I think at the end of the day, the two sides are very reluctant to push this to the brink or over the brink. It just makes no sense. But until you get to the brink, there is going to be jockeying and posturing.

It seems to me what necessarily has to happen is some concessions from both sides. Whether that is a victory for owners or victory for players, I'm not sure, ... Baseball and Billions.

I think that there clearly has been some impact. It's a little early to assess the full impact,

I don't believe that that's correct at all,

The market's been soft, ... and I think that's mostly a result of the new provisions in the collective bargaining agreement.

But in terms of the competitive balance, that's very problematic. It's not likely it's going to have any significant effect at all. We still have a highly significant correlation between payroll and performance. That's really all we're talking about.