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Pay Dirt: The Business of Professional Team Sports Paperback

ISBN-13: 978-2950516473 ISBN-10: 2950516475 Edition: Upd Sub

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Editorial Reviews

From Publishers Weekly

Books examining the financial aspects of American sports have proliferated recently, but none offers the range and depth of this first volume in a projected two-volume study. Quirk, a retired economics professor at Cal Tech, and Fort, an associate professor of economics at Washington State University, cover professional baseball, football, basketball and hockey in their definitive study. They examine the prices and values of sports franchises; the tax shelters developed by owners; the real and imaginary worth of stadiums and arenas, both publicly and privately owned; the reserve clause, designed to limit players' mobility; the increasing inequity of players' salaries; the attempts to secure and retain competitive balance in various leagues with a view to the maximization of profits; and the establishment of rival leagues ("a very risky business"). In every chapter the authors document their arguments with copious statistics. General readers may find the text more technical than they would like, but this is certainly important reading for anyone engaged in sports at any level. Illustrations.
Copyright 1992 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

From Library Journal

News headlines within the past few months have begun to resemble a "Who's on first?" routine. The commissioners of both major league baseball and the National Hockey League have been forced to resign, the free agency issue has erupted in the National Football League, and a baseball team may leave one Bay Area for another. The authors have combined factual and entertaining anecdotes with economics for an in-depth analysis of the business side of professional sports, past and present. Ranging from an era of risky investments undertaken by team owners before television to the escalating mega-million-dollar franchise costs and player salaries of the 1990s, Pay Dirt scores big with the story behind the complex entrepreneurial side of team sports. Valuable for its historical material and its insight into sports as big business, this book will be a plus for any collection serving sports fans.
- Albert Spencer, Coll. of Education, Univ. of Nevada-Las Vegas
Copyright 1992 Reed Business Information, Inc. --This text refers to an out of print or unavailable edition of this title.

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