temovate ointment for lichen sclerosis cyrux medicamentosa buy albuterol inhaler no prescription careprost eyelash growth reviews rollbox free games betaprofen fc400 dwdm albuterol nebulizer treatment for children betnovate n cream in pakistan cialis spedizione gratuita maxifort zimax sildenafil side effects warfarin drug interactions patients alesse reviews baclofen 10 mg street price side effects of coversyl 10mg zoloft without prescription us pharmacy flagyl pills dostinex without prescription buy cialis in uk online teva sildenafil citrate buspirone hcl 15mg used for prednisone from mexican pharmacy lipitor recall singulair coupons printable cialis pro plus for sale content marketing strategies diroton 10 mg cholesterol tests walgreens toradol mexico buy glucophage online without a script where can i buy viagra in canada cardinal health jobs employers xatral xl prescribing information effexor dosage for hot flashes next day cialis delivery acyclovir 200 mg prednisone fir dogs no perception implicane sertralina low cost lavitra extenze free sample pack female enhancement benicar hct 40 12.5 alternative lotrisone cream otc cheep trimix purchasing keflex online ebei pastillas levrita cheap online viagra uk buy robaxin otc zyvoxid priceline viagra prescription without ciprobay ciprofloxacin 500mg canadian pharcharmy ospamox 1000mg amoxicillin suhagrat movies canadian phentermine 37 5 lortab hydrocodone 10 325 medazole 500 days viagra super force side effects oxazepam 10mg cap acquistare viagra pfizerfarmacia promethazine codeine viagra superactive plus periostat medication kamagra gel novi sad plavix from india achat viagra generique tretinoin 0.05 coupon atarax 25mg informacion en espanol nexium walmart price buying online cialis in china diazepam 10mg pictures euroclinix hasselt winterland kosovarja numri me iringer cialis jakarta isoptin verapamil dosage information lexapro generic release date elimite cream sildenafil sublingual tablets sildenafil aurochem augmentin without a script safe cialis online propecia coupons from merck nova slimex capsules advantage rent a car lasix online overnight ciales pr map free flovent coupons flovent side effects in toddlers effexor xr side effects forum viagra in japan evista drug interactions cialis online switzerland baytril for cats dose do i need a perscription to buy viagra accutane acne treatment review xeloda side effects capecitabine package viagra professionnel 100 mg benadryl dosage chart pacific care pharmacy hydrochlorothiazide side effects januvia coupon discount antibiotics alphabetical list lexapro assistance program neurontin for pain relief cailas himalayas tablete de vanzare diclofenaco complejo b para que sirve frumil ls prozac for dogs best cialis prices on line proviron mesterolone nolvadex femara drug viagra generika paypal pravastatin 20 mg picture can i take zithromax for strep throat zovirax overnight huge theater macrobid for uti during pregnancy saw palmetto in hindi sildenafil citrate non prescription is avelox for sinus infections zyvoxid pretzel buy cialis online secure potassium levels range bystolic nebivolol how to take eprostol salbutamol sulfate mechanism of action furolin dosage for amoxicillin sleep gay buy zithromax online cheap buy cialis 20 mg tablet antifungal pills over the counter mupirocin cream usp glucophage 500mg tablet arginine gray hair cheap viagra professional online digoxina 0 25 year anniversary buy revatio online norlevo effectiveness of withdrawal method best place to buy viagaria alldaychemist indiacrestor salbutamol information side effects refill cialis viagra gold 800 mg deutschland dapoxetine hydrochloride new drug therapy dogs in schools macrobid and breastfeeding and safety anxiety in children at school aldactone generic or name brand trileptal bipolar sildenafil 100mg kaufen mebendazole treatment children provera no prescription online mesterolone proviron 25mg pay for viagra with mastercard levitra prodaja code red 7 pills inderal medication uses desogen birth control pill salbutamol inhaler same as albuterol viagra professional 200 canada pharmacy brand viagra 100mg buy amoxicillin 500mg cap letrozole 2.5 mg daily primamedics scam desyrel drug classificationdetrol wieviel kostet cialis in der apotheke taste perversion after azithromycin tramadol for dogs medication drug procalisx reviews on fifty femara fertility treatment cheap kamagra supplier review tylenol 4 vs vicodinulcizoneunicure viagra sublingual online canada asda inhalers u s a septra bactrim medication buy test booster uk vibramycin doxycycline avana stonebriar apartments the colony texas ritalin and alcohol effects accutane side effects with alchohol commander roaccutane 40 mg viagra 200mg online price canada buy provera pills arimidex for men side effects buy cialis echeck ramipril capsules altace apertium uoc tuscaloosa tryptizol tab kamagrafast cooking rhinathiol prospects remeron dosage for weight gain tramadol 50 mg what is duloxetine hcl dr 60 mg cap is it safe to rotate edex with viagra cialis alternative over the counter pilocarpine side effects eye drops colchicine 0.6 mg uses generic european pharmacy generic terramycin for cats cialis 5mg preise medrol dose pack side effects levitra 20 mg amikacin sulfate msds buy viagra online legitimate pharmacy canada phizer viagra buy phentermine hydrochloride 37 5 mg budesonide nasal spray side effects can meloxicam get you high cipro without prescription in usa luvox ocd reviews buy medroxyprogesterone 10mg trazodone withdrawal zyban user reviews lamotrigine medication eprex 4000 injection toprol xl 25 mg cost orlistat generic uk norstan apparel fashion cents claritin d coupons prescription tamsulosin 0.4mg capsules for women non prescription drugs from mexico progynova for ivf avapro side effects irbesartan avapro pregnant pictures of britney spears canada safe viagra online insurance marketplace standards association diclofenac 75mg side effects generic viagra houston tx building generic tadalafil digoxin and potassium levels furolin dosage for benadryl cialis online from india lergigan fasson topiramate for migraine street value of vyvanse 20 mg cialis generika billig best reviews deals on cialis fda approved online pharmacy buspirone side effects sifrol 0 18 mg of melatonin levlen birth control pills where can i get digoxin olanzapine medication generic in house pharmacy australia cheap genuine viagra vrdrug reviews of fifty clotri denk doxycycline 100mg ed trial pack without a prescription nexium coupons medication clomid fast shipping laxifen tabletas metrotab church chattanooga tn newspaper valtrex price cheap ed medication actos diabetes generic cheapest tadalafil 20mg prednisone for dogs canada www inhouse phyarmacy zofran side effects medication prilosec otc mg irbesartan drug information zoloft and breastfeeding risks qnexa online aricept patient assistance program enrollment form viagra atrial fibrillation nitrazepam prospect flexeril and breastfeeding safety methotrexate price increase asacol shortage atacand side effects by mayo clinic exelon careers chicago dormidina 12 51 pentrexyl ampicilina 500 mg non prescription cialis generic 410 online meds without scripts order tadacip 10mg no prescription where can i buy alli online fucidin cream online enalapril maleate 20 mg tab serophene 50mg success olanzapine 10 mg price seroflo 250 can you get albenza over the counter budesonide side effects liver damage risperdal consta injection sites where can i get acyclovir lortab 5/325 dosage melovax 15mg hydrocodone strattera medication coupons viagra online delivery germany canada pharmacy for methotrexate lopressor 50 mg picture warfarin coumadin rat poison styplon tablets with keyboards asacol side effects liver levitra generic lowest prices vega tablets online cheapest generic viagra uk evista drug prices premarin lawsuits prempro catafast powder ridge suprax 200 mg for children can you get high off doxepin singapore ed meds online canadian pharmacy brought by echeck zenegra cheapest where to buy dexamyl pills order propranolol uk over seas xanax for sale doxepin medication dosage how much is viagra out of canada levothroid side effects levothyroxine 75 kamagra jel belgie januvia 100 mg metformin orden de pizza en linea online avodart side effects incontinence carlis tadalafil soft tablets pravastatin side effects pravastatin sodium tadalafil 20mg fast shipping micardis medication generic ampicillin with out a dr europian drugstores no prescrption aprovel 300 mg irbesartan parlodel dosage for infantpaxelpaxil viagra dosage recommended lamotrigine 200 mg evista 60 mg polarmeds reviews for 50 doxylamine succinate and pregnancy category purchase viagra in canada cialis 5 mg review grifulvin v micro 500 tablets astromenda search delete purchase arimidex livial 2.5mg buy accutane los angeles cefaclor suspension storage buy codeine syrup betanoid 0 5mg cialis canadian ed pills prinivil side effects lisinopril recall alli diet pills boots metformin without a prescription doxycycline for dogs pet meds generica propecia uk ospamox 1000mg donormyl side effects progesterone cream for menopause compra viagra children motrin ingredients anxiety attacks while driving how much is cialis at walgreens erecto 100 mg shoppers drug mart sell viagra cozaar medicine sildenafil citrate 100mg tablets directions kamagra oral jelly best price blueberry 100 sildenafil cialis buy brand rumafen gelato nizoral cream treatment levothyroxine for sale on amazon rollbox toolbox lidoderm patch 5 sulfato de amantadina losartan hydrochlorothiazide combizar exelon myhr benefits mex select periactin products online fluxotine no prescription anxiety medication list of viager pills buying pct cheap viagra by mastercard topaz mediche viagra discount cymbalta 60 mg singulair medication for children does 10 mg levitra last pharmacokinetics of cefadroxil monohydrate cialis no prescription online doctor metallica nothing else matters lyrics trust mp3 yasmine bleeth photos biography cymbalta online shopping antibiotics and alcohol bacteria cipro lawsuits 2013 furosemide 40 mg diuretic rxdiler store credit flonase coupons printable euroclinix uk daily mail cialis no presciptiononline search http breitenbrunn index seroxat 20mg prospect cheap shop online mometasone 0.1 ointment express viagra delivery apertium viewerframe eurax ointment for scabies diamox 500 mg sequel furolin tableti na indian suhagraat scenes free samples of cialis sold in the usa does viagra help trat bph asthma action plan form ritalin dosage chart combivent nebulizer drug study albuterol if swallowed espn viagra ad nootropil 800 information lines decadron dosage isotretinoin buying canada cardinal bird feeder mirtazapine 30 mg benefits estrace cream side effects mayo clinic buy sildenafil without prescription seroflo inhaler information purchase cialis from north america sunsuria berhad career order medicine canada no prescription hoodia gordonii plus by ultra herbalhydrea spiriva coupons 2012 non prescription drug nitrostat shelf life livial tibolone hrt oestrogen bisoprolol 2.5mg tablet clavupen sildenafil tablets buy cheap viagra 120mg topiramate 50 mg side effects omifin embarazo efectos secundarios cialis once daily 5mg best price acomplia 20mg pills vermox 500mg dosage naproxen 500mg uses low price accutane order canadian internet drugstore clomid ovulation day 21 where to purchase metformin without rx cialis 100 indian viagra ovral l contraceptive pills how to use careprost for lashes on line pharmacys where to buy lasix jasmine sanders nick cannon buy cialis 2 5 soviclor tabs 911 voltaren 50 mg ambien cr 12.5 mg sialis tablets under $100 buying aka clomid fucidin cream 2 buy vigra in indonesia oracea side effects doxycycline for rosacea ramipril 10mg dose of albendazole and mebendazolealbuterol comprar aciclovir 400 mg prescription for cymbalta needed mylan bupropion xl topiramate side effects reviews buy propecia and rogaine viapro ingredients neurocet painkiller withdrawal symptoms amaryl m1 koortslipcreme aciclovir to buy in u s cafergot shortage cialas pro us zithromax online canada erectalis 20mg percocet tri levlen 28 birth control cialis from canada without prescription canadian pharmacy no script needed viagra price in india 2013 noroxin 400mg uses order cialis australia ed pharmacy online paxil cr dosage information baclofen pump withdrawal symptoms domperidone maleate suspension levitra 40 mg india nation sinequanone clothing fashion website
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 1097 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?