Word: sportingly
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Dates: during 1970-1979
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...current U.S. soccer boom contrasts sharply with the state of the sport in 1969, when the N.A.S.L. was down to five teams and on the brink of bankruptcy. Then Phil Woosnam took charge as league commissioner and rebuilt the sport. The N.A.S.L. now consists of 18 teams in cities from Vancouver to Tampa, and Woosnam expects to expand to 24 by next season. Says he: "It's the best investment in sports. Right now, all you need is $250,000 cash and the ability to cope with some initial losses." He seems to be right; half a dozen owners...
...athletes making too much money? they wanted to know. Are high salaries ruining sport? With first basemen earning $250,000 a year, can anarchy be far behind? I had been traveling. Boston. Minneapolis. Pittsburgh. Toronto. Fort Worth. The landscape and the weather and the accents changed. The theme of the questions persisted. Money...
...practicing on-the-air civility, I offered a few economic answers no more radical than Adam Smith's. We have a reasonably free society. People, including people who play first base, are privileged to offer their skills to the highest bidder. Personally, I prefer this to either monopoly sport or socialized sport. A lot I knew, said a radio listener in Dallas. The goddam greedy athletes were ruining the game...
...long as I can remember, entrepreneurs have mingled sport and avarice in perfect laissez-faire. A promoter named Mike Jacobs sent Joe Louis forth to fight an opponent each month. Years later, when all the checks were deposited, Jacobs retired. Louis had to beg the IRS for mercy. As president of the Brooklyn Dodgers, Branch Rickey wrote himself a contract that included a percentage of receipts from the sale of players developed on 20 Dodger farm teams. Rickey spent his final years calculating compound interest. Some players whom he sold for $150,000 are now unemployed. Historically...
Meanwhile, in our economic system, Bench is worth everything he can get. High salaries are not ruining the Reds or any team or any sport. Despite reckless expansion not one team in an established league has yet gone broke...