Economics of Baseball

A detailed Summary of Economics of Baseball

Just about everyone is aware of the problems that have

faced Major League Baseball for years. Every time a new

labor agreement is needed, there seems to be a battle

between the players and owners. And the players have won

every time. Baseball salaries are the highest of any sport,

the gap between large-market and small-market teams is

getting wider every year, and fan interest continues to

drop. This year, as the most recent labor contract was

coming to an end, it looked as if the players association

was going to go on strike. But at the last minute, an

agreement was reached, and baseball will go on, at least for

now. But has this agreement really helped solve the

problems of baseball? I will look into the facts of this

new contract and see if there is any chance of competitive

balance being improved, and if fans will continue to lose

their interest in Major League Baseball.

It has been argued that this new agreement will help

baseball regain competitive balance. But I believe that

this is only a very small step in the right direction, and

that any hope of balance in baseball will occur later rather

than sooner. One of the main points of interest, and one

have to continue to deal with much smaller amounts of TV

seasons of his contract. So that $10 million over those 2

the luxury tax will effect teams with payrolls over $117

things, people often refer to the National Football League.

sharing. The new agreement calls for $254 million of local

Approximate Word count = 1006
Approximate Pages = 4 (250 words per page double spaced)

Category: Sports

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