Sample Essay on:
Econometrics and the Salaries of the National Football League

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Essay / Research Paper Abstract

This 10 page report discusses the top-ten salaries of National Football League quarterbacks and then considers the ways in which they represent some of the most fundamental econometrics of the NFL. Bibliography lists 4 sources.

Page Count:

10 pages (~225 words per page)

File: D0_BWnfleco.rtf

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Unformatted sample text from the term paper:

sports. From the inclusion of minority players to the development and use of technology in the equipment, field, and broadcasting of sports, many games would seem almost completely alien to the players of the game only three or four decades ago. Football, however, has probably seen the greatest number of changes, not the least of which is the salaries of National Football League players. As the student researches the NFL and applies various econometric considerations to the salaries earned by NFL players, coaches, and even the profit and loss margins of the teams owners, he or she is likely to see that it is possible to consider professional football as a labor market. It is a labor marker with truly unique characteristics and in which salaries are decided by and related to owner rents, and how the experience and marketability of the individual "worker" can make changes in the distributions of rents between those workers and the owners of the workplace or organization. The student is also likely to discover that in an empirical analysis of the National Football League, the workers salaries (that seem astronomical to workers in other endeavors) are not necessarily unjustified. Working from the basic assumption that any competitive organization seeks to maximize its profits, it should be understood that one way it will do that is through its economic "inputs." The organization will add those inputs at whatever cost, just as long as the income generated by the input is greater than the expense of that input. In other words, the team management and owners will pay exorbitant salaries because they know they can expect even more exorbitant returns! Economics of Football in America The student working on this project is likely to already understand that modern American football, just ...

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