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Articles From Lumsden McCormick

The Economics of MLB Spring Training

Play ball!

Provided by David A. Schlein, CPA

Major League Baseball scheduled Opening Day for April 1, but two states have already scored with spring training underway.

Every year, spring training divides the 30 MLB teams into two squads. Half of the teams travel to Florida as part of the Grapefruit League, while the other 15 teams play in Arizona as part of the Cactus League.1

Before the pandemic, the Cactus League would generate $644 million in revenue and create more than 6,000 jobs for the stadiums across central Arizona. Florida would see a comparable economic benefit.1,2

This year, the numbers will be down as COVID restrictions remain in place. But it’s a home run compared to last year when the spring training was shut down, which delayed the start of the MLB season until July.1,2

Seeing the impact MLB has on two states is an excellent reminder to keep supporting your local businesses that continue to manage through the pandemic.

When possible, consider order delivery or takeout directly from local restaurants, and if you can, leave a bigger tip than usual to help support their staff. Also, you might want to buy a few gift cards at your local sandwich shop, restaurant, or another favorite spot. You can use them on future visits or give them away to friends and family.

In uncertain times, the true strength of our communities can shine. By doing what we can to support each other, we can begin to build a way forward.

David A. Schlein, CPA may be reached at 716-856-3300 ext. 120 or dschlein@lumsdencpa.com

www.fslumsden.com


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This material was prepared by MarketingPro, Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note - investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting, or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax, or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product or service, and should not be relied upon as such. All indices are unmanaged and are not illustrative of any particular investment.

Securities offered through Avantax Investment ServicesSM, Member FINRA, SIPC.  Investment Advisory services offered through Avantax Advisory ServicesSM.

Citations

1. Fox Business.com, March 12, 2021

2. Tourism,AZ.Gov, 2021
 

The Economics of MLB Spring Training

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Dave is a tax partner with over 30 years’ experience in service to closely-held family-run businesses, high net worth individuals, and for-profit flow-through entities. Dave’s expertise lies in the areas of real estate investments, the oil and gas industry, partnerships, S corporations, and closely held C corporations. His day-to-day activities include investment advisory services, the coordination and delivery of tax planning and compliance services for individuals and businesses. Dave holds his FINRA Series 7 and 66 licenses; he also holds Life, Accident, and Health Insurance licenses. 

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