Sports play a big part in our economy today, and really has for years. From all these extravagant sporting events to the top of the line sports stadiums and arenas the government spends a lot of public money to renovate and maintain these facilities. I can relate this to discussion I had in class where we talked about how the Pittsburgh Steelers are looking to add a couple thousand extra seats in their stadium. Now where is that extra money going to come from? Taxpayers is where it's going to come from. Not from the owners pocket, but right out of the citizens of Pittsburgh's pockets. Doesn't seem to fair at all. Some can say that fans are left with the feeling that they are the victims of greed. Player contracts are another part of the effects of our economics with the ridiculous amounts of money these athletes are requesting. Teams have to find a way to pay these players, and the only way to do it is raise the price of ticket sales, merchandise, and food and drinks at the stadiums or arenas. As said in Coakley's text that the economics stakes for athletes and sponsors are higher than ever before. That much is very true, with money being spent on media rights contract,commercial time, licensing fees, and much more. Our economy is definitely taking a hit from sports.
You can check this article in the link below to watch a video about economics in stadiums and there claim to have positive impact on the economy
- http://www.youtube.com/watch?v=ouQJJ4mP4hI
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