The Hall of Fame’s attendance is in decline

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There’s an article over at Sports Business Journal — sorry, subscription only — about the financials and attendance for the Hall of Fame.

The money part sounds somewhat more dire than it may be in practice. The joint has lost money for seven of the past nine years, including a $2.36 million loss for 2010 (the last year when full numbers were available) and a $4.3 million loss in 2009.  Obviously not great, but as the article notes, it’s misleading given that the Hall is a non-profit and a lot of its income comes from donations that, while counted in the year received, are used to fund operations for several years in some cases.

More interesting to me are the attendance numbers:

Museum attendance has slid from 352,000 in 2007 to 301,755 in 2008, 289,000 in 2009, 281,000 in 2010, and a projected figure of between 265,000 and 270,000 for 2011. Annual attendance topped 400,000 in peak years of the late 1980s and early 1990s.

A lot of the recent slide is probably due to the recession. If you can’t travel as often, the trip to way-out-of-the-way upstate New York is probably high on the list for sacrifice.

I imagine some of it, too, has to do with casual fans moving away somewhat from baseball in the mid-90s with the labor strife and the overall rise in the popularity of other sports.  Casual fans still go to the games in droves because it’s a relatively low opportunity cost kind of pursuit, but they’re not going to make a special point to go to the Hall. Sports overall have become more fragmented.

All of which makes me wonder — as others have before — what attendance would look like if the Hall were, you know, someplace near a major population center.  It’s an academic point given how deeply the Hall’s management and board are invested in the town of Cooperstown, but it would be a pretty gigantic increase if the place was in New York or Chicago, I’m sure.

There is a “one million percent” chance Aroldis Champan will opt-out of his deal

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Ken Rosenthal of The Athletic reports that there is a “one million percent” chance Yankees closer Aroldis Chapman will opt out once the season ends.

Just going by the math this makes perfect sense, of course.

Chapman signed a five-year, $86 million deal with the Yankees before the 2017 season. Pursuant to the terms of the deal he’ll make $15 million a year in 2020 and 2021 (he was given an $11 million signing bonus that was finished being paid out last year). This past season the qualifying offer was $17.9 million. Craig Kimbrel of the Cubs just signed a deal that will pay him $16 million in 2020, 2021, and 2022 (he’s making a prorated $16 million this year). Other top closer salaries at the moment include Kenley Jansen ($19,333,334); and Wade Davis ($18 million).

It’s fair to say that Chapman fits into that group and, I think it’s safe to say, more teams would take him than those guys if they were all freely available. As such, Chapman opting out to get more money makes all kinds of sense. Heck, opting out, getting slapped with a qualifying offer, accepting it and then hitting the market unencumbered after the 2020 season would stand him in better financial stead than if he didn’t opt-out in the first place.

The question is whether the Yankees will let it get that far or whether they’ll approach him to renegotiate the final couple of years on the deal or to add some years onto the back of it. If they’re smart they will.