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Item Details
Title: PAY DIRT
BUSINESS OF PROFESSIONAL TEAM SPORTS
By: James P. Quirk, Rodney D. Fort
Format: Hardback

List price: £49.00


We currently do not stock this item, please contact the publisher directly for further information.

ISBN 10: 0691042551
ISBN 13: 9780691042558
Publisher: PRINCETON UNIVERSITY PRESS
Pub. date: 7 December, 1992
Pages: 564
Description: Blending anecdotes with economic analysis, this study leads readers through the increasingly complex labyrinth of the professional sports industry. It demonstrates how decisions made in the executive offices of sports franchises can influence what happens on the playing field.
Synopsis: Why would a Japanese millionaire want to buy the Seattle Mariners baseball team, when he has admitted that he has never played in or even seen a baseball game? Cash is the answer: major league baseball, like professional football, basketball, and hockey, is now big business with the potential to bring millions of dollars in profits to owners. Not very long ago, however, buying a sports franchise was a hazardous investment risked only by die-hard fans wealthy enough to lose parts of fortunes made in other businesses. What forces have changed team ownership from sports-fan folly to big-business savvy? Why has The Wall Street Journal become popular reading in pro sports locker rooms? And why are sports pages now dominated by economic clashes between owners and players, cities with franchises and cities lacking franchises, leagues and players' unions, and team lawyers and players' lawyers? In answering these questions, James Quirk and Rodney Fort have written the most complete book on the business and economics of professional sports, past and present. Pay Dirt offers a wealth of information and analysis on the reserve clause, salary determination, competitive balance in sports leagues, the market for franchises, tax sheltering, arenas and stadiums, and rival leagues. The authors present an abundance of historical material, much of it new, including team ownership histories and data on attendance, TV revenue, stadium and arena contracts, and revenues and costs. League histories, team statistics, stories about players and owners, and sports lore of all kinds embellish the work. Quirk and Fort are writing for anyone interested in sports in the 1990s: players, players' agents, generalmanagers, sportswriters, and, most of all, sports fans.
Illustrations: 24 half-tones, 33 line drawings
Publication: US
Imprint: Princeton University Press
Returns: Non-returnable
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