Once again, MLB set a record for revenue in a season:
Major League Baseball continues to hit home runs on the business side. According to sources at the league, 2017 marks the 15th consecutive year MLB has seen record gross revenues, surpassing the $10 billion mark for the first time. By comparison, the league saw revenues approaching $9.5 billion at the end of the 2015 season.
The growth is due in large part to baseball’s compelling postseason play over the last several years, media rights—both traditional television and digital–and continued labor peace.
What to do with all that money? I say pay the hitters and pitchers to play faster.
Hat tip BBTF.
Being a hockey fan, I was all-in when the NHL cancelled an entire season in order to secure a salary cap.
Over a decade later, and I think I was wrong.
Baseball’s system is the best, IMO.
There is a tonne of player movement, top markets are always in the hunt (driving interest and TV ratings), but the smaller markets are still competitive due to revenue sharing, National TV deal and current playoff structure.
The game has never been healthier.
The NHL could learn something from MLB.