Comments on: Questions from our loyal readers http://www.sethmnookin.com/blog/2006/10/16/questions-from-our-loyal-readers/ Media, Baseball, Boston, the Red Sox, Music, Literature, and Mnookins Fri, 29 Aug 2008 23:46:34 +0000 http://wordpress.org/?v=2.6 By: Information Leafblower http://www.sethmnookin.com/blog/2006/10/16/questions-from-our-loyal-readers/#comment-1201 Information Leafblower Tue, 17 Oct 2006 17:14:34 +0000 http://www.sethmnookin.com/blog/2006/10/16/questions-from-our-loyal-readers/#comment-1201 <strong>Make Some Sense...</strong> I'm assuming everyone's seen it by now, but above is the new Oasis video for "The Masterplan." Not my favorite Oasis video, but animated Liam is pretty cool. Plus, it's better than the ridiculous "All Around The World" video....... Make Some Sense…

I’m assuming everyone’s seen it by now, but above is the new Oasis video for “The Masterplan.” Not my favorite Oasis video, but animated Liam is pretty cool. Plus, it’s better than the ridiculous “All Around The World” video…….

]]> By: scott c http://www.sethmnookin.com/blog/2006/10/16/questions-from-our-loyal-readers/#comment-1198 scott c Mon, 16 Oct 2006 22:32:35 +0000 http://www.sethmnookin.com/blog/2006/10/16/questions-from-our-loyal-readers/#comment-1198 Be sure to keep us updated on Nate's study! Be sure to keep us updated on Nate’s study!

]]> By: yerfatma http://www.sethmnookin.com/blog/2006/10/16/questions-from-our-loyal-readers/#comment-1196 yerfatma Mon, 16 Oct 2006 16:53:59 +0000 http://www.sethmnookin.com/blog/2006/10/16/questions-from-our-loyal-readers/#comment-1196 If the numbers are adjusted for inflation, it seems hard to believe 6 years could exceed 86 years, but the one thing in the Sox "favor" here would be the effects of the reserve clause in keeping players salaries artifically low. Collusion in the 80s would also mask how much money the Red Sox would have spent in a competitive market. Albiet a market with effectively one buyer (i.e., <a href="http://en.wikipedia.org/wiki/Monopsony" rel="nofollow">a monopsony</a>). If the numbers are adjusted for inflation, it seems hard to believe 6 years could exceed 86 years, but the one thing in the Sox “favor” here would be the effects of the reserve clause in keeping players salaries artifically low. Collusion in the 80s would also mask how much money the Red Sox would have spent in a competitive market. Albiet a market with effectively one buyer (i.e., a monopsony).

]]> By: HFXBOB http://www.sethmnookin.com/blog/2006/10/16/questions-from-our-loyal-readers/#comment-1195 HFXBOB Mon, 16 Oct 2006 15:23:55 +0000 http://www.sethmnookin.com/blog/2006/10/16/questions-from-our-loyal-readers/#comment-1195 I don't have that info for Nate. But I'm a number freak, too, and I just want to point out something. We keep hearing about the $1 billion in payroll for zero championships, but if we're looking at this from an economic viewpoint we also have to consider the amount of annual revenues brought in by the Yankees ($277 million in 2005)* and the market value of the team ($1.026 billion)*. Huge dollars out, yes, but also huge dollars in. It might be more meaningful to look at the Yankees' total net losses for the six years as opposed to just their payroll expenses. Sorry, I'm an accountant. *per April/06 Forbes magazine I don’t have that info for Nate. But I’m a number freak, too, and I just want to point out something. We keep hearing about the $1 billion in payroll for zero championships, but if we’re looking at this from an economic viewpoint we also have to consider the amount of annual revenues brought in by the Yankees ($277 million in 2005)* and the market value of the team ($1.026 billion)*. Huge dollars out, yes, but also huge dollars in. It might be more meaningful to look at the Yankees’ total net losses for the six years as opposed to just their payroll expenses. Sorry, I’m an accountant.

*per April/06 Forbes magazine

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