Cost Of Professional Sports Essay

The rise in popularity of professional sports over the last century has brought financial gain and stability to many facets of the economy. Whether it is a new franchise, stadium, or the signing of a big-name player, these activities bring attention to a region or group and influence often comes as a result of that attention. Money brought into an area from ticket revenue, hotel bookings, merchandise sales, and other businesses are impacted financially when a stadium is built. The economic influence a stadium brings to a local economy is a positive one. Many factors come into play when anticipating the construction of a new stadium.

     Possibly those who are most effected by the sport’s industry’s willingness to abandon a community are the dedicated fans. When Al Davis moved the Oakland Raiders to Los Angeles, he pulled away from some of sport’s most loyal fans and also hurt his football team. The NFL’s Colts and Cardinals have also had failures on the field since their moves. These three teams are proof that all the greed that was put into the moving of their franchises hasn’t brought them more success or in some cases less success.

The chants grow louder, "Dayne, Dayne, Dayne", its 4'Th and goal, the Badgers trail Michigan by 5 with six seconds left. The winner takes home the title as the 1999 National champions. The ball is snapped, Bollinger drops back, fakes the pass, and pitches it to Dayne. He dodges a tackle, bounces off 2 blue jerseys, and stumbles in the end-zone for the game winning TD. Dayne's hard work and perseverance "paid off" and led Wisconsin to a victory.

My grandpa told me about how when he went to college at Ohio State. It was much cheaper and easier to pay off than nowadays now a days. He even said that food and drinks are getting more expensive and how it is hard for him to pay for them. This gets me thinking about how tough it would be for college students to get everyday necessities. Considering how they do not have much experience with jobs so they can’t get a high paying job to provide for themselves.

Every child, at some point in their life, dream about becoming a rock star, a doctor or an astronaut. The career that stands out the most in young boys and girls dreams, is becoming a professional athlete; Why is that? One reason could be the ever increasing media coverage on each individual sport. Certain channels are devoted just for that particular sport, keeping viewers updated and thirsting to get out and play just like professionals on television. Another reason could be, how easy it is to get out in the backyard as a kid to shoot the basketball, throw a football, or hit a baseball because it is a lot harder to perform heart surgery or fly to the moon when you're only a child. With that being said, it is so easy to look up to a

Over the last several years, college athletics have gained monumental popularity in the United States. With the rise in popularity, the National Collegiate Athletic Association (NCAA) and its colleges have also seen a rise in revenue. Some college athletic programs have revenue in the millions. Yet with this large sum of money, no college athletes are legally compensated for their work. According to NCAA rules, “You are not eligible for participation in a sport if you have ever: Taken pay, or the promise of pay, for competing in that sport” (NCAA Regulations 1).

With how many sporting events that there are in this country, it is common to see fans that love multiple games. Professional sports are typically favored by most followers, but there is a clear deficiency that hurts the leagues. Professional sports are exhilarating if one is a fan of a playoff team or especially a team that wins championships on a regular basis. While this is great for traditional powerhouses and teams with endless amounts of money, the majority of teams in these leagues serve as punching bags for years or even multiple decades. There is a fine line between these teams and other organizations that struggle just to make financial ends meet. Teams in financial

A huge debate has been on the rise lately relating to why division one athletes should get paid on top of obtaining a scholarship. The proposal states that athletes should be eligible to receive money based on a percentage of profit their school makes. Although some say division one athletes already have all of their needs taken care of, helping athletes with extra expenses in college is essential. Because full ride scholarships take care of most costs for athletes, many argue they already have school paid for, and extra money isn’t necessary. On the other hand, athletes spend so much time and effort in their specific sport they don’t have time to earn extra money, which

Sports teams, or professional athletic organization, are extremely important institutions within a city or region. They can help connect people with places, and through this loyalty, a sense of civic pride can be seen. Furthermore, the multi-billion dollar industry sports produces effects that can impact individuals and communities. In recent years dozens of new sports stadiums have been built throughout the country, with major funding coming from public subsidies. The aim of this paper is to analyze the positive and negative impacts that come with these subsidies.

Paying college athletes can have a lot of positive effects, it can teach these young athletes how to handle money, it gives them some form of income especially if some of the athletes do not have job, during the football/ basketball season etc. And they can kind of see what it will be like in the pros as far as being paid to play, I’m not saying pay them like the pros like $5,000 a game but I’m saying like pay them $100 a game, just something, and a lot of people will say isn’t a scholarship enough, well sometimes it’s not. Most athletic scholarships only cover a portion of the cost and you are supposed to cover the rest on your own. And if you don’t have a job during the season or your barley are able to work, it can be hard for athletes to make ends meet obviously. Like in the case of this basketball player Shabazz Napier stated, "I don't feel student-athletes should get hundreds of thousands of dollars, but like I said, there are hungry nights that I go to bed and I'm starving,". I mean there are players that are really struggling just to be able to eat, and colleges want these same athletes to be at their very best at all times, but how can they, when they cannot even meet their own nutritional needs.

Most of us have watched a college sporting event at one point or another in our life. Few people actually know and are aware of all the hard work, and dedication college athletes put towards their sport. However, they do not receive a compensation for their hard work. These Athletes are sometimes mistreated physically and mentally, yet the debate over whether or not to pay college athletes is a big debate.

The value of entertainment in our society is arguable. We as a society constantly search for new ways to entertain ourselves; professional sports are a major contribution to our source of entertainment. If those who support athletes and their sports have no problem paying to see them,

The city of Springfield, Massachusetts were blessed with the basing of a baseball minor league franchise in their city. But the class A team is faced with great revenue generation challenges that will make or mar the organization. The new team might likely take advantage of the fact that closest sports franchised teams are all located 90 miles away from Springfield. This might create a ticket and concession boom for the team and other benefits like employment and taxes for the city. The city has a considerable moderate family income and a recent growth index in the healthcare, financial, and other small and medium enterprise sectors is an advantage

Economic theory introduces us to four different types of markets: perfect competition, monopolistic competition, oligopoly, and monopoly. Professional sports teams operate in an environment that is different than the typical business structure. The goal of this paper is to look at this industry, in particular the NFL, in an economics context and gain an understanding of the market structure of this unique industry. To do this I will discuss a brief history of the National Football League in the U.S. and how this organization is structured. I will also discuss typical market structures and type of

Even though team owners sometimes acknowledge that the subsidies they receive are related to the scarcity of franchises, owners ' demands for public assistance is more often pressured by financial issues that have changed the financial side of professional sports. For example, player salaries have increased rapidly as a result of athletes earning the right to sell their services to the highest bidders (free agency). Normally, these high bids come from teams in the largest markets (New York, Los Angeles, Chicago, etc.). Since the leagues protect the power of teams in these markets are able to refuse the creation of new franchises or the movement of existing teams into their market areas, the owners of these coveted franchises amass large revenue bases and can thus afford the best players. To offset the advantages of large market teams, owners in smaller regions seek public subsidies that will permit them to earn revenues similar to those of the teams in the biggest markets. (Pitts, Statlor 2007)