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Essay / Research Paper Abstract
This paper evaluates the question of a player’s worth from the perspective that this is a capitalist country and that baseball is big business and it pays its players what it is assumed they are worth. In other words baseball salaries are a product of supply and demand. The very fact that baseball players are paid such tremendously high salaries supports the contention that they are paid what they are worth. The author also looks to the open market to evaluate the price of baseball paraphernalia such as logo clothing and even collector cards in order to substantiate player worth. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: AM2_PPbsblSl.rtf
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Unformatted sample text from the term paper:
Top baseball players, like big name sports figures in general, draw salaries which tend to make the rest of the world stand up and take notice. It is nothing
for a top ranking Major League player to draw a salary in excess of one million dollars a year. Contracted players, of course make more than do noncontracted players
and there is a great deal of variation among salaries in general. The point is, however, that baseball is big business and it pays its players what it is
assumed they are worth. In other words baseball salaries are a product of supply and demand. The very fact that baseball players are paid such tremendously high salaries
supports the contention that they are paid what they are worth. Otherwise they would be fired and new players would be hired at substantially lower salaries. While this
is a simplistic approach to denouncing the opinion that baseball players are paid too much, there are more complex approaches as well. Such approaches look to the open market
to evaluate the price of baseball paraphernalia such as logo clothing and even collector cards to substantiate player worth. Indeed, an effective use of athletic product endorsement and development
of brand image can make or break a product in todays complex economy (Roth, 1995). A considerable portion of baseball salaries comes from
revenue generated from advertising. Much, however, comes out of the pocket of the baseball fan who not only pays premium prices to attend games but also endulges themselves occasionally
with premium priced merchandise sporting the names and images of their favorite players and teams. While it is disturbing to those of us that hear tales of our grandparents attending
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