My Aunt Bea, the family progressive and knee-jerk Democrat, died this year at the age of 96, cantankerous and opinionated to the end. She was a big Cincinnati Reds fan (she lived in Dayton, Ohio) and I remember her having many arguments with my father when free agency exploded the salaries in Major League Baseball in the late 1970s. “No baseball player is worth those salaries,” she insisted. My father would laugh and say, “Bea, by definition they are worth those salaries, because the people who benefit from their unique talents are willing to pay them.” Then she would talk about teacher salaries, and my father would say, “It may seem unfair, but a lot more people are capable of teaching than are able to hit a fastball, and the sad fact is that a a large number of Americans care more about sports than they do public education.”
I wonder what my aunt and my father would be saying now after the announcement that Juan Soto, the young (26), amazingly talented slugger widely recognized as a generational talent and a certain Hall of Famer barring some catastrophe, agreed yesterday to a 15-year, $765 million contract with the New York Mets.
In his short major league career so far, Soto has already earned over 80 million dollars. Even though the previous record-setting contract was given out just last year to freakish Shohei Ohtani, who is both a great hitter (he was the National League MVP in 2024) and an ace starting pitcher, Soto’s new deal for just his batting prowess topped it. This contract automatically raises the worth of every other player, increases team payroll expenses, increases ticket prices, makes it increasingly unaffordable for families to attend baseball games, makes it more difficult for small market teams to compete, and, once again, makes Gordon Gekko look prescient when he said in “Wall Street,” “Greed is good!”
Ethics Alarms 