Increase In Ticket Prices And Athlete Salary Essay

Increase in ticket prices and athlete salary has negative effects on sports

Throughout our lives sports have been popular and loved by fans across the world, soon this could be changing. “What was always a business has now become a bigger business, with players’ salaries, franchise values, and stadium costs all shifted by orders of magnitude” (Rosen and Sanderson 47). The increase in ticket prices and athlete salaries has its own positive and negative effects, but as many have seen the negative outweigh the positive.

While the ticket prices for games continue to increase, eventually countless fans will not be able to afford going to games like they have previously. Many people do not realize, but slowly overtime they have been paying more and

Another issue that ties into this is athlete salary being increased. As more athletes get paid more money, eventually they will just play for the contracts, ruining the integrity of the game. The sports labor market is an issue that if it’s not resolved soon,

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it could get out of hand. The amount of money that athletes are getting paid is unheard of. It is more money than any other job has ever seen and makes it a step in the wrong direction for the sports world. The more athletes that see how much money other players are getting, it will make them just chase the money, not to win games or play for their team.

These issues could cause sports to start spiraling in the wrong way and it eventually could get out of hand. If the increase of the prices continues throughout the next few years, it could become a major income crisis for several organizations. Continuing to pay the athletes more and more money every year could eventually get out of hand as well. Although for many it could be a step in the right direction for their business allowing them to make more money then they had in the past. Assuming the issue does not get resolved soon, it could be the downfall of

The first raises concerns about economic difficulties either with the nature of sport industry data or with the estimation of price elasticities of sport tickets”

(Porter and Thomas 697). When owners charge more for the tickets, many people will just buy them either way and they will end up spending more on their athletes. “Even if a buyer is capable of purchasing at a given moment, he or she might choose to wait if he or she expects a better deal later” (Genghis, Wu, and Whinston 187). The increase of athlete salaries and pay has its pros making many players playing much harder making the games much more entertaining.

Higher salaries can attract more talented athletes and make them work harder to maintain their positions on teams and skill. With better plays on the teams, the quality of play and entertainment will improve with it, making the sports more exciting for fans. As more ticket prices increase as well, more revenue is brought in to spend on things such as train aging facilities and the best of the best equipment. The better the facilities the more fans will be attracted to the sport.

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When ticket prices increase and the athletes are paid more, it can attract much