John Jeansonne/ Newsday asked sports economy experts to give their opinions on the empty seats at Yankee Stadium. Roger Noll thinks the Yankees might not be necessarily making less revenue than last year, despite thousands of empty premium seats around home plate.
"But it's not obvious that the total amount of revenue they'll take in is less than before. It's not just getting people to pay $2,500 for great seats but paying $100 for almost any seat. Given that, they may well take in more money with 5,000 fewer fans per game than last year."
With both the Yankees -- and, to a lesser extent, the Mets -- facing a reverse of the recent trend in which new stadiums guaranteed larger crowds, veteran sports and entertainment executive Doug Logan wondered if we might be witnessing the "demise of the Fat Cat" -- professional sports' decades-old concentration on high-end sales of suites and ammenities for corporate types.
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