Whether baseball is still relevant in the grand scheme of the american social fabric is yet to be seen; but it is evident that it is here to stay no matter what
Thursday, October 7, 2010
Where's the Money coming from?
Basebal is America's past time. In recent years, ratings have gone down tremendously and, surprsingly, prices have gone up. With the opening of the new Yankee Stadium and many marquee players signing huge contracts, one may ask the question: where is all the money coming from? Its the simple law of supply and demand that if no one (or a lesser amount) of people want a product, the demand for it goes down. The fact that no one has instituted a salray cap or luxury taxes in baseball shows that maybe baseball is immune to whether people are actually watching it or not. Maybe the faithful few that still actually go to baseball games regularly are enough to keep the boat that is "America's past time" afloat. Maybe these die hard fans are enough to keep Derek Jeter (seen below) getting paid the equivalent to $5,000 for every single at bat.
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