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  1. #1
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    Economics and Sports?

    Here are a couple of general questions for you guys/gals...

    So with the economy being what is it, when do college coaches salaries start to top out? Ben Jacobsen was first thought in my head as all Iowa universities are undergoing budget cuts and he might be getting offers to go elsewhere.

    In the same thought, will players like Manny Ramirez stop getting paid 25 million per season? Is his salary tied directly to tickets sales and will those sales decrease in the coming year?



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    Re: Economics and Sports?

    Manny got no offers besides the Dodgers, I'd guess that has atleast something to do with people not wanting to pick up such a big salary at a time like this. Probably also had something to do with him being a huge d-bag, but I won't speculate on the ratio.


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    Re: Economics and Sports?

    Those are some interesting Q's.....


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    Re: Economics and Sports?

    I'd like to see exactly how bad it is with the NBA and the NHL right now.



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    Re: Economics and Sports?

    Quote Originally Posted by cmoneyr View Post
    Manny got no offers besides the Dodgers, I'd guess that has atleast something to do with people not wanting to pick up such a big salary at a time like this. Probably also had something to do with him being a huge d-bag, but I won't speculate on the ratio.
    He is still one HELLUVA hitter though.


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    Re: Economics and Sports?

    Manny isn't getting all that money in one year. It is something like $10 million this year, and then $5 million in each of the next 3 years (2010-2012).



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    Re: Economics and Sports?

    Quote Originally Posted by Cardinal&Gold11 View Post
    He is still one HELLUVA hitter though.
    I agree, which is why teams will put up with his antics, or team I should say apparently.


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    Re: Economics and Sports?

    I loved Manny when he played for the Redsox. Yea, he did some things that made you really scratch your head. But without him, they never would have won those championships. And for that, I say, Thank you Manny


    "These are my new shoes. They're good shoes. They won't make you rich like me, they won't make you rebound like me, they definitely won't make you handsome like me. They'll only make you have shoes like me. That's it." - Charles Barkley

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    Re: Economics and Sports?

    For college sports I can see it level off, with a lack of increases, but I don't see people getting reduced. I still think a high profile coach will get paid $1 to $2 million or whatever it is these days. At the big schools donors will still pony up. In a college situation, it probably hurts the midmajors and smaller conferece schools. They already have a hard time balancing their budgets, and rely more on a grassroots campaign to help fund their athletics. A big school like Texas has some of that, but they also supplement it with a ton of millionaires writing some big time checks, and I just don't think all of that goes away.

    As far as professional sports go, it depends on how the owner manages the team. Some owners keep all of their money in their investments seperated. For example, the Twins set payroll the following season to 50% of revenue of the previous season. Some owners are going to infuse their own money into the business if they want it to be successful. With the NBA for example, 11 teams couldn't close their books but they are owned by billionaires. If push came to shove, many of them could've closed it with their other investments, but they could've closed them without borrowing money.

    In sum for professional: I think the impact is less sponsorships, and less revenue at the gates from the fans. The teams that scrictly manage their teams based on these revenues will likely make cost cutting decisions regarding salaries and payroll. For teams that really don't give a f, like the Yankees or Dodgers, they will keep spending tons. Some owners will try to do whatever it takes to win, while others are penny pinchers and don't mind losing as long as they can close their books. We'll probably run into more teams being like the Padres, Twins, As, etc., but I think the Yankees will always take the approach they are as they are trying to build and maintain an empire.


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    Re: Economics and Sports?

    Another thing to think about especially with leagues like the NHL and NBA, is that their salary cap is directly tied to how much revenue the league brings in. This will likely be the 2nd year in a row the salary cap shrinks in the NBA, thus making the midlevel and max contracts shrink. This is why teams are dumping players to get under the cap and not have to pay the luxury tax.



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    Re: Economics and Sports?

    Who else thinks the MLB should institute a salary cap? I think the monumental differences in the payrolls of the the Yankees and say, the Pirates, is disgusting. Of course, that would mean that my Cubbies might have to cut a little salary too, but I think it would be worth it to prevent spending sprees like the one the Yanks went on this offseason.



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    Re: Economics and Sports?

    Quote Originally Posted by cyhiphopp View Post
    Who else thinks the MLB should institute a salary cap? I think the monumental differences in the payrolls of the the Yankees and say, the Pirates, is disgusting. Of course, that would mean that my Cubbies might have to cut a little salary too, but I think it would be worth it to prevent spending sprees like the one the Yanks went on this offseason.
    I think MLB does well with their system, because I think they have a good way to keep the most popular teams at the top. However it really has killed a lot of interest in the sport in small markets. My wife and I are planning a trip to KC to watch the Royals for the first time this summer, and it will be fun but under the current system I have no expectations of the Royals ever competing for anything.



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    Re: Economics and Sports?

    Quote Originally Posted by cyhiphopp View Post
    Who else thinks the MLB should institute a salary cap? I think the monumental differences in the payrolls of the the Yankees and say, the Pirates, is disgusting. Of course, that would mean that my Cubbies might have to cut a little salary too, but I think it would be worth it to prevent spending sprees like the one the Yanks went on this offseason.
    More and more I am leaning towards no cap, but teams that receive revenue sharing should be REQUIRED to spend it on the field and payroll. Too many of the owners pocket it and are perfectly fine with losing...



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    Re: Economics and Sports?

    Quote Originally Posted by BryceC View Post
    I'd like to see exactly how bad it is with the NBA and the NHL right now.
    Bill Simmons had a great article that talked about the NBA situation. Specifically the lack of trading this year because of the salary cap.

    The Sports Guy: Bill Simmons Welcome to the No Benjamins Association - ESPN Page 2



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    Re: Economics and Sports?

    Quote Originally Posted by BryceC View Post
    I think MLB does well with their system, because I think they have a good way to keep the most popular teams at the top. However it really has killed a lot of interest in the sport in small markets. My wife and I are planning a trip to KC to watch the Royals for the first time this summer, and it will be fun but under the current system I have no expectations of the Royals ever competing for anything.
    Do you think the Royals would be able to compete better if their competition was forced to cut some salary? A salary cap would hopefully lead to less over-inflated salaries and smaller budget teams might be able to sign more mid-level players.



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