Stee-Rike Four!: What's Wrong with the Business of Baseball?

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When major league baseball cancelled its 1994 season following a player strike, fans were shocked that the national pastime could be brought to a standstill by a collective bargaining dispute. The strike was largely responsible for bringing the economics of the game into sports discussions and raising questions about the business of baseball. Will players' rising salaries destroy baseball? How will revenue-sharing and luxury taxes affect competitive balance? Should taxpayers subsidize their local team? This volume answers the basic questions about the economics of the sport, from salary arbitration to baseball's antitrust exemption, in a clear style geared for readers with no formal background in economics.

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Editorial Reviews

Explains economic and business aspects of the game in plain language. Part I provides historical background on collective bargaining in major league baseball, and Part II deals with free agency and salary issues. Part III examines issues such as revenue-sharing, salary caps, and luxury taxes, and Part IV contrasts opposing perspectives on baseball's antitrust exemption. Part V looks toward the game's future, with chapters on third party financing of stadiums and antitrust. Many of the chapters were written before the labor agreement that ended the baseball strike of 1994. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9780275957063
  • Publisher: Greenwood Publishing Group, Incorporated
  • Publication date: 6/28/1997
  • Pages: 232
  • Product dimensions: 6.46 (w) x 9.61 (h) x 0.97 (d)

Meet the Author

DANIEL R. MARBURGER is Associate Professor of Economics at Arkansas State University.

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Table of Contents

Tables and Figures
Introduction 1
1 Whatever Happened to the "Good Ol' Days"? 7
2 Why Can't Baseball Resolve Its Differences in the Off-season? 37
3 Will Rising Salaries Destroy Baseball? 55
4 Free Agency and Competitive Balance 61
5 Final Offer Salary Arbitration (FOSA) - a.k.a. Franchise Owners' Self Annihilation 73
6 Salary Arbitration in Major League Baseball: A Case of Dog Wags Tail! 85
7 The Salary Cap and the Luxury Tax: Affirmative Action Programs for Weak-Drawing Franchises 97
8 Increased Revenue-Sharing for Major League Baseball? 111
9 Whither Baseball after the Strike of 1994? 123
10 Why Baseball's Antitrust Exemption Must Go 135
11 Preserve Baseball's Antitrust Exemption, or, Why the Senators Are out of Their League 143
12 The Stadium Mess 165
13 Baseball in the Twenty-First Century 175
14 Concluding Remarks 187
Appendix 199
Selected Bibliography 203
Index 207
About the Contributors 215
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