Ian Gilmour
Stringer
AP English 11
6 March 2017
The Effect of Sports on the US Economy The sports industry is perhaps the largest in the entire world, stretching its reach anywhere from the US to tiny countries in the middle of nowhere. No matter your age, gender, race, one will be involved in some way with sports at some point in their lives. Sports is a universal language, a treasure that can transcend boundaries and one that is blind to our differences as a human race. Sports has many facets and can effect a numerous amount of activities; one thing is can largely effect is our nation’s economy. Our society revolves around sports, sports teams, sports figures, and anything that has to do with sports. While the sports industry is plagued
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However, the area that the sports industry contributes the most to is through the revenue that they generate. Major sports events can have a big impact of people’s lives, but it has an even bigger impact on the local economy. Major sports events pump insane amounts of money into an economy. The 2014 British Open Golf Championships generated 75 million pounds into the local economy (Thorne). These events draw interest from fans and tourists who would not normally contribute to the local economy, but do because of the sporting event taking place in that area. The money brought in benefits so many different groups of people, including but not limited to: accommodation providers, local travel, local shops, and even car garages (Thorne). Sporting events create money influx for the time during the event, and can even create influx for that area in the future. The Giro D’Italia in Northern Ireland stimulated increased cycling and created more interest in the country as an activity holiday destination. Sporting events lure people who are not regulars in an area, people who can be lured into coming back for a vacation and not even to witness another sporting event. This area’s revenue can profit at multiple different times because of one sporting event. That is a major reason why cities fight so furiously to secure a sporting event for their area, and for their economy. That event took place over just four days, and while that is a very hefty amount of money generated by a sporting event, it dwarfs in comparison to sums generated by even more major sporting events. The NBA All-Star Game single handedly generated over $65 million dollars for Arizona’s economy in 2009, the Waste Management Open consistently brings in over $200 million annually, and the Super Bowl produced a whopping $500 million for Phoenix, Arizona’s economy (Rentilly). One game, one
Siegfried, J., & Zimbalist, A. (2000). The economics of sports facilities and their communities. The Journal of Economic Perspectives, , 95-114.
Professional sports, like most of our popular culture, can be understood only partly by through its exiting plays and tremendous athletes. Baseball and football most of all are not only games anymore but also hardcore businesses. As businesses, sports leagues can be as conniving, deceitful, and manipulative as any other businesses in the world. No matter what the circumstances are, it seems that Politicians are always some how right around the corner from the world of sports. These Politicians look to exploit both the cultural and the economic dimensions of the sports for their own purposes. This is what is known in the sports industry as “playing the field”.
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.
When looking into the history of our culture, there are many subtopics that fall under the word, “history.” Topics such as arts and literature, food, and media fall into place. Among these topics reside sports. Since the beginning of time, sports have persisted as an activity intertwined with the daily life of people. Whether it is a pick-up game of football in the backyard, or catching an evening game at the local stadium, sports have become the national pastime. According to Marcus Jansen of the Sign Post, more specifically, baseball is America’s national pastime, competing with other sports (Jansen 1). Providing the entertainment that Americans pay top dollar for, live the role models, superstars, and celebrities that put on a jersey as their job. As said in an article by Lucas Reilly, Americans spend close to $25.4 billion dollars on professional sports (Reilly 4). The people that many children want to be when they grow up are not the firefighters or astronauts told about in bed time stories. These dream jobs or fantasies have become swinging a bat or tossing a football in front of millions of screaming fans. When asked why so many dream of having such job, the majority will respond with a salary related answer. In today’s day and age, the average athlete is paid more than our own president. The cold hard facts show that in professional sports, the circulation of money is endless. Certain teams in professional baseball and football are worth over millions of dollars. Consequently, the teams who are worth more are able to spend more. The issue that arises with this philosophy is virtually how much more? League managers, team owners and other sports officials have sought out a solution to the surfacing problem. Is it fair to let...
You see sports everywhere, on your TV and even your local park. The value of sports in the average American is astronomical, sports is a major priority in people’s life. Sports teaches young kids how to be successful (and not successful) at life. There is so much that goes into sports that people who never have played will never understand. With each sport there is specific skill that one must master to be good, and with that takes hours and hours of hard work. You can talk about a certain individual’s skill and capabilities that make him great, but the real value of sports lies within a person. Sports creates determination and a competiveness that can be used in other areas of life, not just sports. There are millions of kids who attempt to become professional athletes but as the level of competition increases the number of athletes decreases, very few of them ever becoming a professional athlete but they are able to take what they have learned from sports into different professions in life. When a kid spends hours in the backyard perfecting his swing it can translate to the kid spending hours of hard work in his job. Companies and business like to hire ex-athletes because they already know what kind of person they are, hardworking and
Every sports fan hates to admit the fact that sports are simply business, but it is undeniable that sports are one of the most lucrative businesses in the U.S. Right now the market for women's professional sports is growing rapidly. The best way for women's sporting organizations to promote and sell this market is to align with previously established organizations such as the NBA, NCAA and the USOIC. Although joining with men's organizations is a difficult process that involves compromise, merging with these organizations helps to land big television contracts, gives greater publicity, and brings in endorsements, advertisers and investors. The lack of these benefits was among the key factors in the failure of the ABL. Inversely, these are the reasons for the successes of the WNBA and women's sports in the Olympics.
Coakley, J. J. (2007). Sports in society: issues & controversies (9th ed.). Boston: McGraw-Hill Higher Education.
The business of sports marketing has become both lucrative and influential in shaping sport in general and the individual athletes. The desire for endorsement offers and profitable media coverage has become a crucial facet of modern sport. With a selection of athletes making millions of dollars a year, outside of their sporting arena, it is obvious to see the impact of marketing and advertising on sport. In this essay I will examine the ways in which marketing effects the athletes and sport in general. Also, I will identify the characteristics of a marketable sporting "celebrity" and further look into African American athletes specifically and the way the African American community is marketed.
Abstract: Society is affected every day by many different kinds of sports. These sports often govern society's way of life. People all over the nation turn their TVs to sporting events, such as golf, during the weekends. Scott Stossel states that "more than six million Americans enjoy watching golf on the weekends." Parents use sports as a teaching tool for their children. Kids learn teamwork and discipline from team sports programs and sports have also helped many students with their grades. Kids who want to compete in school sports are taught to keep their grades up or they won't be able to play, but the greedy coaches and schools often look around grades to keep their "star athletes" in the games. Adults have been affected by sports in their bank accounts. Tax increases for funding a new stadium, golf course and even school programs have hurt the middle class Americans. Sports have taken control of small communities and soon will take control of society
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.
There are a total of 3,878 jobs created from Penn State Football. This may not seem like a large number, but it is almost 4,000 people that would not have jobs if Penn State Football were irrelevant.
Sport is one of the most unique industries in society. It impacts our economy, our school systems, the clothes the wear, the television we watch and most importantly, the emotions we feel. From the heartbreak of a playoff loss, to the elation of a game winning goal, sport has everything to offer. CONTACT Discussion Assignments Sport Radio Assignment
While sports for the spectators are merely entertainment, the economics of the industry are what drives businesses to become involved. Sports have become more of a business entity rather than an entertainment industry due to the strong economic perception of the over all industry. There are several instances in which economics may contribute to the effect on the sports industry, such as: the success of a team, the price of a ticket, the amount of money an athlete will make, and the amount of profit a team will make. The success of an...
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.
Being a professional athlete is what everyone desires to be in a period of their lifetime. The fame and attention these stars get from the world is what everyone lusts for. But the main reason people choose athletics is for the money. Athletes get paid over a million dollars a year for only playing a sport, and don’t need an extensive education either to achieve this goal. Compared to athletes, other jobs, such as engineers, don’t get paid anything compared to the salary professional athletes get. A professional athlete’s salary ratio compared to a salary of a job benefitting mankind is unproportional. Their work improves our lives, and their salary should reflect their work and determination put into the many projects created. Professional athletes don’t benefit humans very much, since they are mainly only sources of entertainment. The knowledge, money, and spending habits contribute to the fact that they are being paid extensively for playing a sport. Athletes only need half the brainpower of a hard worker to apply for a sport and become rich. After they are accepted into a league...