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Sports Business

The Effect of the Economy on Sports

The year is 2009. Our country is faced with some of its darkest days in history. The U.S. economy is on a steady downfall and it is only getting worse. Many people who make a living on Wall StreetĀ are starting to zip up their pocketsĀ to try and save some money here and there. It seems […]

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Contract Negotiation MLB Players MLB Teams

MLB Teams Cashing In Without Arbitration

In just about 16 days, pitchers and catchers will be reporting in the MLB. However, with all of the excitement of a new season coming to a head, many players are cashing in with their respective ball clubs. Sometimes, though, the clubs get away with a bargain. In the MLB, if you are a scout […]

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Contract Negotiation MLB Players MLB Teams

Papelbon and BoSox make history

Closing pitcher Jonathan Papelbon and the Boston Red Sox have made history on Tuesday by agreeing to a 1-year, $6.25 million deal. This contract is the largest ever for a closing pitcher about to enter arbitration for the first time. Papelbon is one of baseball’s top closers. He saved 41 games last season when he […]

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Contract Negotiation MLB Players MLB Teams

Markakis and Orioles agree to extension

The Baltimore Orioles and 25-year old outfielder Nick Markakis have agreed to terms on a 6 year, $66 million extension. Markakis hit .306 last season, which lead the team. This deal is the second largest in Baltimore Orioles history behind Miguel Tejada’s $72 million contract in 2003. Markakis had his best season in 2007, when […]

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Contract Negotiation MLB Players MLB Teams

Phils lock up Hamels

The world champion Philadelphia Phillies have avoided arbitration with ace pitcher Cole Hamels. The Phils have given Hamels a 3-year, $20.5 million contract. The contract will reportedly give Hamels $4.35 million this season, $6.65 in 2010 and $9.5 million in 2011. In addition, a couple of incentives have been included in this contract: If Hamels […]

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Contract Negotiation MLB Players MLB Teams

Red Sox and Youkilis Agree to Deal

The Boston Red Sox and Kevin Youkilis have agreed to a 4-year deal worth more than $40 million with an optional fifth year, on Thursday. By agreeing to this deal, the Red Sox avoided an arbitration hearing for Youkilis. In 2008, Youkilis hit .312 with 29 homeruns and 115 RBIs. Youkilis also won the Hank […]

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Contract Negotiation MLB Players MLB Teams

Braves Lock Up Lowe, Kawakami

A while back, I reported that the Atlanta Braves were making a big effort to fill some holes in their pitching rotation. Well, it looks like they have been doing work. The Braves and Japanese pitcher Kenshin Kawakami agreed to a 3-year deal. While in Japan, Kawakami won 112 games in 11 seasons. Last year, […]

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Contract Negotiation MLB Players MLB Teams

Red Sox and Penny Finalize Deal

Brad Penny and the Boston Red Sox finalized a deal Friday which will have Penny in Boston for 1-year, giving him $5-million. Last season was Penny’s worst ever. He was on the disabled list for two months with shoulder tendinitis and bursitis. Penny went 6-9 with a 6.27 ERA. Nevertheless, the BoSox were able to […]

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Contract Negotiation MLB Players MLB Teams

Hoffman to the Brew Crew

41-year old closer Trevor Hoffman and the Milwaukee Brewers have agreed to a deal which will reportedly give Hoffman $6-million this upcoming season. The contract should give the team an option for 2010. Hoffman, a long-time San Diego Padre, had his offer from the Padres withdrawn after negotiations soured. Over 16 seasons with the Padres, […]

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Contract Negotiation MLB Players MLB Teams

Pat “The Bat” Signed by Rays

Pat Burrell, the hard-hitting, ex-slugger of the defending world champion Philadelphia Phillies now has a new home: the Tampa Bay Rays. The Rays and Burrell have agreed to a 2-year, $16-million deal. It is also reported that Burrell will donate a portion of his contract to the Rays’ Baseball Foundation which is the official charity […]