I'll say no because if it was too much the leagues wouldn't exist...the free market should reign without salary caps since owners aren't forced to agree to these huge contacts...just like any business can decide how much to pay their employees any business can run themselves into bankruptcy if they do choose...so all the power is always in the hands of the owners as it should be.
Yes. BUT...
There needs to be a system in Pro sports where money doesn't interfere with a teams success or failure.
A team shouldn't be penalized financialy for drafing top players. What I mean is what happens in hockey with the cap. A team shouldn't have to trade their best players because they've become so good a team cannot afford those players.
There should be a system where the league pays the players x-amount and the teams make as much money as they can.
There needs to be a system in Pro sports where money doesn't interfere with a teams success or failure.
A team shouldn't be penalized financialy for drafing top players. What I mean is what happens in hockey with the cap. A team shouldn't have to trade their best players because they've become so good a team cannot afford those players.
There should be a system where the league pays the players x-amount and the teams make as much money as they can.
Absolutely.
Since most owners have more money than brains and treat their franchises like a trophy wife, one can hardly call them "businesses" in the traditional sense.
Couple this with the fact most sports franchises receive govt-subsidies one way or another distorting the market even further, and it's easy to see why player salaries are so far removed from the reality of the every day Joes and Jills who cheer them on.
Since most owners have more money than brains and treat their franchises like a trophy wife, one can hardly call them "businesses" in the traditional sense.
Couple this with the fact most sports franchises receive govt-subsidies one way or another distorting the market even further, and it's easy to see why player salaries are so far removed from the reality of the every day Joes and Jills who cheer them on.
They can lose money because it's not the owner's main source of income.
Like I said, a billionaire's toy - an extension of their inflated egos. Modern sports franchises are not run like Costco or the mom and pop bakery down the street.
If I were a multi-billionaire, I'd buy one. Not to profit, but for the ego-inflating experience of winning a championship and being the toast of an entire city. Then I could use that fame and prestige to augment the value and profits of other businesses I owned.
As an added bonus, I'd get to extort taxpayers for millions demanding a high tech playpen for my 'employees' - or I'd pack up and find some other sucker who would gladly accommodate my wishes.
Fan is short for FANATIC, and there's nothing rational about FANATIC.
"Joe, quit drinking, sports franchises are businesses".......what a joke.
Yes. But that wasn't your initial point now, was it?
If we are talking about corporate welfare---that is a different conversation.
Saying a sports franchise doesn't make the owner money hand over fist is like saying a casino owner isn't making money.
Does it suck the entertainment dollar out of the consumers who would spend it on some other form of entertainment that city has to offer? Without question.
They don't.
Day to day operationally, many franchises are a bottomless pit.
www.thesportster.com
It's why they need caps, drafts and tax subsidies.
Any other business would be bankrupt.
What keeps them afloat? Network TV contracts, franchise fees etc.
Day to day operationally, many franchises are a bottomless pit.
Top 15 Pro Sports Teams That Actually Lose Money
NBA commissioner Adam Silver made headlines this summer when he claimed that a “significant number” of teams are losing money. Naturally, this raised some questions: How many teams count as “significa
www.thesportster.com
It's why they need caps, drafts and tax subsidies.
Any other business would be bankrupt.
What keeps them afloat? Network TV contracts, franchise fees etc.
Most of that is make believe. To continue sucking the dollars out of every avenue.So many franchises are a bottomless pit.
Top 15 Pro Sports Teams That Actually Lose Money
NBA commissioner Adam Silver made headlines this summer when he claimed that a “significant number” of teams are losing money. Naturally, this raised some questions: How many teams count as “significa
It's why they need caps, drafts and tax subsidies.
Any other business would be bankrupt.
What keeps them afloat? Network TV contracts.
Look at the cities that pay for these billionaire owners to build their arenas/stadiums.
Why does the tax payer, pay into a billionaire's investment?
But now this has turned into a different conversation.
