduced prices. In
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8:
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prices. The term originated in reference to the sale of goods at a heavy discount due to
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In the 2017–18 offseason, the
Marlins had yet another fire sale. After longtime owner
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525:. Vol. iii. Fitchburg, Massachusetts: Historical Society. 1902. p. 210.
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638:"Oakland Athletics start the process of applying to MLB for a move to Las Vegas"
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and $ 20,000. On the same day he traded another future Hall of Famer, sending
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172:, where the most infamous fire sale occurred in 1997. Weeks after winning the
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588:"Oakland A's reach deal to build stadium at Tropicana Las Vegas, per report"
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The
Athletics went through another major fire sale in anticipation of a
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and $ 125,000. Between 1933 and 1935 the Athletics also traded or sold
244:
149:
563:"Major-league deal: A's to purchase land near Strip for new ballpark"
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70:
286:. In April 2023, the Athletics ceased negotiations with the city of
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and $ 100,000 and then traded Pasek and former 20-game winner
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375:
Another infamous fire sale took place immediately after the
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through a fire sale twice. In 1914, the Athletics lost the
211:
The second and more consequential fire sale came after the
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process, teams often obtain players who are already in the
731:"Reds fan protest trades outside Great American Ball Park"
404:
781:"Cincinnati Reds' 3-22 start among worst in MLB history"
73:. They are said to occur in the financial markets when
729:Goffinet, Jared; Marshall, Payton (15 March 2022).
706:"Reds fans protest team trades ahead of the season"
614:"MLB crops angry fan signs out of Oakland A's clip"
399:. This led to fan protests on social media and at
352:sold the team to a group led by former MLB player
306:Another infamous fire sale occurred in 1994. The
360:, nearly all of the team's star players, notably
802:
728:
681:"Phillies reach five-year deal with Castellanos"
298:, which were controversially cropped out on the
663:"Nightengale: Many burned by Marlins fire sale"
49:Fire sale in Christchurch, New Zealand, c. 1933
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27:Sale of goods at extremely discounted prices
478:"Fire Sales in Finance and Macroeconomics"
476:Shleifer, Andrei; Vishny, Robert (2011).
44:
36:
14:
803:
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611:
387:most of their star players, including
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65:. It may or may not be defined as a
24:
612:SFGATE, Gabe Lehman (2023-04-29).
69:, the final sale of goods to zero
57:is the sale of goods at extremely
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333:, they sent away such players as
482:Journal of Economic Perspectives
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215:. On December 12, Mack traded
98:the following entry is found:
13:
1:
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704:Massey, Miana (2022-03-16).
423:. Several star players like
383:traded, refused to sign, or
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450:
419:had a fire sale during the
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10:
837:
89:
29:
122:
567:Las Vegas Review-Journal
401:Great American Ball Park
542:Perseus Digital Library
457:Suggested retail price
198:Philadelphia Athletics
168:is especially used in
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86:negative information.
50:
42:
756:"Where you gonna go?"
170:Major League Baseball
100:
48:
40:
445:association football
164:In sports, the term
30:For other uses, see
754:WKRC (2022-04-12).
494:10.1257/jep.25.1.29
377:2021-22 MLB lockout
288:Oakland, California
129:professional sports
192:Owner and manager
51:
43:
435:and team captain
362:Giancarlo Stanton
331:Toronto Blue Jays
284:move to Las Vegas
233:Chicago White Sox
202:1914 World Series
174:1997 World Series
16:(Redirected from
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320:Washington, D.C.
312:strike-shortened
206:"Miracle Braves"
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257:Rabbit Warstler
229:George Earnshaw
217:Mickey Cochrane
178:Florida Marlins
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421:2018–19 season
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397:Eugenio Suarez
308:Montreal Expos
253:Boston Red Sox
221:Detroit Tigers
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135:occurs when a
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110:According to
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788:. Retrieved
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644:. 2023-07-11
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569:. 2023-04-20
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545:. Retrieved
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488:(1): 29–48.
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429:Mike Hoffman
425:Matt Duchene
414:
411:Other sports
393:Jesse Winker
374:
347:
343:Mark Buehrle
335:Josh Johnson
328:
305:
281:
277:Jimmie Dykes
249:Rube Walberg
225:Johnny Pasek
210:
191:
165:
163:
132:
126:
109:
106:
101:
95:
93:
54:
52:
379:, when the
354:Derek Jeter
315:1994 season
265:Jimmie Foxx
241:Lefty Grove
213:1933 season
194:Connie Mack
182:Moisés Alou
150:draft picks
63:fire damage
821:Bankruptcy
805:Categories
790:2023-02-01
765:2023-02-01
740:2023-02-01
715:2023-02-01
690:2023-02-01
648:2023-07-14
623:2023-05-10
598:2023-05-10
573:2023-05-10
536:Plutarch.
463:References
433:Mark Stone
339:José Reyes
310:ended the
273:Doc Cramer
269:Al Simmons
245:Max Bishop
84:signalling
77:who value
59:discounted
785:USA TODAY
538:"Crassus"
502:154994846
326:in 2005.
324:Nationals
322:, as the
261:Bob Kline
186:Al Leiter
166:fire sale
154:prospects
133:fire sale
71:inventory
55:fire sale
32:Fire Sale
507:20 April
451:See also
296:Coliseum
196:put the
160:Baseball
112:Plutarch
67:closeout
18:Firesale
811:Pricing
685:MLB.com
642:AP News
251:to the
231:to the
219:to the
204:to the
116:Crassus
90:History
75:bidders
618:SFGATE
547:4 July
500:
395:, and
385:waived
368:, and
341:, and
300:MLB.tv
275:, and
176:, the
123:Sports
79:assets
498:S2CID
816:Fire
760:WKRC
710:WLWT
549:2023
509:2018
415:The
356:and
255:for
247:and
235:for
223:for
184:and
152:and
137:team
131:, a
490:doi
443:In
405:WLW
127:In
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