From SABR member Wendy Thurm at FanGraphs on December 23, 2013:
Major League Baseball is awash in money. Lots and lots of money. Forbes reported last week that gross revenue for the league and its 30 teams will top $8 billion this year. And that’s before the new national TV contracts kick in. Next year, revenue could reach as high as $8.5 billion. As Forbes noted, total baseball revenue in 1995 was $1.4 billion. When adjusted for inflation, that figure rises to a bit more than $2.2 billion. That means we’ve seen baseball revenue grow an astounding 264% in just 18 years.
In 2013, the big story in the business of baseball is the exponential growth in league and team revenues, all while attendance is fairly flat and national TV ratings are down.
The sub-headlines tell the real story: where is all this money coming from; who is it going to; and how is it being spent.
Read the full article here: http://www.fangraphs.com/blogs/the-business-of-baseball-in-2013/
Originally published: December 23, 2013. Last Updated: December 23, 2013.