What financial role do media rights play at NCAA Division IPower Five institutions? How does this compare to Division IMid-Major institutions?

SHORT ANSWER (50 POINTS) - According to the text, in team sport (professional or college), which form of budgeting should be used? What are two of the benefits the authors claim make this budgeting form the best choice? - What are the differences between budgeting and forecasting from a management perspective? - There are a number of ways a stadium or arena can be built without putting too much financial burden on a local government. What would the most burdensome option be? What would a middle-ground choice be? What would the least burdensome option be? - What factor or variable is the most important in forecasting market demand for a new MLB stadium? Provide evidence for your answer. - In measuring the economic impact of a sport team, is it correct to count both the spending by fans inside the stadium and the spending by the team (in running its operations) in the community? Explain your answer. - Name and explain two causes of overestimating the economic impact of sport event, and two causes of underestimating the economic impact of a sport event. How can sport managers and government employees avoid both overestimating and underestimating EIA? Why is this important? - There are at least seven ways moneys flow from the NCAA to its Division I member institutions. Name and explain the three you consider most important. - What financial role do media rights play at NCAA Division I-Power Five institutions? How does this compare to Division I-Mid-Major institutions? - Explain the concept of competitive balance. How have leagues attentpted to achieve competitive balance? - List and describe three of the most important revenue sources for professional sport leagues. In what ways do you think these revenue sources will change in importance in the future