Tag: baseball

As team revenues increase, professional baseball salaries continue to surge with the latest out-of-the-ballpark figure of $217 million offered to David Price to play for the Boston Red Sox. Patrick Rishe, Olin’s director of the Business of Sports program, told the Marketplace public radio program that it’s a matter of supply and demand:

“Every market, there’s supply and demand considerations,” said Patrick Rishe, director of sports business at Washington University in St. Louis and founder of the research firm Sportsimpacts. “But a top-flight, left-handed starter is in short supply. Most of us are not as in short supply in terms of how unique we are to our employers.”

The average baseball player salary is reportedly 66 times the average American household income. And the next big contract for the next David Price will be more inflated than the last.

Link to Marketplace story

Before the September 24th Cardinals game against the Milwaukee Brewers, fifteen members of the Olin Sports Management Organization (OSMO) had the unique opportunity to hear from several members of the St. Louis Cardinals baseball operations team, including Mandy Marino, Supervisor, Ticket Development.  It was another great outing for the OSMO group as the Cardinals won the game 7-3 behind pitcher Michael Wacha. Go Cards!

The Associated Press reports that the St. Louis Cardinals have signed a deal with Fox Midwest Sports to broadcast the team’s games through 2032. Financial terms of the 15-year agreement were not released.

Patrick Rishe, director of the Sports Business program at Olin, told the AP, “Baseball is not America’s pastime anymore, it’s football. But it’s still a very valuable sports property, especially in the summertime, when there’s very little competition for the consumer’s attention.”

When St. Louis-based Rawlings Sporting Goods announced it will end production of its football helmets and football shoulder pads this year, The St. Louis Post-Dispatch called on Olin’s Joe Goodman, associate professor of marketing for comment.

rawlings-nrg-force-youth-football-helmet-with-unattached-so2reg-facemask-60“It’s important to be known for something specific in the minds of consumers,” Goodman said. “In marketing language, brands need a clear position in the minds of consumers. While Rawlings is strong in football, they are stronger in baseball and they probably decided to focus on what consumers know about them, which is baseball.”


Link to article: End of the line for Rawlings’ football helmets rawlings_baseball