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The John Thain FAQ   Why Advertisers Won't Desert a Free ...
Nov 14 2007 4:31PM EST

Labor vs Capital in Baseball

Is A-Rod seeking an "insane" amount of money? Not necessarily:

In 2001, the first year of the first Rodriguez mega-contract, major-league players were getting 56% of their sport’s $3.5 billion in revenues. Yet this year, Jeff Passan notes on Yahoo Sports, players made only about 41% of baseball’s $6 billion in revenue.

If Rodriguez gets $35 million a year, that's about one half of one percent of baseball's annual revenues – and remember that he's looking for a 10-year contract, which means his salary as a percentage of revenues will only go down as those revenues go up. In the perennial war of labor vs capital, it seems that capital is winning, right now, at least in baseball. For the sake of The Workers, let's hope A-Rod gets what he's asking!

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