Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

part 1 Questions and Prompts: Directions: Examine and analyze the article, If You Build It, They Might Not Come: The Risky Economics of Sports Stadiums

part 1

Questions and Prompts:

Directions:

  1. Examine and analyze the article, If You Build It, They Might Not Come: The Risky Economics of Sports Stadiums. Consider its relation to the risky economics of sports stadiums in today's sport industry, specifically with the Phoenix Coyotes in the NHL. Before reading, what was your perception of financing sports facilities today?
  2. After reading please focus on the questions in relation to the financing of sports facilities in today's industry.
  3. What's your assessment of the lesson of public debt and defeat in relation to the financing of a sports facility with the Phoenix Coyotes?
  4. In your viewpoint, how does this economic situation directly impact the rest of the NHL and the financing of future sports facilities?
  5. What's the importance of public versus private funding as it relates to the financing of sports stadiums today?

part 2

Directions:

  1. Examine and analyze the article,If You Build It, They Might Not Come:The Risky Economics of Sports Stadiums.Consider its relation to the risky economics of sports stadiums in today's sport industry, specifically with the Phoenix Coyotes in the NHL.Before reading, what was your perception of financing sports facilities today?
  2. After reading, please focus on the questions in relation to the financing of sports facilities in today's industry.
  3. What's your assessment of the lesson of public debt and defeat in relation to the financing of a sports facility with the Phoenix Coyotes?
  4. In your viewpoint, how does this economic situation directly impact the rest of the NHL and the financing of future sports facilities?
  5. In response to your peers, discuss the importance of public versus private funding as it relates to the financing of sports stadiums today.

part 3

Directions:

  1. Examine and review player salaries from the 'Big Four' major sports today, i.e. NFL, NHL, NBA and MLB using theSpotracwebsite.
  2. Who is currently the highest paid player in each of the respective sport leagues?What is his/her salary and how does this impact the team and league as whole?What is the salary breakdown (i.e. four years, five, etc.) and how much of the salary is guaranteed? What are some incentives within the contract?
  3. Lastly, in looking at these league salaries, which league surprised you most about average league spending and salaries with its players? How many teams are over/under spending, in your viewpoint?
  4. Respond to your peers by extending the conversation, as you would in a face to face environment.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A Course In Environmental Economics

Authors: Daniel J Phaneuf, Till Requate

1st Edition

1316866815, 9781316866818

More Books

Students also viewed these Economics questions