By far, the best deconstruction of baseball’s financial situation is Doug Pappas’ “business of baseball” collection. In a series of articles, many published in Baseball Prospectus, he offers a sharp analysis of most of the public claims of poverty made by MLB officials. If your hometown is being held up for a new stadium by baseball, you should take the time to read his analysis of stadium revenue. Naturally, no collection of work on the business of baseball would be complete without a reference to Bud Selig, the dissembling commissioner.
Forbes, a magazine not known as a friend of labor, published its 2002 annual review of MLB’s finances. (Make sure to check out Pappas’ analysis of the Forbes article, too.) I can’t wait for the 2003 review, which will probably puncture a few more of Selig’s outrageous claims.
Elysian Fields Quarterly: The Baseball Review looks like a neat magazine. I was first attracted to the on-line site by an article titled Wrigley’s Soul. The publisher of EFQ also wrote the “Ballpark Frankness” article I noted earlier. EFQ is also affiliated with Knothole Press , a publisher of rare baseball books.
Finally, this article from the August 1981 issue of The Atlantic, which describes the financial stresses building on small-revenue baseball teams more than twenty years ago.