On October 17
2013 we learned about Sports and the
Economy- Who Benefits from Sport?
In my opinion everyone benefits from sport but not
as much as the athletes.
As stated in our notes athletes are granted:
· Salaries
· Appearance Fees
· Restrictive labor practices to keep salaries
down.
Athletes get so much money from playing professional
sports its ridiculous. 43 states in the
U.S have implemented the pay for play policy at their universities. The NFL is $9
billion dollar revenue and the NBA is about $4million. It also says in our
notes that “Money has become the foundation of sport at all levels.” I definitely
agree with this statement. If this wasn’t true the Vikings wouldn’t be building
a new $500million. The Affiliated Press who wrote the article “Vikings bump
stadium share past S500 million” stated that they will increase their contribution to a new stadium to
$500 million to make sure the project has everything they want. Let’s get
serious here. We can spend $500 million dollars on a brand new stadium despite
the things we need to pay for such as our debt with china our loans. This is
outrageous, the athletes, coaches, fans and family benefit from sport but, in
reality its mainly the ATHLETES. By us building new stadiums to accommodate the
fans this brings in revenue and pays the athletes and coaches a lot more money.
Stadium authority chairwoman Michele Kelm-Helgen said the rising costs are a
sign of an improving economy. Of course this is true if your rise the cost then
sport will grow. As long as the population grows sport will to, just like I mentioned
before in another blog. The NFL makes about $1.9m, NBA, $5.15million, NHL
$2.4million,and the MLB $3.31million. You would think average salaries in sport
would be higher.
In Coakley’s text (Pg. 378) he writes that the
owners of top pro teams in the major men’s sports make money from …..
· Gate Receipts
· Media revenue
·
Stadium revenues
·
Licensing Fees
·
Merchandise sales
So not only do athletes benefit
from sport but, the coaches share a huge role to. But,what about the fans family
and other people involved in sport,why do they barely benefit economically from sport? Think About it!