This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

MLS Makes Bid for Relevance

MLS player improvement may be bearing fruit. Another touring European powerhouse with a roster of international superstars -- Chelsea of the English Premier League -- lost 1-0 to the MLS All-Stars on Saturday in Chicago.

But on the financial front, the MLS is "still in the mode of not being profitable in almost all teams," Garber said. "We're got a lot of growth left to do, and we've got to be cautiously optimistic."

Garber didn't mention it, but others point to another reason for optimism: the rapid growth across the U.S. of soccer-loving Hispanic immigrants.

Of course, hard-core soccer fans still yearn for higher-caliber MLS play. Many of the best American players have been lured by the money in the European leagues, which do not have a MLS-style salary cap. The MLS is considering a rule change that would create a marquee player exemption from the strict caps. It's dubbed the "Beckham Allocation," for David Beckham, who has talked about playing in the U.S. after retiring from Real Madrid. Beckham reportedly earns $32 million annually, far above that of the highest-paid baseball player, the New York Yankees' Alex Rodriguez, whose salary is about $25 million. Beside Beckham, Real Madrid carries a $90 million annual payroll for just six of its other superstars.

But the MLS is likely to remain far behind baseball, football and hockey in game attendance, team loyalty and the hearts of American fanatics. But I'm still eager to see the Real Madrid-Real Salt Lake game. After all, soccer may not be around in Real Salt Lake next year.

Enjoy the Good Life? Email us with what you'd like to see in future articles

Martin Stolz is a freelance writer living in Salt Lake City. He previously worked as a newspaper reporter in New York and California.
5 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs