Answer the following questions as completely as possible. 12.) In class we discussed factors to consider when evaluating the (default) risk for professional sport teams, noting that, much like bonds and securities, we could attach ratings commensurate with risk (e.g., AAA, BB, B, etc.). What criteria might we use to evaluate risk in professional sport teams? More specifically, which league carries the least risk, and why? Within a given league, how do we assess risk? Explain. 13.) Let's assume that a National Football League general manager signs a player to a 5-year/$120M non-guaranteed contract that includes a signing bonus of $60M paid upfront to the player in 2015, with the base salary in even increments over the life of the deal. Complete the table below and use it to explain why the structure of this contract is a risky endeavor for NFL front offices. Year Salary if Cap Hit if Kept Owed Salary if Cap Hit if Cut Kept Cut 2015 2016 2017 2018 2019 Answer the following questions as completely as possible. 12.) In class we discussed factors to consider when evaluating the (default) risk for professional sport teams, noting that, much like bonds and securities, we could attach ratings commensurate with risk (e.g., AAA, BB, B, etc.). What criteria might we use to evaluate risk in professional sport teams? More specifically, which league carries the least risk, and why? Within a given league, how do we assess risk? Explain. 13.) Let's assume that a National Football League general manager signs a player to a 5-year/$120M non-guaranteed contract that includes a signing bonus of $60M paid upfront to the player in 2015, with the base salary in even increments over the life of the deal. Complete the table below and use it to explain why the structure of this contract is a risky endeavor for NFL front offices. Year Salary if Cap Hit if Kept Owed Salary if Cap Hit if Cut Kept Cut 2015 2016 2017 2018 2019