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Sunday, September 9, 2012

How Business is Affecting Sports

Throughout history in sports, it used to be what the team provided as a contract the athlete accepted at no real negotiation holdout or delay. With the business aspect in sports growing and athletes becoming more and more business minded in their respective sports as a whole, today's athletes are changing how business is being conducted. Im interested in becoming a professional team consultant and assist in contract negotiations. Mediation is constantly growing with sporting professionals eager to to come to a finalization without the dramatization placed by players or organizations. It is my goal to provide a service as a mediator to come to terms for both sides were there can be a mutual agreement between professionals.

Thepeoplehistory.com wrote an article titled "Sports the History and Evolution". In this column, the author relates to business in sports started changing the aspect of the actual event relating back to the 1970's. The article also shows how on a collegiate level, counterparts such as: coaches and athletic directors are making just as much money as professionals excluding the actual collegiate players.
For every professional player that leaves college early, who leaves your favorite team for just one million dollar more on their signing bonus changes the aspect of collecting to gaining a dollar.

Dr. Steven Wolfers of Stanford University, wrote an article 'The Business of Sports: Where's the Money?' Based on his research back in 2001, sports grossed over one hundred fifty two billion dollars in one year. Shared between T.V. deals, cable companies, and attendees. With this kind of revenue the business aspect of sports has evolved into today's business.

Prime example, this off season in football, the star player for the New Orleans Saints Quarterback, Drew Brees held out of training camp for an extended contract. He's in his prime as a player after breaking records last year in nearly every passing category for an individual and an offense. His contract totaled one hundred million for remaining of his great career. As a mediator, my services would be to intervene both sides and create an environment that grants all parties to state their concerns and come to a means.

In 1989, Joe Montana, arguably the greatest quarterback of all-time had a historic contract of making three million a year. Times have changed and players have changed their mindset of accepting a dollar to demanding their dollar. Business will continuing to grow and change and as long as we are fortunate to see these athletes participate in sporting events behind close doors we will also have a game in the front office. With an economy on the rise, will create a domino effect to attendees in arenas. Creating larger venues, increasing revenue and players seeking more revenue for their services.