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Salary Cap Should Be Allowed In Professional Sports

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Salary Cap Should Be Allowed In Professional Sports
Professional sports have gained a reputation for outrageously high player salaries. The challenge for team owners is to attract the best talent while balancing their overall investment. The five major sports in the United States – Major League Baseball (MLB), National Football League (NFL), National Basketball Association (NBA), National Hockey League (NHL) and Major League Soccer (MLS) - have differing systems for managing player salaries. No one sport has the perfect model; there are issues with each. Salary caps are agreements or rules put in place by the respective leagues in order to limit the amount of money the team can spend on player salaries. Salary caps systems should be allowed in professional sports because they help to manage …show more content…
The NBA has a two round draft with two picks per team (30 teams). The position of the draft choice is determined by the team’s success in the prior year. So, teams who finished last in the league get to pick early in the draft. While teams that finish at the top of the league, are lower on the list for player selection. For several years, the players and owners struggled to come to an agreement or decision that would benefit both sides of the argument. Finally, in the late 1990s, the two sides came to an agreement. The agreement gave a higher percent of revenue to players while protecting the owners by capping rookie salaries and allowing them to replace injured players (Salary Caps …show more content…
They want to watch exciting, competitive games not lopsided, blowout (meaning a bad loss) games. Fans love close games that come down to the wire because they are exciting. The competitive factors do greatly influence the fans’ decision to attend sporting events (AL). A good example would be the Atlanta Hawks (an NBA team). Last year, 2014, the Hawks had a very average season. However, this season, the team has had the best start in franchise history. Attendance is up at Philips Arena by over 2,200 fans per game (Hawks). The last few games have been sold out which is a rare occurrence for this
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