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Athlete Salaries: 'Who-Do' Economics

24. February 2009  - Published by Dan Clasgens

David Whitley, Orlando Sentinel looks at the economy as compared to that in MLB:

A job's value to mankind has nothing to do with its market value. And the crazy money wouldn't be there if consumers weren't providing it.

That won't make you feel any better this morning if you're standing in an unemployment line. But it's not Grady Sizemore's fault that he has a skill you don't, or that society has a fascination with his specialty.

Oh, sports leagues are feeling the pinch. There have been front-office layoffs, and poor Manny Ramirez can't find a team willing to pay him $75 million for three years.

If things really tank, we might even see teams fold. But the passion of the sports fan is not going to die. And passion means dollars.

Even if baseball revenue dropped 50 percent this year, it would still make $3 billion. Who deserves that money more, George Steinbrenner or CC Sabathia?

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