The Economics of Sports Contracts

After the New York Yankees were unceremoniously dumped from the playoffs by recent whipping boy Texas, all baseball talk in the Big Apple shifted to the other passion of fans in the off-season; contract negotiations. This offseason the discussion is centered on Mr. Yankee himself, Derek Jeter. The folks over at Freakonomics came up with some interesting analysis as only economists can. Mr. Dubner's posting can be viewed in its entirety here.