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Rays president Matt Silverman: Crew is 'not on the market'

March 14, 2025
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The Rays introduced Thursday morning that they won’t proceed with the plan to assemble a $1.3B stadium in St. Petersburg, Florida. The group has telegraphed that call for months. 

The Rays keep {that a} delay in approval for public funding from town and Pinellas County within the wake of the hurricanes has contributed to untenable value overruns — which had been to be the crew’s accountability underneath the preliminary plan.

Unsurprisingly, that call has additional strained an already tense relationship between the crew and native officers. St. Petersburg mayor Ken Welch instructed reporters he “(has) no real interest in working with this possession group,” including that the “bridge has been burned” (through Colleen Wright of The Tampa Bay Instances). 

County commissioner Chris Latvala additionally known as for proprietor Stu Sternberg to promote the franchise. 

“I feel the easiest way to maintain baseball in Tampa Bay is for Stu Sternberg to promote the Rays,” he mentioned (through Sam Blum of The Athletic). “This was most likely the most effective stadium offers that an proprietor has ever acquired in skilled sports activities, and it wasn’t adequate for Stu Sternberg.”

This all comes just a few days after The Athletic reported that commissioner Rob Manfred and varied house owners have privately urged Sternberg to promote. Crew president Matt Silverman reiterated that’s not at present on the desk. 

“The crew shouldn’t be on the market,” Silverman instructed Tom Krasniqi of 95.3 FM in Tampa Bay. 

Requested in regards to the report that Sternberg was underneath stress from the league, the crew president acknowledged “the opposite house owners aren’t proud of the place our revenues are” however implied that continuing with the stadium deal would have been “a mistake that (outcomes) in us persevering with to be an outlier and never with the ability to generate the mandatory revenues to be a full-fledged member of Main League Baseball.”

That aligns with Sternberg’s earlier feedback. “If it was (on the market), individuals would realize it,” the proprietor instructed The Tampa Bay Instances final month. “I’ve all the time been, and I’ll proceed to be, fairly clear about our intentions. And fairly — not fairly — however very trustworthy about them. And I’ve been.”

In December, the Rays mentioned in an announcement that they wished to renegotiate with town and county to “resolve this funding hole collectively.” Native officers have maintained they won’t approve extra public funding. 

Welch acknowledged Thursday afternoon that St. Petersburg is thru working with Sternberg’s possession group. Silverman, according to the Rays’ earlier feedback, mentioned the crew is excited about persevering with discussions on a brand new deal (presumably with extra public cash).

“It doesn’t change our devotion to the Tampa Bay space. It doesn’t change our want to determine one thing out. It simply means this particular undertaking on this particular timeline isn’t going to occur,” he instructed Krasniqi. He added that the Rays “will proceed to look to town and the county for these conversations and see how we are able to reengage and see if there’s an answer right here as a result of we had been shut.”

Moreover, it appears they’ll attempt to provoke new discussions with the Metropolis of Tampa, which is situated in Hillsborough County. 

“I feel we’ll as a result of we’ve to take a look at all prospects inside our area to determine an
reply,” Silverman mentioned. “We haven’t had any conversations with anybody on the Tampa/Hillsborough facet. We will’t till after March 31 (the official expiration date of the St. Petersburg deal).”

Tampa mayor Jane Castor launched an announcement to The Tampa Bay Instances that expressed openness to conversations:

“I’m disillusioned to listen to that the Rays don’t intend to comply with via with stadium plans in St. Petersburg. The aim all the time has been to maintain the crew in Tampa Bay. The Metropolis, Tampa Sports activities Authority and County are completely happy to talk with the crew as soon as once more, however any proposal should make sense for our taxpayers and neighborhood.”

With the St. Petersburg deal falling aside, there’ll be hypothesis from exterior the group about relocation. MLB mentioned Thursday afternoon that the league stays dedicated to the area. The Rays would wish to get approval from the league to discover alternatives exterior the Tampa Bay space.

The Rays will play the 2025 season at George M. Steinbrenner Discipline. They’re hoping to return to Tropicana Discipline for the 2026-28 seasons. The crew’s lease on the Trop initially ran via ’27 however was pushed again a 12 months with the crew not taking part in there this season. St. Petersburg is liable for repairing the injury to the Trop, which is able to reportedly value round $55.7M.

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