Exam 2 Review - Chapter 5 • Sole Criterion of...

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Unformatted text preview: Chapter 5 • Sole Criterion of professional sport o • Three principles of the professional sport industry o Labor: the collective group of athletes in team sports To protect and procure additional resources for its membership, which is made up of the professional athletes o Management: the owners of professional teams To win back some leverage and control lost to labor over the past three decades When referring to the collective bargaining process, management refers to the collective group of ownership o Governance: made up of the professional sport leagues Attempts to regulate, but not completely control, both labor and management • Sports Broadcasting Act o 1961 – Sport Broadcasting Act allows leagues to negotiate one television contract for all its teams • League Think o David Harris: league think the notion that teams must, among other things, share revenues to reverse the process by which the weak clubs get weaker and the strong clubs get stronger • Organization of professional baseball o Compose of 30 team situated in two leagues (National and American) o Each league has a president, who reports to a commissioner o The commissioner is responsible for representing the interests of all parties associated with professional baseball: Owners, players, fans, television networks, corporate sponsors, host cities and venues, and the minor leagues • Minor league System o Baseball Unique in having an extensive minor league system Each major league team: at least four affiliate teams in the minor league R, Single A (High, Middle, Low), AA, & AAA) The major leagues’ minor league affiliate is responsible for all franchise operations and travel expenses for the players • Type of structure of sport league o Over the past 10 years a variation on the typical league structure and governance has emerged that of single-entity structure Single-entity structure: introduced by MLS League, rather than individual people, own the teams in the league Individual investors pay for the right to operate teams The league to control labor costs This structure is employed by WNBA, MLS WUSA, NBDL...
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This note was uploaded on 04/23/2008 for the course BUS 247 taught by Professor Ha during the Spring '08 term at The College of Saint Rose, Albany.

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Exam 2 Review - Chapter 5 • Sole Criterion of...

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