Saturday, January 3, 2009

Sports teams contract

My first prediction for 2009 is that by the end of 2010, at least 4 professional sports franchises in the NHL, NBA, MLB and NFL will shut their doors and have to be absorbed by the league or terminated altogether. Ultimately, this will make the overall product better as expansion over the last 25 years has diluted play and ultimately, the value of the product.

I believe this will happen primarily as fans pull back on paying for ridiculous ticket prices, concessions and parking. Sadly, this could be a boon for teams like the Yankees who picked up 3 marquee players and over the next 5-6 years should have a huge financial advantage over most of MLB.

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