Interesting post, TT, it never occured to me how much difference the exchange rate might make to a minor leaguer. And no offense (or I guess offence) intended to our friends to the north when I point out how few authors of economic-based articles have the ability to use the phrase "the surging loonie" with a completely straight face!
Interesting post. I have always wondered slightly about how teams were paid. I say slightly because I never bothered to look it up to find out the answer myself. So another thing I wonder about now is "how do minor league players get paid when they are brought up to the NHL?" Are they still paid their minor league contract amount in Canadian currency or do they get a new amount (on a per game scale) in US funds from the NHL team?
On a semi-related note, Brazilian supermodel Gisele Bundchen ("the richest model in the world") is insisting that her contracts be paid in Euros. I'm thinking of asking that I be paid in Euros, too. Hello, dollar devaluation. Wondering if owlhouse can put some international economics perspective and US dollar forecasting on this.
