Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!
Expand chart
Data: MILB, MLB; Logos: SportsLogos.Net; Map: Andrew Witherspoon/Axios

When Minor League Baseball begins its 2021 season, there will be 25% fewer teams than there were at this time last year.

The state of play: The realignment removes a net of 40 teams from 2020, for a total of 120 teams across 39 states.

  • 43 teams lost MLB affiliation. Two were Double-A clubs, while the other 41 were Single-A or lower.
  • Three independent teams — the Somerset Patriots, St. Paul Saints and Sugar Land Skeeters — gained MLB affiliation.

Why it matters: The reshaping of the minors is a push toward modernizing MLB's development pipeline, but the changes will leave pockets of the country without access to high level baseball.

What they're saying: In a letter sent to Congress in 2019, MLB cited poor facilities, geographic inefficiency, and "too many players" as key challenges within the minor league system. So that's what this restructuring plan addresses.

  • Higher wages: Due in part to fewer roster spots, player salaries will increase between 38 and 72%.
  • Less travel: Big league teams will be an average of 200 miles closer to their Triple-A affiliates, and most will be within driving distance.
  • Better conditions: Under the new structure, MLB will modernize facility standards and improve amenities and working conditions.

The other side: Sen. Bernie Sanders (I-Vt.) has vocally opposed MLB's plan since 2019, suggesting that it has "nothing to do with what is good for baseball" and "everything to do with greed."

  • Sanders' local team, the Vermont Lake Monsters, were eliminated, leaving them without a big league club after 27 seasons with the Athletics (2011–2020), Nationals (2005–2010) and Expos (1994–2004).
  • "Closing down Minor League teams ... is a disaster for baseball fans, workers, and communities across the country. I will do all I can to fight it," Sanders tweeted last week.

Between the lines: The 40 eliminated teams aren't all going away. Some will join independent leagues, while others will join the newly formed MLB Draft League, which focuses on draft-eligible prospects.

Data: MILB, MLB; Note: Calculated using the median distance from the center of each state’s counties to their closest current Minor League team; Chart: Andrew Witherspoon/Axios

Notes:

  • The Mountain West states of Montana, Wyoming, Colorado, and Idaho were most affected by contraction. Losing seven teams hurt the largely rural states, whose best bet for baseball in 2021 are independent teams.
  • Tennessee lost six teams, but the median distance to the closest team averaged across its counties only increased by 11 miles. The density of teams in the Carolinas and surrounding Southern states offset the losses.
  • Vermont and West Virginia lost their only teams. The Lake Monsters' future is unclear, while the West Virginia Black Bears will join the MLB Draft League.
  • The Twins' Triple-A affiliate shifted from Rochester, New York, to St. Paul, Minnesota, decreasing the state's median distance to a team by 135 miles.

Go deeper

U.S. economy grew at a 6.5% rate last quarter, missing expectations

Contractors work on a home under construction. (Photo: Micah Green/Bloomberg via Getty Images)

The U.S. economy grew at an annualized 6.5% rate last quarter, the government said Thursday.

Why it matters: It's a slower pace of growth than the 8.4% that forecasters expected, with the economy reopening, vaccines rolling out and government aid rolling in. But the economy has officially recovered from its pandemic-induced plunge.

Updated 2 hours ago - Sports

Olympics dashboard

Team USA's Simone Biles during the women's team final on day four of the Tokyo 2020 Olympic Games at Ariake Gymnastics Centre on Tuesday in Japan. Photo: Fred Lee/Getty Images

🤸🏾‍♀️: Simone Biles reacts to "love and support" after withdrawing from all-around gymnastics and team finals, citing her mental health

🏃: U.S. pole vaulter Sam Kendricks withdraws from Games after positive coronavirus test

🏊‍♂️: Caeleb Dressel wins gold in men's 100m freestyle —Bobby Finke wins gold in first men's Olympic 800m freestyle

📷: In photos: Tokyo Olympics day 6 highlights

🗓: The Olympic events to watch today

💵: Olympic athletes see more sponsorship opportunities

🏃‍: Female Olympians push back against double standard in uniforms

Go deeper: Full Axios coverage - Medal tracker

Felix Salmon, author of Capital
2 hours ago - Economy & Business

Giant earnings growth for the world's largest companies

Illustration: Aïda Amer/Axios

Never in the history of capitalism have the world's biggest companies grown as fast as the tech giants in recent years.

Why it matters: A series of stunning earnings reports this week — with another one likely to arrive Thursday afternoon, from Amazon — has underscored the astonishing growth among a group of companies that were already some of the most profitable of all time.