Baseball Musings
Baseball Musings
August 04, 2003
The Business of Baseball

This looks like good news for the business of baseball:


Major League Baseball officials announced on Monday that the league and its 30 teams will be guaranteed at least $500 million from 2005-2009, thanks to signing new contracts with its licensing partners.

Commissioner Bud Selig called the agreement "a manifestation as to how strong this sport really is."

The guaranteed licensing money will be at least 70 percent more than MLB's current deal, said Tim Brosnan, baseball's executive vice president for business.


That's a little over $3 million per year per team. Enough to pay for a few good young players.


Posted by David Pinto at 07:09 PM | Mechandising | TrackBack (0)