Richie the Rally Goat
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Everything posted by Richie the Rally Goat
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good for you! But I am perplexed.... they back out of buying 4 LATAM A350s, but are still in on the JV even w/ LATAM filing for bankruptcy and buying 10 future, while shrinking their own fleet ... and it raises 13.5% today? Is Delta taking over LATAM?
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US Labor laws and antitrust laws disagree with this statement. I mean, goodness even health insurance for most every person under 65 comes from their employer. It's not only in their best interest for employers to provide commensurate pay and benefits, its against the law to pay less than minimum wage, the OSHA administration is to enforce safe work environments for workers. Americans do deserve minimum wage and a safe, harassment free work environment. Agreed, for most workers its a transactional relationship, but in this case, because of the monopsony/cartel institution, MLB is more than transactional. -
I do have a desire to make minor league ball more equitable, and agreed there are solutions out there with minimal impact on MLB players and owners. I mean for the price of one year of one mid tier reliever you could change the lives of thousands of minor league ball players. But I digress, this isn't the point. I don't see all of these items as "problematic" as much as trying to define a market as "not free". Applying free market principles to a market that isn't free, is problematic.
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1) MLB has an exemption to the Sherman antitrust act 2) players are drafted 3) minor leaguers are exempt from minimum wage 4) minor leaguers play on minimally or non-negotiated contracts for up to 6 years or sometimes longer 5) major leaguers have 3 years of minimum salary (minimally negotiated) 6) major leaguers then go through 3 years of arbitration (more negotiation but still not “free” 7) now up to or sometimes after 12 years a player gets free agency, except there is still only one league (see #1) How is this “free market” in any way shape or form?
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agreed, To this and MLR’s point, worst case scenario is a number of teams can’t absorb losses and the league destabilizes. Second worst is a lock out that turns off an already weakened (monetarily) fan base. Negotiating between players and owners a stop gap solution is the best way for the league to survive. But it’s not the players “fault”, it’s no one’s. Owners should be more prepared with cash reserves than the average player, who spent 6 years making peanuts and just over the last few years started making more money than most of us ever will, or the much more vast population of minor leaguers who are laid off, who make almost nothing.
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because there is one CBA in baseball and minor leaguers make Disney worker money. 99% of entertainers work at dinner theatres and theme parks for close minimum wage. But we keep hearing this idea that it’s not important. Importance and value are separate concepts. Also because history is how we got here, and how “we” make decisions today will have ramifications for events in 2060, just like the decisions made in 1976 have ramifications for negotiations today. We’re making history right now.
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This is exactly why the players unionized. Prior to ‘76 players were not allowed free agency and with the antitrust exemption players wages were depressed artificially. It’s never been a free economy. Why do people who perform a service for entertainment deserve a different valuation than people who do not? Supply and demand are still a part of the entertainment market, no? Putting aside specifics, people who work at Disney world and put on the Cinderella costume did get laid off, 100k of them. Should those people just shrug their shoulders and say, “well, dressing up like Cinderella isn’t important, I’ll just take one for the team, the Disney Family needs to make more money”. Heck no. As a shareholder, that was the right thing to do, but for those individuals it was not. Now as Disney recalls workers, may have challenges as workers will identify risk with their job that they didn’t in the past. Both with contact with the public and future layoffs. It’s a market decision for both the employee and employer, not an economic one. Economics is a factor, but the market sets the rate.
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There is a reason labor organizes, no? But I believe part of the decline in unionization in the private sector is due to greater mobility. If people don’t like how their employer treats them, they leave. Therefore employers have been forced by competition to provide better, pay, environment, benefits, etc to attract and retain workers. Where this doesn’t/hasn’t worked, is Monopsony and Cartels (like sports). There’s no where else for the workers to go. They have no real choice but to abide by the rules of the owners and league.
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agreed, just like attorneys fees and insurance premiums. Workers enter into CBAs because they have to, because the employers didn’t abide by their agreement, just like hiring a lawyer to sue someone who didn’t abide by their agreement. If I agree to sell a car to you for $5, and then change the price to $6, I acted in bad faith and you have the right to sue me. If I’m an employer and I act in bad faith, you can sue me individually or you can organize to enforce contractual agreement. If I offer to sell you a car for $5, and you hand me the $5 and I hand you the keys and title, why would you hire a lawyer? Why did the players enter into a CBA with the league? Because the players never were allowed free agency or received raises from the early 1900s to the 1960s. The owners acted in bad faith and the union worked as it was supposed to.
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I appreciate your perspective, and I worded my statement poorly. If organizations treated their employees the way they should, fair pay, fair hours, quality and safe work environment, etc, then why would workers choose to forego a portion of their pay in union dues? Why would they pay for something they already get for free? If management fails to do their job, they earn a unionized workforce to leverage collective bargaining to earn what every human deserves in employment.
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if this is an inequality thing, then why choose to target millionaires instead of targeting billionaires? Owners could just as easily say, “we’ve profited millions of dollars per year over the last 20 years, it’s a lost year, I will just acquiesce to get some baseball”. Both sides look bad. Both sides fail to see the forest for the trees. As a teacher, I would assume you’d be a union dues payer, and pro union. That’s a fault of mine, I should never assume anything about anyone. I’m management, one would think I’m anti union, but in truth I see unions as punishment of management for doing a crappy job of taking care of their employees. If the owners didn’t want this want this situation, they shouldn’t have created it in the first place.
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I’m sure the players understand the perspective of fans, as do the owners. I’m not sure we have common understanding of owner greed. What would happen if your employer, or my employer told me they were docking my pay so they could give it to give it to charity? As I work in a job with high mobility I would take my services elsewhere. As MLB holds a unique exclusion to antitrust law, and there are no competitive leagues, players couldn’t exactly take their services elsewhere. Further, an action like this, could put MLB’s unique exemption from antitrust at risk. Their exemption is based (partially) on faith in a collective bargaining agreement. If the owners are able to take advantage of players with their unique control over the available market, the courts could overrule the antitrust exemption and put other leagues (NFL, NBA, NHL) at risk too. The players would love a competitive league to leverage higher salaries against the MLB. The owners have a right to try to maintain margins, and need to control cost, but need to be careful of how they go about it. It’s better to have a lockout and no baseball (especially w/ negative margins) than to put your monopoly at risk.
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A reduction of player salaries doesn’t automatically mean a reduction in ticket prices. Below are average ticket prices annually for the Twins and payroll annually on opening day. 2013 was a 20% haircut in payroll from 2012, but ticket prices were only 2% lower than 2012. https://www.statista.com/statistics/203485/minnesota-twins-average-ticket-price/ https://twinstrivia.com/salaries-2/ Also MLB revenue as a whole is growing right along w/ payroll. https://www.statista.com/statistics/193466/total-league-revenue-of-the-mlb-since-2005/ You may not be willing to pay more, but it’s not clear the market has been set. I’m not sure if this means anything for current Covid world... but it seems like 2020 might be a lost cause w/ the high unemployment.
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ive been hoarding cash too. I’m on the fence of the markets aren’t reflecting the economy but at some point will.
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An 82 game season may end up being no off days and double headers where a 6-7 man rotation is all but required for some stretches. No such thing as too much pitching, even in a short season. Abbreviated Spring Training might have an impact on being stretched out on opening day too.
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Fed Chair Jerome Powell on 60 minutes. Lots of mixed messages, just like the stock markets https://www.cbsnews.com/amp/news/coronavirus-economy-jerome-powell-federal-reserve-chairman-60-minutes/?__twitter_impression=true#app
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revenue sharing from the league last year was approx 37M, so $18.5M less fan attendance across the league, so $9M as a guess. Plus post season National TV contract and pride for winning the World Series again. Priceless
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But MLB revenue grew at the same rate per quora. 1.4 billion to 8.0 billion from 1994 to 2013. Why should the players feel bad about that or not fight to get what they earned? If owners assume the risk and keep the reward, then they shouldn’t be surprised when players don’t accept the risk on behalf of the owners. https://qph.fs.quoracdn.net/main-qimg-ea10a3cad4d018af45cc77dbfd61bc1f-c https://www.quora.com/How-much-revenue-does-Major-League-Baseball-generate
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Potential Owner Player Salary Fight
Richie the Rally Goat replied to diehardtwinsfan's topic in Other Baseball
Here’s my take away “ As a reminder, the model upon which this analysis is based has inherent flaws. Without access to the precise inputs that go into the formula, we can’t definitively calculate exactly how much each team is contributing to or drawing from MLB’s revenue sharing plan. Still, at the very least, this analysis not only helps to illustrate how the plan works, but also whether the design is effective for meeting the stated aim.” -
watch the work stoppage, strike and picket line Good luck getting a new CBA after that maneuver...
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Potential Owner Player Salary Fight
Richie the Rally Goat replied to diehardtwinsfan's topic in Other Baseball
if ownership continues to push non-guaranteed contracts the price would have to go up from a players perspective. Shorter higher annual average value contracts more prevalent over the long drawn out contracts with deferred payments of today. -
Cook county surpassed Queens county as the county with the most Covid-19 cases reported in the US. Stay safe Squirrel and the other Chicagoans
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Potential Owner Player Salary Fight
Richie the Rally Goat replied to diehardtwinsfan's topic in Other Baseball
agreed on profit isn’t happening this year. Also agreed on ratio of salary as a better negotiating tactic. The League and Owners have never openly shared revenue before, and trust isn’t there. Without an NFL type of CBA already in place, trying to develop that without a salary cap and league wide TV deal, it’s almost impossible. No way do the players agree to a salary cap. -
Potential Owner Player Salary Fight
Richie the Rally Goat replied to diehardtwinsfan's topic in Other Baseball
no matter how greedy they are, business people understand that there is immense cost to renegotiating prior agreements, especially with a new CBA so close. -
Potential Owner Player Salary Fight
Richie the Rally Goat replied to diehardtwinsfan's topic in Other Baseball
but then why make that deal? It doesnt make sense
