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SBD/Issue 80/Sports & Society
Pro Sports Teams, Leagues Feeling Impact Of Economic Downturn
Published January 14, 2009
|NLL Buffalo Bandits Continuing To Draw
Capacity Crowds Despite Down Economy
PBR Dropping Lowest Ticket To $10,
Though Tour Is Still Offering Some $300 Seats
DIAMOND DAZE: In DC, Thomas Boswell writes, except for "players coveted" by the Yankees or players like P Derek Lowe, who yesterday signed a 4-year, $60M deal with the Braves, MLB economics "may be changing." After the Yankees in December "distorted every perception" of the economy's impact on MLB by committing $453M in total to 1B Mark Teixeira and Ps CC Sabathia and A.J. Burnett, the league's financial reality "has changed in the last two weeks." With the Yankees "sated, the truth of the economy's impact on baseball is arriving." Nationals President Stan Kasten said that he can "'only remember one other offseason when salaries backed up' like this." Kasten: "The single biggest factor is the economy. We will get through this, but a lot of teams are being as cautious, and as responsible as they can be, to weather this storm." Red Sox President & CEO Larry Lucchino: "The game is only starting to feel the (weak) economy. But the impact is going to be big. Some teams can still bid high for the best players. But everybody's watching to see how it plays out" (WASHINGTON POST, 1/14).