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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