Sports Accounting Research Paper

The National Collegiate Athletic Association is one of the biggest sports organizations in the United States. One of the most divisive issues relating to the NCAA over the last several years has been the issue of athlete compensation. There are many sports—particularly football and basketball—that bring in incredible amounts of revenue to colleges across the country; therefore, whether or not athletes should be compensated for their role in college sports has become a topic of debate. While scholarship athletes are already compensated by their access to tutors, meals and a free education, the concept of the student-athlete has deteriorated over time and thus athletes should be able to make money by signing autographs or making public appearances while they are in school. In addition, the big four American professional sports do not give amateurs an opportunity to play aside from Major League Baseball, which funnels athletes to college sports and in turn ushers them into a place where they cannot profit from their athletic ability. The issue is clearly a complex and unethical one. It would be difficult for schools to pay athletes fairly as certain sports would appear entitled to more money based on profitability; however, players should undoubtedly be able to benefit from their athletic prowess by selling merchandise and profiting from their stature in general. The NCAA’s stance hindering players’ ability to sell autographs and other memorabilia is just as important to this

Over the past few years, college athletics has grown immensely, gaining an infinite amount of supporters with no signs of slowing down. Today, sports are no longer just sports; they are becoming a business, leaving the athletes with no profit. The National Collegiate Athletic Association is a multi-billion-dollar organization that would not exist without athletes around the country. Each year, just like the popularity, the revenues that each college makes off athletics also increase but the athletes do not receive any of the compensation despite their work and sacrifices. Throughout one year alone, a division one university’s athletic departments can bring in a revenue that ranges anywhere from $70,000,000 to $180,000,000. This revenue consists of multiple aspects; not just ticket sales. College programs also bring in millions from television and

By far the most important part of the sports industry is the duties of a sports agent. The agent is acting primarily for the benefit of another and must never think of themselves in this agreement. These agents

Have you ever fully read a release form, or waiver, or other equally long winded legal document? I’ve made a habit of trying to read each and every document, where I have to “check the box to agree to terms,” or sign to show my understanding, because I like to know exactly what I am agreeing to, as well as what they are expecting me to do with a product or activity. The document that sticks with me most clearly is the sports release form, that every student who participated in P.E., or sports had to complete and turn in. The waiver had the normal legalese, that were made with the intention of protecting the school from undue lawsuits, but the part that sticks with me the most is the descriptions of the possible injuries that might be sustained,

They are paid an adequate amount of money for the job they perform day to day. These individuals are able to get the money they make because America and the rest of the world loves sports. Network ratings, merchandise, and ticket sales are all directly related to the average people who watching and consuming. Over the years, network ratings have skyrocketed so people are able to see athletes perform. Merchandise and ticket sales produce billions of dollars for the sports industry each year based off the athletes’ performances and skill sets. Dr. Chris Mueller, a feature columnist for The Bleacher Report, explains in his article “Two Sides to Every Coin: Are Professional Athletes Overpaid?” explains how the fans are the people responsible for the large numbers that appear on athletes paychecks. Dr. Mueller states “I have gladly shelled out up to $75 for a ticket to a game, and I have bought officially licensed team hoodies and travel mugs for more than I am willing to admit.” Mueller continues by mentioning that “We (the average people) are the ones who are willing to keep giving more of our hard-earned money to attend games in person, buy over-priced beer and food and wear the jerseys of our favorite athletes. If we stopped going to games and buying officially-licensed merchandise, then these numbers would obviously have to go down to balance out the budget” (Mueller). Mueller makes a good case that many of the people that are

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.

We can also take an account that athletes are getting paid a lot of money because the professional sports industry is a huge business with millions of fans going to games each year. As it was said earlier, players get most of their money from endorsements and from the fans buying merchandise and buying tickets to see games. Professional athletes only make about 1% of an organization's total earnings. This means that the income the athletes are getting from organization’s is barely anything.People also argue that playing a sport isn't a real job so they shouldn't get paid.The only problem with that argument is how many people go to games or have something memorable,like a hat,from their favorite team.So, their argument means nothing as they are the ones feeding cash to the players, buy buying tickets, buying food at the games, buying merchandise, etc. The people who complain do not

Title What are some benefits that one likes from playing with a sportss team? One can learn a lot of important pieces of advice for life while being a part of a team. Everyone in some part of their life will participate on a sports team in some fashion. Beneficial factors that one will gain from playing in a sports team setting is the team atmosphere, learning lessons, and accountability.

Marketing plans and strategies are an important part of almost any business today. One of the biggest industries marketing plans have benefited and changed in a number of different ways is the sports industry. The development of the sports marketing industry has led companies to invest millions of dollars to have their product associated with specific teams, players, and sporting events attempting to connect with consumer and create profit for both parties involved. The money involved in sports marketing calls for these sponsorships and endorsement decisions to be made both strategically and confidently. After researching the sports industry from a business perspective the importance of marketing decisions is

Lack of financial knowledge within professional athletes has been ongoing and little to no effort has been put into solving the issue. Those talking about or effected by the problem are involved and are seeking a solution. Athletes make minor mistakes that can cost them all of their money. The research shows that professional athletes need to be aware of the cause of bankruptcy within other athletes, be aware of financial mistakes to avoid, and how to seek out financial aid.

During my junior year at Kent, I met one of the most hardworking people that I would probably ever meet. We met in the fall when we both tried out for JV soccer. Being both inexperienced and totally unfocused, it wasn’t much of a surprise when we both got cut. I know that it’s ironic that I’m calling this girl hardworking and then unfocused, but just hear me out. Getting cut from JV soccer was honestly the best thing that’s ever happened to me because otherwise I probably wouldn’t have become best friends with Nam Pham. We both dropped down to club soccer and even though Nam wasn’t the greatest at soccer, she always tried to make the most of it. Being on the field, she would always run for the ball and try to kick it even though most of the times, her kicks usually came in contact with someone’s shins instead of the ball. But her kicks were fierce and there’s me to vouch for that since one of her aggressive kicks came in contact with my shins.

Accountants might give information to an open accountant, who goes about as an advisor, reviewer and duty administration proficient. Partnerships, charities, associations and governments use administration accountants to record and examine money related data of the organizations in which they are utilized. They for the most part prompt organization officials, lenders, stockholders, administrative offices and expense work force. Accountants might likewise work with government authorities who are looking at and keeping up the money related records of the private business for which an accountant is utilized, regarding tax collection and government

What good is being on a sports team? Being on a sports team allows a student to learn teamwork, develop a sense of leadership, and develop a good work ethic. Being a member of a team is a worthwhile experience for a middle school or high school student. Teamwork is a valuable lesson, whether it is being used on or off the athletic field. Teamwork helps students by helping them to develop interdependence on other people.

Consequently, accountants are quite important to a business society being able to function. Even the smallest of businesses need an accountant. Their careers serve various purposes in a business from recording profits and other numbers to helping construct budget decisions that influence how well the business will run and prosper. Businesses need to price their products and consider using three elements of cost, overhead, and profit margin. An accountant can create

A specialized accountant’s main duty is to “analyze, interpret, summarize, and present complex financial and business related issues in a manner that is both understandable and properly supported.” (Business Courier) They are commonly engaged in public practices, or in insurance companies, banks, police departments and other government agencies.