| A | B |
|---|
| big in big league sports | big money and high skill level |
| NFL teamis financial asset when | team players and staff in town, arena used for other events, other businesses |
| Jerry Maguire | top income producing sports movie |
| sports franchises value increase due to | prestige, power, profitability |
| perk | perquisite |
| perk definition | payoff or profit received in addition to wage |
| political clout | where team owner has persuasive powers |
| pro teams benefit communities | bring heightened emotion and morale to a city |
| teams bring in new jobs | construction, tourism, lawyers,surrounding businesses |
| sociological impact | image enhancement and residential pride |
| the bottom line | winning is everything in sports |
| cartel | combination of independent businesses formed to regulate production, pricing, and marketing of product |
| favorable location for a team | if they have big customer base |
| expansion fee | split between team owners in franchise |
| cost of new team | $450-600 million |
| city that wins the new team has... | better facitilities, offers tax subsidies |
| pro athlete salaries paid by... | ticket sales, broadcasting, and concessions |
| television broadcasting | biggest profit |
| local govt/fans own the team | Green Bay Packers |
| agent | legal rep of celebrity |
| most agents for big celebrities are | attorneys or accountants |
| agent's pay | percentage of celebrity's earnings |
| who gets credit for athlete's high salary? | the agent |
| free agents | athletes that are allowed to play for the highest bidder |
| character development | process of learning correct behavior in different settings |
| NBA annual training program | offers rookies classes on finance, news media, and avoidance of drugs and alcohol |
| Aggression on the field | in not acceptable off the field, fans disapprove |
| handlers | people hired to keep up with the athlete that has acted poorly, unable or unwilling to police himself |
| advisors | financial and business counselors |
| ethics | system of deciding what is right or wrong in a reasoned and impartial manner |
| ethical behavior | based on solid moral principles or high standards in both business and personal life |
