Because how can you not love a baseball player named "Bubba"?
Even though I've been seriously concerned about the economy for awhile now, I'm really surprised at how quickly it's affected Major League Baseball. Surely the multimillionaire kings of the diamond would be immune to the downturn, at least for awhile.
Nope. There are a lot of big name stars still looking for jobs. Some players and their agents suspect collusion, but they're in denial. The problem is the economy:
Rather, it would seem to be a confluence of factors that has caused this ice jam in the free agent market - the economy, the downside of many players left on the market and a disconnect between the agents and the new-market value of their clients. You could add to that the gloomy long-term economic picture former treasury secretary Paul Volcker painted for the owners at their meeting in New York last November. Between that and Bud Selig's even more dire follow-up speech, the owners were left pale-faced.
..."I always felt the top 5-6 guys would get their money and the Yankees pretty much took care of that," said one baseball executive. "But I can tell you, teams are scared to death about how the economy is going to affect all their in-ballpark revenues, above and beyond just ticket sales. Things like advertising, corporate sponsorship and merchandising."
Labels: The Greater Depression
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