Monday, February 09, 2009

Winner takes all no longer

The ARod scandal, coming as it does on the heels of the bonus scandal and so many other doping scandal, will mark a new phase in the vilification of the overpaid. ARod famously brought Goldman Sachs in to negotiate his handsome deal with the Bronx bombers.

It was already clear where we were headed when people started objecting to Citi getting its logo on the Mets Stadium. If not Citi, who? Berkshire Hathaway? Walmart? Google? The lists of the deep-pocketed are short. That's $400 million that's not going into the Mets coffers, and it will be reflected in pay cuts to players. And we're gonna see more and more sponsorships get pulled, and athletes will earn less, and maybe, if we're lucky, they'll do fewer steroids.

Nobody's going to object, except the players, but they're not going to be in a situation where they have much leverage. If your Kobes and Lebrons stamp out and bitch, they'll lose the adulation that makes them marketable. I look forward to it.

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