cialis 40 mg .de zithromax online australia Cialis 20mg Washington cialis generic 10mg discount generic viagra lexapro withdrawal 20 mg cialis dublin buy amoxil mg viagra 100 mg etkileri viagra 20mg prijs kamagra 100mg cheap achat generic cialis buy viagra wien erythromycin 500mg indications european generic viagra tab clomid 100mg viagra 500mg buy levitra orosolubile generico online nexium cheap generic of cialis strattera 60mg night cialis 120 mg nexium generic omeprazole viagra 10 mg 025 mg propecia cialis 20 mg bula switching propecia generic antybiotyk augmentin 875 mg doxycycline 100 mg disp levitra 20mg fta 4 efeitos viagra 100mg aquatic doxycycline 100mg i buy dapoxetine generico cialis brasil generic viagra artcle costo levitra 20 mg buy cialis softtabs buy amoxil 500 viagra online deutschland prednisone dosage 15 mg lexapro hoeveel mg clomid generic canada viagra online opinioni cialis 20 mg 99 tl kamagra 100mg 4 pills celebrex 200 mg wikipedia cd15 clomid 100mg viagra 50mg paypal kamagra 150 mg jel lexapro generic tricare cheapest propecia singapore buy clomid prescription lexapro 10 mg anxiety 5mg lexapro pregnant celebrex 200 mg posologie cheap viagra coupon tetracycline 250 mg dosage cialis 40mg usa generic clomid pdf lasix 80 mg tablet nexium 80 mg iv viagra 100 mg instructions nexium cheapest price cialis generico wikipedia cheap strattera nexium generic online generic medicine viagra 40 mg of prednisone taking 150mg viagra viagra generico wikipedia cheap cialis store cialis insurance online hydrochlorothiazide tb 25 mg lasix iv backorder astrazeneca nexium 40mg zithromax online kopen buy kamagra 100mg valtrex buy online cialis 20 mg torrinomedica cheapest synthetic viagra valtrex generic manufacturer augmentin 1000 mg antibiyotik generic zovirax herpes metformin sandoz 500 mg cialis 10 mg beipackzettel 40 mg cialis dosage prednisone 10mg purchase cheapest super kamagra doxycycline 150mg clomid serophene buy prednisone 20mg bula wellbutrin 150 mg cost buying cytotec ph mg clomid lexapro anxiety 5mg amoxil 1g mg cialis 50mg bestellen 5mg lexapro 10mg canadian generic strattera generic kamagra paypal cialis 5 mg medline prednisone 5 mg reviews strattera 40 mg generic cialis dosis 40mg doxycycline 100mg benefits lexapro 10 mg kullanimi buy brand levitra what mg cialis generique viagra 100mg synthroid o.1 mg cialis 5mg tadalafil buy dapoxetine paypal lasix 500mg bulgaria zithromax online 1 pill levitra 20mg vardenafil viagra online cod cialis dose 30mg glucophage 500 mg bid lisinopril 25 mg espanol kamagra generic au ebay cheap viagra prednisone 75mg cialis 5mg price phenergan 250 mg lek kamagra de 100mg zovirax tablets 400mg buy clomid 500mg sublingual cialis 20 mg order zovirax online diflucan 150 mg n1 glucophage hcl 500 mg viagra ert generic buy clomid wholesale 20 mg lisinopril 360 generic propecia 5mg taking 50mg zoloft cialis generique 40mg cialis to buy hydrochlorothiazide 12.5mg buy diflucan 150mg diflucan 150 mg generico wellbutrin generic watson lisinopril 10mg 1000tab augmentin 875 mg administrare order cialis cheap purchase kamagra online generic viagra online 20 buy xenical turkey fake online viagra lisinopril hydrochlorothiazide 20 25 mg 200 mg of diflucan generico de cytotec doxycycline 50 mg acne generic propecia walmart viagra montreal buy cheapest herbal viagra cialis de 2.5 mg viagra 100mg generic xenical 120 mg rezeptfrei viagra online jp buy cheap viagra 32 prednisone conversion disorder celebrex prospect 100mg nexium patent generic viagra 100mg 8 viagra 100mg red cialis 5 mg erfahrungsberichte 40mg cialis priaprism clomid prescriptions online generic version propecia nebenwirkungen cialis 10mg apo metformin 500mg viagra 50 mg hasznalata strattera generic form doxycycline 100 mg daily levitra 2mg 800 mg prednisone generic prescription valtrex buy viagra malta metformin 250 mg pcos propranolol buy uk get viagra online cytotec cp 200 mg manfaat nexium 20mg viagra online thai cialis cheap 10 mg lexapro bleeding disorders augmentin 400 mg sciroppo nexium 20 mg subsitution levitra india generic cialis tabletta 20 mg buy diflucan online celebrex 400 mg cost prednisone cheap online bactrim generic suspension 120 mg cheap viagra viagra 50 mg 4x propranolol 200 mg cialis ingrients 30 mg nexium samples online viagra trusted online buy viagra 20 mg buy propecia trinidad cialis generico inghilterra valtrex generic purchase zithromax 250 mg grossesse forty mg cialis buy cialis online cialis 20mg n2 cialis generico guatemala wellbutrin 60 mg prednisone 200 mg dosage zithromax 500mg viagra malaysia online generic propecia australia metformin 500 mg pregnancy zoloft 50 mg doctissimo generic cialis overnight nexium 40mg.pl viagra generico milano valtrex buy cheap celebrex cap 200 mg 40 mg lisinopril reviews augmentin 625 mg administrare cialis 10mg fta generic cialis instructions phenergan elixir 5 mg zithromax bestellen online augmentin buy online augmentin generic walgreens nexium generic prices 400 mg doxycycline lyme glucophage xr 1000 mg nexium 80 mg dosage viagra 100 mg beipackzettel cheap viagra india 70 mg prednisone viagra 100 mg kohlpharma buy cipra cialis discount cheapest cialis cipro 1a 500mg levitra professional generic viagra generic 200 mg strattera 25mg experation levitra 10mg ebay propecia buy generic celebrex 100 mg nedir diflucan philippines buy lasix 40 mg erfahrungsberichte cipro 500 mg bid african viagra 4500 mg clomid 100 mg ervaringen lexapro 40 mgs clomid 50mg india pret viagra 50 mg propecia cheap hair augmentin 875 mg notice cialis online beograd prednisone 25 mg daily levitra 0.25 mg comenzi online viagra buy cialis bali free 5mg cialis synthroid 0.125 mg doxycycline to buy generic viagra bali kamagra ert 100 mg viagra 100mg generico buy viagra oklahoma lexapro 10mg ireland zovirax tab 500 mg lasix 40 mg po online cialis 10 mg bali buy viagra thuoc zithromax 200 mg prednisone 40 mg constipation generic wellbutrin ir viagra prodaja 25mg cialis 20 mg 30 tablets lexapro 10 mg to 20 cialis soft cheap buying augmentin online beli cialis 10mg la kamagra 150mg viagra freeonline biz nexium generic medicine generic zoloft 50mg viagra online walmart viagra credit online find 120 mg viagra cialis 5mg bayer generic cialis black cheapest legal viagra buy cialis 40online levitra 10mg cost pdr lisinopril 10 mg order cialis nz 120 mg lexapro withdrawal escitalopram 10 mg lexapro 100 mg phenergan amoxil 500 mg generic synthroid 0.025 mg cialis online cypress cialis 50mg reviews nexium 40mg singapore viagra illegal online viagra cialis50 mg zoloft versus generic xenical buy canada kamagra pharmacy online generic lasix identification celebrex 200 mg tabs lexapro 5mg tab lisinopril generic prednisone mail order buy zithromax sachet thuoc nexium 500mg cialis online norway zoloft 100 mg breastfeeding cialis professional 100mg cialis 10 mg harga phenergan 25 mg used amoxil 1mg tablets buy kamagra shops purchase lexapro 20 mg magnus viagra 100mg generic diflucan reviews nolvadex buy tamoxifen prednisone 5 mg canada kamagra 50mg jelly zoloft to buy viagra ftbl 50mg 2.5 mg levitra reviews dosierung celebrex 200mg cialis generic .68 lexapro 40 mg overdose cialis strength mg prednisone 50 mg tab prednisone 40mg sciatica 20 mg cialis break 200 viagra online buy doxycycline online buy viagra sweden cipro xr 1 mg xenical 120 mg x 252 .99 viagra paypal cheap viagra jelly online viagra 50 vs 100 mg buy cialis 5 australia viagra generica 25 metformin er 750mg 150 mg generic viagra cipro 1a 250 mg generic viagra england viagra generic rx online tablets viagra viagra uk 25mg lexapro 20mg engorda levitra online cheaps generic cialis questions viagra 25mg pill cheap cialis site cipro generic version phenergan 25 mg drowsiness levitra 20 mg 2 tablet wellbutrin generic fda doxycycline 80 mg generic viagra rxmeds propecia 1.25mg success viagra 200mg india 20mg cialis boner cialis buy online phenergan suppository 12.5mg metformin er 50 mg doxycycline 100 mg treatment propecia order australia generic of hydrochlorothiazide cheapest kamagra tablets escitalopram lexapro generic metformin 850 mg kinderwunsch cheap cialis orgasm 200mg clomid twins usage cialis 5mg viagra online price synthroid online mexico taking 200 mg zoloft cheapest price viagra prague viagra buy prezzo diflucan 150 mg nexium purchase online lisinopril 20 mg eon propranolol hcl 10mg online kauf viagra generic viagra types order cheap cialis viagra online gift order propecia cheap order zoloft vende cialis 5 mg zoloft 100mg tab to buygeneric cialis generic levitra mg cheap cialis prescriptions 25 mg zoloft withdrawal clomid online europe prednisone 10mg paraquees zithromax dosage 600mg levitra generico effetti buy lasix website nexium 20 mg vidal cipro 500mg uses viagra generico paypal lasix 20mg viagra 50 mg 4 tabletten augmentin pastillas 500 mg generico de xenical cialis 200mg or100 viagra canada cheap cheap valtrex generic 10mg cialis reviews valtrex 500 mg dosage zoloft 100mg bula 100 mg cialis amoxil suspension 125 mg tetracycline 250 mg tablets dcheap 5 mg cialis buy bactrim dogs generic priligy india viagra buy virginia lisinopril 40 mg lupi buy strattera adhd prednisone 2.5 mg information ic lisinopril 5mg cialis cheaply cialis vanzare online lexapro buy canada vega generic viagra levitra 10mg preise diflucan 50 mg indications cialis 40mg online jual levitra 5mg thuoc augmentin 250mg lowest generic cialis split cialis 20 mg 500mg glucophage xr cheap online propecia levitra going generic clomid 50mg pills generic viagra etkisi 100mg viagra wirkung kamagra sildenafil 100mg 300 mg wellbutrin xl lisinopril 12 mg dosage get generic cialis 80 mg of nexium prednisone 20 mg dog buy zithromax pfizer indication augmentin 500 mg buy zithromax 1gm viagra online craigslist levitra online croatia cialis 20mg belgique 20 mg of nexium generico viagra ems erythromycin capsules 250mg metformin generic form cheap doxycycline uk medicamento lisinopril 20 mg cheap xenical uk order clomid nolva kamagra 100 mg uk cialis 5mg ausreichend cialis order levitra cialis 20 mg exp 042014 diflucan 150 mg forum metformin 1000 mg ip 178 20 mgs of lexapro celebrex 200 mg harga cipro neurological disorders cheapest 20mg cialis cialis 20 mg tagliare 2 5 mg di levitra ordering free viagra cialis marke 20mg cialis buy 5mg priligy compra online generic lexapro ndc viagra generic sub viagra 25 mg pfezer tetracycline hci 250 mg recall generic lisinopril valtrex 500 mg dose cialis 20mg 2cp 1000 mg cipro gonorrhea augmentin 250 mg 62 5 online 5omm viagra 100 mg brand viagra generic zoloft names buy dapoxetine 60mg doxycycline succinate 25 mg
Home

Like Shoot to Thrill - An AC/DC Tribute on Facebook!

An authentic tribute of AC/DC that covers the best of the Bon Scott era and the best of Brian Johnson's material

Who's Online?

We have 1126 guests online

Atom RSS

Interview - Andrew Zimbalist - New CBA PDF Print E-mail
User Rating: / 1
PoorBest 
The Biz of Baseball - Interviews
Written by Maury Brown   
Sunday, 19 November 2006 11:00
Andrew ZimbalistBaseball knows a good thing when they see it. When the 2002-2006 CBA was brokered at the 11th hour, it marked the first time since the formation of the MLBPA and the collective bargaining process that some form of work stoppage did not occur. Because there was labor peace, and because provisions such as revenue-sharing were adjusted and the Luxury Tax introduced, MLB has flourished. So much so that this year sees projections in excess of $5.2 billion in revenues--a staggering figure.

2007 will mark the beginning of a new Basic Agreement that will further work to extend this unparalleled growth. There were inadequacies in certain aspects of the last Basic Agreement, namely the revenue-sharing component.

One person who has worked on the economics of the new agreement--specifically the revenue-sharing component--is sports economist and author, Andrew Zimbalist. Zimbalist serves as Robert A. Woods Professor of Economics at Smith College, and has written several books on sports economics, including the recently released The Bottom Line: Observations and Arguments on the Sports Business and In the Best Interests of Baseball? The Revolutionary Reign of Bud Selig.

I interviewed Zimbalist in 2004 and have stayed in contact with him since. With the new CBA, the increased interest in the posting process and the Red Sox bidding $51.1 million for the rights to negotiate with Japanese pitching sensation Daisuke Matsuzaka, as well as other economic factors in baseball that have occurred since first interviewing Zimbalist then, I thought it was time to talk to him again, given his work on the new CBA.

In this interview Zimbalist talks of his overall impression of the new agreement, why the agreement was reached well in advance of the Dec. 19th deadline, whether new stadium development impacts revenue-sharing, his thoughts on possible expansion, whether revenue-sharing has been the catalyst for competitive balance, and much more.

Maury Brown for Biz of Baseball: What is your overall impression of the new Basic Agreement?  

Zimbalist QuoteAndrew Zimbalist: It is a significant improvement over its predecessor.  It lowers marginal tax rates for all teams.  It also realigns the marginal rates so the low revenue teams now pay basically the same rate as the high revenue teams (in practice the marginal rates now will vary between 30 percent and 32.5 percent).  Together, these two changes will undo the perverse incentives in the last CBA which should minimize the behavior of some teams not using their transfers to improve their onfield performance.  Moreover, a part of the sharing will be based on a fixed concept of revenue, so that the tendency to reward teams for their lack of success will be diminished.   These modifications should result in improved competitive balance and improved incentives to grow the league.  The new deal also eliminates the so-called cliff problem or mean discontinuity, whereby a team just above the mean revenue before sharing could end up with less net revenue after sharing than the team just below the mean before sharing.

BizBall: Much has been made of how smooth the new labor agreement was reached and how far in advance of the December 19th the sides came together to announce the memorandum of understanding. How much of this can be attributed to key deadlines, such as the expiration of the Luxury Tax and the rollback of penalties within the Joint Drug Agreement, compared to overall goodwill?

Zimbalist: I’m not sure I like either of your choices.  I think the main factors behind the smooth process this time were: (1) the unparalleled economic success of MLB in recent years; (2) the growing ability of the negotiators on each side to understand the concerns and priorities of the other side; (3) the success of Bud Selig in fashioning a functional degree of coherence among the owners; and (4) the lasting effects of the chastening of both sides from the devastation of the 1994-95 work stoppage.

BizBall: The Yankees, Mets, and now it appears, the A’s will all have new facilities that will come online during this new agreement. Given the fact that clubs can still write off a portion of their revenue-sharing obligation by constructing new facilities, is this a concern that the total amount collected for revenue-sharing purposes will be lessened?

Zimbalist QuoteZimbalist: Again, there is a false premise in your question.  The total amount of revenue sharing should increase with the new stadiums.  The total sum shared is based on what would be shared under a straight pool distribution at 48 percent, given the level of net defined local revenue (NDLR).  NDLR basically is local revenue minus local team stadium expenses (with some tricky accounting rules along the way).  A team would not invest in a new stadium unless it expected its new revenues to exceed its new expenses.  So new stadiums should result in higher NDLR, and, hence, higher sharing.  

The new deal actually has a special provision that, in effect, reduces the deduction allowed to teams with new stadiums, but it is too complex to go into here.


BizBall: The longest stretch between expansions in the modern era has been 11-years. Given the unparalleled growth in MLB, is it possible that expansion might be a consideration for the league within timeframe of the new Basic Agreement?

Zimbalist: I would like to see expansion, but I think that the growth of revenue sharing has made the owners even more leery of it than before.  High-revenue team owners now see new teams as potential claimants on their revenue.  Low-revenue team owners see new teams as diluting the pool of revenue transfers.  My sense is that expansion would come only after the application of effective political pressure and I don’t see that materializing anytime soon.

BizBall: The league has said that revenue-sharing is a chief catalyst for the competitive balance we have been seeing over the past several seasons. How much of this balance is attributed to revenue-sharing, and how much of it can be attributed to factors such as the introduction of the Wild Card?

Zimbalist: I think that the bulk of the improvement since the late nineties to the present is attributable to the Wild Card and other factors.

MatsuzakaBizBall: This off-season sees far more interest in the posting process given the Red Sox submitting a bid figure of $51.1 million, simply for the right to negotiate for his services. Many fans may wonder if the posting process impacts overall player payroll, which in turn relates to the luxury tax thresholds, etc. What, if any, impacts come with the posting process?

Zimbalist: The net impact of the posting system is probably inflationary for two reasons.  First, it brings more of the world’s top players into MLB.  Some GMs say Matsuzaka might be the best pitcher in baseball next year.  Second, the total price the Sox will pay for Matsuzaka, if they sign him, will be $51.1 million plus his salary.  The bid of $51.1 million does not count as payroll for purposes of the luxury tax.  Although the posting system structurally is set up so as not to grant free agency rights to the posted player, it is likely that Scott Boras will be seeking free agent type money for his client.  In a free agent environment, Matsuzaka would be worth roughly as much as some of the top salaried pitchers today (e.g., Randy Johnson at $16 million a year).   But let's say since teams are not bidding against each other, Boras would settle for $48.9 million over four years.  If the Red Sox went along (and I doubt they would),  the team's total payment for his services is $100 million over four years, putting him in A-Rod territory.  But only the $48.9 million (or $12.225 million per year) will be potentially subject to the 40 percent luxury tax.  This is a bargain, in a sense, and induces the Sox to offer more money for the player.

BizBall: Finally, will baseball be able to sustain its 11 percent annual growth rate during the coming CBA?

Zimbalist: This is a good question.  On the one hand, many of the structural sources of growth have weakened: the appearance of Fox as a national network bidding for sports rights; the emergence of ESPN and RSNs bidding for sports rights; the construction of gentrified ballparks in city centers with the attendant explosion of corporate Zimbalist Quoterevenues, and, the growth of the internet and the associated streaming of games and merchandising.  On the other hand, MLB’s new CBA will better incentivize teams to innovate and grow revenues, the Yankees, Mets, Nationals and the A’s promise to have new ballparks in two to three years, MLBAM growth continues to be explosive, yield management ticketing strategies are being developed, and the overall management of the game continues to improve.  There is also the issue of how baseball’s changing accounting procedures will recognize the revenues of related parties.  Finally, part of the revenue picture will be determined by factors outside MLB’s control, such as the performance of the national economy – a matter about which I am not terribly sanguine over the intermediate term.  If I had to make a projection, it would be for industry growth rates on the order of 8 to 10 percent annually over the term of the new CBA.


  • Interview conducted by Maury Brown

To read other interviews on The Biz of Baseball with the likes of Jayson Stark, Ken Rosenthal, Stan Kasten, Marvin Miller, Bowie Kuhn, Bob Costas, and others, select the Interviews navigation element to the left on any page.

 
 
Banner

Poll

Should MLB Force Jeffery Loria to Sell the Marlins?