Previously, I wrote a piece on attendance clauses in contracts of professional sports players. Recently, a story broke which touched upon my analysis. In Ken Griffey Jr’s contract with the Seattle Mariners, there is a clause which will pay Griff a hefty $1.25 million bonus if he is able to maintain last season’s statistics and […]
Tag: Economy
If you’re not a Godfather fan like myself, you may not have caught the Hyman Roth quote, but these words are easily applicable to the sports industry. Whether you like it or not – and if you’re an avid reader of this site I’m guessing you like it – the business of sports is almost […]
Navigating a business in desperate times is not something new for the Pittsburgh Pirates.
Veterans of selling tickets with a bad team, the economy is only part of the puzzle the Pirates have to solve when it comes to putting fans in the seats. Posting 16 straight losing seasons forces the Pirates marketing and ticket sales divisions to get creative.
Right now is my favorite time of the year. The weather is beautiful, classes are winding down, and baseball season is underway! There has been a lot of talk about how the economy has and will continue to affect the business of sports. While less tickets will be sold in every sport, I do not […]
There has been much concern about the financial conditions of NHL teams the past few months. Obviously, a struggling economy isn’t good for any sports team. So how will the depressing economic conditions of both North America and the National Hockey League affect NHL player agents? NHL General Managers held their winter meeting last week, […]
Every day, ESPN informs us that something new has happened in the Manny Ramirez/Scott Boras/Ned Colletti/Los Angeles Dodgers negotiations, yet nothing has changed. No deal has been made and Manny/Boras have little leverage; the baseball economy has shrunk and teams are not willing to spend THAT much money. Sure, the Yankees have spent a great […]
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Sports and the Economy
As our country deepens into a recession, we are now seeing how the poor economy is affecting the sports industry, firsthand. The NBA has laid people off, the NFL just laid off 10% of its work force, the NHL is on a hiring freeze, and the Arena Football League suspended its 2009 season. In addition, […]
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Nostalgic Economics
As I sit on the front porch of my house listening to the cheers of the high school football stadium that rests less then a hundred yards from my home, I cannot help but to feel a sense of nostalgia and longing for those blissful, care-free days. Sitting in the stands with my friends, laughing […]