Rhonda, Excellent post this week! Just as with any other aspect of the sports industry, in the event of a lockout, a sports agency will begin to feel the effects of a lockout of any sport. What sort of time frame do you believe that it will take for a sports agency to begin to feel the effects of a lockout? What do you believe other benefits of having former athletes involved in a sports agency would be? Which type of agency do you believe to be best for the athlete to choose? Does it differ from athlete to athlete? Most athletes will typically wish to work with a full-service agency because they do not have to worry about having different aspects of their life split up between different agencies. From the way in which you describe PSI sports
Labor market theory is one of the most integral economic theories needed to dissect the inefficiencies in professional sports. Looking first at the type of market these leagues function in, one can see that they do not necessarily meet all the criteria that a competitive market requires. The big four sports leagues in the US have a set number of teams which creates barriers for entry. Only when an expansion is agreed upon by the league, such as NHL has done for the upcoming season, are teams allowed to enter, and even then, it is limited to a maximum of a few teams in recent history. Additionally, the league makes it virtually impossible to exit, as selling of a team is the closest they come to exiting the market. Through
The National Collegiate Athletic Association is an organization that some universities are a part of, but not recommended to join. It is a non-profit association that regulates athletics of institutions, conferences, organizations, and individuals. It organizes the athletic programs of colleges and universities in the United States. It is designed to help prolong the lifelong success of college athletes. There are 1,121 college and universities, 99 conferences, and 39 affiliated organizations. There are over 460,000 athletes that make up the 19,000 teams that participated in over 54,000 competitions each year. My SWOT analysis will identify the strengths, weaknesses, opportunities and threats facing the association, when it comes to its daily business, finances, and rules and regulations of this organization.
In the American economy, capitalism is at the root of every major market; markets such as the textiles, healthcare, utilities, and sports entertainment. Professional basketball is a huge industry in the United States that many corporations and sports-lovers spend money on to watch and endorse. Devastating to many of the fans, the National Basketball Association (NBA) went into a lockout in 2011 because of the many economic issues that the league had been experiencing in the previous years. During a lockout, players cannot play, teams are not allowed to trade, sign or contact players, and many players do not get paid and cannot access NBA team facilities or staff. The 2011 NBA lockout was the fourth lockout in NBA history. The 2011 lockout started on July 1, 2011, and ended December 8, 2011, delaying the start of the NBA season by almost two months. Although many critics would argue that the 2011 NBA lockout was caused by the team owners’ greed and the professional players’ unwillingness to compromise, the main and most unbiased causes of the 2011 lockout were the expiration of the NBA’s collective bargaining agreement (CBA) that was set in 2005 and the great recession of 2007. Nonetheless, the team owners’ greed and the professional players’ reluctance to negotiate clashed and prolonged the NBA lockout period.
The focus of professional sports has evolved from one of teamwork and camaraderie to one of avarice and greed. The specific problems in recent years that have stemmed off this overwhelming greed include exorbitant salaries, lockouts (or work stoppages) in professional sports, and the growing disparity among team payrolls. Most recognize these issues as major problems; however, others overlook the greed and see validity in the financial aspect of today's sports world. They argue that professional sports are thriving and should not be modified.
Business deals happen every day; Contracts expire, renew, and are negotiated without the public knowing for many large corporations and even sporting leagues. However, some contract changes cannot escape the media’s attention. The National Football League (NFL) is facing an expiration of its Collective Bargaining Agreement (CBA) (NFL Lockout Now One Month Old). Currently, the agreement has expired and NFL team owners have selfishly chosen to “lock” the players out. The term lockout means that the players are essentially not allowed to participate in any team activities or duties until the owner’s rescind this lockout. While many believe this is simply a battle between team owners and a player union, it can only appear to most as a selfish act of the NFL owners trying to rich, greedy men in expensive suits, and the only people they are hurting, are the fans of football.
Nowadays, we've seen many universities’ competitions on the television as a leisure performance but we've never concerned whether they receive their pay. In Mike Benedykciuk's article "The Blue Line: College Athletes Should be Paid," he argues that student athletes should receive the wage though they are not professional. Like any good writer, he employs special word choices, statistics and rhetorical devices to plead with the audience to take his side. In this article, he demonstrates many such devices, which will be explained further as follows.
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).
Was Coach Carter's decision to do a lockout a good idea? To me the answer to to the question is yes. Canceling games and practices was a good idea because if the players were failing at their work they shouldn’t do basketball. The players were skipping lessons and not completing the assignments, but then they would continue to participate in basketball. That is why the most of the trouble they had was from the classrooms. Coach Carter saw throughout Richmond street players who got left behind in life by not making something out of themselves. Coach Carter did not want that the happen to his basketball players. Going to the library instead of the gym at first didn’t sound like a good idea to the basketball players and community, but when
...llege athletes not the solution." San Francisco Chronicle (10/1/2007 to present) 26 July 2011: B2. Regional Business News. Web. 6 Feb. 2014.
Ms. Jennifer Fontaine does not support the idea that athletes are overpaid. Ms. Fontaine suggests that athletes who are superior in their skills and talents associated with their respective sport should be duly compensated. Ms. Fontaine also states that the money earned by these athletes is justified because professional athletes work harder than people in almost any other profession. Last, it is her premise that the money earned by these highly talented athletes help to cover the high costs of medical treatment for serious, if not life-long, injuries such as knee, back/spinal, and head injuries.
In Foul Play: What’s Wrong with Sport, Joe Humphreys lists numerous reasons as to why sport is detrimental to society. His reasons range from sport being discriminatory all the way to sport promoting a decline into gang culture. While I disagree with Humphreys’ proclamation that sport is detrimental to society, there are unquestionably some components of sport which are detrimental to society, one of those components being the quota system.
Wake up, go to school, come home, train, come home, eat dinner, do homework, and go to bed. That is the life a college student, who is involved with sports at the college. Most college athletes spend up to 40 hours a week just training. They deserve something from that. College athletes should be paid.
Sports are one of the most profitable industries in the world. Everyone wants to get their hands on a piece of the action. Those individuals and industries that spend hundreds of millions of dollars on these sports teams are hoping to make a profit, but it may be an indirect profit. It could be a profit for the sports club, or it could be a promotion for another organization (i.e. Rupert Murdoch, FOX). The economics involved with sports have drastically changed over the last ten years.
Reinhold, Eric J. “A Game Plan for Working with Professional Athletes.” Journal of Financial Planning. Jun. 2000. 26 Nov. 2003. .
Sporting crises lay sponsors' most valuable assets, their brands, open to an associated fallout. How they can minimise its impact?