It’s no secret that most sports writers are hard-core liberals. It is also no secret that liberals really don’t understand economics.
Mix the two together, a liberal sports writer discussing an economic concept and it can be a train wreck.
For a shining example of the concept, look no further than this article by Detroit Free Press (Detroit’s more liberal news paper) sports writer Drew Sharp:
Salary caps are nothing more than a publicly endorsed corporate bailout. It’s billionaire welfare, a free pass for owners who amassed the financial riches necessary to buy a NFL or NBA franchise through high-risk, high-reward business decisions to wantonly mismanage their sports properties because there’s little risk of consequence. It doesn’t matter if an owner spends recklessly because legislated cost controls will limit the extent his competitors can exploit those mistakes.
I’m really surprised Drew doesn’t get it. He is a sports writer after all.
The various franchises within a given league (i.e. The Detroit Lions and Green Bay Packers) work together following mutually agreed upon rules (salary cap) to produce a product the league markets. The game day spectacle. The more people who watch the product or attend the games, the more money the league makes and is distributed among the various franchises per predetermined agreements within the league.
Drew continues:
If artificially propping up the economically fragile is blatantly un-American, then how is the redistribution of wealth acceptable when it’s subsidizing a dying Sacramento Kings franchise staying in a market that already has proven it cannot support a competitive NBA product through the necessary corporate support?
I wonder if Drew missed the futility and blatant mismanagement of the Detroit Lions? If pro sports was truly about winning, losing and competition, the NFL would’ve yanked the Lions franchise from William Clay Ford long ago. In reality, pro sports is about making money for the league. If the NBA thinks it’s a good idea to put a team in Sacramento and someone is willing to pony up the hundreds of millions of dollars necessary to set up an NBA team there, that person owns the franchise. As long as the team is making money for the league, I’m sure the owners could care less if the team stinks.
When you boil it down, professional sports is not about competition between teams. The real economic competitions is between the various sports leagues (NFL, NBA, NHL, MLB, NASCAR) fighting for consumers entertainment dollar.















