baseball
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THE PROBLEM IN BASEBALL
For over a century, the sport of baseball has been one of Americas greatest national pastimes. Every spring when the start of the baseball season comes around, thousands of fans get ready to fill the ballparks and watch their favorite players hit a homerun or strike someone out. However what many fans dont realize is that baseball is more than just a bat and a ball, it is a business. Economically, there is a major problem with Major League Baseball right now. Major League Baseball reported that it lost over five hundred million dollars in the 2001 season (Banks 1). Although some people may find this hard to believe, one should consider that every time Manny Ramirez, a member of the Boston Red Sox, steps up to the plate he earns an average of $30,000 (http://boston.redsox.com). With salaries like Manny Ramirezs, it shouldnt surprise people that major league franchises can lose money in a given season.
After learning that were many major financial problems in baseball, Commissioner Alan Selig organized a committee which he called the Commissioners Blue Ribbon Panel on Baseball Economics...