7.) In class, we talked about the idea that, in most cases, star players find their way to large market teams because they have more value to teams in larger markets. An example of this is when Shaquille O'Neal was a free agent and signed with the Los Angeles Lakers, who were willing to give him a historically large contract, while the smaller market Orlando Magic were unwilling to meets these demands. This concept is known as a.) Reserve clause b.) Invariance principle above c.) Monopsony d.) None of the 8.) (True or False). When rivals leagues are created, it typically has the effect of increasing player salary because it provides an additional bidder for player services. a.) True b.) False Part II: NFL Salary Cap Calculations (5 Questions: 34 points) 9.) In 2018, the New York Jets signed RB Isaiah Crowell to a 3-year/S12M contract. The contract contained a $3M signing bonus with an annual base salary of SIM in 2018 and $4M salaries in both 2019 and 2020 (12 points). a.) What is the team's cap hit for Crowell's contract in each season (2018-2020)? b.) Assume the team cuts Crowell prior to the 2020 season. What will the cap hit be on his contract for that season? 10.) Prior to the 2015 season the New Orleans Saints restructured Quarterback Drew Brees' contract, converting $5.2M of his $19M base salary into a signing bonus. The contract-originally signed in 2012-runs through the end of the 2016 season. Prior to the restructure the cap hit on Brees for 2015 was $26.4M. What is it now (10 points)