Baseball payrolls drop by $47 million
NEW YORK -- The recession has hit baseball salaries.
Teams cut payrolls for their active rosters and disabled lists by $47 million from opening day in 2008 to the first day of this season, according to an analysis by The Associated Press. That comes out to a drop of 1.7 percent.
"Clubs were cautious all winter with regards to the economy and were concerned the economy might have an impact on club revenue," said Bob DuPuy, baseball's chief operating officer. "The spending reflected ...
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