NO CELEBRATION YET

The champagne is chilled but the Land of Blue and Orange is not popping corks yet even though word out of Las Vegas is the Mets will sign Francisco Rodriguez to a 3yr/$37 mil which is a far cry from Agent Kinzer’ pie in the sky 5/$75 mil he threw out pre-rescission. What we’re seeing is the economy is not just effecting the financial insttutions, auto industry or your own budget but the money crunch is hitting the sports world as well.

 

At this point no one can predict how the money woes will affect the rest of this baseball off season as not only are teams wary about signing free agents to big money and for long term deals but as the Omar Minya is finding out it’s very difficult to dump bad contracts.

 

It’s not just baseball that’s feeling the pinch. The WNBA Houston Comets are ready to be disbanded. The Arena Football League is talking about suspending operations for a year. The NHL just had a Governors meeting where they had some economists lay out the doomsday scenario for the league.

 

While the new ball park and the TV network should keep teams like the Mets and Highlanders with steady revenue for this coming season, what happens for 2010 when the suites are up for renewal and there is no corporation to renew the lease? Even with a new play pen, it will very interesting to see if fans have to change their game going habits? If you went to say 10 games a season do you cut down to 6 or 4 or none? No one can predict what will happen we just have to sit back an observe and see how the financial trouble play out.

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