TEDDY WITT
WITT: Sports as a public good
Sports matter to people, and it’s bad when their teams get taken away. The story of the Oakland A’s illustrates that. I’m a Yankees fan; the Yankees are of course never going to move. But the basic premise remains. If New York somehow did become a bad media market, Hal Steinbrenner would take the team to San Antonio. Franchises ultimately need to take all the money they can get from their consumers. The fans have deep, heartfelt relationships with their team. It’s an emotionally abusive relationship. Regulating Major League Baseball would limit the damages.
October 23, 2024