It's happened before. The contracts doled out from '01-'04 were considerably below what had gone on during the "dot-com era" boom of the late-90s into 2000 and really just re-reached that same point in the last 2-3 seasons. Not only were the per/year $ figures lower but the length of contracts shortened as well: Think of Giambi getting ~ 7 x $21mil; Helton @ 11 years!; Jeter, Manny & ARod for 10 each all circa $20/per; Thome I think got 7 years; plus long-term pitching deals for the likes of Hampton, Mussina, Kevin Brown, etc. Then a year or two later Vlad signed for "only" 4 x ~$14 while pitchers were pretty much held to 3 yrs or less. The last few years have seen the pendulum swing back towards big deals (Beltran, Zito, Santana, plus mid-level hurlers getting 4-5 years) and baseball in general is in good shape at the moment -- but there's no saying things won't nudge the other way again and a credit crunch is just the sort of thing that can do it. Also, attendence was down this past season. Only a shade, but that's the first non-gain in a number of years (maybe since the immediate post-strike seasons) and Bud has already warned teams about being overly optimistic when setting ticket prices.