Baseballs Revenue Gap

Download or read book Baseball's Revenue Gap written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Business Rights, and Competition and published by . This book was released on 2001 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Money Pitch written by Roger Abrams and published by Temple University Press. This book was released on 2000-05-05 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professional baseball players have always been well paid. In 1869, Harry Wright paid his Cincinnati Red Stockings about seven times what an average working-man earned. Today, on average, players earn more than fifty times the average worker's salary. In fact, on December 12, 1998, pitcher Kevin Brown agreed to a seven-year, $105,000,000 contract with the Los Angeles Dodgers, the first nine-figure contract in baseball history. Brown will be earning over $400,000 per game; more than 17,000 fans have to show up at Dodger Stadium every night just to pay his salary. Why are baseball players paid so much money? In this insightful book, legal scholar and salary arbitrator Roger Abrams tells the story of how a few thousand very talented young men obtain their extraordinary riches. Juggling personal experience and business economics, game theory and baseball history, he explains how agents negotiate compensation, how salary arbitration works, and how the free agency "auction" operates. In addition, he looks at the context in which these systems operate: the players' collective bargaining agreement, the distribution of quality players among the clubs, even the costs of other forms of entertainment with which baseball competes. Throughout, Dean Abrams illustrates his explanations with stories and quotations -- even an occasional statistic, though following the dictum of star pitcher, club owner, and sporting goods tycoon Albert Spalding, he has kept the book as free of these as possible. He explains supply and demand by the cost of a bar of soap for Christy Mathewson's shower. He illustrates salary negotiation with an imaginary case based on Roy Hobbs, star of The National. He leads the reader through the breath-taking successes of agent Scott Boras to explain the intricacies of free agent negotiating. Although studies have shown that increases in admissions prices precede rather than follow the rise in player salaries, fans are understandably bemused by skyrocketing salaries. Dean Abrams does not shy away from the question of whether it is "fair" for an athlete to earn more than $10,000,000 a year. He looks at issues of player (and team) loyalty and player attitudes, both today and historically, and at what increased salaries have meant for the national pastime, financially and in the eyes of its fans. The Money Pitch concludes that "the money pitch is a story of good fortune, good timing, and great leadership, all resulting from playing a child's game -- a story that is uniquely American."

Download or read book The Application of Federal Antitrust Laws to Major League Baseball written by United States. Congress. Senate. Committee on the Judiciary and published by . This book was released on 2002 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Stealing Lives written by Arturo J. Marcano Guevara and published by Indiana University Press. This book was released on 2002-12-09 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: While some Latin American superstars have overcome discrimination to strike gold in baseball's big leagues, thousands more Latin American players never make it to "The Show." Stealing Lives focuses on the plight of one Venezuelan teenager and documents abuses that take place against Latin children and young men as baseball becomes a global business. The authors reveal that in their efforts to secure cheap labor, Major League teams often violate the basic human rights of children. As a young boy growing up in Venezuela, Alexis Quiroz dreamed of playing in the Major Leagues. Alexis's dreams were like those of thousands of other boys in the Dominican Republic and Venezuela, and Major League teams encouraged such dreams by recruiting Latin children as young as 10 and 11 years old. Determined to become a big league player, Alexis finished high school early and dedicated himself to landing a contract with a Major League team. Alexis signed with the Chicago Cubs in 1995 at age 17 and then began a harrowing ordeal of exploitation, mistreatment, and disrespect at the hands of the Chicago Cubs, including playing for the Cubs' Dominican Summer League team in appalling living conditions. Alexis's baseball career came to an abrupt end by an injury for which the Cubs provided no adequate medical treatment. The story continues, however, with Alexis's pursuit of justice in the United States to ensure that other Venezuelan and Dominican boys do not encounter similar experiences. What happened to Alexis is not an isolated case-Major League teams routinely deny Latin children and young men the basic protections that their U.S. counterparts take for granted. This exploitation violates international legal standards on labor standards and the human rights of children. Stealing Lives concludes by analyzing various reforms to redress the inequities big league baseball creates in its globalization.

Download or read book Free Agency and Competitive Balance in Baseball written by Ronald W. Cox and published by McFarland. This book was released on 2005-11-29 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: As early as the 1880s, baseball owners and sportswriters were decrying the greediness of players as the leading threat to the national pastime. Nearly a century later in 1976, the Player's Association was able to finally tear down baseball's permanent reserve clause--the contract language that essentially bound a player to a single team until he was released or traded--and owners and sportswriters again insisted that the competitive balance of the game was threatened by player greed. The rhetoric from the baseball establishment did not match the on-field reality. From 1981 to 1993, the first significant era of free agency in the sport's history, all 12 of the National League's teams finished first at least once, as did 11 American League teams. From 1994 through 2001, however, there was a pronounced separation in strength between the haves and have-nots, as the local revenue streams of major markets such as New York and Boston overwhelmed the capabilities of small market franchises in such cities as Tampa, Montreal, and Milwaukee. This work examines how the sport has prospered and suffered during the free agency era, based in large part on how the game's various revenue streams are allocated. It further examines the revenue sharing plan in baseball's current collective bargaining agreement, identifying flaws that may well undermine its long-term effectiveness. It also explores how the baseball expertise of some organizations has allowed them to flourish despite the lack of revenue.

Download or read book The Oxford Handbook of Sports Economics Volume 1 written by Leo H. Kahane and published by Oxford University Press. This book was released on 2012-05-31 with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shmanske and Kahane have organized over 50 essays from prominent Sports Economists into two volumes around two related themes. This second volume explains how sports helps economics via quality data used to test a variety of economic theories.

Download or read book The Oxford Handbook of Sports Economics: Volume 1: The Economics of Sports written by Leo H. Kahane and published by Oxford University Press. This book was released on 2012-03-16 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stephen Shmanske and Leo Kahane have brought together nearly all of the important authors in the quickly growing field of Sports Economics to contribute chapters to this two-volume set. The result is truly informative in its content and path breaking in its importance to the field. Anyone contemplating research in the field of sports economics will find the works in these volumes to provide both ample background in subject after subject and numerous suggestions for future avenues of research. The editors have recognized two ways that economics and sports interact. First, economic analysis has helped everyone understand many of the peculiar institutions in sports. And second, quality data about individual productivity, salaries, career histories, teamwork, and managerial behavior has helped economists study topics as varied as the economics of discrimination, salary dispersion, and antitrust policy. These two themes of economics helping sports and sports helping economics provide the organizational structure to the two-volume set. The reader will find that sports economists employ or comment on practically every field in economics. Labor Economics comes into play in the areas of salary formation, salary dispersion, and discrimination. Baseballs history and the NCAA are studied with Industrial Organization and Antitrust. Public Finance and Contingent Value Modeling come into play in the study of stadium finance and franchise location. The Efficient Market Hypothesis is examined with data from gambling markets. Macroeconomic effects are studied with data from mega events like the Super Bowl, The World Cup, and the Olympics. The limits of Econometrics are pushed and illustrated with superb data in many of the papers herein. Topics in Applied microeconomics like demand estimation and price discrimination are also covered in several of the included papers. Game Theory, measurement of production functions, and measurement of managerial efficiency all come into play. Talented authors in each of these fields have made contributions to these volumes. The volumes are also rich from the point of view of the sports fan. Every major team sport is covered, and many interesting comparisons can be made especially between the North American League organization and the European-style promotion and relegation leagues. Golf, NASCAR, College athletics, Womens sports, the Olympics, and even bowling are represented in these pages. There is literally something for everyone.