Feb 10, 2014, 11:02 AM EDT
Baseball is a business just like any other. And just like many other businesses — millions of them, in fact — baseball teams feel like the credit card companies hold them hostage by imposing fees every time a customer swipes their card. The Twins feel like Visa and Mastercard have gone too far in this regard:
The Minnesota Twins hit Visa Inc. and MasterCard Inc. with an antitrust suit in New York federal court Friday accusing the credit card companies of monopolizing the market by fixing swipe fees, less than two months after a landmark $7.25 billion settlement over similar claims.
The new suit, filed by Minnesota Twins LLC and a group of Minnesota retailers, alleges that the credit card giants colluded with banks that carried their credit cards to keep swipe fees high and to keep information about those fees from consumers. Visa and MasterCard also prevented retailers from incentivizing customers to use cards with lower fees, according to the complaint.
This sort of arrangement was recently the subject of one of the largest class action settlements in history. Now baseball teams are getting in on it too.
If they’re not successful, look for hastily-created “cash only” signs written in magic marker on torn cardboard at a ticket window near you.
Jul 31, 2014, 10:30 AM EDT
The Sox did not get hosed here. Don’t believe that for a second.
Jul 31, 2014, 10:15 AM EDT
Emilio Bonifacio was available to the Cubs on a minor-league deal after being released by the Royals in February and now five months later they’re going to get something in return for the 29-year-old speedster.
Jul 31, 2014, 10:02 AM EDT
We didn’t see this coming!
Jul 31, 2014, 9:46 AM EDT
It just gets more complicated to make a trade after 4pm today.
Jul 31, 2014, 9:16 AM EDT
It was quite a tribute to Greg Maddux, actually.
Jul 31, 2014, 8:55 AM EDT
Trade rumors? Heck, he looks like he’s going to be a key piece for the Dodgers down the stretch.
Jul 31, 2014, 8:10 AM EDT
The State of the Trade Deadline, eight hours before the music stops.
Jul 31, 2014, 6:59 AM EDT
Always go 100%. Even if you’re not totally into what you’re doing. That includes singing power ballads.
Jul 30, 2014, 11:19 PM EDT
From FOX Sports’ Jon Morosi comes word that the Marlins and White Sox “have discussed a possible trade” involving left-handed starter John Danks.
Jul 30, 2014, 10:02 PM EDT
Dan Uggla’s stay with the Giants lasted nine days. MLB.com’s Chris Haft reports that San Francisco has released the veteran second baseman, who went 0-for-11 with a walk and six strikeouts in four games after being called up from Triple-A Fresno on July 25.
Jul 30, 2014, 9:15 PM EDT
Albert Pujols can barely move these days and for some reason went with a pop-up slide into first base, but this throw on Wednesday night from Manny Machado was still fantastic …
Jul 30, 2014, 8:22 PM EDT
Derek Jeter’s farewell tour continued Wednesday night at Globe Life Park in Arlington, Texas with another set of retirement gifts.
Jul 30, 2014, 7:37 PM EDT
CBS Sports’ Jon Heyman reports that the Blue Jays are targeting Indians shortstop Asdrubal Cabrera — who is known to be available — and would ask him to play second base.
Jul 30, 2014, 6:49 PM EDT
Oscar Taveras has been mentioned as a possible centerpiece in trade talks this week for top-tier starting pitchers like David Price and Jon Lester, but if Cardinals general manager John Mozeliak is to be believed that was all speculation from the outside.
Jul 30, 2014, 6:13 PM EDT
The 44-64 Astros could jump into this seller-friendly market before Thursday’s 4 p.m. ET trade deadline. Joel Sherman of the New York Post reports that Houston is “looking to move” first baseman and designated hitter Chris Carter.
Jul 30, 2014, 5:06 PM EDT
Now that it’s clear he can’t ramp up for 2014, the Mets have cleared Matt Harvey to throw.
Jul 30, 2014, 4:46 PM EDT
White Sox reliever Nate Jones has been on the disabled list with a back injury since the first week of the season, but now he’s got an even bigger problem.
Jul 30, 2014, 4:30 PM EDT
It’s been a rumor for a good while, but now it’s going where rumors go when they die.
Jul 30, 2014, 4:00 PM EDT
The very essence of the trade deadline just played out on Twitter
Jul 30, 2014, 3:51 PM EDT
Injuries derailed what was a very promising career for Chavez while with the A’s, but he bounced back and got healthy enough to thrive in part-time roles for the Yankees and Diamondbacks.
- The Lester trade is a win-win 18
- BLOCKBUSTER: Jon Lester and Jonny Gomes heading to Oakland for Yoenis Cespedes 93
- The State of the Trade Deadline: Yesterday was pretty sleepy. Will general managers wake up today? 36
- Cardinals acquire Justin Masterson from Indians 49
- There’s a “very good chance” the Red Sox trade Lackey and Lester 53
- Hey, Rube: Phillies pay dearly for Amaro’s misguided loyalty 90
- And That Happened: Tuesday’s scores and highlights 57
- Dodgers announce Vin Scully will return for 2015 season 52
- Expert’s Corner: How to troll fans of all 30 teams (201)
- “Caucasians” t-shirts are hot sellers on Canadian Indian reservations (199)
- Rangers’ retirement gifts for Derek Jeter: Yankees cowboy boots, signed George W. Bush photo (115)
- Must-click link: sexual depravity — and possibly rape — in the minor leagues (105)
- The Nationals and Orioles dispute over TV money is about to explode (104)