Kansas City Zephyrs Baseball Club Case

Why? Owners suggest that the total future value of these payments should be expensed when the players are removed from the roster. Players suggest that the payments should be expensed as they are made. However per the rules of conservatism, the combined non-roster salaries should be expensed in 1984 and the salaries to be paid out in ‘85 and ‘86 should be listed as a liabilities on the Balance Sheet.

Thus we can see why public money is eagerly donated. The full costs of a stadium and the damage it does to communities are often years in the future, long after the politician is known for being the hero that save our local team and has moved on to bigger and better things, now with the campaign funding of the very teams that they built homes for and the fans who continue to pay. Team owners can choose new cities but cities can’t choose new teams thanks to the leagues government-sanctioned monopolies over franchise placement, mayors for example, feel they must offer owners anything they want. “Politicians continue

''And this idea of players making large amounts of money also says something uncomfortable about our society, where a ballplayer can make so much more than, say, a teacher. But it's not the fault of the players. The money is obviously there. It seems like the owners have a death wish about the

The National College Athletic Association, better known as the NCAA has been involved in constant turmoil for quite some time now. In the college sports world, there are two variant sides by which neither can come to a final decision. Those side are for and against paying college athletes for participation. While some agree that “coaches are paid too much for players to be struggling to buy food” (Connolly), some actually seem to disagree. Agree or disagree, the athletes deserve a resolution because the longer the issue, the longer the struggle. The two side fail to realize that their arguments and discord does

The collective bargaining agreement between the National Hockey League and the player’s association stipulates that arbitration must be used initially in order to resolve disputes relating to salary, grievances, and system. A case that did a good job of demonstrating the authority of the collective bargaining agreement’s stipulation of an arbitration clause was McCourt v. California Sports, Incorporated. In this case plaintiff signed a National Hockey League Standard Players Contract to play professional hockey with defendant team. After defendant picked up a free agent from another team, the other team proposed that plaintiff's contract be assigned to it as compensation. An arbitrator agreed and plaintiff's contract was assigned. Plaintiff filed suit alleging that the reserve system and the assignment of his contract as compensation for the free agent violated § 1 of the Sherman Act, 15 U.S.C.S. § 1 (1976). The district court entered a preliminary injunction restraining defendants, hockey league, team, and players' association, from enforcing the arbitration award and from penalizing plaintiff for refusing to

The Major League Baseball Association (MLBA) decided to issue a luxury tax in February of 1997. Paul D. Staudohar a sports analysis provides further insight about the luxury tax "in a sports sense it 's a surcharge put on the aggregate payroll of a team to the extent to which it exceeds a predetermined guideline level set by the league." The apparent purpose of this "tax" is to prevent teams in major markets with high incomes from signing almost all of the more talented players and hence destroying the

Yankee Stadium was said to have profited hundreds of thousands of dollars a year just by renting out the stadium to the Negro Leagues. Shadow-Ball further illustrates the substantial differences in funding between the MLB, and the Negro Leagues. Because they Negro Leagues didn't have the money to buy supplies such as baseballs in some instances, they created Shadow-Ball. In this process, the "players would actually practice hitting the ball and catching a ball that wasn't actually there. In fact, they would go full practices without even having a ball, which further enhanced their discipline and focus." (Conrads, pg. 6) but in some instances, when they couldn't play in Major League ballparks, they were simply left to play on the dilapidated fields various areas - wherever they could find a field. Other than this, the players in the Negro Leagues did not make as much money as their counterparts who played in the MLB. For example, in Jackie Robinson's case, he "signed his contract with the Dodgers…for the Major League minimum salary: $5,000…for the year." (Rampersad, pg. 167) Furthermore, in general, "Negro leaguers made about a quarter of what their counterparts in the major leagues were making," but they kept their spirits alive, obliterated the negative energy, and kept playing the sport they loved…baseball. (Conrads, pg. 2)

The fans that come to watch the athletes and who pay nearly $20 to get in the ballpark are padding the pockets of these owners. Statistics taken from online site http://cnnfn.cnn.com/2001 /03/30/news/baseball/ show that baseball ticket prices have gone up from $16.67 to $18.99 in just one year. A quote from the same online site http://cnnfn.cnn.com/2001/03/30/news /baseball/ wrote by Chris Isidore says, "Baseball fans going through the turnstiles on opening day across the nation Monday will be paying about 13 percent more than they did last year, according to a survey of prices…The increase makes baseball the sport with the fastest growing prices." Baseball in the United States is no longer America's Pastime. Baseball has changed to a high priced business, where average players make millions and above average players make tens of millions. To make the situation even worse, the dumbfounded owners and greedy sports agents who contaminate the game and the talented young athletes playing in it, control this business.

To aid Cowboys owner and general manager Jerry Jones, whom is stated in Forbes Magazine as being “worth 3.1 billion dollars himself,” (Page 1), in paying the construction costs of the new stadium, Arlington voters approved the increase of the city's sales tax by 0.5 percent, the hotel occupancy tax by 2 percent, and car rental tax by 5 percent. The City of Arlington provided over $325 million (including interest) in bonds as funding, and Jones covered any cost overruns. Also, the NFL provided the Cowboys with an additional $150 million loan, following its policy for facilitating financing for the construction of new stadiums,” (Page 1).

I agree with your position in this argument. In my post, I talked about the economic cost of running the stadium during its season but I didn't consider how much of a burden the football stadium would be during the offseason. Also, I thought it was interesting how you took into consideration the handicap liability in San Diego-I hadn't considered that. However, in regards to the football stadium, what do you think about the construction of a stadium in LA/OC area that was paid for entirely by a private business or group of investors? If a substantial amount of people in the area wanted to invest in a local football team and pitched in their fair share, would that be a reasonable option? That way, the taxpayer's money would continue to better

The differences between the owners, players, exist because they are both calculate the in various ways at a time under the rules by GAAP. The owner’s financials are also accounted because it is a corporation as well. Depreciation, amortization of players might be an issue if the players are in the non-roster list or call off injury. However, whatever ever happens, has to be followed the GAAP rules.

Southwestern University: F The recent success of Southwestern University’s football program is causing SWU’s president, Joel Wisner, more problems than he faced during the team’s losing era in the early 1990s. For one thing, increasing game-day attendance is squeezing the town of Stephenville, Texas and the campus. Complaints are arising over parking, seating, concession prices, and even a shortage of programs at some games. Dr. Wisner, once again, turns to his stadium manager, Hank Maddux. This time, he needs a guaranteed revenue stream to help fuel the stadium expansion. One source of income could easily be the high-profit game programs. Selling for $6 each, programs are a tricky business. Under substantial pressure from

Due to the high costs the goal of breaking even is a large task. At current product prices a profit of $53,676 can be expected. This is total by 21,582 who will at least attend one game. Next we can assume that amongst that population of 21582 54% would be interested in going to one game, 28% interested in at least 5, 13% would be interested in half season and 5% in full. Of the 54% who will attend one game 80% would pay $10.

In the United States, new sports stadiums are commonly seen as a vital part of the redevelopment of a city having a great economic growth with the production of jobs and a positive income builder. After this, the owners of the pro sports teams with millions and millions of dollars of subsidies for the construction of new stadiums and arenas and expect these facilities to generate economic benefits exceeding these subsidies by large margins. However, a growing body of fact indicates that professional sports facilities, and the franchises they are home to, may not be engines of economic benefit anywhere claims Sachse, “. In reality, sports franchises typically account for a very small proportion of the total economic output of the cities in which they reside.” Some economical studies on the amount of income and employment in US cities find no evidence of positive economic benefits associated with past sports facility construction and some studies find that professional sports facilities and teams have a net negative economic impact on income and employment. It just shows that these results suggest that at best, professional sports teams and facilities provide non-pecuniary benefits like civic pride, and a greater sense of community, along with consumption benefits to those attending games and following the local team in the media; at worst, residents

The 10 year contract which Tom Hicks and his team proposed for Alex Rodriguez was one of the biggest ever in the history of Baseball. It was a major Investment decision for the group. The Group had taken over the Dallas Stars few years earlier and spent on buying quality players. This worked wonders for the team and Dallas Stars went on to lead the group. Tom Hicks had a policy of spending 50-55% of team revenue on team payrolls. If that is maintained he always gains an operating profit of 10-15%.