Salary Caps For Professional Athletes There are numerous laws that already exists in witch to prevent similar business to restrict pays and limit the command for their companies. This allows employees to not be bribed or feel obliged to work for one company over another. The same concept is included in professional sports in the idea of a salary cap. A salary cap is a mechanism that allows owners of companies to control and quash an athletes wages. Very wealthy owners of companies with
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it and player salaries are no exception. Teams of different sport like basketball‚ baseball‚ soccer and football spend a lot of money on their players which is ridiculous not just for the fact that they paying that amount of money but the fact that millions of money which can be minimize are being paid to a player that if he decide not to play‚ no one will harm player‚ which brings me to saying that reduce the ability of the richest teams to bid up the price of players and‚ salaries are sure to fall
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Salary Caps are to Ruin our Future Many players of professional sports have billions of dollars from signing a multi-year contract‚ many of those players are judged on how much they play‚ how hard they work and many other points to determine how much they get paid. At the same time many of those players have a limit set on them on how much their maximum salary is. This limit is called a salary cap; a limit on the amount of money a team can spend on other players salary. This cap is happening currently
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Professional athletes should not have a salary cap because they have put in more work‚ time‚ and dedication than others‚ and now they have more to strive for so they can be the top performer. Body Paragraph #1 Topic Sentence: Many professional athletes fought the pain and dedication to make the big money they make now. Supporting Evidence #1: According to the article “an athlete’s salary can range from $100‚000 to $1‚000‚000 (Professional athletes‚ 2014)”. Explanation: Not all athletes get paid
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Salary caps are used in all pro sports and can impact any team. Caps are imposed limits on the money a team can spend on their players salaries. Salaries in pro sports are becoming out of control and reaching 100 million dollars. Teams are becoming unbalanced and are losing profits. Salary caps should be used in pro sports. Did you know that Michael Vick now makes nearly 100 million dollars a year? He is even making this much after missing over two years of football and being thrown in
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The Salary Cap Ever since the beginning of baseball‚ the salaries of the players have continued to rise. Some teams are being left further and further behind because they cannot pay the huge amounts that big name players demand. In the past twenty years‚ we have seen the increased need for a salary cap. With a salary cap‚ more teams would be able to compete with the more financially inclined franchises. If more teams can compete for titles‚ then they will be more entertaining and more people
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metrics Research Prospectus | Draft or Free Agency | Using High Profile Athletes to Maximize Revenues | | Christopher Walsh | 3/3/2011 | I. Introduction Professional sports teams are one of the most intriguing operations in the economic climate. Fans want nothing more than for their team to win games and more importantly championships; however‚ this is not the goal of the majority of owners. Sports teams require a large amount of capital up front in order to purchase one‚ and because
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changes mentioned in the strategic options‚ in the current implementation of these two options‚ NHL should see a definite increase in its exposure. PEST ANALYSIS POLITICAL- Escalating player salaries and unprofitability of several teams led to the owners’ demanding a salary cap on player salaries. Salary caps were a common occurrence in other sports like basketball and football. However‚ The Players Union was not very happy with this development and resisted the proposal. This confusion eventually
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lockouts: a) 1st and 2nd Basic Agreement – was a contract that 1) significantly increased the minimum salary of all the players and 2) established a protocol that players could follow to air their grievances. The agreements came as a response mechanism that was used by U.S. owners who wanted to avoid the competitive pressure that had been created by the Mexican League in terms of U.S player salaries. In 1946‚ the Mexican Baseball League had begun hiring U.S. players and the U.S owners wanted to avoid
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such as the NBA‚ NFL‚ and MLB. However the National Hockey League also does not bring in as much revenue as the other professional sports. In the 2002-2003 seasons NHL players were getting paid the most when you compare league revenues to player salaries. The great thing about the NHL is most players play for the love of the game rather than how much money they are getting paid. As stated above most players joined club teams just so they could continue doing what they love to do. Cancelling a whole
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