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Although such sums may seem paltry by today's standards, their worth should not be underestimated for the time period, especially since the country was in the midst of the throes of company's beginning to shut down factories in earnest and take numerous local jobs overseas.
Additionally, it was Silas's negotiations that were able to alter other means of compensation that the players received which transcended mere salary. The same agreement that he reached enabled players to receive life insurance, as well as medical and dental insurance. Such compensation packages are fairly standard for other occupations. However, at the time that Silas was able to effect this arrangement in the 1970s, it was unheard of for professional basketball players to obtain compensation alternatives to mere salary benefits. The president of the NBPA was also able to increase the per diem rate at which players were compensated in addition to their shares of revenues for both the playoff and All-Star games (Bradley, 2016).
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When LeBron James reaches free agent status on July 1 of this year, one of his first orders of business will be to announce his future home in basketball. One of the top contenders for James is the Philadelphia 76ers—a possibility that has been relatively controversial given the 76ers have been a “laughing stock in the NBA for years,” (Marcin 1). Yet the 76ers have also had an incredible season
NBA Lockout 2011 The National Basketball Association (NBA) locked out NBA Players on July 2011. According to the U.S. Professional Sports Market & Franchise Value Report (12), this situation occurred when the owners and players were not able to create a new collective agreement (CBA) before the expiration of the old CBA (Sheridan). This fourth lockout in the history of the National Basketball Association was 161 days long. It started from
The result is an increasing gap between the richest and poorest teams that would reinforce disparities around and earning power, concentrating productivity into monopolistic dominant teams with a concommitant reduction of competition in play and consumer price. The result is less competition for higher prices and restricted options for most employees. Under a bargaining agreement negotiated with a players' union on the other hand, all employers could offer baseline salaries
Thus, the initial negotiation was not a difficult choice, as Miami had both the lowest opportunity cost and the highest benefits. Later, when Washington re-entered the picture, it was because the league had raised suspicion with respect to the Miami contract with Howard. As a result, the cost-benefit analysis and risk analysis shifted. If Howard went to arbitration against the league, he would risk losing $50-60 million over the length
Sports have graduated in the last half of the twentieth century from hobbies or pastimes into the pure, unadulterated pursuit of profit. In short, shorts have become a commodity to be exploited as far as the market will allow. The history of American sports has seen this process play out in a stepwise fashion; every several years developments come about that enable the enterprise to expand and increase profits. The
The fact that there was need for stiffened penalties shows how the players could have been using hard drugs or human growth hormones to enhance their performance. On the other hand, it seems like most of the players were being punished without substantial evidence which lay on the line their careers hence thought it best to include a neutral panel of experts to clarify matters. Resolving the dispute The dispute was however