Bitchin Dave's Newsletter - September 2nd
In the US, we have the major sports (the NFL, MLB, NHL, NBA at the top) and there are teams that play in those leagues. But the wild part is that there's no threat of being demoted or being discharged from the league. Some teams, then, are basically incentivized to not even bother trying to win (and just roll with it), to keep payrolls low, or to do what is known as "tanking" where they attempt to lose on purpose in order to get some return in the long-term As fans, sometimes you get stuck wanting to root for the team you "love," but you know there's never going to be a championship, and you just accept it and maybe even remain hopeful that someday your team's fortunes will change. For their part, the leagues also see an opportunity to generate revenue, by imposing hefty fees to relocate or to bring in a new franchise to that league (when they think it's the right time). But meanwhile, in many other leagues (the English Premier league of soccer ...