INTRO TO SPORTS BUSINESS EXAM 1
QUESTIONS AND ANSWERS 100%
CORRECT
What is Sport? (the five components) - ANSWER-1. playlike in nature
2. competitive
3. based on physical prowess
4. involve elements of skill, strategy, and chance
5. have an outcome that is not predetermined
Three ways to conceptualize sport - ANSWER-1. types of sports
2. settings in which sports are found
3. sport industry segments
Professional Sport Definition - ANSWER-any sport activity or skill for which the athlete
is compensated.
3 principles form pro-sport industry - ANSWER-1. labor (athletes, equip. staff)
2. management (owner, president, head coach)
3. governance (committees and layers of governance)
Pro Sports 4 Primary Revenue Sources - ANSWER--Media Contracts
-Gate Receipts
-Licensing and Merchandising
-Sponsorship
what league relies most on gate receipts? - ANSWER-MLB
4 aspects of pro sport that distinguish it from other industries - ANSWER-1.
Interdependence (the need to compete against each other)
2. Structure and Governance (commissioners like the first MLB commissioner
Kennesaw Mountain)
3. Labor Management Relations (amateur player drafts, free agency rules, and salary
caps)
4. The role and importance of media
when did free agency rules start in pro sports? - ANSWER-1970s/80s
What league participates in revenue sharing? - ANSWER-NFL
What is the most capitalistic league of the four most popular men's team sports? -
ANSWER-MLB
, Salary Caps for Professional Leagues - ANSWER-NFL- hard cap
NHL- hard cap
NBA- soft cap
MLB- no cap
What professional league has the highest average player salaries? - ANSWER-NBA
What professional league(s) have the lowest average player salaries? - ANSWER-NFL
and NHL
Major League Baseball Associations - ANSWER--longest history of labor organization
-John Montgomery Ward founded the first baseball players' union in 1885
-MLB Players Association founded in 1967
What is the mission of a player's association? - ANSWER-to protect the rights of
players, represent players regarding wages hours and working conditions, and deal with
things like insurance benefits retirement and charitable opportunities
NBA all stars began organizing into what became the National Basketball Players
Association in... - ANSWER-1954
NFL players organize National Football League Players Association in... - ANSWER-
1956
National Hockey League Players Association founded in... - ANSWER-1967
Who is Joe Namath? - ANSWER-an NFL player who had an upset victory for the Jets
over the Colts in Super Bowl III
- this was the reason why the NFL replaced the MLB as the US most popular pro sport
team league
- was marketed as "Broadway Joe" towards women
History of MLB - ANSWER--longest history of any pro sport in america
-first club in 1869
-national league in 1876
-American league in 1901
-currently 30 teams total
- no salary cap (NY Mets have player payroll of $306M)
History of NFL - ANSWER-- American Professional Football Association in 1920
-struggled and was not popular until TV in the late 50s
- American Football League (AFL) in 1960
- Full NFL-AFL (soon renamed NFC and AFC conferences) in 1970
QUESTIONS AND ANSWERS 100%
CORRECT
What is Sport? (the five components) - ANSWER-1. playlike in nature
2. competitive
3. based on physical prowess
4. involve elements of skill, strategy, and chance
5. have an outcome that is not predetermined
Three ways to conceptualize sport - ANSWER-1. types of sports
2. settings in which sports are found
3. sport industry segments
Professional Sport Definition - ANSWER-any sport activity or skill for which the athlete
is compensated.
3 principles form pro-sport industry - ANSWER-1. labor (athletes, equip. staff)
2. management (owner, president, head coach)
3. governance (committees and layers of governance)
Pro Sports 4 Primary Revenue Sources - ANSWER--Media Contracts
-Gate Receipts
-Licensing and Merchandising
-Sponsorship
what league relies most on gate receipts? - ANSWER-MLB
4 aspects of pro sport that distinguish it from other industries - ANSWER-1.
Interdependence (the need to compete against each other)
2. Structure and Governance (commissioners like the first MLB commissioner
Kennesaw Mountain)
3. Labor Management Relations (amateur player drafts, free agency rules, and salary
caps)
4. The role and importance of media
when did free agency rules start in pro sports? - ANSWER-1970s/80s
What league participates in revenue sharing? - ANSWER-NFL
What is the most capitalistic league of the four most popular men's team sports? -
ANSWER-MLB
, Salary Caps for Professional Leagues - ANSWER-NFL- hard cap
NHL- hard cap
NBA- soft cap
MLB- no cap
What professional league has the highest average player salaries? - ANSWER-NBA
What professional league(s) have the lowest average player salaries? - ANSWER-NFL
and NHL
Major League Baseball Associations - ANSWER--longest history of labor organization
-John Montgomery Ward founded the first baseball players' union in 1885
-MLB Players Association founded in 1967
What is the mission of a player's association? - ANSWER-to protect the rights of
players, represent players regarding wages hours and working conditions, and deal with
things like insurance benefits retirement and charitable opportunities
NBA all stars began organizing into what became the National Basketball Players
Association in... - ANSWER-1954
NFL players organize National Football League Players Association in... - ANSWER-
1956
National Hockey League Players Association founded in... - ANSWER-1967
Who is Joe Namath? - ANSWER-an NFL player who had an upset victory for the Jets
over the Colts in Super Bowl III
- this was the reason why the NFL replaced the MLB as the US most popular pro sport
team league
- was marketed as "Broadway Joe" towards women
History of MLB - ANSWER--longest history of any pro sport in america
-first club in 1869
-national league in 1876
-American league in 1901
-currently 30 teams total
- no salary cap (NY Mets have player payroll of $306M)
History of NFL - ANSWER-- American Professional Football Association in 1920
-struggled and was not popular until TV in the late 50s
- American Football League (AFL) in 1960
- Full NFL-AFL (soon renamed NFC and AFC conferences) in 1970
