Speech: Economic Realities and Legal Issues of Professional Athletes
City University of New York - Baruch College, Zicklin School of Business; Fordham University School of Law
July 30, 2012
DePaul Journal of Sports Law & Contemporary Issues, Vol. 8:2 (2012)
This speech discusses the life and financial status of the typical professional athlete − illustrating how multimillionaire celebrity athletes are the exception to the rule, and how even the wealthiest of professional athletes have made big sacrifices to earn their paychecks. The speech then explains how the U.S. legal system, over the second half of last century, has played an important role in improving the living conditions for professional athletes of all economic statuses. Finally, the speech concludes by discussing how during the past several years there have been some new legal challenges for professional athletes that threaten to reverse the trend of their improving financial conditions.
Number of Pages in PDF File: 10
Keywords: sports, law, economics, athletes, celebrities, antitrust, labor law, collective bargaining, right of publicity, Jeremy Lin, market power, decertification, MLB, NBA, NFL, NHL, NCAA
JEL Classification: D23, D31, D42, D63, H24, J22, J41, J44, J51, K11, K12, K21, K31, l40, l83, l84, Z1Accepted Paper Series
Date posted: July 31, 2012
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