Check out www.newgeography.com/content/001041-baseball-goes-for-broke; or just go to newgeography.com and look for the article by this title by Matthew Stevenson. Apologies. I can't link directly.
Makes baseball's financial underpinnings look like the housing bubble. This doesn't come as news to most of us. One thing I'm pretty sure of is this: The Nuttings aren't stupid. Maybe they see something coming around the time of the next CBA. Could their strategy be to let the big market teams come back to them?
Personally, I don't see much prospect of a bailout. Too many in line ahead of them. Besides, do we really want to bail out A-Rod? Manny? The Steinbrenners? Or any of the big market teams?
Lots of work ahead for the lawyers. Maybe baseball needs a real czar.