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Baseball economics

Posted by mikelink45 , 05 February 2021 · 1,408 views

trevor bauer los angeles dodgers mlb contracts
Baseball economics I once had a degree in economics - admittedly it was in the 1960s so it is out dated. What I am trying to figure out is how do these intelligent, super rich owners in major league baseball get bamboozled.

Okay, the LA Dodgers got Bauer. Wow is that special. Were they not going to win the NL West before they got him? What will he add? What if he gets hurt? How many people/teams were they bidding against?

Last year the Angels signed Mike Trout to a $30 million dollars a year contract because he is the best in baseball and he had given them how many championships? I guess it was because their long term investment in Albert Pujols paid off so well.

Now we have a $40 million dollar a year pitcher - and of course pitchers are not prone to injuries. Trevor Bauer really blossomed in a short strange Covid year. He is now 75 - 64 in 9 MLB seasons according to BR. Not even 10 victories per year. I know wins don't count (BS). If he starts 40 games (unlikely)he will be paid one million per game - does he have a refund for bad games?

So what are they getting? Yes he has talent and will be really good for them, but how good? How much better than if they had signed Jake Odorizzi?

Next year we will need a $50 million per year player and on and on. Why? What is the madness?

I do not want billionaires to pocket all the profit, but my god is this ridiculous. The dollars are so insane I am losing my ability to watch the ball as it comes across the plate.

Sorry for the rant, but I cannot help it. I remember when players got jobs in the off season.

But I am sorry to be so old fashioned, poor MLB owners are hurting and want to have some relief from their Covid losses!

  • tarheeltwinsfan likes this



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tony&rodney
Feb 06 2021 08:22 AM

Mike, we are about the same age. If you enjoy baseball you can find pleasure watching grade school, VFW, Legion, college, amateur, and minor league ball as well as relaxing while watching the Twins or other MLB teams. I'm sure you can do that. For example, Dundas and Miesville have wonderful parks and teams and it is a fun place to watch or play baseball. The money is irrelevant in most ways once the players are at the top level except for its undefined affect on the minor leagues. The complaints against Mauer's contract were 100% off base except as an idea that players should earn closer to a common salary, like a teacher, but ignoring that Mauer may have made triple his salary or more in business. Baseball is totally corporate and thus financially driven. The special exception status has created the game we watch today. If you haven't already done so, watch The Battered Bastards of Baseball. Despite the total manipulation of the product by MLB and all of its ridiculous faults (not setting rules a minimum of a year in advance being just one of many), baseball is still enjoyable to watch. Turn off the sound, which is almost exclusively advertising in one form or another, and let your mind wander. Bauer is fun to watch and that is enough. His salary has zero affect on our ability to enjoy the competition.

    • mikelink45 and tarheeltwinsfan like this

 

Mike, we are about the same age. If you enjoy baseball you can find pleasure watching grade school, VFW, Legion, college, amateur, and minor league ball as well as relaxing while watching the Twins or other MLB teams. I'm sure you can do that. For example, Dundas and Miesville have wonderful parks and teams and it is a fun place to watch or play baseball. The money is irrelevant in most ways once the players are at the top level except for its undefined affect on the minor leagues. The complaints against Mauer's contract were 100% off base except as an idea that players should earn closer to a common salary, like a teacher, but ignoring that Mauer may have made triple his salary or more in business. Baseball is totally corporate and thus financially driven. The special exception status has created the game we watch today. If you haven't already done so, watch The Battered Bastards of Baseball. Despite the total manipulation of the product by MLB and all of its ridiculous faults (not setting rules a minimum of a year in advance being just one of many), baseball is still enjoyable to watch. Turn off the sound, which is almost exclusively advertising in one form or another, and let your mind wander. Bauer is fun to watch and that is enough. His salary has zero affect on our ability to enjoy the competition.

What a wonderful post.I really enjoy these thought out responses.I doubt I will ever stop watching baseball, but I do tire of all the money talk and the emphasis on what is being paid out, how cheap a team owner is, etc.Things like Bauer's contract simply amplify what I think is wrong.On MLB.com I am thoroughly enjoying their essays on the negro leagues now.It is the story, not the contract that interests me. 

    • tarheeltwinsfan likes this

Guys, I "think" I'm a little younger than you (graduated college in 1980)but I appreciate what you're saying.

 

Bauer will now make more $$$ than 3 MLB teams entire 26 man roster.

The MLBPA loves the idea that baseball is the only league that doesn't have a salary cap. 

But the reverse of that is, the owners do not have a mandated "floor."No league should have one-player making more $$ than 3 of their team's entire 26 man roster.

 

THAT is the definition of INSANITY !!

    • mikelink45 and heresthething like this
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tarheeltwinsfan
Feb 06 2021 11:30 AM

I had hoped Bauer would be signed by the White Sox so Bauer could disrupt the whole White Sox squad.As it is, Bauer's signing with LA will only help the Padres.Talk about team chemistry. Can you say "Oil and water"?. "Start the drone fleet's motors/."

    • mikelink45 likes this
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terrydactyls1947
Feb 06 2021 11:48 AM

By my rough estimate, Bauer will make about 150K per inning pitched.That's about six or seven years of a teacher's salary.If he completes seven innings, he will "earn" more than a teacher does in their entire career,Something isn't right.

    • mikelink45 likes this

 

Guys, I "think" I'm a little younger than you (graduated college in 1980)but I appreciate what you're saying.

 

Bauer will now make more $$$ than 3 MLB teams entire 26 man roster.

The MLBPA loves the idea that baseball is the only league that doesn't have a salary cap. 

But the reverse of that is, the owners do not have a mandated "floor."No league should have one-player making more $$ than 3 of their team's entire 26 man roster.

 

THAT is the definition of INSANITY !!

Just to set the time frame = I graduated high school 1963.Thanks for the comments.

 

By my rough estimate, Bauer will make about 150K per inning pitched.That's about six or seven years of a teacher's salary.If he completes seven innings, he will "earn" more than a teacher does in their entire career,Something isn't right.

This old school educator would have had to work two and a half years to get the earnings from his one inning.This is the perversion of our economy.I would rather see him make this outrageous salary that have the owners pocket more millions, but the fact is the values of sports figures and sporting events has become too outrageous. So what if they do not have fans buying tickets, they obviously have enough from radio and tv and other revenue sources.  

 

I see the salary of a division one football coach - P J FLeck earns $3.6 million, far below the salary of Bauer, but enough to hire 36 professors!Things are so out of perspective that I have no rational way of writing about them.And as I said, my first degree was in economics.