Sports and money
Sports and moneyAnywhere you look today you can see Mark McGwire hitting a home run, or Kobe Bryant dunking over someone. Every time someone watches television or reads a newspaper these, and many other, athletes can be found. Professional sports are all around us; they’re a part of our culture. But, in the last few decades some changes have started to take place. As the popularity of professional athletics has increased, so has the cost to render them and their players’ salaries. Many of the contracts signed today are for millions of dollars. This is unreasonably exorbitant for doing something gaiety. These days sports are centered around money and not focused on the love for the game and entertaining the fans.
Some economists argue the point that major league sports, their products, players, and stadiums endow millions of dollars to our economy. This is true, but the “fine print” that goes along with it is often overlooked. Stadiums, for example, cost millions of dollars to build, maintain, etc. The funds to do this are provided by the tax paying citizens of that city. Many teams then, in return, relocate to other cities in search of more money and better facilities. This is no way to reward fans for years of loyal support. There are...
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