I never smoked, but I had a lot of friends who did back in high school, and the greatest thing about it was Camel Cash. Little currency-like coupons with Joe Camel’s face on them that, when collected in great numbers, entitled underage smokers everywhere to exchange them for beach towels and cassette players, and squeezy […]
We all know that making the postseason = $$$. Maury Brown has decided to measure how much $$$.
The Yankees, unlike every other business in the world, are not having trouble securing credit: The New York Yankees earlier this month borrowed $105 million from a group of banks led by Goldman Sachs to cover final cost overruns at the new Yankee Stadium, sources said. The loan brings the total debt on the stadium, […]
Maybe it’s crazy to look for hidden benefits in all of the recent economic strife, but I try to do it anyway. One of them — and I realize that it may be pie in the sky as opposed to a silver-lined cloud — is the possibility that the bad times may lead to an […]
No longer A-Rod free, but STILL every Thursday!
Sal reports back from the conference, where top officials from across US pro sports shared insights on everything from statistical analysis to the fan experience.
I missed this the other day, but in light of the problems in the Dominican, the chatter about a potential worldwide draft is increasing: Recent cases of fraud and potential corruption involving the signing of baseball players in Latin America have cast new attention to the possibility of a worldwide draft in major league baseball. […]
Friend of ShysterBall Pete Toms has an article up over at the Biz of Baseball about sports marketing in the wake of Depression v2.0. It’s a comprehensive cataloging of thr furor over banks using TARP dollars — or not using TARP dollars if you deny the fungibility of money — for sports sponsorships. Read to […]
Building a model to explain the money players make.
Like white people all over this country, I really love the idea of soccer. So do folks in Seattle: The Seattle Sounders FC may be the upstarts on the local sports scene, but the new pro soccer team appears to be having little trouble attracting sponsors and ticket buyers . . . The Sounders have […]
Neyer today shoots down the contraction whispers re: the A’s and Marlins. His basis: lack of necessity and politics: What’s more, even if both franchises were utter wrecks they still wouldn’t be serious candidates for contraction. No franchise would be. It was, what, eight years ago when this spectre was first raised, regarding the Twins […]
Pete has been agitating about this for a while, but now it’s official: The New York Yankees and Bank of America ended months of negotiations on a long-term, high-profile sponsorship agreement, fallout from the financial industry’s decision to accept aid from the federal government. While the sides never discussed naming rights to the team’s new […]
Phillies’ owner Bill Giles: All right, Scott, how much do you need? Scott Eyre (doggedly): Two hundred and forty-two dollars! Giles (pleading): Aw, Scott, just enough to tide you over till the bank reopens. Eyre: I’ll take two hundred and forty-two dollars. Giles starts rapidly to count out the money. Eyre throws his passbook on […]
I’ve defended the Citi-Mets naming rights deal against the political attacks because those political attacks have tended to be misinformed and hypocritical. The Mets deal is a big fat obvious target, but the criticisms ignore the fact that there’s an underlying contract in place that can’t magically be undone. More generally, these attacks stink of […]
Is Jeff Francouer worth $12 million? Is anyone?
Darren Rovell has a piece about Ken Griffey’s new contract containing a clause that gives him a substantial bonus for an unspecfied attendance bump in Seattle this year. More interesting was the rundown of past clauses: In 1997, the St. Louis Cardinals drew 2.63 million fans. So when they signed Mark McGwire, they agreed to […]
This has only the vaguest of baseball connections — the oh-so-common Moneyball analogy — but I know a lot of lawyers read this blog, so I offer it up anyway: When asked whether his firm might reduce prices in light of the meltdown, Linklaters senior partner David Cheyne replied, “[Clients] might have doubts as to […]
Mets! Yankees! Madoff! Stanford! Johnny Damon, earning $13 million this season, cannot pay his bills. Xavier Nady, earning $6.55 million, cannot purchase an apartment in New York. The Stanford Financial Group scandal extends to Major League Baseball. The issues facing Damon and Nady — both New York Yankees outfielders and both clients of agent Scott […]
At least their ticket office does: The Cleveland Indians may have found their most valuable statistics this season are coming from the ticket office rather than the playing field. Using statistical analysis of ticket purchases to understand the preferences and price limits of their fans, the Indians learned that fireworks after a game draw an […]
A decade late and several hundred million dollars short, Wayne Huizenga has regrets: Outgoing Miami Dolphins majority owner H. Wayne Huizenga bid an emotional farewell to his favorite franchise Tuesday, but for the first time admitted he might have broke up the Marlins a year too soon after they won the 1997 World Series. “We […]