One of the top sporting events in the world is considered to be the NCAA March Madness tournament. This tournament is ranked third just behind the super bowl and FIFA World Cup. It’s unbelievable to think that one of the top sporting events in the world is in college athletics. You have other professional sports like basketball, baseball, hockey and NASCAR, but there championships still don’t compare to the NCAA championship. March madness is so popular that global firms Challenger, Gray & Christmas, Inc believe that companies are expected to lose about $1.2 billion because of every hour of work that employees are watching games instead of working (Koba, 2014). These employees will spend on average 90 minutes a day at work watching basketball instead of doing their job. With over 50 million Americans competing in some type of March madness pool, this doesn’t seem out of the question. This just shows how popular of an event this tournament is. Some people even believe that this tournament costs business so much money that it’s actually toxic for the US economy.
March Madness coined its name in 1908 by a man named Henry V. Porter. Mr. Porter was the secretary at the Illinois High School Association. He wrote an article that was called “March Madness” and they took this saying into the invitational where fans could use it for the basketball games during March (Latrel, 2013). However, this March madness that Henry Porter created didn’t start with college athletics. It started as a small high school invitational tournament in Illinois. The Illinois High School Association sponsored this March madness event where local boys high school teams would compete at the University of Illinois arena. This is a large arena that would get filled...
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...of revenue, which is great for the small programs that are involved. With the CBS contact being $11 billion dollars, these teams can get a large sum of money. I think that this March madness tournament has nothing, but good to come from it.
Works Cited
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NBC News. N.p., 17 Mar. 2014. Web. 8 Mar. 2014. http://www.nbcnews.com/business/consumer/your-march-madness-pool-probably-illegal-n54521
1-800 Sports. N.p., 11 Mar. 2013. Web. 8 Mar. 2014.
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“NCAA Men's Division I Basketball Championship.” Wikipedia: The Free Encyclopedia.Wikimedia Foundation, Inc. 18 March 2014. Web. 18 March 2014.
In basketball, the National Championship game is the dream of every kid that plays basketball in college. NC State’s basketball team wasn’t well known in 1983. Jim Valvano was the coach and he knew he had a great group of kids. When they won the ACC tournament against the great Ralph Sampson and Virginia, people thought that the win was just luck and they probably wouldn’t make last when they got into the tournament. Throughout the tournament, NC State kept surviving and advancing. In Johnathan Hock’s documentary “Survive and Advance”, Hock uses stock footage of the games that were played during the tournament, different points of view from the players, and the sequence of the documentary to prove that NC State’s basketball team were the underdogs during the whole tournament; however they were able to win despite their adversity
Kennerknecht, Rob. "Interview about PIAA State Championships for Football and Basketball." E-mail interview. 3 May 2014.
There have been many historical moments with the University of Dayton Flyers Men’s Basketball team, but Mark Weaver recalls of the one that meant most to him. It took place on March 24, 1967, in Louisville’s Freedom Hall for the Final Four of the NCAA (National College Athletic Association) tournament against the highly favored North Carolina Tar Heels (Collett 228). This was the third straight NCAA tournament appearance for the Flyers, but their first ever Final Four (Collett 228). It turned out that the Flyers smashed North Carolina, seventy-six to sixty-two. Don May hit a record thirteen straight field goals and scored thirty-four points (Collett 228). Mark Weaver, a lifetime fan said, “I remember that game like it was yesterday, it almost brings tears to my eyes. I have never seen UD party like we did the night of that game. I have been following Dayton basketball since the mid-1960s and I have yet to witness the team getting a greater win than the one over the Tar Heels.”
College basketball is full of heart, hustle and the sheer will of wanting to win every single game while in the NBA a loss does not matter to the extent it does in college basketball. When it comes to playoffs in the NBA is nowhere close to as serious and fun to watch as March Madness. March Madness is either win or you die. While the NBA you have seven chances to win four games, with this you lose a certain degree of competition. If you have one chance one shot at winning the national championship the amount of heart and effort that individuals put into the game is so noticeable higher that it is hard to explain. With several March Madness game ending in low score margins that change every few seconds and often games ending with game winning three pointers or half court miracle tosses. When it comes to the comparison of NBA and College Basketball College wins without a
The NCAA is an organization that was established in 1906 to administer intercollegiate athletics. It enforces the rules for various sports and the eligibility criteria for athletes. The NCAA supervises athletic contests for about 80 national championships in about 20 sports per year. The NCAA has gone through some structural changes throughout the years. When the organization first started it had every team and conference on equal levels. It took a while but finally there was some long overdue changes made.
Recently college athletes have been granted permission to work, from the NCAA. Even with this permission, their jobs are still regulated. One regulation to the athletes working is that they cannot work for alumni of the school. The NCAA has this rule because they feel if athletes work for people with close ties to the school then they will be receiving special benefits while working. These special benefits include, (but are not limited to), athletes being paid while not at work and higher salaries then other workers doing the same job (Anstine 4).
Sperber, M. (2011). Pay for Play: A History of Big-Time College Athletic Reform. Journal of American History, 98(2), 595-595.
Over the past twenty years, many things have changed and evolved to impact our economy. From cell phones to music to media, we are all constantly affected. The most influential aspect though, in my opinion, has been America’s biggest game, the Super Bowl. The Super Bowl by all means effects our economies in every way, shape, and form. The sport is one of the most complex social institutions in American Society. Sports effect major institutions of society, including: the mass media, politics, religion, education, and family. The Super Bowl gathers thousands of viewer’s attentions including those who do not usually watch the regular season games.
As with many things in life, running an athletic program cost a lot of money. No school can start a new program or maintain the current ones if they do not have the required amount of money to pay coaches, run facilities, and provide equipment for the players. The only way a new team can be started is if a the athletic program makes enough money to support a new men’s and women’s team. Depending on the size and popularity of the sport and school, most revenue is generated through lucrative television contracts and money given to each school from the NCAA. In 2015, the NCAA generated 912.3 million dollars in revenue, with the majority of that money coming from the television contracts. In 2012, ESPN agreed to a pay 7.3 billion dollars to televise the College Football Playoffs. With all of this money being spent on to televise the games, schools could look to sign bigger television contracts with the hopes of expanding their athletic
Personally I believe that 1.725 billion is a ridiculous amount for NBC to pay for the rights fees of March Madness. But obviously they are not mad. The economics and financials behind their decisions to continually pay more and more is justifiable. Once again boiling down to the ratings. The 70 hours of March Madness are extremely popular in the US and boast extremely high ratings. Therefore, advertisers are willing to pay the big bucks to get their ads on the air. The same is true about the Superbowl, with 30 second advertising sports reaching astronomical highs networks are lining up to buy the rights fees for the event. As Bill Brown the senior vice president of Fox Sports stated, “ we want entertainment…we want to televise the teams that will deliver us the highest ratings”. That truly summarizes the essence of sport media today, and why rights fees are working. “Fox, paying MLB about $417 million a year in a deal”, which expires next year. With baseball’s popularity on the rise again the rights fees for the league are undoubtadly going to increase. But as the numbers have shown the Fox network is the big spender when it comes to rights fees, dispensing $2.5 billion from 2001 to 2006 on MLB alone.
Billions of dollars are spent by millions of people watching these events and expecting greatness from their school’s athletes. People give little thought to why they paid group A for group B’s talent. Athletes do not have time to give the people greatness and earn money in another fashion while maintaining a high academic profile. Athletes are seen more than any other person on any given campus. Athletes are being exploited. Running out of time is one thing, but running out of money to feed yourself and purchase necessities is much different. Major college athletes are running out of everything and there is a simple solution, pay
Basketball was created by a man named Dr. James Naismith. He created this game not for fun, but because Springfield College’s (then known as the International YMCA Training School) Physical Education class needed a new game to play.
...came upon a final decision to bring about a playoff system that would include all conferences and schools, big or small. In the long run, fans will hopefully be happy with this change and enjoy the same type of tournament that is enjoyed during March Madness.
Within March, hundreds of men’s college basketball players dreams are crushed for no reward. During the march madness tournament, athletes, fans, ESPN analyst, and all people who consist in creating a bracket have heartbreaks and lots of excitement. While there are a few others who do not care to pay attention to the tournament, many people are drawn to watch the athletes and teams to compete against each other. The NCAA tournament spans for less than four weeks every year starting in mid march and ending in early April (“NCAAM Tournament Schedule”). According to ESPN, the NCAA tournament has existed since 1939 and has an increase in views every year (Scosh). The NCAA tournament is becoming just as popular as other major sports events like
Many people believe that the money generated from the sports played by these kids should be given back to them as they are the ones drawing the fans to these events. However few realize how little schools actually gain money by participating in the National Colligate Athletics Association. A recent study conducted by USA today showed that there are only 40 schools that consistently turn profits from the sports that they host. (Whiteside, USAtoday.com) This means that out of approximately 200 schools who participate in division one sports, only 1/5 actually would have money available to give back to the student athletes. Furthermore, it would be unfair to provide the students who play the sports, the money that is generated from their events, rather then putting the money back into the schools. Although these students participate and spend much of their time playing, they are no more special then the average student who attends the school. Putting the money back into the school itself allows everyone a better education, rather then just a few students, some spending money.