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Introduction

The goal of this article is twofold: to review the history of contraction in both professional baseball and other sports and to analyze the business justifications for contraction by reviewing the relevant financial data to determine whether or not it is financially prudent for the Major League Baseball clubs to choose to eliminate some of its clubs. [FN1] In search of a solution to the economic woes of an industry claiming combined operating losses of $232.241 million in 2001, [FN2] Major League Baseball owners voted 28-2 to eliminate, or contract, two teams prior to the 2002 season. [FN3] Seeking to preserve 50 jobs that would be lost if two teams were contracted, the Major League Baseball Players Association filed a grievance claiming that contraction could not occur without the union's approval, and that doing so violated the terms of the expired Basic Agreement [FN4] that the union and management were still operating under. Conversely, the owners claimed that......

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Approximate Word Count: 10025
Approximate Pages: 41 (250 words per double-spaced page)

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