Re:Why So Many Rich People Don’t Feel Very Rich
by loewenskind on Wednesday January 12, 2011 @03:17AM
(#2095429)
>Looking at http://eh.net/encyclopedia/article/haupert.mlb the average price of baseball tickets has, after adjustment for inflation, not changed very much.
>What has changed is the value of the income from TV.
And as mentioned by another commenter, merchandise and so on. Even if what you're saying were true that players have a larger percentage of the overall pie that their team makes (I don't believe this for a second without a lot more analysis) that could indicate that they were under-compensated before and are now getting a fairer share. Perhaps because of unions, perhaps because of (as you mention) free agents.
Sorry, this theory is wrong.
Looking at http://eh.net/encyclopedia/article/haupert.mlb the average price of baseball tickets has, after adjustment for inflation, not changed very much.
What has changed is the value of the income from TV. Even so, the revenue for players has risen faster than the income from TV.
Another factor, not shown, is the size of the audience.
However even if you add all that together, I believe that salaries have still gone up by more than revenue. And I attribute that to the rise of free agents.