The Great American Business Model

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(MoneyWatch)

It's tough to be a serious major league baseball fan these days without having at least a decent grasp of what the great American pastime really is – a sprawling, $6 billion business. Sure, the basic numbers are out there — such as Forbes' annual rankings of MLB payrolls and franchise valuations — but a layman's understanding of labor costs or revenue sharing? Good luck.

If you don't have time to read Michael Lewis's classic Moneyball, this BNET feature package will get you through the all the basics, and then some:

How Baseball Became a (Monopoly) Business
Revenue: Why Baseball is Booming
Labor: How MLB Keeps Players' Salaries Low
Self-Regulation: Managing Parity for Profit
Video: The Business of Baseball

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