I want to use financials in my fictional league but...

[Le Grande Orange]

Originally Posted by CardinalsFan

Thank you, I knew it was being taken out of context. The link I provided uses 2002 dollars for the real ticket prices.

Another relevant source is the chapter entitled, "Do High Salaries Lead to High Ticket Prices?" in the book, Baseball: Between the Numbers by Baseball Prospectus, and edited by Jonah Keri.

The second paragraph on page 209 says this (emphasis added):

Let's take a closer look at the relationship between ticket prices and player salaries over the past three decades (Fig. 6.1-1). Both salaries and ticket prices have gone up, true, but in anything but lockstep. In fact, in the first dozen years of free agency, as salaries more than tripled, ticket prices actually went down in inflation-adjusted dollars. It's only been since 1990 that ticket prices have begun an upward march to match salaries, with a notable reversal in both following the 1994 strike.

So why the upward trend starting in 1990? On page 211 it says this:

Around 1990, all this changed. Ticket prices showed little correlation with payroll in the late 1970s and 1980s, but since 1991, the two have been closely synchronized: For twenty-four of the thirty major league teams, ticket prices and payroll since 1991 are highly correlated.

What changed? As it turns out, something did happen around 1990—on June 5, 1989 to be precise—that caused baseball teams' revenue to begin a sharp upward spike. That's the day Toronto's SkyDome opened to the public. Whereas previous new stadiums had focused primarily on increasing capacity, SkyDome put its architecture squarely where the money was, featuring 161 luxury suites and unprecedented vast concessions concourses...

In the stadium mania that followed in the wake of SkyDome and its bretheren, team execs discovered that fans would pay unprecedented prices to gawk at the new retractable roofs and sample the garlic fries...

Eight of the top-ten single-season price hikes—and ten of the top twelve, and eleven of the top fourteen—came when a team was moving into new digs.

[endgame]

Originally Posted by endgame

If it were me, I'd wait until the offseason and set the financials

Originally Posted by silvam14

Back to my question, If I want to turn on financials in the middle of a league, when is the best time to do it? End of they year (Dec 31st) Beginning of PreSeason?

Just so you know I was listening. I'm sure you could use some other opinions, though.

[silvam14]

Originally Posted by endgame

Just so you know I was listening. I'm sure you could use some other opinions, though.

Thanks endgame, but when you day 'offseason' What date do you mean specifically?

I appreciate your help.

[endgame]

Originally Posted by silvam14

Thanks endgame, but when you day 'offseason' What date do you mean specifically?

I appreciate your help.

Geez, I wish I could give you and exact date from memory, but the upper right hand box actually changes and reads Offseason. For conventional league setups, I'm certain that'd be the same date so maybe somebody will chime in before I can reply late tonight. I want to say it starts ~ Dec 30 (?) and ends Feb 1 or 2 - that's when the designation in that box will change to Preseason. You might also check you League Event calendar in the News Section. If you're late enough in your season, or use a test league, it should appear in the event schedule.

[Déjà Bru]

Offseason starts the day after the last playoff game in your league. Since this can be variable, there can be no exact date.

Amateurs. Tsk. ()

[silvam14]

Originally Posted by endgame

Geez, I wish I could give you and exact date from memory, but the upper right hand box actually changes and reads Offseason. For conventional league setups, I'm certain that'd be the same date so maybe somebody will chime in before I can reply late tonight. I want to say it starts ~ Dec 30 (?) and ends Feb 1 or 2 - that's when the designation in that box will change to Preseason. You might also check you League Event calendar in the News Section. If you're late enough in your season, or use a test league, it should appear in the event schedule.

Oh, ok. Its probably after February 1st. I'm almost there as I am in the playoffs right now. I'll do a backup and test some things out when I get there. I'll post here with my results.

Thanks again!

[silvam14]

Originally Posted by Déjà Bru

Offseason starts the day after the last playoff game in your league. Since this can be variable, there can be no exact date.

Amateurs. Tsk. ()

No kidding, you'd think I would know better right? Unfortunately, when it comes to financials, I'm a total noob. shhh...Don't tell MD

[Déjà Bru]

Originally Posted by silvam14

No kidding, you'd think I would know better right? Unfortunately, when it comes to financials, I'm a total noob. shhh...Don't tell MD

Goshsakes, don't start that up again!