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Great post, Paul.
Especially this:
"The price of not landing Fielder may be much, much greater than the potential albatross in the later years of the deal..."
It bears repeating and it's one of the mantras of SSI, and why I've been reading Jeff's writing for 15 years now (remember the STATs boards Jeff? Justin?)
Business context matters. An added note of context - how do we suppose the LA area demographics will play into merchandise related revenues for the Halos? My bet is that no matter what kind of "albatross" the Pujols contract with the Angels will supposedly be, that "albatross" will provide an absolutely huge ROI. There's a reason rich people have a clue what they're doing.