I saw a couple years ago a comprehensive analysis done that showed mathematically why a team would be better off being competitive year in and year out, even if they didn't win it all, rather than sucking for a number of years only to excel for one and win it all.
So I created my own scenario: Here!
My results were not surprising to me, but they might be to some of you. Here are my results:
Good every year for 6 years blew winning 1 championship out of the water. Over the course of 6 season, the good team grossed $71M than the tanking team. They also had over 750k more fans in attendance. The good team almost tripled the tanking team in merch sales and almost double in concession sales.
**This is just a model. In the initial design of it, I didn't know for certain that my hypothesis would be proven correct. I did not "fudge" the numbers to make it happen. I can't say for certain that this model could accurately represent a professional sports teams, nor does it take into account any expenses, it is just gross income on 3 major aspects of a franchise based on fan spending. Another category of income is sponsorship which would be steady for a good team but in flux with a tanking team.