Assessing the Efficiency of Local Entities in the Provision of Public Sports Facilities

Daniel Rascher () and Timothy DeSchriver ()
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Timothy DeSchriver: University of Delaware

International Journal of Sport Finance, 2012, vol. 7, issue 2, 176-208

Abstract: In late 2011, at a time when other leagues such as the National Football League and the National Basketball Association had engaged in work stoppages, Major League Baseball owners and the MLB Players Association harmoniously agreed on a new five-year collective bargaining agreement. This article focuses on the reasons why MLB as an industry has maintained labor peace after decades of work stoppages. The primary aspects of the new MLB CBA, such as changes to the revenue sharing system, competitive balance tax, salary arbitration, and the amateur draft are addressed. The manner in which these economic mechanisms affect areas such as competitive balance will be analyzed. Lastly, a comparison was undertaken of the collective bargaining environment in MLB versus other professional sports leagues and other non-sports industries.

Keywords: Major League Baseball; collective bargaining; revenue sharing; free agency (search for similar items in EconPapers)
JEL-codes: L83 (search for similar items in EconPapers)
Date: 2012
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International Journal of Sport Finance is currently edited by Arne Feddersen, Babatunde Buraimo, Joachim Prinz and Jane Ruseski

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