27:
35:
436:, 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.
283:. 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
361:, 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.
428:
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
91:
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
128:
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
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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
177:
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.
107:
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
70:
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
137:) 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
145:
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.
396:. 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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268:. 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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392:, 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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26:
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The term also has a counterpart in "railroad salvage", the discount sale of goods damaged in derailment or other accidents.
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85:
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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Proceedings of the
Fitchburg Historical Society and Papers Relating to the History of the Town Read by Some of the Members
318:
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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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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began trading away several of their high salary players and key cogs in the championship run, with
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279:, where the team had played since 1968, in favor of constructing a stadium on a plot of land near
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34:
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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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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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514:. Vol. iii. Fitchburg, Massachusetts: Historical Society. 1902. p. 210.
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627:"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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161:, where the most infamous fire sale occurred in 1997. Weeks after winning the
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577:"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
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552:"Major-league deal: A's to purchase land near Strip for new ballpark"
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275:. 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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Another infamous fire sale took place immediately after the
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through a fire sale twice. In 1914, the Athletics lost the
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The second and more consequential fire sale came after the
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process, teams often obtain players who are already in the
720:"Reds fan protest trades outside Great American Ball Park"
393:
770:"Cincinnati Reds' 3-22 start among worst in MLB history"
62:. They are said to occur in the financial markets when
718:Goffinet, Jared; Marshall, Payton (15 March 2022).
695:"Reds fans protest team trades ahead of the season"
603:"MLB crops angry fan signs out of Oakland A's clip"
388:. This led to fan protests on social media and at
341:sold the team to a group led by former MLB player
295:Another infamous fire sale occurred in 1994. The
349:, nearly all of the team's star players, notably
791:
717:
670:"Phillies reach five-year deal with Castellanos"
287:, which were controversially cropped out on the
652:"Nightengale: Many burned by Marlins fire sale"
38:Fire sale in Christchurch, New Zealand, c. 1933
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16:Sale of goods at extremely discounted prices
467:"Fire Sales in Finance and Macroeconomics"
465:Shleifer, Andrei; Vishny, Robert (2011).
33:
25:
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376:most of their star players, including
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54:. It may or may not be defined as a
13:
601:SFGATE, Gabe Lehman (2023-04-29).
58:, the final sale of goods to zero
46:is the sale of goods at extremely
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322:, they sent away such players as
471:Journal of Economic Perspectives
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204:. On December 12, Mack traded
87:the following entry is found:
1:
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693:Massey, Miana (2022-03-16).
412:. Several star players like
372:traded, refused to sign, or
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408:had a fire sale during the
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10:
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78:
18:
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556:Las Vegas Review-Journal
390:Great American Ball Park
531:Perseus Digital Library
446:Suggested retail price
187:Philadelphia Athletics
157:is especially used in
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75:negative information.
39:
31:
745:"Where you gonna go?"
159:Major League Baseball
89:
37:
29:
434:association football
153:In sports, the term
19:For other uses, see
743:WKRC (2022-04-12).
483:10.1257/jep.25.1.29
366:2021-22 MLB lockout
277:Oakland, California
118:professional sports
181:Owner and manager
40:
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424:and team captain
351:Giancarlo Stanton
320:Toronto Blue Jays
273:move to Las Vegas
222:Chicago White Sox
191:1914 World Series
163:1997 World Series
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195:"Miracle Braves"
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218:George Earnshaw
206:Mickey Cochrane
167:Florida Marlins
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410:2018–19 season
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386:Eugenio Suarez
297:Montreal Expos
242:Boston Red Sox
210:Detroit Tigers
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124:occurs when a
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633:. 2023-07-11
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558:. 2023-04-20
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494:. Retrieved
477:(1): 29–48.
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418:Mike Hoffman
414:Matt Duchene
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400:Other sports
382:Jesse Winker
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332:Mark Buehrle
324:Josh Johnson
317:
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266:Jimmie Dykes
238:Rube Walberg
214:Johnny Pasek
199:
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154:
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115:
98:
95:
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84:
82:
43:
41:
368:, when the
343:Derek Jeter
304:1994 season
254:Jimmie Foxx
230:Lefty Grove
202:1933 season
183:Connie Mack
171:Moisés Alou
139:draft picks
52:fire damage
810:Bankruptcy
794:Categories
779:2023-02-01
754:2023-02-01
729:2023-02-01
704:2023-02-01
679:2023-02-01
637:2023-07-14
612:2023-05-10
587:2023-05-10
562:2023-05-10
525:Plutarch.
452:References
422:Mark Stone
328:José Reyes
299:ended the
262:Doc Cramer
258:Al Simmons
234:Max Bishop
73:signalling
66:who value
48:discounted
774:USA TODAY
527:"Crassus"
491:154994846
315:in 2005.
313:Nationals
311:, as the
250:Bob Kline
175:Al Leiter
155:fire sale
143:prospects
122:fire sale
60:inventory
44:fire sale
21:Fire Sale
496:20 April
440:See also
285:Coliseum
185:put the
149:Baseball
101:Plutarch
56:closeout
800:Pricing
674:MLB.com
631:AP News
240:to the
220:to the
208:to the
193:to the
105:Crassus
79:History
64:bidders
607:SFGATE
536:4 July
489:
384:, and
374:waived
357:, and
330:, and
289:MLB.tv
264:, and
165:, the
112:Sports
68:assets
487:S2CID
805:Fire
749:WKRC
699:WLWT
538:2023
498:2018
404:The
345:and
244:for
236:and
224:for
212:for
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141:and
126:team
120:, a
479:doi
432:In
394:WLW
116:In
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