Econ Ed Link: Baseball Economics 201

Some believe our national pastime may be threatened by the big market, high revenue teams like the Yankees (or the New York Mets, Chicago Cubs, Boston Red Sox, etc.) and that smaller market teams (e.g., the Florida Marlins, San Diego Padres or the Pittsburgh Pirates) cannot compete for the high salaried free agents (e.g., Alex Rodriguez, Manny Ramirez) necessary to win championships. Are MLB teams losing money? Are MLB owners looking to dump unprofitable teams on unsuspecting investors? Are MLB players grossly overpaid? This lesson will help your students answer these and other questions.