MLB starts economic reform committee over Bally woes, big spending

The MLB has started an ‘economic reform committee” in the wake of New York Mets owner Steve Cohen’s “spending and the financial turmoil at Bally regional sports networks,” The Athletic reports.

The committee’s formation will aim to emphasizes that some MLB owners are unhappy enough that they want to discuss major change. The league has already ordered studies of its economics in the past.

In 2000, under then-MLB Commissioner Bud Selig, the league famously published the Blue Ribbon report, which included input from individuals outside the ownership ranks.

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MLB Commissioner Rob Manfred said that the new group, however, is not producing a report and is “exclusively made up of owners.”

Los Angeles Dodgers Chair Mark Walter, one of the sport’s largest market teams, is chairing the economic reform committee while Detroit Tigers CEO & Chair Christopher Ilitch, Boston Red Sox principal owner John Henry and Rockies owner Dick Monfort are among the members of the new committee as well.

However, what impact the committee will have, is to be seen.