Spring training has started and most of the Major League Baseball players are back in the fold with their teams. There are still some big name players that are unsigned, and baseball is blaming it on the economy?
Stop! What!?!?!? Have they lost their bloody minds?
Yes, the economy is in a downturn. It has yet to impact Major League Baseball, however. Salaries are at their highest ever, and attendance across the board is up. Baseball is booming, do not be fooled. The average major league salary is in the neighborhood of three million dollars per season. That’s a lot of coinage, and the owners must be doing well to be able to afford to pay out those high salaries.
If the owners were losing money they would not be handing out these big dollar contracts. It’s simple economics. They make money via merchandise and ticket sales, but also television contracts and the playoffs. The bigger money teams complain about having to revenue share with the smaller market teams, but everyone is profitable in the end.
So – don’t shed any tears when owners and players are both crying poor.
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