Katie Couric, the "CBS Evening News" anchor who is paid $15 million a year for sinking ratings, can't seem to grasp the concept of free markets in sports.
In an interview with New York Yankees star Alex Rodriguez, Couric questioned his new record-setting contract. The deal includes $275 million over 10 years and another $30 million in incentives, according to ESPN.
"Your new contract is worth $300 million-plus," Couric told Rodriquez, asking, "Are you worth it? Is any player worth that kind of salary?"
A-Rod could have pointed out that Major League Baseball works like any other market - players' services are priced according to what the market will pay for their skills and experience. Someone in the Yankees organization felt $275 million over 10 years was a fair price to pay for Rodriguez.
Rodriguez could have pointed out that he's a two-time Gold Glove winner, a two-time Silver Slugger winner, and a three-time American League Most Valuable Player. He could have mentioned that last season he led the American League in runs, home runs and runs batted in - 143, 54 and 156 respectively.
Or he could have turned the question around on Couric by asking, "Well Katie, you're paid $15 million a year and have seen steady declines in your ratings on the ‘Evening News,' with some weeks reaching record lows. Are you worth it?"
With Couric as its anchor, the "Evening News" has looked more and more like a sinking ship. Since she took over in September 2006, the show's ratings have taken a dive. The week of Dec. 3, 2007, the third-place network news show drew 6.55 million viewers, down more than 1 million since September 2006, when it was second behind NBC.
But A-Rod took the high road, brushing off the question by noting that "it's not my job to evaluate or appraise players. I love to play baseball."