personal seat licenses, luxury seats, club seating
question
Where does the bulk of the revenue for pro sport come from?
answer
media rights
question
First professional team
answer
1869 Cincinnati Red Stockings
question
First pro sport league
answer
1876 National League
question
What is the only sports league to ban corporate ownership?
answer
NFL
question
In professional sports, the commissioner has discretionary power in which of the following areas:
answer
rule making
approval of player contracts
resolution of disputes between clubs
disciplinary matters between players and clubs
question
Strikes are much more disruptive in pro sports than in mainstream business because:
answer
players have unique talents and cannot be replaced with temporary replacement workers
question
As a general rule, league revenues include which of the following:
answer
national radio contracts
question
The response to an impasse in labor negotiations is usually:
answer
strike/lockout
question
Many individuals in the management of professional sports leagues are not fans of salary caps because they:
answer
ALL OF THESE ARE CORRECT
- often have so many exceptions that they have inevitably created a number of loopholes for those agents and general managers who are creative negotiators and thus, the cap is not creating the parity it was intended to create
- routinely provide teams with spending floors so low-revenue teams are prevented from cutting salaries in order to stay competitive
- routinely force teams to cut veteran players earning higher salaries to get under the ceiling of the cap
question
What league first created the position of commissioner to govern the best interests of the sport?
answer
MLB
question
The NFL Trust is responsible for which of the following activities?
answer
- Distribution of revenue for league properties rights to each club
- Oversight and administration of the league's properties rights
- Ownership of all team logos and trademarks
question
The PGA:
answer
- operates as two divisions
- governs club professionals who serve amateur players
- governs tour professionals
- schedules events such as the PGA Championship Tour
question
Single-entity structure
answer
sham created for the purpose of restraining competition and depressing player salaries
question
Collective-bargaining agreement
answer
once players have unionized pro sport cannot make changes to terms and conditions of employment
question
impasse
answer
breakdown in negotiations, leads to strikes/lockouts
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