As every American knows, our nation's favorite pastime is also big
business. The last fifteen years have been exceptionally good to
the business of baseball-with the growth in fan attendance, the
spread of cable television, the burgeoning interest in cards and
other baseball memorabilia, the historical appreciation of
franchise values, the emergence of a powerful players' union, and
average salaries that are almost twenty times their pre-1976
levels. Yet at this time of prosperity, major economic issues
trouble the sport: the threat of franchise relocation, the
continual flash points in collective bargaining, the growing
commercialization of the game, the club owners' collusive response
to free agency, lingering concerns of race discrimination, and the
arguably tenuous link between player pay and performance. This
fascinating book examines these and other major issues and assesses
their probable impact on the business of baseball. Contributors
begin by examining the effect of the reserve clause on competitive
league balance. They then investigate whether prior experience with
the salary arbitration process affects player demands in subsequent
settlements and compare salary differences between ineligible and
arbitration-eligible players. They consider the role of the
baseball fan as contributor to team winning, as season ticket
purchase, and as card-collecting hobbyist. Diamonds Are Forever
also looks at the link between player pay and performance. The
authors question whether such high salaries are actually earned by
players or are instead awarded by owners eager to have ""the
winning team."" They also discuss the growth in unequal
distribution of salaries among players. In the last section, the
authors look at racial discrimination in baseball and the influence
of a team's racial composition on salaries. From Babe Ruth to Nolan
Ryan, Doubleday to Skydome, baseball cards to Homer Hankies, the
nation has been enthralled for decades with the business of
baseball. Although the authors look to the future and consider
changes that might occur in this profitable pastime, they assure
that diamonds are forever.
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