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Saturday, September 08, 2012

WSJ: The Yankees: The Stock That (Almost) Never Crashes

One-third ill-fed, ill-clothed, ill-house that George built!

As befits the most corporate team in sports, most of the years when the Yankees have been good, rooting for them down the stretch has been, as the saying goes, like rooting for U.S. Steel.

The Yankees have made a tradition of holding off all challengers in the final months. The Yankees don’t blow leads. They don’t collapse. Collapsing is for commoners.

Until now.

The Yankees this week stand on the verge of a historic collapse of the kind usually reserved for the masses. They held a 10-game lead in the American League East in mid-July. Entering Thursday, they were one game ahead of the Baltimore Orioles.

If they end up missing the playoffs, it would mark the biggest late-season collapse in Yankee history, far worse than the previous worst—a six-game lead they squandered in 1933.

Despite having been around since the early 20th century, the Yankees have almost no previous experiences with true regular-season collapses. The stock market crashes more often. In 1928, the Yankees blew a 13½-game lead, but they recovered to win the World Series. In 2004, they famously blew a three-games-to-none lead to the Boston Red Sox in the playoffs, but that was the playoffs.

Repoz Posted: September 08, 2012 at 11:00 AM | 1 comment(s) Login to Bookmark
  Tags: yankees

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   1. snapper (history's 42nd greatest monster) Posted: September 08, 2012 at 11:26 AM (#4230138)
I don't think losing a big lead starting in early August really qualifies as a "late season" collapse.

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