March Madness Case Study

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.

March madness is the appropriate term this month for any gardener in Indiana! My husband always reminds me it usually snows during bracket season. Don’t you just love the Final Four? Our family does the whole bracket thing; it is a long cherished Petty tradition full of healthy competition among neighbors and coworkers. March 14th-April 3rd the NCAA gets into high gear. A Reader’s Digest article noted that, “this year, “American companies would lose $1.9 billion in wages paid to unproductive workers spending company time on betting pool priorities.“

Avid college basketball fans refer to it as NCAA March Madness. Because it is a one-and-done, single elimination format, it’s packed with excitement. Adding to the intrigue are the smaller schools, known as Cinderella’s, who endear themselves to the hearts of college basketball fans. Former Ohio State University coach Harold Olsen initiated the idea back in 1939.

This year’s March Madness was full of surprises. Many big name teams that were expected to make it to the Final Four were knocked out in the first and second rounds. Only one top seed made it to the Final Four. Many of the predictions missed the mark completely, and many brackets were busted early. Here is a list of 10 March Madness predictions that were completely wrong.

When you here the phrase “March Madness” what comes to mind? To millions of fans, March Madness is three weeks of intense basketball, played at a premier level, where anyone can be a fan. March Madness is the NCAA men’s basketball tournament that consists of 68 teams from around the country that are selected to participate in one of the worlds most celebrated sporting events.

Welcome back to the March Madness Mania blog. Once again, this has been a crazy week of college basketball. Top 10 teams have continued to fall and at this point it’s hard to predict who will grab the title this year. In this blog post I will be covering teams with March Madness stock that’s either rising or falling.

With the selections concluded, travel arrangements made and the "play-in" games in the books, the final 64 teams are ready to do battle for the NCAA Basketball Championship title. March Madness has become a rite of spring for basketball fans all over the world. In this year's field, every team has lost at least four games, showing the presence of parity throughout the brackets. As play gets underway on March 17, it will be the teams that will decide whose the best college basketball team in the country.

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

The past 20 years have witnessed a massive transformation of professional sports stadiums in North America and the rest of the world. In the United States and Canada alone, by 2012, 125 of the 140 teams in the five largest professional sports leagues, the National Football League (NFL), Major League Baseball (MLB), National Basketball Association (NBA), Major League Soccer (MLS), and National Hockey League (NHL), will play in stadiums constructed or significantly renovated since 1990. This new construction has come at a significant cost, the majority of which has been covered by taxpayers. Construction costs alone for major league professional sports facilities have totaled in excess of $30 billion over the past two

Proponents of subsidizing sports stadiums is a great decision because the economic impact it will have on the community is great for two main reasons. First, sports stadiums are massive construction projects. In fact, one could compare them to a medieval cathedral in their attempts to dominate a skyline and inspire pride in one’s city And, just like these cathedrals, they are very expensive, and massive building projects that would require many years of hard painstaking labor. For example, the proposed stadium for the Los Angeles Rams in Inglewood, California, was predicted to cost $3 billion and add 22,000 construction jobs to the economy of Los Angeles, California. Although construction jobs do eventually disappear once a stadium is constructed once the games begin, so does the massive consumer spending. For example, more than 3.5 million people saw the St. Louis Cardinals play at Busch Stadium in 2015.

Besides all these, the stadium rents were set to understate the profits of the club and to move some profits to the stadium corporation. The rest of their accounting is very straightforward. Most of

In Richter's “Facing East from Indian Country” he changed the stare of early American past around and services the reader to reflect stories of North America during the period of European foundation rather than of the European establishment of North America. Well familiar to historians and early Americans for his significant study of the Iroquois, Richter has now wrote what might prove to be the final work in the effort to reintegrate Indians into the history of North America. Reviewers can’t visualize any historian or student dismissing the role of Native people in the history of colonial and early America after reading this book and learning about its many lessons. For this reason Facing East will enjoy a long shelf-life as one of the best

The sports with the largest amount of revenue are basketball and football. Athletes that play these sports should be paid more than athletes that play sports that do not earn as much money for the school. Many of the top colleges put a lot of money towards their team sports. For example, TCF Bank Stadium costed $330 million to build. What causes stadiums to be so expensive is the artificial fields, extremely large scoreboards, large seating requirements, and lighting up the field.

            Taxpayers have been forced to pay for these stadiums in various ways.  People who were not part of the majority and voted "no" on new a stadium have to pay the same amount of taxes as the people

As a nonprofit the NCAA is often not compared to large companies even it makes comparable revenue. All television and video game revenue, as well as ticket, jersey, and souvenir sales made from college athletics all go to the NCAA, the conferences, the athletic departments, and the coaches. In fact, one study suggests, “Men’s basketball and football combine for $6 billion alone” (Mondello, Piquero, Piquero, Gertz & Bratton, 2013). None of that revenue goes directly to the student athlete even though the NCAA surely has enough money to do so if it chooses. USA Today writer Bruce Horovitz states in his article, March Madness Evokes Marketer Madness that, “The NCAA men’s basketball tournament generated $1.15 billion in television ads in 2013, well beyond the revenue generated by the NFL and NBA playoffs, according to ESPN” (Horovitz, 2014). Marc Edelman, a professor at City University of New York takes it a bit farther in his article The Case for Paying College Athletes, and claims, “The college sports industry generates $11 billion in annual revenues. Fifty colleges report annual revenues that exceed $50 million. Meanwhile, five colleges report annual revenues that exceed $100 million” (Edelman, 2014). In contrast, during the 2014-2015 season the NBA grossed about $5.18 billion in revenues according to Forbes Magazine, which was a league record high. The NCAA revenue money is also not evenly distributed among the schools, as top tiered athletic programs tend to make more money