The Tampa Bay Rays have slain the big-market bullies from New York, Chicago and Boston, but the team will soon face a much greater foe.
"The economy could kill us," says Stuart Sternberg, the team's principal owner and a former partner at Goldman Sachs.
For years, Mr. Sternberg's franchise was the doormat of baseball, a money-losing team that few thought would ever prove successful. But tonight, the Rays will begin the World Series at home in St. Petersburg, playing the Philadelphia Phillies.
Playing with Major League Baseball's second lowest payroll, the Rays owe much of their success to the long-term contracts given to their core of talented young players. The deals will allow the team to keep its top players for several more years, leading many to predict that the Rays could become a dominant force in the game.
But Mr. Sternberg has a problem: The Rays, he says, can barely afford their $44-million payroll with their current attendance, and that payroll is going up. Once the glamor of October baseball fades, the Rays will need to build a stable fan base in a region that has never truly embraced them -- and it must do so during an economic crisis that is worse in Florida than nearly anywhere else.
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