Word: profitted
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Dates: during 1970-1979
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Since the 1920s, owners have arduously maintained that the reserve clause was necessary to insure an equal distribution of skill among teams. Otherwise, they argued, the big-city clubs, who can profit more from fielding a winner, would hoard all the talent. The player retention system protected player assets of all franchises in the league...
Substantial money can be made in baseball. The average team grosses $7,700,000 in total revenue. However, now that players have bargaining power, salary increases will cut deeply into the earnings level. While low wages virtually guaranteed a net profit to every team, even perennial losers, now the pressure is on to win. Since one cannot buy a pennant per se, but only those players whose combined skills appear to provide the magic blend, baseball owners today are involved in a more risky and expensive affair than ever before. To purchase the services of a top quality ballplayer today...
...reserve rules has sealed the circle of baseball franchise owners to the nation's wealthiest individuals and corporations. However, if the league actually cares about retaining the less wealthy owners they can initiate measures to redistribute income, such as increasing the gate share allotted to visiting teams. If teams profit from each other's success, they will be less likely to overstock their roster with talent to the detriment of other league franchises...
...looking for a profit, baseball is not a good investment, the payroll has tripled in the last three years, but I certainly would buy a few shares," Marc Sobil '80 said yesterday
...massive scale, a function of great social value even to nonbelievers. He points out that tax-exempt church properties are not a big cause of municipal deficits (95.5% of exempt property in New York City is non-religious). Responsible church groups, Kelley notes, have long advocated taxation of profit-making businesses owned by religions. But churches themselves do not generate wealth, he says, and thus "do not need to explain why they are not taxed any more than do the birds...