Rights Fees in Sport Essay

While growing up in the state of Texas I was introduced to National Football League (NFL) at a very young age. Not only was I obsessed with great players like Emmitt Smith and Michael Irving, I had a more finical appreciation for the lucrativeness associated with the NFL. My young adulthood as well as my teenage years was spent playing and learning football with the aspirations of hopefully making it to the NFL. Unfortunately, my playing days ended with tryouts at Texas Tech University, but my love for the game has remained stagnant over the years even till this day. The NFL today is Americas most watched sports league and has taken the crown as the most lucrative and unique economic force in sports. Forbes offered approximations stating that on average, the NFL generates more than $6-9 billion a year in revenues alone. A third of the individual franchises in the league were appraised at over more than $1 billion while the other franchises average nine figures or higher. The NFL as an organization generates its revenues through a multitude of ways ranging from huge television contracts, in-stadium ticket sales, advertising ads paid for by sponsors and merchandise. Their business model unlike most other leagues, is centered on a hard salary cap on player contracts which provides cost certainty with its sponsors. In this paper, I will examine the economic and historical narrative associated with the growth of the NFL’s

Every child at some point in their lives dream about becoming a rock star, doctor or an astronaut, but the career that stands out the most is becoming a professional athlete. Why? One reason could be the ever increasing media coverage on each individual sport with certain channels devoted for just that particular sport, keeping viewers updated and thirsting to get out and play. Another could be the ease of getting out in the backyard as a kid to shoot the basketball, throw a football, or hit a baseball because it is harder to perform heart surgery or fly to the moon when you're only a child. With that being said; it is easy to look up to a professional athlete and put your heart and soul into them wearing

In the article titled, Why College Athletes Should Be Paid , Tyson Hartnett discusses how the NCAA signed a 14 year deal with CBS for 10.8 billion dollars. As a result, the NCAA has

They merely raise the ticket prices a few dollars and make twice the amount of the athletes.

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

There have been ongoing arguments over the past decade of whether or not college athletes should be paid to play. Many argue that they do not have time to get real jobs because the requirements for the sport that they participate in are far too demanding. Others cite that these athletes are provided full scholarships to attend the schools at which they are playing the sport. However regardless of the argument, I still feel that college athletes should NOT be paid to play.

The more a sport becomes commercialized, the higher the cost of participating for the athlete. One example would be that there are entry fees established to help raise monies that will be awarded to the winner and the sponsoring company.

Collective bargaining and unions have had a considerable effect on fans through professional sports. Because of these contract negotiations, athletes in recent years have benefited from an increasing share of ticket and television profits. Collective bargaining has resulted in strikes and lockouts and has disrupted several seasons through cancellation of games or even ending a season. The televising of sporting events has become the largest source of revenue

Athletes and the sports industry have turned into a multi-billion dollar business annually. Stacked on top of that is that leagues and educational institutions receive multi-million dollar media contracts each year. This is so that broadcasters such as NBC, FOX, and TNT have the rights to broadcast that team or leagues games. The surge of money in the sports industry has led to an influx of agents into the world of agent athletes.

The revenue that athletes bring in for both their universities and the broadcasters is a huge sum of money. I think college athletes should be able to see some of that money that everyone else seems to be making off of them. US News writes, “The NCAA basketball tournaments, or "March Madness," have become a huge business. As Forbes ' Chris Smith wrote, CBS and Turner Broadcasting make more than $1 billion off the games, "thanks in part to a $700,000 ad rate for a 30-second spot during the Final Four." Athletic conferences receive millions of dollars in payouts from the NCAA when their teams advance deep

Though this is great for the U.S., the issue for the NFL is globalizing the sport. The main situation for the NFL when it comes to globalizing the sport, is that sport has become too Americanized in the U.S. that many other people and countries are not interested in playing the sport, so growing the market to be greater than just the U.S. is one of the main problems that NFL should work on. When globalizing the sport, the NFL should look to see a change in their competition. As of now the NFL has only the AFL and other small leagues as their competition, but once it has been globalized the competition will grow in many different ways, not only will the NFL be competing for views, but they will also be competing for player’s contracts, fans, locations, and television contracts. Because of this competition is imposes an incredibly risky task due to the fact that NFL has spent decades and billions of dollars to solidify its influences over other entities in the U.S.

Why are tickets to sporting events so expensive? Ticket resale has been a concern to people who determine ticket price as well as the fans. If tickets are too expensive to begin with, then there will be a lot of unsold tickets. If tickets are very cheap, they will be purchased from the primary market quickly, and then sold on the secondary market at an increased price. Owners of sports teams and the league should allow the market to control ticket prices. Ticket prices are based off the demand of the game, team, and league which has resulted in tickets being sold at market value rather than face value. Ticket prices vary across the leagues as well as pricing strategies. Teams should continue to profit-maximize by charging various amounts for tickets in order to charge the closest amount to first-degree price discrimination.

It does not take money to just play sports today; it takes money to even watch sports. Many stadiums and arenas have different divisions within it for people who can afford to pay more for seating. Most professional site rinks today have accommodated to large companies that wish to have season boxes held in private quarters to watch live sporting events. This segregation is continued even in home viewing of sporting events. Cable or satellite programs cost money and are a symbol of status or class.

The rise of ticket prices for sporting events in America has spiraled out of control into a nosedive that may prove to be impossible to recover from. Dedicated fans of most economic status are becoming more inclined to watch sporting events on television than ever before, turning many families into perpetual couch potatoes. This is a direct result of the current greed of professional sports as a whole and continued rising ticket costs. With price increases ruthlessly applied over the years, the impact of increased ticket prices on middle class, and even professional sports “sticking it” to their season ticket holders, the effects have become

The government should not be able to control our right to speech freely. We should be allowed to say what we want to say freely even on the things we don’t like. How all of the people think the government can just take our freedom and then just put our feelings into a movie. We should be able to tell them no if a movie were about to take place that thousands of people would get hurt by.