I believe that what DR3 misheard or misreported here, would have been that MLB is on a pace to hit 1000 fewer homeruns.
MLB is on a pace to hit 4362 homeruns this season, which will be about a thousand fewer. Baseball Reference.com has 5386 homeruns being hit in 2006.
Having cleared that up, I hope, we will still have a massive drop of around 20 % in homeruns over a two year period. And of course the elimination of steroids is immediately the biggest suspect. So, is this a sign that we have entered the post roid age? And are the performance levels taking place now more indicative of real abilitity levels than what we have been seeing in the past decade or so?
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