Government subsidies to corporate fat cats raise your ticket prices

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Plutocrat.jpgYeah, the headline was a bit much, but I like saying “fat cats” whenever I can. This is a story about why tickets to ballgames cost so much:

There are many reasons for the price explosion, but a critical factor
has been the ability of businesses to write off tickets as
entertainment expenses — essentially a huge, and wholly unnecessary,
government subsidy.

These deductions have led to higher ticket
prices in two ways. On the demand side, they have fueled competition for
scarce seats, with business taxpayers bidding in part with dollars they
save through the deductions. On the supply side, the large
number of businesses bidding for expensive seats has driven the
expansion of luxury skyboxes and a reduction in overall seats in new
ballparks.

Of course any politician who tried to repeal tax breaks for luxury boxes would be attacked for trying to “raise” taxes on business. Meanwhile, anyone who wants to use tax dollars to provide basic medical care to poor people is a godless socialist who hates America and everything for which it stands.

I sat in a luxury box for a baseball game once. It was interesting in both good and bad ways. I don’t begrudge their existence. But I never once felt like it was something the government should be subsidizing.

Yankees sign Matt Holliday to a one-year, $13 million deal

ST. LOUIS, MO - JULY 20: Matt Holliday #7 of the St. Louis Cardinal hits a solo home run during the second inning against the San Diego Padres of game one of a doubleheader at Busch Stadium on July 20, 2016 in St. Louis, Missouri. (Photo by Scott Kane/Getty Images)
Scott Kane/Getty Images
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Update (6:52 PM EST): The deal is expected to be one year for $13 million, per Jon Heyman of FanRag Sports. Ken Rosenthal of FOX Sports confirms the report.

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The Yankees are close to signing veteran free agent Matt Holliday, WFAN’s Sweeny Murti reports.

Holliday, who turns 37 years old next month, was limited to 110 games in 2016 with the Cardinals due to a fractured left thumb suffered in the second half. He finished the season hitting .246/.322/.461 with 20 home runs and 62 RBI in 426 plate appearances.

Holliday is likely looking at spending the majority of his time in the DH role. Alex Rodriguez, Carlos Beltran, and Brian McCann handled the DH role for a majority of the time last season but all three have moved on — Rodriguez was released in the second half, Beltran just signed with the Astros, and McCann was traded to the Astros last month.

Bud Selig and John Schuerholz elected to the Hall of Fame

Bud Selig
AP Photo/Stephen Brashear
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Update (6:20 PM EST): Former Braves president and Royals GM John Schuerholz was also inducted to the Hall of Fame along with Selig, David O’Brien of the Atlanta Journal-Constitution reports.

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Tom Haudricourt of the Milwaukee Journal-Sentinel reports that former commissioner Bud Selig has been elected to the Hall of Fame. Haudicourt adds that Selig was nervous about the vote and didn’t want to talk about it in fear of jinxing it.

Selig’s induction will be controversial, for reasons Craig laid out in his preview on Friday. His induction was also not surprising in the least because he’s on the Hall of Fame board. A commissioner being inducted is standard fare, or as Craig put it, “a gold watch.”

Other inductees joining Selig should be announced shortly.

How about putting Marvin Miller in the Hall of Fame?