We Should Build New Sports Stadiums
In Roger G. Noll’s article on pro sports’ stadiums in the New York Times, he states that a new baseball stadium in New York City (or anywhere else) is too costly to construct. Mr. Noll is an economist and so it stands that he would understand the financials of building new stadiums. He even attempts to look at the issue, though not an honest effort, from all perspectives.
He says that these facilities never pay for themselves, that there is an increase in overall community income, but not enough to offset cost. He states that though highly paid, a team employs very few workers. A new stadium offers more amenities that are more expensive, such as luxury skyboxes, thus bringing in more revenues than the old stadiums. The teams do see some of these profits but so do the cities. Noll writes that new stadiums force other entertainment out of town, this can be true, but it also brings in new business in the form of restaurants and pre and post-game entertainment. The profits from transportation can be much larger in the post stadium city.
It is true that many cities are financing most if not all of the cost for new athletic complexes. The cost is, in the least, absorbable by the city. The urging of teams to force the pay for the cost of a stadium is a bluff, and should be called by the city. The Yankees will not leave New York and the millions of dollars in T.V., radio and merchandise licensing that a city of that stature can bring. The fact that cities are forced to pay for stadiums is a call for better negotiators for the city, not a reason not to build a stadium.
Hall says that not even New York can keep the Yankees without subsidizing it. Currently it is true that the Yankees are subsidized by the city of New York, but as I previously stated, the Yankees would not give up the fringe benefits of the city that never sleeps. The Yankees tradition is very long and very great. In the current economics of professional sports the Yankees could not leave New York and still afford their current payroll. If the Yankees were forced to cut their player payroll then they would put their winning tradition at risk.
Do Major League Baseball teams with higher salaries win more frequently than other teams? Although many people believe that the larger payroll budgets win games, which point does vary, depending on the situation. "performances by individual players vary quite a bit from year to year, preventing owners from guaranteeing success on the field. Team spending is certainly a component in winning, but no team can buy a championship." (Bradbury). For some, it’s hard not to root for the lower paid teams. If the big money teams, like Goliath, are always supposed to win, it’s hard not cheer for David. This paper will discuss the effects of payroll budgets on the percentage of wins for the 30 Major League Baseball teams of 2007.
Ultimately, there are three exceptionally important criteria for deciding on good candidate for an expansion team. The first criterion is that the stadium must be controlled or owned by the baseball team. The stadium is a crucial aspect because most of the team’s revenue is generated in relation to the stadium. This stadium revenue comprises of ticket sales, parking, merchandise and concessions. Thus, without a stadium, the team will not be able to generate a stable source of revenue. The second criterion is that local ownership must have strong roots within the community. Without ties to the community, fan attendance could decrease. This is because fans could eventually perceive that the owner(s)’s only goal for the MLB franchise was to be profitable. The third criterion is the city must have long-term political support in the community. It is vital to have political support in order to gain financial support throughout the team’s years of existence, especially in tax payer monies. Particularly, this is significant when the team experiences issues or fights that involve the stadium and the land around the stadium. If there is a lack of political support, the expansion teams will not be able to obtain enough for money for stadium renovations, repairs, or to build new stadiums for the same team within the same city. This circumstance was apparent when the New York Yankees used tax revenue generated by New York City to fund the building of their brand new stadium for the 2009 season. Therefore, expansion committees believe it is necessary to confirm that the prospective cities will have enough political support because this political factor will help stabilize and financially support the prosp...
Through out the 1950s the Yankees experienced highs and lows but team remained arguably the ball club in all of Major League Baseball. In the 50s the team showed off tough unwavering determination to win even when some of their best players were missing from the line up. Although The Yankees didn’t win a World Series each year of this decade it is still hard to argue that they didn’t maintain their reign over professional baseball. At the start of the Yankees organization the team established one of the most storied and legendary histories ever in baseball and has built on it and will continue building on it for many days to come.
...clusion the “Sports Construction Era” ballparks are a radical change in the way we experience a major league baseball game. The radical changes benefit both the baseball club and the fans. Finally the new style of construction employed by these three “pioneer” cities has been such a success that they have become the standard for the future of major league ballpark construction throughout the country.
For the last 30 years, the New York Yankees have been a dominant force in Major League Baseball. Other teams do not make as much money as the New York Yankees therefore they have less capital to spend on big name players. In 1994, the Major Leagues put the luxury tax into place. The idea was to tax a club’s payroll if the total payroll exceeded a certain limit. However, the Yankees seem to exceed this limit every year. The Yankees are a notable team not only for their impressive history on the field, but also for their financial situation. The Yankees owner spends more on player salaries than any other franchise in baseball. “As of 2004, the team payroll is more than $182 million, which is $51 million more than the second-highest team, the Boston Red Sox, and more than the six lowest-payroll teams combined” (Wikipedia Encyclopedia”). The millions of people who are associated with baseball in this country, many of whom had only a vague idea of what was happening, are now asking themselves whether or not the game is being played fairly. Even though teams like the New York Yankees are able to assemble top-notch teams by ignoring the spending limit, a salary cap is necessary to maintain the equal competitive nature of major leag...
However, if the current rules remain in place and baseball continues without a salary cap, the only hope a small market team may have is to fend for themselves on the big market with financially superior teams. This becomes an exceedingly harder task when one team can afford the salary of two top players while those contracts are equal to the entire payroll of another team’s entire roster. Therefore, the question remains should baseball implement a salary cap, and if they do, how would it come into play. When asking the question regarding the salary cap, four supporting ideas arise for either the implementation of a salary cap or keeping it nonexistent.
The New York Yankees are arguably the most storied and well-recognized sports organization in the world. “...they are perhaps the epitome of a large market baseball team (Emanuele, 2010). Not only do they have the most national championships in the history of North American sports, but they are valued as the highest sports franchise in the United States; being worth $2.3 billion according to Forbes.com. Their tremendous wealth, power, and influence is reflected by a fan base and awe that stretches world-wide. From the Bronx to South Korea, from Cuba to the Netherlands; the Yankee brand is known by just about everyone. The Yankees are referenced in movies and songs, and the Yankee cap has become a part of pop-culture as hollywood
If one were to visit different countries and societies throughout the world, they may notice the many differences and similarities each region shares. This makes the world a very unique place because there is constant change and diversity everywhere we look, no matter the distance traveled. A prime example of this would be the similarities and differences between the United States of America and Mexico. Although the two are neighboring countries, there is a great deal of diversity amongst them that deserve a thorough examination.
Baseball remains today one of America’s most popular sports, and furthermore, baseball is one of America’s most successful forms of entertainment. As a result, Baseball is an economic being of its own. However, the sustainability of any professional sport organization depends directly on its economic capabilities. For example, in Baseball, all revenue is a product of the fans reaction to ticket prices, advertisements, television contracts, etc. During the devastating Great Depression in 1929, the fans of baseball experienced fiscal suffering. The appeal of baseball declined as more and more people were trying to make enough money to live. There was a significant drop in attention, attendance, and enjoyment. Although baseball’s vitality might have seemed threatened by the overwhelming Great Depression, the baseball community modernized their sport by implementing new changes that resulted in the game’s survival.
There is the question about the legal status of the new tests. Would the city use the old or new tests in determining whether Z CORP broke the law? The current law specifies that the old test is, but there is reason to wonder what the courts would do if Z CORP was aware that it was violating the standards by the more sensitive tests. The long-term health effects of presenting numerous amounts of heavy metals into Gilbane Gold have g...
Christopher McCandless’ stubborn personality causes him to leave a loving home in order to start a new beginning as “ Alexander Supertramp, master of his own destiny”(Krakauer 23). He refuses to further educate himself with a law degree, instead taking a journey into the wild, leaving behind his mother, father and caring sister. Chris grew up as an intelligent individual excelling in almost everything he did. His parents supported him and often encouraged him in his endeavors. Unfortunately, and for clear reasons, Chris did not reciprocate his parents’ love, instead he creates an illusion of normality, causing his parents to believe that everything was fine, while he slowly drifted away from them both physically and emotionally. Chris “let them think they were right”, so they would begin to think that he was beginning to see “their side of things”, when in truth, he was merely waiting for the right time to completely “ knock them out of [h...
Roman architecture was responsible for developing many different building styles and techniques and the creation of various new ones. Ancient Rome expanded quickly from a small town (founded in 753bc) situated on the Tiber River, to an empire with one fifth of the world’s population under its control. This displayed the strength that they possessed, and the control of many different cultures led to the acquisition of a range of typologies. The result of the architectural influence of other nations (mainly the Greeks and the Etruscans) led to many great masterpieces of art and building design. The Romans took many pre-existing ideals and developed them into new technologies and ways of living; architecture is just one of these developments. These newly developed technologies, such as concrete, enabled new building approaches and methods. The arch, the dome, vaults and columns, which shall be explored in further detail, were also heavily exploited in order to reach their full potential in construction. This greatly enhanced the way construction techniques were utilised and the abilities of the architects of the time. I will argue that Roman architecture brought about a new way of designing and constructing buildings which the civilisations before had not established to its full potential. Through my conclusion, one should see that Rome used and improved many pre-existing technologies which allowed many newfound techniques. This enabled them to construct buildings such as the Colosseum, with increased complexity and size.
... we could still imagine the fame and the glory of the gladiators who fought here and sacrificed themselves for the Roman citizens. Regardless the bloodshed and the brutality of the Gladiatorial fights, the Colosseum’s appearance undeniably inspired many other great architectures in the world and served the Roman citizens with laughter and entertainment.
The official name of Mexico is The United Mexican States (Hamilton 39 ). The country is located in North America, and bordered by the United States to the North, Belize and Guatemala to its South. The country is 761,601 square miles, making it the fifth largest country in America (Stein 16). Mexico’s main language is Spanish. An the country carries an estimated population of 116,220,947(Stein 84). Making the nation of people full of diverse culture.
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.