SOUTH HILLS – I’m a little concerned about where baseball is headed.
Yes, baseball has grown from a $1 billion to a nearly $9 billion industry of the last 20 years. But the explosive revenue growth is not unique to baseball. Every other major sport has enjoyed dramatic revenue growth tied mostly to what I suspect is large part due to the right-place, right-time phenomenon: advent of the internet, fracturing of cable audiences placing a premium on live events, new technology/advertising platforms and the stadium boom.
Bud Selig has touted growing revenues under his leadership (though his responsibility for those is highly debatable). He has touted parity (though that has much to do with the devaluation of free agency in a Post-PED era when the game has trended younger). Selig’s greatest accomplishment, for me, is labor peace, which has been an important development.