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
...llege athletes not the solution." San Francisco Chronicle (10/1/2007 to present) 26 July 2011: B2. Regional Business News. Web. 6 Feb. 2014.
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
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.
According to Rick Reilly, a freelance writer for sports magazines, free agency (which he broadly defines as an athlete's ability to offer his services on the open market to the highest bidder,) is a threat to baseball (108). However, free agency does have a few restrictions that do not allow just any player to file for it. A player with zero to three years of experience must negotiate his salary with club management; a player with more than three but less than six full years in the majors has an option of submitting a salary dispute to an independent arbitrator; and a player with si...
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).
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.
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.
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.
College athletes do a lot for their universities, but they do not seem to get much in return. They make millions for the NCAA and the university itself, but they do not get to keep any of the money they make. The best thing a student athlete can get is a full scholarship, which is great, but might not be enough. For many athletes, the ideal situation is to make it big and go professional after college, but that does not happen very often. Even the lucky few who make it, may end up getting screwed since they go from having no money to being rich. That sounds great, but how likely is it that they know how to manage their money so they can stay wealthy? Having an agent or financial advisor in their college days could help, but the NCAA forbids it. The NCAA is a growing program but is has to make some changes if it wants to be fair to the student athletes associated with them. These changes should include granting student athletes stipends, better rules for agents, and clearer scholarships.
Where does all of this money come from to pay these superstar athletes? It comes from the fans. The same fans that cry when their team loses, celebrates when they win and pay six dollars for a beer and seven dollars for a deluxe hot dog at their team’s game. Ticket prices continue to go up every year. How fair is it for the fans to pay at least $100 to go see a game and watch their favorite player jog out a ground ball or not play their hardest, or a player misses a game because they are “sick or injured.” If a hard working person missed a couple days a month because they were sick or hurt, they would be fired without a doubt. In the case of athletes, they go on a two week paid vacation, otherwise known as the 15-day disabled list.
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
Sporting crises lay sponsors' most valuable assets, their brands, open to an associated fallout. How they can minimise its impact?
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. .