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Alex Rodriguez $275M Salary: Sources of Revenue

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In November 2007, the New York Yankees agreed to pay Alex Rodriguez at least $275 million over ten years. If this salary were to be covered by ticket sales only, how many more tickets per game would the Yankees have to sell to cover Rodriguez's salary in the 81 home games per year if the average ticket price is $40? Are there any additional sources of revenue the Yankees might be able to use to cover the cost of Rodriguez's salary?

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Solution Summary

This solution provides a detailed step by step explanation of the given business accounting problem.

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ANSWERS

Number of tickets = $275 million/$40 = 6,875,000
Number of tickets per year = 6,875,000/10 years = 687,500 tickets per ...

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