Why Baseball Players Might Be Underpaid


	Why Baseball Players Might Be Underpaid

BobbyDelray

11-14-2007 11:29 AM

500 views

tags:

baseball, salaries, inflation, dollar, alex rodrigues, bureau of labor statistics, basebakll, value

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11-14-2007 5:28 PM

kkcapricorn

I used to be a real baseball fanatic. I can tell you the names, numbers and positions played by the members of the 69 Mets. It used to be a team. Their used to be camaraderie; now the guy who is your teammate today is your opposition tomorrow.

Yes they are overpaid -- it's all about money. And to overpay them the costs of seats, concessions, and souvenirs have skyrocketed.

11-15-2007 3:31 PM

doodleicious

i used to think i was underpaid also.....i just got-over it

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/0f8047cc-e6d5-48b4-ba9b-6a8f4c71d104/481704E0-7588-4CB9-86E7-2DFAC1DFBD9D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://blogs.wsj.com/numbersguy/why-baseball-players-might-be-underpaid-224/" href="http://blogs.wsj.com/numbersguy/why-baseball-players-might-be-underpaid-224/" style="font-size: 11px;">blogs.wsj.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/numbersguy/why-baseball-players-might-be-underpaid-224/">First, a dollar just isn’t what it used to be. When Mr. Rodriguez <A href="http://espn.go.com/mlb/news/2000/1210/937273.html">signed</A> his previous 10-year, $252 million contract in December 2000, the Federal Reserve’s index of the dollar’s value relative to other currencies was over 105. Now it’s <A href="http://www.federalreserve.gov/Releases/H10/Summary/indexn96_b.txt">barely</A> over 71. I</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/numbersguy/why-baseball-players-might-be-underpaid-224/">The dollar’s decline on the currency markets has been more dramatic than overall <A href="http://www.bls.gov/cpi/#data">inflation</A>, but that, too, eats into the value of the greenback. A lump sum of $252 million in 2000 is equivalent to $305.1 million today, according to the Bureau of Labor Statistics’ inflation calculator. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/numbersguy/why-baseball-players-might-be-underpaid-224/">In 2001, the first year of the first Rodriguez mega-contract, major-league players were getting 56% of their sport’s $3.5 billion in revenues. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/numbersguy/why-baseball-players-might-be-underpaid-224/">Yet this year, Jeff Passan <A href="http://sports.yahoo.com/mlb/news?slug=jp-freeagency111307&prov=yhoo&type=lgns">notes</A> on Yahoo Sports, players made only about 41% of baseball’s $6 billion in revenue.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://blogs.wsj.com/numbersguy/why-baseball-players-might-be-underpaid-224/">What do you think? 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