Wage Equity: The Evolution Of The Salary Cap In The NBA

Salary caps are a very important tool used in professional sports. All 4 major professional sports leagues in the United States have a salary cap installed into their collective bargaining agreement between the league and its players. Those four major sports are, the NFL, the NBA, the MLB and the NHL. A salary cap is defined as s an agreement or rule that places a limit on the amount of money that a team can spend on players' salaries. It can be as a per-player limit or a total limit for the team's roster. It is basically put in place to help the small market teams stay competitive. It is meant so the wealthy teams, also called big market teams, does not always stay dominant by signing the best players to very big contracts. Salary caps are

Although NBA players are good and great athletes, They shouldn't get paid as much. Because that money needs to go to kids and families that don't have homes or food or water or clothes. People that need money and stuff to live should get it and NBA athletes should not make that much.

For example teaching is one of the most important jobs in the U.S. The impact teachers have on their kids and what they teach them is one of the most important things in the world because the future and the future economy relies on the education of its youth. Yet teachers make a significant amount less than athletes. To show the significance, each basket Kobe Bryant scores in a game is equivalent to the average salary of a school teacher. The President, one of the most powerful people in our country and someone who makes decisions that change and impact the world daily gets paid $400,000 a year. An undrafted rookie beginning his new and not so very bright professional career in major league baseball makes way over that amount. Additionally firefighters, police officers, and doctors risk their lives everyday to save others for a fraction of what athletes make. Lawyers, business men, and astronauts are people who try and change the world for the better by exploring new ideas and the unknown and are also paid a fraction of what athletes are. A high paid type of doctor makes just over $500,000 a year, a lawyer with over a decade of experience is paid up to $170,000 a year, the highest paid astronaut is paid $107,000 a year, and the average an above mediocre business man is paid $70,000 a year. To compare these salaries to athlete’s, the average salary that teams in the

The argument whether professional sports teams should have salary caps remains to be a contentious topic. A salary cap is an upper limit on the amount that employees in a particular company or industry can be paid (English Dictionary). In sports, a salary cap is used to limit how much a team can spend on player salaries. If a team exceeds the salary cap amount, they will be penalized with fines (Zegers). Professional sports teams should have salary caps to establish fairness throughout the league and increase revenues for each of the teams and their owners.

Walter LaFeber’s essay, Michael Jordan and the New Capitalism: America on Top of Its Game, examines the ways that capitalism, along with high-tech communication, is conquering the world, one person-or in this case one pair of feet-at a time. Beginning as a basketball prodigy, rising to an international phenomenon, and finally a seductive commercial ideal, Jordan is a true example of how our American corporations have used technology in a brave way to expand all over the world. Through LaFeber’s examination of Nike and its power over the global, along with Jordan’s background, a lot is revealed about American society.

A salary cap in all four major professional sports is unfathomably crucial. A salary cap is a set maximum or minimum amount of money that a team is allowed to spend on its players (Cushman 3). The four major professional sports are the National Football League or NFL, Major League Baseball or MLB, the National Basketball Association or NBA, and the National Hockey League or NHL (Cushman 1).

There is a dearth of empirical literature regarding the topic of NBA player salary determinants. Whereas there have been some articles written on NBA player salary discrimination, the lack of empirical evidence as it relates to player performance and its impact on player salary have been virtually non-existent. This investigation serves to contribute to the paucity of empirical literature regarding NBA player salaries. Wage fund theory was chosen to guide this study. According to this theory, wages are determined by the amount of capital available to pay workers. As capital increases so do worker raises. This theory has a direct correlation to the NBA salary cap. The salary cap is comprised of Basketball Related Income (BRI) which consists of revenue generated from ticket sales, national and local broadcast deals, in

We are going to start with a bit of History, when the NBA League started marketing was a heavy and important part, due to the fact that there needed to be followers in order for the association to continue “living”. The 1960’s were a known for their purity and realism, followed by the

   How many of you sports fans out there are sick of paying twenty-five dollars for a lousy seat at an NBA game? How many of you are sick of seeing the same teams in the finals every year? I'm sure there are thousands of you out there that feel this way, as do I. The way we can fix these problems is to demand that the NBA enforce a hard salary cap. A hard salary cap would lower ticket prices, allow for more teams to be more competitive and eliminate the possibility of any future lockouts. If the three things listed above aren't met, it's hard to say if the NBA will survive at all. I want to see the NBA survive, but not in the way things are being run now. A hard salary cap is the only way

In this paper we will examine the history of the salary cap structures in sports focusing mainly on the version that the NFL uses. We will also take a in-depth look at the four different areas that makes up the salary cap (Salary Cap, Active Spending, Dead Money and Cap Space) and impact the cap has had on the players themselves. As well as how it has reshaped the teams and leagues itself to help the NFL to grow into the Multi Billion Dollar sports empire that it was become today. Who would have thought that making the decision to place a limit upon spending and giving everyone the same opportunity for success would have such a profound effect on the growth and popularity of the sport?

The subject of money can be very controversial when it comes to sports in general. Whether it is the NFL, NBA, or MLB, they all exist because of large sums money. The NBA in particular produces billions of dollars of revenue each year in advertisements, ticket sales, apparel, and other forms. Through these different forms of revenue, a portion of this money goes to all 30 teams in the NBA. In the millions of dollars that each team receives, parts of it go to the owners, coaches, players, and other staff, but that is not the main source of income for players.

When sports exploded in the 1900’s athletes were paid like regular working citizens. Most athletes had to work over the summer to keep their mortgages paid. In present day, professional athletes are dished out astronomical salaries in exchange for their play. Many of these athletes have the opportunity to be set for life within the first years of their contracts. Eighteen and nineteen year olds are given multi-million dollar contracts. While these athletes are getting paid these ridiculous amounts of money, we have millions of hard working public service members that are getting the tiniest fractions of some of these contracts. In comparison, “each basket

One key factor is that much of the revenue that people make in whatever they do is put towards sports, whether it is the merchandise, the actual games, and putting money into the different types of items that are advertised during all the games. William H. Anderson for the Foundation for Economic Education says that even though we all think that the sports industry is taking away from the education system that’s actually not true at all, saying that the growth in the salaries of professional athletes is actually an indication that the economy and that people are much more prosperous right now than they have ever been. The sports industry, as Mr. Anderson, is one of the indicators that we as individuals are doing much better than we were in

Let’s look at it this way, Professional athletes have worked their entire life for everything they now have. Salary caps are not a problem in sports, this has been a very heated debate throughout every year in sports. There 's new free agents every single year, with some of the potential who deserve more than 300 million dollars over the next 10 years. Then there’s some who don’t even come close to making 1 million on a one year deal. Many people sit here and could fire rapid shots on why salary caps should be established in sports. While others believe that this could stop some people of what they should be making. Thats besides the point, I 100% believe that salary caps should be abolished in pro sports. I have some great

Some athletes such as LeBron James and Steph Curry are popular around the world and have people coming from far away to buy expensive tickets to see them play giving the team more money than just the people from around the stadium that are going to the games. These two athletes (LeBron James and Steph Curry) have enormous expectations that they have to live up to which can be very difficult when every day you are competing with the best of the best. These athletes bring a lot to the team, and are also expected to be the best there is which can be very difficult for someone so I’m my opinion they are paid exactly what they