Experts examine the economic impact of Pujols injury

9:55 PM, Jun 21, 2011   |    comments
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Albert Pujols. (Photo by Jeff Curry/Getty Images)

By Ann Rubin

St. Louis, MO (KSDK) - Tuesday night at Busch Stadium, the Cardinals took the field without Albert Pujols. But economists believe the small fracture to his wrist, might have some big financial consequences.

"It could cost him anywhere from $30 million to $50 million in total value over the course of the next contract he signs," said Patrick Rishe, an economist with Webster University.

As Pujols prepares for free agency his worth, and his risk as an investment will be calculated and re-calculated. And Rishe thinks, this injury could hurt him both in terms of what price he can command, and how long a contract he's offered. But there may be an upside for Cardinal fans.

"Perhaps short term pain could lead to long term gain in terms of making it easier for us to afford Albert going forward," Rishe said.

But what about economic impact to the team in the short term? The Cardinals said they're keeping a close eye on ticket sales, but they always do. And with their new dynamic pricing system, they can adjust ticket prices if need be.

"At least the first couple days here the ticket sales, the activity in the sales department has been right on par," said Dan Farrell, Senior Vice President of Sales and Marketing.

In fact, they've sold 1,200 tickets in just the days since the injury. Still, they are counting down, estimating twenty home games until Albert's return.

"The reality of it is June, July and August are our strongest months no matter what," Farrell said.

KSDK

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