scholarly journals Executive Pay Regulation: What Regulators, Shareholders, and Managers Can Learn from Major Sports Leagues

2011 ◽  
Vol 13 (2) ◽  
pp. 1-30 ◽  
Author(s):  
Helmut M. Dietl ◽  
Tobias Duschl ◽  
Markus Lang
Keyword(s):  
Level Structure ◽  
Team Sports ◽  
Professional Sports ◽  
Executive Pay ◽  
Corporate Sector ◽  
Sports Industry ◽  
Professional Team Sports ◽  
Sports Leagues ◽  
Regulatory Measures ◽  
Professional Sports Leagues

Executive pay regulation is widely discussed as a measure to reduce financial mismanagement in corporations. We show that the professional team sports industry, the only industry with substantial experience in the regulation of compensation arrangements, provides valuable insights for the regulation of executive pay. Based on the experience from professional sports leagues, we develop implications for the corporate sector regarding the establishment and enforcement of executive pay regulation as well as the level, structure, and rigidity of such regulatory measures.

Player Rights 1951 and 1957

2017 ◽  
Author(s):  
David George Surdam
Keyword(s):  
Team Sports ◽  
Professional Sports ◽  
Congressional Hearings ◽  
Professional Team Sports ◽  
Sports Leagues ◽  
Professional Sports Leagues

This chapter examines one of the most contentious issues in professional sports leagues that were tackled at the Congressional hearings in 1951 and 1957: player rights. The reserve clause and the player draft allowed owners to minimize competition for players and therefore to have salary-setting power over their players, giving them discretion in how much they paid them. Owners and their commissioners employed novel arguments supporting the necessity of having the reserve clause. This chapter first provides an overview of the sorry state of player salaries in professional team sports before considering the owners' explicit use of the reserve clause and how players began challenging it. It concludes with a discussion of Congress's inquiry into player rights, the challenges to the player draft, the formation of players' associations, the outcome of the hearings, and the inquiry's impact on owner-player relations.

Economics of Antitrust

2017 ◽  
Author(s):  
David George Surdam
Keyword(s):  
Team Sports ◽  
Professional Sports ◽  
Revenue Sharing ◽  
Antitrust Law ◽  
Competitive Balance ◽  
Sports Teams ◽  
Sherman Act ◽  
Professional Team Sports ◽  
Sports Leagues ◽  
Professional Sports Leagues

This chapter examines the economics of antitrust, with particular emphasis on how antitrust law affects professional team sports. In the late 1800s, Americans worried about the growing concentration of power in the hands of a few producers such as Standard Oil, American Tobacco, and other large firms that consolidated their holds over industries by merging and acquiring other companies. Other industrial leaders sought to fix prices above those obtained under competition. The Sherman Antitrust Act, enacted in 1890, contains provisions addressing “contract,” “conspiracy,” and “trade and commerce.” This chapter first considers how courts applied the Sherman Act to cases involving professional team sports before discussing the characteristics of professional sports leagues, how owners of professional sports teams reported profits and losses, the issue of player salaries and exploitation, and competitive balance and revenue sharing in professional leagues. It also describes franchise relocation and expansion and how television created demand in sports.

Economics of Sports Leagues

2017 ◽  
Author(s):  
David George Surdam
Keyword(s):  
Bargaining Power ◽  
Sufficient Conditions ◽  
Team Sports ◽  
Professional Sports ◽  
Price Setting ◽  
Professional Team Sports ◽  
Sports Team ◽  
Sports Leagues ◽  
Ticket Prices ◽  
American Economy

This chapter is a general overview of the economic aspects of professional team sports leagues as well as the American economy. The NBA's turbulent birth as the BAA demonstrated that professional sports team owners' twin advantages of price-setting power over ticket prices and enhanced bargaining power over players were not sufficient conditions to ensure profitability. Price-setting power without sufficient demand could still lead to losses. The challenge was to increase demand, which would have led to higher ticket prices, more attendance, and greater revenues and profits. Greater profits would have enabled owners to pay higher salaries and to improve conditions, helping to erase any fly-by-night image. Thus the chapter looks at the issues surrounding profits, player salaries, technology, expansions, discrimination, and so on; as well as how the American economy performed during the years 1945–61 and how it affected attendance and demand for professional team sports leagues.

Professional Team Sports in American Economic History

2018 ◽  
pp. 128-146
Author(s):  
Stanley L. Engerman
Keyword(s):  
Gender Discrimination ◽  
Economic History ◽  
Team Sports ◽  
Professional Sports ◽  
Ice Hockey ◽  
Spectator Sports ◽  
Professional Team Sports ◽  
Sports Leagues ◽  
And Gender ◽  
Degree Of Similarity

This chapter presents several of the major issues of analysis in certain of the major spectator sports. It focuses, among the professional sports, on baseball, football, basketball, and ice hockey—particularly on baseball, which has a much longer history and a more substantial literature than do the other sports. While each of these sports leagues is operated as a separate entity, there is a great degree of similarity in their actions and activities. The chapter does not cover all economic aspects of sports, but focuses on those considered most significant. The four major economic issues to be discussed are (1) the economics of cartels; (2) the labor market (the institutions and the behavior of labor markets); (3) racial and gender discrimination in sports; and (4) government subsidies to teams to influence their location.

scholarly journals Big Data, Big Problems: Analysis of Professional Sports Leagues’ CBAs and Their Handling of Athlete Biometric Data

2020 ◽  
Vol 30 (1) ◽  
pp. 63-81
Author(s):  
Sarah M. Brown ◽  
Natasha T. Brison
Keyword(s):  
Athletic Performance ◽  
Professional Sports ◽  
Professional Sport ◽  
Competitive Advantages ◽  
Biometric Data ◽  
State Laws ◽  
Federal Level ◽  
Sports Leagues ◽  
Revenue Streams ◽  
Professional Sports Leagues

The use and integration of wearable technology (wearables) into professional sports is increasing rapidly. At a minimum, the NFL, NBA, MLB, NHL, and MLS have all integrated wearables into their training. Teams’ hope the biometric data obtained from the wearables will sharpen athletic performance, create competitive advantages, enhance fan experience, and generate new revenue streams. However, to obtain these desired outcomes leagues must adequately protect their athlete’s biometric data (ABD).  The purpose of this paper is to examine and compare the CBAs of the NFL, NBA, MLB, NHL, and MLS management of wearables and ABD. Specifically, this paper will discuss the potential gaps in protection of ABD within the CBA and explore whether federal and state laws are applicable to protect the data. Findings from this analysis improve our understanding of professional sport leagues management of ABD and expose the limitations of protection at the league, state, and federal level.

Sign in / Sign up

Export Citation Format

Share Document