Orioles control owner David Rubenstein spoke to Yahoo Finance this week at the annual World Economic Forum in Davos, Switzerland. He mentioned twice how the Orioles are in “pretty good shape," endorsed a salary cap and went over some of the ballpark renovations.
The club’s payroll has risen to 15th in the majors at $156 million, per Roster Resource, and we’re waiting for the outcome of Jorge Mateo’s salary figure exchange. He’s seeking $4 million and the Orioles countered at $3.1 million.
Rubenstein described the payroll as “consistent with our needs,” and added, “I don’t think anybody is not playing with the Orioles because of money reasons."
“Spending the most money doesn’t always guarantee you a World Series championship," he added, "and in fact many times people with smaller payrolls have won the World Series. I’m reasonably optimistic we’re gonna do well this year.”
Rubenstein explained how the luxury tax works, with a penalty incurred for teams going over it.