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7 Cards in this Set
- Front
- Back
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In what ways do team owners have monopolies?
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-They have complete control of media rights
-They can prevent the formation of new teams or what the requirements are for new team to enter |
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Name some sources of incomes for team owners
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-Sale of media rights-PPV, special channel
-Ticket sales -Personal salary (can write off as a business expense) -The value of their team avg NBA team=$361 million |
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What are some arguments for using public taxes to build stadiums?
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-It creates jobs
-Brings money into the community -Recognition for the city -City can ID with a team -The stadium is not used solely for the team |
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What are some arguments against using public taxes to build stadiums?
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-More jobs could be created elsewhere
-More beneficial uses for the tax $ -No positive impact on cities economy -Ticket prices are often too expensive for tax payers, whose money was used to build the stadium, to buy |
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What are some misleading aspects about the salaries of a professional athlete?
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-Most pro athletes make limited income
-The mean (avg) is very misleading because the higher end really skews it up NBA avg=$5.5 mil -The median is more accurate NBA avg=$2.33 mil -Income of the top earners is going up because the... -Legal rights have improved 1976 FA rights -As owners revenues have gone up so have athletes -Many individual athletes do not make enough money to cover expenses -There is an increasing disparity between the top money earners and the bottom end of the spectrum |
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Should D1 athletes get paid debate?
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YES!
-Profitable for everyone that is not the athlete -Collegiate athletes don't have time to work -Many of the athletes are of a low socioeconomic background -Athletes should get stipend for basic expenses NO! -All their benefits paid for -College is not necessary for athletes to go pro -Athletes can ask for pell grants -Do you have to pay every player? -Colleges don't generate $ Things that didn't come up -Under the table payments -Athletes are exploited -Title IX has to be equitable |
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Stanley-"Professional Sports Franchises"
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-Refers to sports teams as monopolies/cartels because they keep the number of teams at a minimum=a problem
-Franchise owners receive tax exemptions and have arenas at low costs -Have the right to claim the athletes as a depreciating asset w/age (sorta slavery-esque) athletes can't do it -professional sports have been oversold by professional sports boosters as a catalyst for economic development. -GB packers is the only pro sports team owned by the people -NFL owners have outlawed this rule for the future |
