12 Aug 2014
That the MLB players started a strike that would ultimately wipe out the 1994 season. It’s amazing to think how far baseball has come since that day.
When the strike happened, Bobby Bonilla was the highest paid player in the game at $6.3-million. That’s approximately what the Yankees are paying Ichiro Suzuki this year to be their fourth outfielder. Annual revenue was about $1.9 billion for all of baseball in 1994. Today it is close to $9-billion. Not surprisingly, average ticket prices have almost tripled from about $10 to nearly $30. (It’s worth noting that inflation since 1994 has been about 61%, so MLB revenues and salaries are far, far ahead.)
Back in 1994 George Steinbrenner was trying to bully NYC into building a stadium in Manhattan for the Yankees while also threatening a move to New Jersey. Ultimately, he got massive tax breaks and other incentives for building a palace in the Bronx. Sadly, that’s what most of the MLB owners have done.
So when you hear the powers of MLB mention how wonderful the labor peace of the past twenty years has been, just remember who really paid for it.