chapter 6.pdf - Payton Johnson Reading notes chapter 6...

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Unformatted text preview: Payton Johnson Reading notes chapter 6 Compensation the form or salary, bonuses reimbursement for expenses, or any type of direct payment (professional athletes) a collective group of athletes in team sports who unionize so that they can bargain Labor collectively with the leaguer owners (ex. management). Labor is typically represented by a union head in negotiations with management referring to the collective bargaining process, management refers to the collective group of Management ownership that is negotiation with the players, or labor. Management is typically represented by a league commissioner, who is technically an agent for the owners, in negotiations with labor Athletai well-paid men recruited from mercenary armies and trained exclusively for brutal competition - been around for 100+ years, only in the past 70 years have professional sport Professional Sports opportunities been available to many minority segments of the American population - women professional sports have also arisen only in the past 70 years Sports Broadcasting Congress passed this act, the relationship between the media and professional sports Act of 1961 changed dramatically Interdependence teams depend on one another to stage the games that constitute the product pioneered and most effectively implemented by the NFL, this term presents the notion that League think teams must recognize the importance of their competition and share revenues to ensure that their competitors remain strong device used by the MLB and the NBA to tax the teams that spend the most (or spend too Luxury tax much as defined by the collective bargaining agreement [CBA]) on player payroll and those taxes are then shared with team that do not have high payrolls Structure and Governance Refers to the league office, which includes; league commissioner, board of governors or committee structure composed of the team owners, central administrative unit that negotiates contracts and agreements baseball s antitrust exemption: prohibits companies from dominating their respective markets in interstate commercial activity, thus creating consumers only having one choice collective bargaining: process used to negotiate work terms between labor and Labor management relations management. All active league players are in a bargaining unit and thus form a collective unit for negotiating and bargaining with the owner free agency: ability for players to sell their services to another team salary caps: agreements collectively bargained between labor and management that established a league wide team payroll threshold that cannot be exceeded in most cases. player draft: a system for distributing new talent among all league members Local televisión contracts Gate receipts Sponsorship agreements made between pro teams and local television stations and regional sport networks. these agreements provide teams with additional media revenue beyond what they receive fro the national tv and concessions accounted for more than 92% of the revenue of pro teams the acquisition of rights to affiliate or associate directly with a product or event for the purpose of deriving benefits related to that affiliation or association signage located in the arena bowl and primarily found on the fascia below the upper bowl. This signage is computer generated and has the capability to add sound, animation, and LED signage otter visual effects to present a colorful eye-catching message. LED stands for light emitting diode, signage is usually sold in 30 second increments with a predetermined number of rotations per game signage that is generated by digital technology and place into a sport event telecast so that Virtual signage it appears as though the sign is par tot the playing surface or adjacent to the playing surface - maintaing labor-management harmony in the face of rising salaries Future challenges - developing new revenue streams - meeting the challenges created by technology - dealing with globalization Several executives on board Player personnel Medical, training, and team support 1) CEO 2) chief financial officer 3) chief marketing officer identifying, evaluating, and developing potential and current players physical prep and readiness f the players Coaching staff concerned with coaching, managing, and training Player education and educating players on financial management, substance abuse, nutrition, image relations management, and additional higher education Video support staff producing and editing of videos, software purchases, broadcasting. Stadium and facility staff maintenance, upkeep, and repair ...
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