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Arizona Baseball Is Losing More Than FansWhat was once one of the most promising expansion franchises in Major League Baseball MLB is now on the verge of losing more money than any other team in baseball this year There are many factors that are making this happen and some can be linked to macroeconomics The Diamondbacks were 1 of 4 teams added to the league in the past decade While a seemingly small number it actually constitutes a flooding of the market The teams first year average attendance is down more then 8000 Yet in the face of decreasing ticket sales the team has gone on a spending spree signing on free agents and bloating its payroll to one of the highest in baseball This year the team also missed the playoffs and lost out on a projected 10 million in ticket sales and merchandising at the ballpark Before the first inning was even played at Bank One Ballpark the team and its investors were in the red for 130 million dollars for the cost of the stadium and franchising fees The main problem that the Diamondbacks are facing is a decrease in demand for a professional baseball team in Phoenix It seems that the team is not operating at its optimum size for creating profits making the Diamondbacks low in demand in the Phoenix economy Due to the decrease in demand the Diamondbacks will be forced to lower prices to influence people to watch a second class ball club at a second rate price The team is performing so poorly with lower prices and less fans attracted the clubs profits will in turn decrease We see this a lot because the club is not operating well enough it creates less economic activity taking place for the Phoenix economy Less economic activity in Phoenix leads to a decrease in GDP which also slows the economy down So for the next season the Diamondbacks will have
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