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This book lays down a marker as to the state of economists’ understanding of the National Football League (NFL) by assembling sophisticated, critical surveys of by leading sports economists on major topics associated with the league. The book is divided into four parts. The first three chapters in Part I provide an overview of the business of the NFL from an economist’s perspective. Part II is a collection of surveys of the economics of the NFL’s most important revenue streams, including media, attendance, and merchandising. The NFL’s labor economics is the focus of Part III, with chapters on player and coach labor markets, the draft, and contract structure. Part IV includes essays on competitive balance, gambling, economic impacts of the Super Bowl, behavioral economic issues associated with the league, and antitrust issues. This book will appeal to sports economists, sports management professionals, and policy-makers, and would be useful as a supplementary text for sports economics and management courses as well as a reference text.
The study of sport in the economy presents a rich arena for the application of sharply focused microeconomics, macroeconomics and econometrics to both team and individual outcomes.
Master's Thesis from the year 2018 in the subject Sport - Sport Economics, Sport Management, grade: 2.0, University of Leipzig (Institute for Empirical Research in Economics), language: English, abstract: This thesis will provide the reader with a good understanding of the economic forces in the modern sports industry with a focus on European Football. The reader will be introduced to the most common measures of Competitive Balance and the existing literature on the topic. Equipped with this knowledge, the paper takes the reader on a recap of the European top leagues history with a focus on the Competitive Balance beginning in 1980. The final chapter then provides an econometric deep dive into the data for the Bundesliga. The commercialization of European football strongly accelerated in the early 1990s and brought tremendous revenue increases to the industry. Rapidly, broadcasting revenues became the clubs’ main source of income. Some professional football leagues jointly sell their teams broadcasting rights as bundles and share the incomes with a certain degree of solidarity among them. This study tries to find evidence for the positive impact of such revenue sharing agreements on the competitive balance in Europe’s strongest football leagues. Therefore, a newly developed measure is applied, which contains combined information about leagues absolute level of competitive balance as well as relative changes in standings over time. The results of the study mainly speak in favor of an enhancement of solidarity among teams, because of its positive impact on competitive balance and thus on a leagues attractiveness to customers.
Football may be sport, but the National Football League is at heart a business--how else to account for the stratospheric salaries of the players and coaches? Yet most people are unaware of how that business developed. This book details the growth of an industry that generates billions of dollars in revenue and explains the intricacies of the league's expansions and mergers, territories and relocations; the operation of franchises; the role of stadiums and markets; and the effect of the NFL on domestic and foreign affairs.
This volume deals with the competitive structure of football. It examines the relationship between sporting success and economic variables, the structure of European competitions, financial problems in football, their origins and options for reform, racial discrimination in English football, and the economic impact of the World Cup.
The National Football League has long reigned as America's favorite professional sports league. In its early days, however, it was anything but a dominant sports industry, barely surviving World War II. Its rise began after the war, and the 1950s was a pivotal decade for the league. Run to Glory and Profits tells the economic story of how in one decade the NFL transformed from having a modest following in the Northeast to surpassing baseball as this country's most popular sport. To break from the margins of the sports landscape, pro football brought innovation, action, skill, and episodic suspense on "any given Sunday." These factors in turn drove attendance and rising revenues. Team owners were quick to embrace television as a new medium to put the league in front of a national audience. Based on primary documents, David George Surdam provides an economic analysis in telling the business story behind the NFL's rise to popularity. Did the league's vaunted competitive balance in the decade result from its more generous revenue sharing and its reverse-order draft? How did the league combat rival leagues, such as the All-America Football Conference and the American Football League? Although strife between owners and players developed quickly, pro-football fans stayed loyal because the product itself remained so good.
Most books that study professional sports concentrate on teams and leagues. In contrast, Home Team studies the connections between professional team sports in North America and the places where teams play. It examines the relationships between the four major professional team sports--baseball, basketball, football, and hockey--and the cities that attach their names, their hearts, and their increasing amount of tax dollars to big league teams. From the names on their uniforms to the loyalties of their fans, teams are tied to the places in which they play. Nonetheless, teams, like other urban businesses, are affected by changes in their environments--like the flight of their customers to suburbs and changes in local political climates. In Home Team, professional sports are scrutinized in the larger context of the metropolitan areas that surround and support them. Michael Danielson is particularly interested in the political aspects of the connections between professional sports teams and cities. He points out that local and state governments are now major players in the competition for franchises, providing increasingly lavish publicly funded facilities for what are, in fact, private business ventures. As a result, professional sports enterprises, which have insisted that private leagues rather than public laws be the proper means of regulating games, have become powerful political players, seeking additional benefits from government, often playing off one city against another. The wide variety of governmental responses reflects the enormous diversity of urban and state politics in the United States and in the Canadian cities and provinces that host professional teams. Home Team collects a vast amount of data, much of it difficult to find elsewhere, including information on the relocation of franchises, expansion teams, new leagues, stadium development, and the political influence of the rich cast of characters involved in the ongoing contests over where teams will play and who will pay. Everyone who is interested in the present condition and future prospects of professional sports will be captivated by this informative and provocative new book.