re: Bloomberg: MLB is an inferior good

quote:

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Baseball is clearly no longer the biggest sport in America but it is firmly grasped onto the number 2 spot. Baseball isn't going anywhere.

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THIS.

Money wise, baseball is just fine and that's what counts. Sure, you don't have the huge crowds like football, but 81 home games of crowds of paid attendance of 14k for the bottom teams up to 40k+ for the best teams = a shitpile of money.

So, do the math. (I'm going REALLY cheap here)

14k per game for 81 games= 1,134,000 fans per year.
Say the average person of those 14k spends $50 (tix plus concessions)= $56,700,000. And that's assuming really cheap prices because I guarantee between parking passes, concessions, and tickets most people are spending more than $50 per person.
That doesn't include tv money or merchandise money. PLus, those teams who average 14k, usually have a payroll of shite.

Hell, running the numbers for a team like the cubs who averages around 36k make them $145.8 million per year.