New York Could Support More Professional Sports Teams, New Study Finds
A recent study conducted by financial technology firm SmartAsset revealed something interesting: the largest metropolitan area in the country could support two more professional sports teams without a problem. The New York metro area, covering New Jersey and Connecticut, currently has three NHL clubs, two baseball teams, two NFL franchises and two NBA operations.
The findings uncovered in July were based on looking at the 100 largest markets in terms of population and mean household income. New York-based SmartAsset ranked the top 10 cities with too many and too few sports teams in terms of saturation. Denver came out on top on the too-many-teams list followed by the Bay area, Minneapolis-St. Paul, Cleveland, Pittsburgh, Detroit, Phoenix, Tampa-St. Petersburg, St. Louis and Buffalo.
The Riverside, California area was ranked first in terms of cities with too few teams followed by New York, Bridgeport, Conn., Austin, Texas and Los Angeles, currently without an NFL franchise. Las Vegas was sixth, followed by Virginia Beach, Providence, Hartford and Oxnard, California.
AJ Smith, SmartAsset’s VP of Content, oversaw the research and said, “Riverside is a suburb of Los Angeles but has 4.3 million people on its own.” Smith added that, although the metro New York area already supports nine teams, SmartAsset’s research shows it could support two more, suggesting a baseball team in Brooklyn or a basketball team in Queens. Both NFL teams are actually located in New Jersey, playing in East Rutherford.
The idea to conduct the survey came out of a discussion on how to find “fun” ways to help advise people on retirement planning, life insurance, 401K’s and other financial options, according to Smith.
In analyzing the data, SmartAsset, in its fourth year of business, looked at many other reasons as to why some cities had more pro franchises than others, including the politics of getting funding to build new stadiums and tradition.