This policy assumes that any player with hair that is not "neat" would therefore be imposing a negative externality on the team. It is the view of the management that such an unkempt appearance would tarnish the professional reputation of the ball club, and cause fans to consume less of their product in the form of ticket sales and merchandise.
This logic ignores the marginal benefits produced by Manny's hair. A large part of Manny's appeal as an athlete is his laid back goofball attitude, which is embodied by his wild looking hair. When fans pay to see Manny play or buy his uniform, part of it is due to the persona he has made for himself, not just for his production as a player. Furthermore, by forcing him to cut his hair, it could harm his on-field performance by damaging a source of his confidence. The question remains, do the benefits outweigh the costs of a haircut of this magnitude?
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