tarheelhockey
Offside Review Specialist
Fair market value is relevant when you want to retain talent at certain positions. It evidently isn’t when an owner has determined that broadcasters are not worth paying for. That’s not a market inefficiency, it’s merely a preference by the ultimate decision maker. More power to him.
I think Dundon’s view is that paying a premium for a broadcaster is the market inefficiency. That the difference between announcers is negligible and has no measurable benefit to the organization, so paying anything more than replacement-level money for them is a waste.
It’s a controversial take, but consistent with how he does pretty much everything else. The one thing he will write a blank check for is hockey talent, especially young talent.