Name ________________________________ Date _________________________ Period ____
Chapter 5 Real-Life Case Study Activity Are Professional Athletes Overpaid??? Focus: Free agency has significantly increased the earnings potential of professional
athletes; at the same time, however, such high salaries have led to increases in ticket prices and the perception that the best teams will always be those with the most money.
Introduction: Do you believe that current salaries for professional athletes are
justified on the basis of supply and demand, and why/ why not?
Now discuss whether salaries should be based instead on the importance of the job to society?
Next, read page 121 from your textbook (see attached copy). After reading the article, answer the two questions following the reading. Please answer completely and word-process your responses.
Now, select six (6)professional athletes, no more than two from the same professional sport. Find out the current salary of each athlete and that athlete’s salary over the past two (2) OR next two (2) seasons at the professional/ “major league” level. [Do not include income from endorsements, USE BASE SALARY]. Use the following websites or your own to assist you.
Make an Excel spreadsheet using all of your data. Analyze the data…are there any trends? Why might an athlete’s salary decrease the following season?, etc. Major League Baseball: http://content.usatoday.com/sportsdata/baseball/mlb/salaries/team National Football League: http://content.usatoday.com/sportsdata/football/nfl/salaries/team National Basketball Association: http://www.spotrac.com/nba/ OR
http://data.shamsports.com/content/pages/data/salaries/index.jsp National Hockey League: http://www.usatoday.com/sports/nhl/salaries/ (For player or team information, use the drop down menu on the upper right side)
Now, select four (4) professional teams, no more than two from the same professional sport. Find out:
beers; four hot dogs; two game programs; parking; and two adult-size caps.
Use this information to make an Excel spreadsheet for current prices for each of the above items. Analyze the data…are there any trends? Why might a team’s average ticket price be higher than other teams? Does location of the team matter? Does the size (seating capacity) of the stadium/ arena matter? Does length of season matter?, etc.
Next, find the TOTAL HOME ATTENDANCE figures of eight (8) professional teams over the last four (4) seasons, for which data is available, only two teams from the same professional sport. Use the following websites to assist you or your own websites.
Create another Excel spreadsheet AND graph (Excel or Word). Do a separate graph for each team. Analyze the data…are there any trends? Why might a one team’s attendance total be more in one sport than another? Does the size (seating capacity) of the stadium/ arena matter? Does length of season matter?, etc. Major League Baseball:
http://sports.espn.go.com/mlb/attendance National Football League:
http://sports.espn.go.com/nfl/attendance National Basketball Association:
http://sports.espn.go.com/nba/attendance National Hockey League: