After learning that were many major financial problems in baseball, Commissioner Alan Selig organized a committee which he called the Commissioner¡¦s Blue Ribbon Panel on Baseball Economics. The committee analyzed every aspect of baseball economics tallying revenues and costs for

each franchise. Their 18-month study allowed the MLB to evaluate where each club stands with respect to the other teams in the league. For instance, the New York Yankees earned almost $160 million in local revenue while the Montreal Expos earned under $20 million (Selig). Senator George Mitchell, a spokesman for the committee, said ¡§The study left absolutely no doubt that large and growing revenue and payroll disparities exist in Major League Baseball, causing chronic problems of competitive imbalance.¡¨ Along with the committee¡¦s review of financial data, they also made some suggestions as to what could solve these problems, one of which was contraction.

All numbers in thousands Teams showing losses before Revenue Sharing: TEAM LOSSES BEFORE REVENUE SHARING INCOME FROM REVENUE SHARING PROFIT AFTER REVENUE SHARING

Denver Broncos columnist, Trent Dlugosh, argues for the teams that are facing contraction, and puts the blame on the league. ¡§I guess the owners still don¡¦t understand that the reason fans don¡¦t care about baseball anymore, the reason the NBA and the NFL can make piles of money in the same cities that are not financially viable for baseball, the reason we are in this position in the first place is that there is not a salary cap or descent revenue sharing in baseball¡¨ (Dlugosh 3).

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