James Hadzic
Mr. Martin
English 11
13 May, 2023
Has Money already Ruined Sports? Has Money Ruined sports? Well sports is one of the biggest industries in the world. “ It has an estimated worldwide value of over $500 billion dollars in contracts, memorabilia, sponsorships, stadiums, apparel and other items related to the sport/team.” in 2022 according to statista Sports industry revenue worldwide in 2021, with a forecast for 2022 and 2026. In the U.S, sports are an important part of the culture, ranging from baseball, football, soccer, basketball, etc; so as the sports businesses keep getting more and more popular, they will generate more revenue and at times more conflict. According to ZipRecruiter.com the nationwide average a professional
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In this article Page explains how money has changed the games in professional sports to be businesses rather than competitive entertainment. Sam includes an event when the MLB banned eight players from the Chicago White Sox's, since they supposedly took bribes to purposely lose the 1919 world series. Other sports like soccer, where Chaibou, a referee for soccer games, was taking bribes from the 2010-2011 season to purposely screw friendly games by choosing a side. These situations ruin sports as people truly want to see the best team to become the real winner. Page goes on to exclaim how professional athletes came from “humbled childhoods, into living a comfortable and safe life.” Meaning that as children or teens, they worked day and night to get a full ride scholarship in college or just being able to play the next level. Then they get the chance to play in the big leagues to make thousands and maybe even millions of dollars. Allowing them to be set for …show more content…
As people fear sports are becoming a business, but their favorite college athletes aren’t even getting much of the revenue, a new One of the big contributors is sports betting. From the start of 2021 to the end of 2021, there was about a 80% increase in people betting at least once a month according to Andrew Marquardt “Legalized Sports Betting in the U.S. Doubled in 2021. Here's Why That Will Continue after 'the Greatest Weekend in NFL Playoff History.'.” from Fortune. When the supreme court overturned the Professional and Amateur Sports Protection Act in 2018, it allowed the start of states to legalize sports betting. According to Marquardt, He says that sports betting will explode in 2021”. It was then reported Americans wagered $52.7 billion dollars throughout the year of 2021. Each weekend, there was a total of 34.5 million dollars wagered. What made the largest increase was the addition of 11 states legalizing sports betting that year, and the investment of $1 billion dollars from advertisements from the biggest industries like Draft kings and Fanduel. With a wide spread of age betting, 18% bet at least once a month by the end of 2021, however at the start of 2021 only 10% were betting at least once a month. That is an 80% increase in just a span of 11 months. As Americans love having a way of
Many public policy makers have been led to believe that professional sports are a public good, like youth sports activities, or community centers. Yet there is very little evidence to suggest that there are any positive effects produced by professional athletic teams that can’t be produced by other forms of entertainment at a much lower cost. Unlike public entities that are mandated to provide certain service(s) for the public, professional athletic teams provide entertainment with no obligation to fans or the cities in which they play. The numerous players strikes and lock outs are a testament to
Zimbalist firmly believes that these issues can be resolved by eliminating the industry’s antitrust exemption. As a result of this exemption, there is a competitive imbalance on the field as teams, specifically their owners, have access to monopoly profits from media and television networks. This book overall successfully demonstrates the issue of competition off the field. This is a high-quality source due to its author’s credentials and the argument it presents. Zimbalist is one of the most respected sports economist and in his book he presents an argument that none of my other sources do.
People are watching more things over the internet now and lots of sports are suffering a drop in ratings, not just baseball. With a higher supply of baseball games being televised and on the internet, it is natural for the demand to drop. The only reason football seems more popular is due to the fewer number of games compared to baseball. In recent seasons, MLB had revenues topping $8 billion. The author questions how a company or organization can be dying when it takes in that much profit every year (Brown, 2014).
American football is a highly profitable sporting spectacle whether its at the collegiate or professional level. I cannot disagree that football does not boost the American economy. I don’t agree that the players participating at their own risk for future benefit don’t get paid while playing such a dangerous sport. Another issue I have with organized football that almond touches on, is the mass wasting of resources in institutions around the country like the universities in the S.E.C. When looking at the massive increase in top football programs salaries around the nation one has to wonder why some of those money cant go to the players, or why it isn’t funneled into educational purposes for the universities? The top the programs alone increased
Summary: This article tackles the question of whether or not college athletes are being unfairly exploited due to not being paid. By specifically looking at a court case that aimed to settle this dispute, the author suggests that the court decided that salaries for players were banned because in doing so, the “product” of college sports was being preserved. Abbott explains that college sports will lose their authenticity because of the fact that providing salaries for these athletes will greatly favor large and well funded athletic programs. The compensation will greatly lessen the chance for any type of “upset” or “Cinderella story” and therefore make college sports boring. Analysis: This article will be helpful in supporting the synthesis
Current corruption in college sports jeopardizes play for student-athletes and those who watch them. If governments fail to execute new laws prohibiting college sports betting and allowing athletes to get paid, the stakes will keep getting higher and higher for fixers and athletes involved with them. College athletes will feel the temptation more than ever before. Violent gangsters are taking advantage of the legalized laws of college betting and bribing athletes into crimes that ruin lives. Prohibiting college sports betting and allowing student-athletes to get paid eliminates corruption
Add on “Sports leagues are unique in that individual clubs are mutually interdependent in their cooperative production of competitive games. As joint members of natural cartels each sports team is only as strong as its weakest opponent. Over the last half-century the National Football League (NFL) has become the most economically powerful sports league in the world largely because it has also been the most egalitarian. In 2010 NFL clubs pooled and shared two-thirds of over $8 billion in revenues among 32
To the contrary, one could more persuasively argue that an athlete is exploited when he is expressly disallowed from realizing his value while his reputation and skill are being used to realize a profit for others. - Jay Bilas (2010), former Duke and pro basketball player, current ESPN and CBS sports analyst According to the NCAA, its version of amateurism is all that is needed to prevent the commercial exploitation of college athletes. The protectionist rationale for its concept of amateurism that has served as the foundation for the NCAA’s position on issues related to revenue-generating player compensation is imbedded in the notion that the NCAA is attempting to, in their words, “maintain a clear line of demarcation between collegiate athletics and professional sports” so as to prevent the undue exploitation of college athletes (NCAA Amateur and Membership Staff, 2010, p. 1). Note the linguistic nuance, as if simply labeling “collegiate athletics” as being distinctive from “professional sports” would be a sufficient barricade to the commercial interests that now include, in modest estimation, a 14 year, $10.8 billion contract to broadcast NCAA Division I men’s college basketball annually with CBS and Turner Sports (Schlabach, 2011); a 15-year
The money generated is used to build state-of-the-art facilities, pay coaches, and even fund academic scholarships, but nothing goes to the athletes who make it all possible. The athletes are the ones who provide entertainment for fans and create the hype for the games, yet they do not receive any compensation. Thirdly, college
This downside is that professional athletes’ go broke faster than they are drafted into the leagues. Many professional players such as NBA and NFL players go broke due to career duration, overspending, family issues, and lack of financial knowledge. When trying to become a professional athlete, one must start playing sports as early as possible (Ferguson 34).Playing sports comes with many sacrifices. Athletes must commit time to practice and traveling. Moreover, they must spend money on equipment, clothing, and food (37).
As for the law’s primary target, the multi-billion dollar on-line sports gambling industry (Bogdanich). But as the daily fantasy business grew, with an estimated $3.1 billion being bet last year, it did so with very few rules at all. The New York Times began publishing stories on what we’d found out about the realities of unregulated sports betting and how the daily fantasy industry avoided government oversight. In-Text Citation Practice 1. Jeffrey Salvati stated that “In 2006, the United States Congress carved out a piece of legislation that says fantasy sports is not gambling.
People know that doctors and firefighters save lives, while athletes play a game to make money. Even teachers pay isn’t anywhere near to athletes; they educate the generation’s youth so they can make a difference in the future. So many jobs that are very important don’t get paid as much and that money can go towards better causes. But these are only some of the reasons that pro athletes get paid too much.
Athletes - Paid for Their Worth Most people think that athletes are overpaid and see huge contracts come out every year. It’s not everyday that an athlete wakes up to a 20 million dollar contract. In fact, they actually worked for it over many years of training and dedication. Pro athletes are paid exactly what they deserve because they work hard and sacrifice more than most people think. It's not just businesses paying them; people do things like buy merchandise, tickets to the games and support their favorite teams while the athlete does the “dirty” work of performing.
Professional athletes are extremely overpaid for the “jobs” that they do. They only entertain for a living and get paid millions of dollars per season. Each sport is different in how they pay their athletes, and the difference in salaries from one player to another can be in the tens of millions of dollars. These athletes are paid for jobs that they only do for a certain number of games and do not even play the games over the course of an entire year. In most professional sports, they play in games for only a few months and then have a few months off.
People know that doctors and firefighters save lives, while athletes play a game to make money. Even teachers don’t get paid as much; they educate the generation’s youth so they can make a difference in the future. So many jobs that are very important don’t get paid as much and that money can go towards better causes. But these are only some of the reasons that pro athletes get paid too much.