Economics of Baseball

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 …

…does not help to restore competitive balance in the next couple of years, then baseball is in for more trouble than if they went on strike and corrected these problems. Fans in cities like Pittsburgh, Miami, Montreal, and Cincinnati will eventually stop watching baseball as they continue to see no signs of hope from their teams. After all, how many times can we all sit and watch the New York Yankees in the World Series?