Question

Why does promotion and relegation system not work for NFL, MLB, NBA and NHL? (Sports Econ)

Why does promotion and relegation system not work for NFL, MLB, NBA and NHL? (Sports Econ)

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer - The system of promotion and relegation would mean the shuffling of position of teams based upon their playing performance. In a certain season , if any team of top interest could not play well , it will be relegated , and the team at bottom could come up. This will lead to the loss of the revenue for the team management . There is danger of losing the profits . The shared revenue between the leagues will reduce and the television revenue will also decrease. This will also lead to the loss of interest of fans in these leagues. Hence the system of promotion and relegation is not adopted.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. Why do NFL, NBA, and NHL teams tend to sell out while MLB teams do...
1. Why do NFL, NBA, and NHL teams tend to sell out while MLB teams do not 2. If P = $150 − 0.005 × Q, what is the equation for total revenue? 3. What is the relationship between market size and win in North American pro sports? Answer this question using both deductive and inductive analysis.
Most major sports organizations (NFL, NBA, NHL, etc.) and the players' unions can be viewed as...
Most major sports organizations (NFL, NBA, NHL, etc.) and the players' unions can be viewed as a bilateral monopolies. In the light of the text discussion and the theory of bilateral monopoly, discuss the situation faced by the team owners and players as to ease of settling salary and salary cap disputes, prospects for the future, etc. 25 points
Discuss some of the reasons why both fans and owners want competitive balance. (econ of sports)
Discuss some of the reasons why both fans and owners want competitive balance. (econ of sports)
Choose one way in which they attempt to alter competitive balance. How and why?(econ of sports)
Choose one way in which they attempt to alter competitive balance. How and why?(econ of sports)
A local sports bar routinely promotes sporting events, such as the Super Bowl, the NCAA Sweet...
A local sports bar routinely promotes sporting events, such as the Super Bowl, the NCAA Sweet Sixteen tournament, the BCS games, the Masters, NBA and NFL playoffs, NHL, baseball, NASCAR, and key curling bonspiels. By keeping records, the owner has determined that when the cover price is $17 the average number of patrons is 210. For every $1 change in cover charge, the number of patrons changes by 11. Assuming a linear demand curve, calculate the maximum willingness to buy...
Economics and Sports Econ 3030 Briefly explain why multiplier-based estimates of the economic impact of mega-sporting...
Economics and Sports Econ 3030 Briefly explain why multiplier-based estimates of the economic impact of mega-sporting events like the Super Bowl are typically overstated. Briefly, what was the economic significance of Marvin Miller?
From time to time you might hear of a player lockout in one of the professional...
From time to time you might hear of a player lockout in one of the professional sports (NFL, NBA, NHL, MLB, etc.), even when that sport is doing well financially. This player lockout is imposed by all owners of the teams in a league when there is disagreement with the player’s union on an impending new collective agreement that will likely not be resolved when the current contract expires. Let’s take a closer look at players’ earnings. A recent Wall...
8. For any given price, how would the following changes impact a team’s revenue? a. Increase...
8. For any given price, how would the following changes impact a team’s revenue? a. Increase in the size of the market b. Building a new stadium c. Decline in the quality of the team’s roster 9. For a typical firm, what is the shape of the marginal cost curve? Why does it have this shape? 10. For a sports team, what might the shape of the marginal cost curve be? Why does it have this shape? 11. What is...
1. Explain why unskilled workers earn little economic rent, while much of a NFL quarterback's salary...
1. Explain why unskilled workers earn little economic rent, while much of a NFL quarterback's salary is rent. 2. Explain why a reduction in welfare benefits for the poor and a tax increase on the wealthy would have different effects on work effort. 3. Explain the costs and benefits to union members of a strike. Does it explain why most union negotiations end without a strike?
Why does adidas have sub-brands like adidas Performance, Sports Style, and NEO?
Why does adidas have sub-brands like adidas Performance, Sports Style, and NEO?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT