Entertainment and Media: Markets and Economics. Professor William Greene. Entertainment and Media: Markets and Economics. Sports Professor W. Greene. What is the Market?. Major U.S. Leagues Hockey Baseball Football Basketball Major U.S. League: NCAA Basketball and Football Smaller
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Professor William Greene
Professor W. Greene
Team/Principal Owner Value ($M) Income ($M)
New York Rangers/Cablevision Systems $ 272.4 -6.92
Dallas Stars/Thomas Hicks 270.7 5.63
Toronto Maple Leafs/Larry Tanenbaum 263.9 13.84
Philadelphia Flyers/Comcast-Spectacor 252 3.55
Detroit Red Wings/Michael Ilitch 245 -3.7
The reason NFL franchises are valued higher than other sports is because they have the highest national television deal, which brings in about $77 million annually per team.
1.Washington Redskins $952 (mil)
2. Dallas Cowboys $851
3. Houston Texans $791
4. New England Patriots $756
5. Cleveland Browns $695
6. Denver Broncos $683
7. Tampa Bay Buccaneers $671
8. Baltimore Ravens $649
9. Carolina Panthers $642
10.Miami Dolphins $683
Player costs a % of total league revenue
New York Yankees 1996 payroll, $68M, 2004 payroll, $190M
In 2003: NHL, 75%, NFL, 65% of revenues went to players.
*Player’s strike led to cancellation of the World Series
Movie stars, shortstops, late night talk show hosts, perky morning news personalities
Marginal expense on players
Supply of players
Marginal value of players
The source of the Yankees’ $190M payroll – A-Rod Jeter, Giambi, etc.