The labor deal we did is very, very costly to small market clubs.

Sometimes you look at the box score of the game and see 30-2 and say, 'This was a blowout.' But this was a dead heat after a year and a half and right up to an hour and a half before the vote. Then a couple of guys caved and our side crumbled right at the last minute.

If you don't get this right, it's not going to matter whether Ralph owns the team or somebody else owns the team.

The survey results combined with the drop in the unemployment rate indicate that the traditional labor supply is essentially exhausted.

Some franchises might have doubled in value since the labor contract was signed, though not all.

The big concern is future inflation and the Fed is viewing that through the labor market. Wage growth continues to be muted.