Not a logical error at all, much less a major one. The obfuscated &quot;taxation&quot; of American households led to higher bids for airing games which led to salaries for players and higher valuations for teams. The cost to ESPN of the entertainment (Mike &amp; Mike, Bill Simmons, etc) is a laughable fraction of the cost of broadcast rights.<p>So I believe the author is possibly correct in his assertion that cutting off the money from non-fans (since fans will presumably pay in some way) will materially affect the valuation of these leagues.