It seems that the Pirates have been looting the fans of Pittsburgh. The perennial bottom-feeder profited nearly $30M in 2007 and 2008. To put that into perspective; the Pirates opening day payroll this year was just under $35M. Furthermore, the last winning season that these Pittsburgh fans have seen was back in 1992. Their payroll [...]
Posts Tagged ‘sports economics/finance’
AFL Calls It Quits, ESPN Not Exactly Sweating It
In late 2008, the AFL decided to suspend play of their 2009 season. They said in their release that they planned a 2010 return. Earlier in 2008, the AFL’s commissioner of 12 years, David Baker decided to step down. With nobody fully in charge thing have taken a turn for the worse. You might think; [...]
The Delaware Sports Betting Debate
Last week the four major sports leagues in America along with the NCAA filed a joint lawsuit against the state of Delaware in an effort to block the states motion to legalize sports betting. I enjoy sports betting as much as the next guy. Enough to be able to say that I have made wagers [...]
Wade Ditching Converse For The Nike Jumpman
Dwyane Wade is getting out of his Converse deal and is joining Nike’s Jordan Brand. He will join the likes of CP3, ‘Melo and Jeter as a Jumpman endorser. Wade signed a $400,000 deal with Converse which was suppose to run through the 2011-12 season. “I didn’t want to be in the Converse brand anymore [...]
MJ Interested In Owning Bobcats
Michael Jordan is reportedly interested in buying a majority stake in the Charlotte Bobcats. MJ is already a minority owner with Bob Johnson retaining majority ownership in the team. Johnson is the founder of BET and purchased the rights to the expansion team for $300 million in 2003. Jordan’s official title is Managing Member of [...]
