Miami Marlins revenue and payroll are very questionable

For years now I've been saying that the Miami Marlins ultimately need to spend like a Miami team. I understand that Bruce Sherman has a plan with Peter Bendix, where the team won't spend too much and ultimately build a winning team through the farm system. In other words, the model that Bendix's former team the Tampa Bay Rays use.

The Miami Marlins have an interesting discrepancy between revenue and payroll.

We now know the team revenues for the 2023 season and of course the payrolls for the 2024 season. Here's the list of team revenues for the 2023 season:

1. New York Yankees - $679 million.
2. Los Angeles Dodgers - $549 million.
3. Chicago Cubs - $506 million.
4. Boston Red Sox - $500 million.
5. Atlanta Braves - $473 million.
6. Philadelphia Phillies - $458 million.
7. Houston Astros $445 million.
8. San Francisco Giants - $443 million.
9. Texas Rangers - $425 million.

10. Seattle Mariners - $396 million.
11. New York Mets - $393 million.
12. Los Angeles Angels - $388 million.
13. St. Louis Cardinals - $372 million.
14. Washington Nationals - $355 million.
15. San Diego Padres - $345 million.
16. Minnesota Twins - $342 million.
17. Toronto Blue Jays - $328 million.
17. Baltimore Orioles - $328 million.
19. Milwaukee Brewers - $320 million.
20. Cleveland Guardians - $315 million.
20. Cincinnati Reds - $315 million.

1. 22. Arizona Diamondbacks - $314 million. 23. Colorado Rockies - $313 million. 24. Pittsburgh Pirates - $309 million. 25. Detroit Tigers - $306 million. 26. Kansas City Royals - $302 million. 27. Tampa Bay Rays - $301 million. 28. Miami Marlins - $295 million. 29. Chicago White Sox - $288 million. 30. Oakland Athletics - $241 million.

There's a lot to unpack here. We can see that the New York Yankees had the highest revenue. The Miami Marlins were right at the bottom and are below the luxury tax threshold. It's then not a mystery that the team spent only $123 million on payroll. It's clear to me that Bruce Sherman needs to make the team more competitive, as winning brings in more fans, more fans means more revenue.