Ticket Price Decrease In Sports Subsidies

In the article “Concert Tickets Shouldn't Be So Freaking Expensive,” Elissa Sanci discusses her love for concerts and music but she argues that tickets have become too expensive. Sanci goes on to attack the artists themselves claiming that they are being too greedy and they need to cut ticket prices by half, she believes that the fans should be treated better, since we are the ones that support the artists and “not made to slave away working to be able to attend concerts”. In the end of the essay she goes on to say that no matter how expensive the concert tickets are she will continue to pay for them, even if it ends up coming to her having to sell an organ. The author doesn't do a very good job arguing for cheaper price tickets, instead she contradicts herself making the argument seem weak.

Sports teams are switching to a variable-pricing strategy for tickets so that they can get a higher profit on games with record attendance numbers. They feel the need to do so because the marginal costs, such as construction payment and players’ salaries, did not equal to the marginal revenue, since attendance was severely dropping. To pay for the marginal cost, the sports team needed to capitalize on things that they were sure of, like increasing attendances to games between major sporting rivals.

College athletics is a very diverse organization involving a lot of students, mainly as the players, and non-students such as officials, coaches and others. The leading governing body for college athletics is the National Collegiate Athletic Association, NCAA. College sports is itself a big industry involving sponsorships, TV networks, endorsements, retail products and marketing. But in spite of it being a big business, the players are not compensated for the work they deliver. This opens up two opinions: should players be paid, or should they not? Kristi Dosh’s article, “The Problems With Paying College Athletes”, (UNCLEAR)discusses where the coaches’ money come from to pay student athletes. On the other hand, Mark Cassell’s article, “College Athletes Should Be Able To Negotiate Compensation”, debates how athletes should be able to negotiate their compensation. This paper will evaluate the evidence of both Dosh and Cassell in order to determine which argument is more effective.

Then came the concern that the universities built stadiums that were too big. Many feared that there would not be enough people to fill the seats on game day. A majority of the stadiums were built too large for the time period. The teams had to grow their fan basis by winning important games in order to get more people through the gates. Also, many stadiums were built to hold one big game and crowd a year. But, would this one game bring enough money in to pay off the millions of dollars that were spent to build the stadium? The large stadiums eventually paid off when the fan base became larger, but it took years for that to happen. Now, there are so many people that want to come to the games that there is simply not enough room for everyone.

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.

Stadium subsidies are used to fiancé new stadiums. The government provides financial support to franchises that allows them to build their new stadiums. These subsidies are costing tax payers millions and do not seem to be in the best interest of the city the stadium is in. Those in favor of using tax payer dollars to build stadiums argue that the economic impact a professional franchise has on a city is great and a new stadium will help generate revenue. Research has shown this is not the case. Most stadiums cost the city and never produce enough revenue to make up for those costs (Bast, 1990).

Some governments provide subsidies that provide an unfair advantage and prices lower than market conditions which affects the functioning of airline industries directly and Global

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.

To connect to the economic power that generates through the Super Bowl one must understand the historical pattern of revenue, ticket cost, and attendance the game exhibits in the week leading up to the actual showdown. The ticket prices of the Super Bowl are the main catalyst into understanding what every consumer is willing to spend and how much revenue the game brings to that city. In 1967, the first Super Bowl tickets were no higher than 12 dollars and the average price of a home was less than 25,000 dollars (Smith, 2012). In 2016, the average ticket price was 1,325 dollars making a big ascendance from 1967 (Depietro, 2017). Therefore, this also shows how the game has become more popular since it has come into existence and ticket prices

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,

Sporting events is a place for people to go, relax, have fun, and do something they enjoy doing, watching sports. However, the average family finds it difficult to buy tickets to them and still there are 66,960 fans that attend an NFL game. (Wikipedia) The public contributes to the athletes’ salary and then complains about how

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

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

            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

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.