(If someone can help on part 2 plz)

there are two years remaining in a sports league's collective bargaining agreement. In the first year of the agreement, a salary cap limits a team's payroll. There is no salary cap in the second year of the agreement.A star quarterback, Josh Jones, is an unrestricted free agent. He wants to sign a two-year contract and will sign with the team that pays him the most over the two years. Normally, a team offers a free agent the same salary in each year of the contract. However, each team could backload the contract to stay within the cap.Each team is trying to decide whether to offer a conventional contract or to backload it to stay under the cap. The payoff associated with each strategy is shown below.

a. (4 pts) Does Miami have a dominant strategy? Explain.

b. (4 pts) Does Columbus have a dominant strategy? Explain.

c. (4 pts) Does a Nash equilibrium exist? If so, what is it?

Part II.

Peoria and Indianapolis are the only two teams in the league. Because Indianapolis is a larger city than Peoria, it tends to generate more revenue at any winning percentage than Peoria.

a. (5 pts)

Draw a graph that shows the equilibrium level of league balance and the equilibrium player salary level. Make sure your graph is properly labeled. (You need only label W* and S* for league balance and salaries, respectively).

Columbus Don't backload contract S20, $14 Backload contract S12, S13 mi Don't backload contract Backload contract $30, S10 S18, S11 es Miami have a dominant strategy? Explain. Columbus Don't backload contract S20, $14 Backload contract S12, S13 mi Don't backload contract Backload contract $30, S10 S18, S11 es Miami have a dominant strategy? Explain