Speech: Economic Realities and Legal Issues of Professional Athletes

DePaul Journal of Sports Law & Contemporary Issues, Vol. 8:2 (2012)

10 Pages Posted: 31 Jul 2012  

Marc Edelman

City University of New York - Baruch College, Zicklin School of Business; Fordham University School of Law

Date Written: July 30, 2012

Abstract

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.

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, Z1

Suggested Citation

Edelman, Marc, Speech: Economic Realities and Legal Issues of Professional Athletes (July 30, 2012). DePaul Journal of Sports Law & Contemporary Issues, Vol. 8:2 (2012). Available at SSRN: https://ssrn.com/abstract=2120276

Marc Edelman (Contact Author)

City University of New York - Baruch College, Zicklin School of Business ( email )

One Bernard Baruch Way
Box B9-220
New York, NY 10010
United States

Fordham University School of Law ( email )

140 West 62nd Street
New York, NY 10023
United States

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