John Henry thinks Red Sox fans don't understand economics

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John Henry, regretting that the Red Sox are raising ticket prices again:

“I am concerned with how expensive it is for four people to attend a game these days . . . Unfortunately virtually all contracts in baseball go up each year for on-field and off-field members of the organization.”

As Baseball Prospectus’ Joe Sheehan so eloquently put it nearly eight years ago “The price of tickets is not set to recoup costs, but to maximize revenue.” Indeed, this is how the price of just about every item in the stream of commerce is set (the price of razor blades and printer ink is apparently set by the Russian mob, however). Supply and demand you know.

If you don’t believe it, ask yourself why it costs so much to go to a Notre Dame or Ohio State game. They don’t have any salary expenses to recoup. Or the NFL, NHL and NBA, where salary caps have kept overall costs basically constant and certainly predictable, yet ticket prices have spiraled in ways wholly unrelated to expenses.

A smart organization sets ticket prices at the absolutely highest level they can be set without negatively impacting demand. The Red Sox sold out their games at last year’s prices. They will likely sell out their games at 2010’s prices. Those prices will continue to be raised until the exact moment people decide they are not worth the price and cease to buy Red Sox tickets. John Henry’s suggestions to the contrary are exercises in public relations.

Jason Kipnis placed on 10-day disabled list with strained hamstring

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The Indians announced on Wednesday that second baseman Jason Kipnis has been placed on the 10-day disabled list with a strained right hamstring. Infielder Erik Gonzalez was called up from Triple-A Columbus.

Kipnis, 30, has been bothered by the hamstring for the last two months. He had to be pulled from Tuesday’s game with renewed tightness. The veteran is hitting .228/.285/.409 with 11 home runs and 30 RBI in 335 plate appearances on the season.

Gonzalez, 25, has a .263/.272/.400 triple-slash line in 82 PA in the majors this season. He provides versatility for the Indians as he’s played second base, third base, shortstop, and both corner outfield positions as a member of the Tribe.

Jackie Bradley Jr. goes on the disabled list with a sprained thumb

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The Red Sox placed outfielder Jackie Bradley Jr. on the 10-day disabled list with a sprained thumb this afternoon.

Bradley’s left thumb got bent back awkwardly as he slid into home plate on Tuesday night in Cleveland. X-rays came back negative, but an MRI taken Wednesday morning in Boston revealed the sprain. It’s unclear at this point how long he might be sidelined.

Bradley is hitting .262/.343/.432 with 14 homers and 54 runs batted in on the season. Andrew Benintendi is likely to take over in center field for Bradley, with Chris Young and Brock Holt sharing time in left.