The assignment focuses on Minimum Wage and Player-Sports Economics assignment. Also, write a short brief (500-750 words) aimed at a general sports audience explaining the potential effects of requiring teams to pay minimum wage.

Minimum Wage and Player-Sports Economics assignment

Sports Economics – Minimum Wage and Player. Recently a variety of developmental sports leagues, including Major Junior Hockey in Canada, and Minor League Baseball in the United States, have challenged to pay athletes at least minimum wage. Firstly, write a short brief (500-750 words) aimed at a general sports audience. Secondly, explaining the potential effects of requiring teams to pay minimum wage. Also, take/defend a position on whether such a requirement would be a positive or negative development, in your opinion. (Not asking you to make an argument on the legality of the issue.). Sports economics links directly to a range of sub-disciplines within the broader economics literature.

Minimum Wage and Player-Sports Economics assignment

In North America, where geographical distance plays a significant role in determining which teams can play against each other on a regular basis, leagues are ‘hermetically sealed’ with no promotion and relegation. Restrictions, such as salary caps and limits on the size of a team’s playing roster, prevent richer teams from hoarding the best talent. Inevitably a substantial literature has evolved, both in terms of how best to measure competitive balance. Unambiguously and its policy implications. The earlier literature had a strong focus on the major North American leagues (baseball, basketball, football and (ice) hockey). This reflected the fact that detailed data sets were readily available, thereby providing a ready-made laboratory for the analysis of economic propositions.

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