Just as a shout out our esteemed General Manager of the Wages of Wins Network – Dr. David Berri – was asked to comment on several sports related economics issues over at the Freakonomics blog and you should check it out if you haven’t already
Dave was asked to answer a few questions about sports. I’ll give you the question and the short answer and you can check out the full article to read Dave’s full answers.
- Will the lockout impact consumer demand? No.
- How does this deal impact the returns to owners and players? The owners get a better deal. The veterans get a better deal. Those with rookie contracts get fleeced.
- What will free agency look like once the deal is ratified? Free agency is going be chaotic and messy.