New York Yankees Oligopoly

The New York Yankees were a very popular baseball team in the 1960s because of their ability to go far and win the world series 2 times in the 1960’s. In 1962 The Yankees went to the world series and played at Yankee Stadium(britannica.com). In the World Series, they ended up defeating the San Francisco Giants in game 7 so the Yankees could take the gold trophy(Britannica.com).Game 7 in the world series means that the two teams playing had an equal skill level.Each team won 3 games,but in the last game the Yankees took the gold by learning from their mistakes. In 1961 the

Professional baseball players work tirelessly to perfect their craft and deserve to be paid adequately. Another reason the MLBPA chooses to keep a free labor market is that with a more open labor market, team revenues can steadily increase and lead to increased player salaries. A negative side effect of this, however, is that teams can receive and use supplementary party revenues, which can help outbid competitors for top-tier free agents, and raise the cost of a player beyond the means of teams with fewer or no supplementary revenues (Zimbalist 24). Under this circumstance, which is currently the present state of MLB, a salary cap may become a sensible solution. On the other hand, if a salary cap system was in place, teams might be tempted to cheat by underreporting total revenues.

Having been tasked with developing and implementing a comprehensive marketing and promotional strategy for the Staten Island Yankees, the Class-A short season affiliate of Major League Baseball's famed New York Yankees, the first priority would be to conduct a thorough appraisal of the organization's current situation. Playing within the confines Richmond County Bank Ballpark, a 7,171-seat waterfront stadium on the northernmost tip of Staten Island, the team recorded a total attendance figure of 192,568 in the 2011 season. This figure means the average Staten Island Yankees game drew only 5,663 fans, or just 79% of the ballpark's capacity, which is unacceptable to say the least. Last season was even more disappointing in terms of local support for the team, and as the Staten Island Advance recently reported "Staten Island has seen an estimated 30 percent drop in reported attendance from a year ago, dipping to 3,934 fans per game through the first 22 home contests compared to 5,663 per game during the 2011 season" (Waggoner, 2012). After a 30-45 finish in last year's regular season, in conjunction with the MLB Yankees roster deterioration over the last offseason, it is reasonable to expect a decrease in attendance similar to the 30 per cent loss seen last year unless a concerted effort is made to revitalize fan support and rebuild the Staten Island Yankees brand. The following sales and promotional strategy report will

The Major League Baseball Association (MLBA) decided to issue a luxury tax in February of 1997. Paul D. Staudohar a sports analysis provides further insight about the luxury tax "in a sports sense it 's a surcharge put on the aggregate payroll of a team to the extent to which it exceeds a predetermined guideline level set by the league." The apparent purpose of this "tax" is to prevent teams in major markets with high incomes from signing almost all of the more talented players and hence destroying the

Yankee Stadium was said to have profited hundreds of thousands of dollars a year just by renting out the stadium to the Negro Leagues. Shadow-Ball further illustrates the substantial differences in funding between the MLB, and the Negro Leagues. Because they Negro Leagues didn't have the money to buy supplies such as baseballs in some instances, they created Shadow-Ball. In this process, the "players would actually practice hitting the ball and catching a ball that wasn't actually there. In fact, they would go full practices without even having a ball, which further enhanced their discipline and focus." (Conrads, pg. 6) but in some instances, when they couldn't play in Major League ballparks, they were simply left to play on the dilapidated fields various areas - wherever they could find a field. Other than this, the players in the Negro Leagues did not make as much money as their counterparts who played in the MLB. For example, in Jackie Robinson's case, he "signed his contract with the Dodgers…for the Major League minimum salary: $5,000…for the year." (Rampersad, pg. 167) Furthermore, in general, "Negro leaguers made about a quarter of what their counterparts in the major leagues were making," but they kept their spirits alive, obliterated the negative energy, and kept playing the sport they loved…baseball. (Conrads, pg. 2)

Twenty-five million dollars made per year. Over one hundred fifty-four thousand dollars made per game. Over forty-seven thousand dollars earned per at bat. Sounds a little ridiculous, does it not? That is what current Texas Ranger shortstop Alex Rodriguez earns to play the game of baseball (azcentral.com). Baseball is a game that children have been playing in schoolyards and fields for the past one hundred years. It may not be a game anymore. On the Major League level it has become a business. This is where the problem starts.

There’s always some people hating on the fact that MLB players are paid millions of dollars, but never have anything to back up how they are overpaid besides saying that it is ridiculous how much their paycheck is. Little do they know, that some of the money comes from fans, ticket sales, endorsements, and how well they perform. There is a lot more that goes into how they EARN that money.

Every year, it becomes more obvious that many sports in America have problems. For years, Hockey has been criticized for its excessive violence. The National Football League has also been scrutinized for this reason as well as the fact that many of the top players have constantly been in trouble with the law. Major League Baseball is no different. The situation with baseball is more complicated, and is not only ruining the game itself, but also drawing millions of fans away from the sport. The biggest problem is with the high salaries paid to athletes. These salaries are taking the competitiveness out of several sports, especially baseball, where there is no salary cap. Action must be taken

Every sports team/organization operates the same when it comes to salaries some players get paid more than others and salaries fluctuate based on the economy. In the 1920s the average monthly salary for a Negro baseball player was about $230 which is about $2,760 annually. Whereas in the 1920s the average annual salary for a major league player was about $5,000 to $6,000. Then the dreaded 1930s hit the decade of depression. Despite the failing economy baseball was and is America's pastime and is always popular among the people. People would always manage to go see a baseball game every now and then. This would allow for an average annual salary increase of about $1000 from about $5000-$6000 to $7000. It obviously made sense that as the economy is failing salaries would start to decrease. Of course they did Negro baseball players monthly salary went down from $230 to $170. Which would be $2,040 annually about $720 less than the previous

“It’s an honor to be playing with these four players and to be a part of their fifth World Series title and my first.” said Mark Teixeira as they won their 27th World Series. The Yankees are the best team to ever play the game of baseball. First of all, They have some of the best players to ever play baseball. For instance, Alex Rodriguez is the 4th all time home run leader with 696, Barry Bonds has the most with 762. Derek Jeter is 6th on the all time hits list having 3465. Babe Ruth, Joe Dimaggio, Lou Gehrig, and Mickey Mantle were all stars of the New York Yankees and they were considered some of the best players of all time. Next, The Yankees have the most World Series wins ever. They have 27 of them and the team with the second most

Any sports one looks at can be classified as a money-making pit. Scouts looking at young talent ready to sign them for a quick buck and then once they stop producing, move on to the next potential talent. Baseball is the sport that is an industry dominated by trying to gain a profit from a region’s juvenile talent (Ruck). Since 1947, when Jackie Robinson broke the color barrier, there has been an increase in Latin American countries represented in MLB. More than a quarter of major league players are from Latin American, with about half of the minor league players being Latino (Ruck). On the opening day of the 2011 season, eighty-six players represented the Dominican Republic alone. That is more than a tenth of major leaguers (Ruck). One would

Back in 1958, a man by the name of Walter O'Malley moved his professional baseball team from Brooklyn to Los Angeles. Although Walter didn’t know it yet, this move would affect the professional sports league in two significant ways. First, it expanded the market for professional sports to cities on the west coast in states like California, and Washington. Second, the relocation also altered the relationship between sports franchise and their communities.

Salaries for players has constantly increased. If you want the best players you have to be willing to pay them big money. The teams have to decide how badly they want to win. As the textbook points out “The 1997 Florida Marlins lost millions winning the World Series, and the owner proceeded to sell all of the team’s high-salaried players the following year” (Guell page 431). Even though the franchise had accomplished the biggest dream imaginable it came with a costly

The World Series brings in millions of dollars for the MLB(Major League Baseball). For baseball the WS is like the Super Bowl for the NFL. The World Series is unlike any other sport, baseball is played at the home teams stadiums rather than a designated spot for the games to be played. The Postseason is another way for revenue for the MLB. The most recent WS winners made a profit of “69.8 millions dollars”. This impacts that it has on cities are more tourists and profit for the stadium and teams to expand their salary caps.

In the United States, new sports stadiums are commonly seen as a vital part of the redevelopment of a city having a great economic growth with the production of jobs and a positive income builder. After this, the owners of the pro sports teams with millions and millions of dollars of subsidies for the construction of new stadiums and arenas and expect these facilities to generate economic benefits exceeding these subsidies by large margins. However, a growing body of fact indicates that professional sports facilities, and the franchises they are home to, may not be engines of economic benefit anywhere claims Sachse, “. In reality, sports franchises typically account for a very small proportion of the total economic output of the cities in which they reside.” Some economical studies on the amount of income and employment in US cities find no evidence of positive economic benefits associated with past sports facility construction and some studies find that professional sports facilities and teams have a net negative economic impact on income and employment. It just shows that these results suggest that at best, professional sports teams and facilities provide non-pecuniary benefits like civic pride, and a greater sense of community, along with consumption benefits to those attending games and following the local team in the media; at worst, residents