...in baseball ladies, baseball.
A great article about the market size of baseball teams, their total revenue, and players salary.
Here's an excerpt:
”Salaries should be understood in terms of profitability to the owners, not in terms of winning percentage,” says Professor Mertens. Such a concept may be heresy to rotisserie stat heads, but not to economists. Despite the Yankees’ failure to make the playoffs in 2008, the team made money, lots of it. More important to understanding baseball as a hugely profitable mega-business is understanding the importance not just of ARod to baseball, but of the Yankees brand itself. According to Professor Mertens “everyone wins when the Yankees win.”
http://seamheads.com/blog/2008/10/09/baseball-economics-size-matters-true-or-false/
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