07
Nov
Bust Up Big League Sports

From Wired:
Major league athletes are rewarded for talent, toughness, and single-minded dedication. Major league team owners, on the other hand, are rewarded for mediocrity. Having bought their way into a league, lackadaisical owners can extort hundreds of millions of dollars from their hometowns (and charge exorbitant ticket prices) under threat of decamping for another city. They can allow wretched teams to languish year after year and pocket the league’s revenue-sharing money rather than invest it in talent, knowing that when they’re ready to sell, a scrum of millionaire suitors will materialize.




