Hump Day
Thursdays and Fridays I have a little job for which I'm paid. Employment these days is a good thing even if it doesn't pay all the bills. If it contributes to paying down fixed costs after covering marginal costs the only thing to worry about are the opportunity costs. In other words unless you have something better to do you should go to work.
The NBA season seems to be in doubt. I have not missed them, although being in Miami I guess we have more to lose than some of the other places where basketball is played. I follow sports on the radio and I'm not sure which of the parties I have any sympathy for.
Will the players be hurt by the lockout. The answer is a definite yes. However I'm struck by the image of Michael Jordan as one of the hardline owners who think the players are not worth 60, 50, 49, or 47% of the revenue generated by playing games. There is something wrong with this picture.
I thin the issue is simply for some owners they lose less money by not playing basketball than they would if the season started. And not surprisingly if they have some other revenue stream they can afford to sit the situation out.
This points to some really big issues in the business of sports these days and one of the biggest issues of the big issues is the monopololistic nature of the business.
The only competition to the NBA on TV is College Basketball and we know how important sudent atheletes are to this situation. Oh well, the Marlins have a new stadium paid for mostly by the taxpayers of Miami Dade County.
What will happen during the next labor negotiations in baseball.
The NBA season seems to be in doubt. I have not missed them, although being in Miami I guess we have more to lose than some of the other places where basketball is played. I follow sports on the radio and I'm not sure which of the parties I have any sympathy for.
Will the players be hurt by the lockout. The answer is a definite yes. However I'm struck by the image of Michael Jordan as one of the hardline owners who think the players are not worth 60, 50, 49, or 47% of the revenue generated by playing games. There is something wrong with this picture.
I thin the issue is simply for some owners they lose less money by not playing basketball than they would if the season started. And not surprisingly if they have some other revenue stream they can afford to sit the situation out.
This points to some really big issues in the business of sports these days and one of the biggest issues of the big issues is the monopololistic nature of the business.
The only competition to the NBA on TV is College Basketball and we know how important sudent atheletes are to this situation. Oh well, the Marlins have a new stadium paid for mostly by the taxpayers of Miami Dade County.
What will happen during the next labor negotiations in baseball.
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