For sometime now, I’ve felt that the salaries paid to Pro Athletes in some sports had gotten out of hand. The players, agents and Unions always justified it by saying “whatever the “market” will bear”. Right…
Well…it seems like at least in one sport (Pro Baseball), the “market” isn’t “bearing” it. Selig stated that close to 10 teams are only surviving because of loans from the league, which will soon end. They will most likely fold. So, the questions:
1)What are they gonna do; have Atlanta playing the New York and LA teams? (I’m being facetious, but you get my drift…)
2)I AM NOT SUGGESTING THAT PLAYER SALARIES IS THE WHOLE PROBLEM, but are Pro Sports somehow “different” from other businesses, in that they can let employee salaries and bonuses get out of control and still survive? (For most businesses, employee expenses make up the majority of their overhead and is where they make the most significant cuts when they have to).
I’m not Pollyanna, guys…but 50, 80, 120, 250 million FOR ONE GUY? They CAN’T be surprised by their predicament, can they?
3)Is baseball only the “tip of the proverbial iceberg”?