[PJ Media] Excerpt: Losing is not a bad deal if the the loser's purse is bigger than the expected value of the winners pay packet outside the deal. Since it is the Globetrotters, not the Generals, that drive the total size of the revenue, it makes sense to accept second-best. The bigger the audience the Globetrotters attract the bigger the losers' purse of the Washington Generals. It is rational for the Generals to aim for a smaller slice of as long as the Trotters keep growing the pie.
Like many of us, author Richard Fernandez has looked behind the curtain and sees little difference. |