Tom Salvatore

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MLB Worth $36 Billion As Team Values Hit Record $1.2 Billion Average

If Major League Baseball traded on a stock exchange it would be worth $36 billion. The average baseball team is now worth $1.2 billion, 48% more than a year ago, the biggest year-over-year increase since we began tracking team values in 1998. A record 15 MLB teams are now worth at least $1 billion, …

Opening a Subway is surprisingly inexpensive

Want to open a fast-food restaurant of your own? For a McDonald's, startup costs will run you up to $2.3 million, <i>Business Insider</i> reports. But there's an easier route: Go with Subway, where the startup costs are less than an eighth of that figure, at a maximum of $262,850, the company says.<p>As for …

Sorority 'Cooperating Fully' With OU Investigation of Racist Frat Video

<b>Editor’s note:</b> <i>An earlier version of this article wrongly reported Delta Delta Delta was under investigation in connection with the video and that at least one woman could be seen clapping her hands along with the chant.</i><p>The national Delta Delta Delta sorority said it is "cooperating fully" with the …

Rob Manfred says MLB could support legalized gambling

The sport of the Black Sox scandal and Pete Rose appears ready to revise its ancient policies on gambling.<p>New commissioner Rob Manfred says he would …