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
Date Written: July 30, 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.
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: Suggested Citation