The shoe industry could lose up to $500 million in sales. The saying “out of sight, out of mind” means that if the players are not in the court, and the kids aren’t thinking of them, they will not go out and buy their shoes. China, being the NBA’s largest international market, thanks to Yao Ming, decreased its sales in basketball shoes by 17% in the 161 days of the lockout. The NBA’s revenue in China is growing at a rate of 30% to 40% per year. Basketball jerseys are a huge market that was impacted by the lockout.
NBA owners spend millions of dollars annually on scouting and on the development of young prospective basketball players. Increasing the age requirement, will allow college basketball coaches another year to work with these players. This also, gives their scouts an additional year to study these players, translating to more information on the investment rather than taking chances on a player’s right out of high school. Allowing these colleges to spend an extra year with players, should reduce the NBA's responsibility of the development of young players. Providing scouts with an additional year, should assist in investing in the right players.
4. Other * Unrestricted Free Agent * Free to sign with any teams * Restricted Free Agent * Current team can match offer from another team to keep player * Sign and Trade Agreement * Team must trade player with this agreement * Releasing players * Guaranteed contracts will go against team’s payroll if they release a player * Luxury Tax * Tax level is placed so that team won’t exceed the cap significantly * If over luxury tax, there will be fines. 5. History * 1998-99 NBA lockout * Shorten games to 50 * Lasted for 204 days * TV ratings and ticket sales declined for several seasons * MJ’s retirement also affected these factors Conclusion The NBA salary cap is more complicated than the other major sports in America. I hope that you learn why they are having issues with coming up with a new contract, and how complicated it can be.
National Basketball League Lockout Robyn L. Grescavage Colorado Technical University Abstract The NBA lockout began on July 1st 2011. In this paper we are going to discuss several different topics about the lockout; from why they were fighting this battle, revenue sharing from the players and the owners. The salary cap explained as well as the negotiations that went on as well. There will the explanation of the salary agreement that were reached as well as the collective bargaining agreement. If there wasn’t any agreement that was reached, there could have been no basketball season.
These athletes are around 20 years old and are receiving millions of dollars all at once, which can be overwhelming and tempting to spend. They are left vulnerable to entrepreneurs looking for investors. They are tempted to invest in businesses that are almost guaranteed to fail. They are big name superstars and want a big name business behind them, such as night clubs, restaurants, or car washes. They are told that if they throw large chunks of money into these businesses they will double, triple, or even quadruple what they put into it.
National Debt At one point our national debt was only 34,000 dollars that was way back in 1834, today in December of 2012 our debt has gone up to about 59 trillion dollars. Many people don’t even know anything about our debt situation. It’s never fully explained on how we got so far in the red zone, it’s always hidden away like a dark secret of our government. Truthfully there are many explanations for our nation’s debt crisis. The U.S. government has stolen trillions of dollars from future generations of Americans, and we continue to add well over a hundred million dollars to that total every single day.
With the salary cap in the NBA it’s hard for teams to keep up with the foreign market, to its dismay. As the Euroleague offers no taxes, one may seem to jump at the occasion of playing overseas. As this is making news in the world of sports today, not many players are jumping at the opportunity. With the economic crisis coming afloat in the US, why not go overseas for big money. Policies within the economic world today should be jumping at this opportunity to investigate and figure out what is going
With shows like this on air for the world to see it is a disgrace. This country is well over dry on money, yet, we can spend millions on each of these cast members who do nothing but party and be belligerent drunks. According to TMZ.com the Jersey Shore cast is getting paid $100,000 an episode and there is 13 episodes in a season, don’t forget to include their appearances, advertisement, exedra. America claims to be out of money and needs help yet we are supplying millions of dollars to people who don’t deserve
Well contrary to this popular belief the real world doesn't work this way at all. If it did then all baseball players would be paid the same salary but they don't because the owners of each respected team compete for the best players with the raising of salaries. Another example is that why do doctors get laid more than a janitor? Well because the doctor is more productive than a janitor and the
Creating caps are great ways to help generate interest around normally uninteresting teams. Not as nearly enough people will go to games to see their home team lose. I mean having the highest team salary doesn't guarantee a championship but having the lowest salary usually means you have no chance. It's completely unfair and stupid. Teams today that are not in big market cities are completely at a disadvantage.