Most sports operate under some form of what is known as a salary cap, which sets a limit on the total amount of money that a team can spend on all of its combined player’s salaries. Essentially, it is not so much a cap on salary as much as it is a cap on payroll. Payroll is the total amount of money spent on salary (Keri). Of the four major sports league in America, three of them use a salary cap: the NFL, NBA, and NHL. The MLB currently employs a luxury tax system which taxes any team who spends over a set amount. However most teams never even come close to paying this tax, and since its inception in 2003 the New York Yankees have accounted for 92% of such tax payments (Brown). Lacking a true salary cap, baseball will cease to be America’s favorite pastime.
Competitive imbalance leads to an imbalance in interest. Since 1995, 22 of the 30 teams in the MLB have reached the postseason five times or less. Eight of these 22 teams either reached the playoffs once or...
... middle of paper ...
...all’s Economics as Spring Training Approaches." SDNN.com. 11 Feb. 2010. Web. 15 Oct. 2010.
Hoynes, Paul. "Hafner Will Sign Four-year, $57 Million Extension with Indians on Thursday." Cleveland.com. 11 July 2007. Web. 15 Oct. 2010.
Keri, Jonah. "Does Baseball Need a Salary Cap?" Baseball Between the Numbers: Why Everything You Know About the Game Is Wrong. Basic, 2007. Print.
Lewis, Michael M. Moneyball: The Art of Winning an Unfair Game. Norton, 2004. Print.
Miles, Bruce. "On Soriano: Who's Carrying Whom Now?" Blogs.dailyherald.com. Daily Herald, 13 Oct. 2010. Web. 15 Oct. 2010.
"Salaries Databases." Usatoday.com. 2007. Web. 15 Oct. 2010.
Sheehan, Joe. "Don't Blame the Pirates, Blame MLB's Revenue-sharing System." Sportsillustrated.cnn.com. CNN, 25 Aug. 2010. Web. 15 Oct. 2010.
"Sports Industry Overview." Plunkettresearch.com. 2010. Web. 15 Oct. 2010.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Money and fair play are two words that do not normally go together when it comes to how it is received. Scamming is always present, in many different forms and carried out in many different ways. One of these ways is called "insider trading". This method of cheating the system is commonly found in the world of stocks, which is a huge factor in the economy. Using information one acquires from their status in society, in benefit towards themselves, without the outside world knowing is considered not only illegal but unethical by many.... [tags: Stock market, Stock exchange, Stock]
1106 words (3.2 pages)
- Ann Richards said it best, “Now we Democrats believe that America is still the country of fair play, that we can come out of a small town or a poor neighborhood and have the same chance as anyone else, and it doesn 't matter whether we are black or Hispanic, or disabled or women” (Richards). Hispanics are held back from pursuing a college education due to their cultural norms, being thought of as unable to succeed academically, and a stereotypical reputation as laborers. There is a need for Hispanic professionals in all fields; Hispanic professors, doctors, lawyers, and scientists are essential to society.... [tags: University, College, Higher education, Education]
1161 words (3.3 pages)
- In modern professional sports, athletes are paid a wage that is determined by their potential economic impact on a team. For instance, a team will sign a player to a $10 million contract only if they believe that the player will have an economic impact of at least $10 million (Landsburg). Most professional sports leagues employ a system of free agency in which players are essentially auctioned off to the highest bidder. Usually, the team that is willing to pay the highest salary will be the team that acquires the player.... [tags: Sports ]
2029 words (5.8 pages)
- Fair Play in the NBA: A Modest Proposal As surprising as it may be to those who are not themselves fans of the National Basketball Association, Anglo-Americans are vastly outnumbered by other ethnicities. In fact, African-Americans hold a majority of positions, command higher average salaries, and receive more attention for their accomplishments in the media. Although there are a number of Anglo-Americans employed by the NBA, few ever manage to obtain equality in the field. For example, the position of team owner, frequently held by Anglo-Americans, carries with it a much lower salary and far less prestige than would be expected.... [tags: essays research papers]
1007 words (2.9 pages)
- Justification of Financial Fair Play(FFP). Should UEFA follow the example of NHL establishing an analog of ‘Salary Cap” for European football clubs. The UEFA (Union des Associations Européennes de Football) and above all the UEFA president Michel Platini are very concerned about recent develop- ments in European club football. Many clubs have reported repeated and worsening deficits which have led to record-high debt levels during the last years. In addition, private investors and other equity partici- pants have increasingly extended their influence into professional football clubs.... [tags: Salaries, Players, Insolvency]
2985 words (8.5 pages)
- Lucy is a girl who doesn’t always play fair. She may show you your dreams or maybe your fears. She can show you love and happiness. She has just enough power to take it all away. She took me for a ride and showed me things I had yet to see before. She was a contortionist. Not of the body but of the mind. She made me feel like I was fighting a losing battle in which she was the enemy and yet the only person holding me back was myself. When Lucy gets in your head there is no way to get her out so you might as well get comfy and enjoy the trip.... [tags: Mind, Perception, Psychology]
803 words (2.3 pages)
The American Reputation for Fair Play, by Victor Rauly Haya de la Torre and the Federal Bureau of Narcotics
- Response Paper Reaction to “The American Reputation for Fair play:” Victor Raul Haya de la Torre and the Federal Bureau of Narcotics Victor de la Haya was once a celebrated Peruvian politician. He is remembered primarily as an advocate for democracy and workers' rights in Peru. Haya was often viewed as a great political reformer, who tried very hard to change the way the country was governed. In 1923, Haya is most known for establishing the APRA (Alianza Popular Revolucionaria Americana). His political career is filled with many bad periods where the Peruvian government and their neighboring allies turned against him.... [tags: Article Analysis, Response]
886 words (2.5 pages)
Elucidation Regarding the Stages Set by 'Fair is foul, and foul is fair' (I: i, 10), in William Shakespeare's The Tragedy of Macbeth
- Shakespeare utilizes many paradoxes in The Tragedy of Macbeth to provide entertainment for the audience. The people during the Renaissance loved paradoxes because of their unique structure. In the exposition, the paradoxes the witches present, “Fair is foul, and foul is fair” (I: i, 10), sets the stages of the tragedy because it holds various significant meaning. Literally, the quotation transcends to good is bad, and bad is good; however, it actually implies that one cannot assume anything. The paradox displays the style and diction that Shakespeare continues to utilize throughout the tragedy.... [tags: Shakespeare play analysis]
1063 words (3 pages)
- Comparing Pygmalion and My Fair Lady Through the years, countless film directors have adapted and recreated various novels and plays to make them ideal for the big-screen. In many cases, directors strive to keep their screenplay adaptations true to the original literature; however, viewers often find contrasts in certain areas of the film. George Bernard Shaw, author of the play Pygmalion, who had passed away prior to the production of My Fair Lady in 1964, therefore, he could not assist in the transition from play to musical.... [tags: My Fair Lady Pygmalion Compare Contrast Essays]
1023 words (2.9 pages)
- The 1893 World’s Fair A World’s Fair is an “[I]nternational exposition that features exhibits dealing with commerce, industry, and science.” (World Book Encyclopedia 412) Entertainment is also present along with cultural activities. In 1893, the World’s Columbian Exposition in Chicago, although inaugurated a year late, commemorated the discovery of America. I feel that the Exposition displayed some of the more beautiful architecture of its time; its immense buildings and sculptures drew heavily from Greek and other classical styles, and it could possible be because of the sweeping popularity in Beaux Arts architecture.... [tags: Arts World's Fair Essays]
1402 words (4 pages)