Salaries have risen dramatically in the NBA because of the dramatic rise in the quality of...

Salaries have risen dramatically in the NBA because of the dramatic rise in

		the quality of the players.
		the strength of the Players’ Association.
		the opportunity cost faced by players.
		the market value of the product the players produce.

Expert Solution

National basketball association

Salaries have risen dramatically in NBA because of the dramatic rise in the strength and talent of the players association. In the history of NBA there has always been an increase in salaries except in the year 2002 and 2009. But there is a biggest jump in the salary of the NBA players in the year 2015. The increase in salary went from $70 million to $94.1 million. The increase is salary was basically due to the TV deal signed in 2014 by NBA. Due to this reason there are maximum contracts signed by the team who fit and talented players. In comparison to the other teams like NFL and MLB, the average salary per player of NBA is at least $20 million, where as for MLB it is $4.52 million and NFL is $5.75 million.

Since there will be no more TV deals in the next few years, the salary is not likely to get up again. The players of NBA are losing loyalty and are not committed to their team any more because the mid tier players are getting g maximum contracts.

Rahul Sunny answered 1 year ago

Describe the dramatic increase in the rate of obesity and explain why it increased so dramatically....

Describe the dramatic increase in the rate of obesity and explain why it increased so dramatically. What is the significance of sugar, fat, and salt? How can their significance be applied to the food industry and its customers/consumers? Describe in detail the chemically altered process that occurs in the brain when people eat foods that are high in sugar, fat, and salt. Include relevant concepts, their corresponding definitions, and the relationships between them in your explanation

The popularity of online auction websites has risen dramatically as many shoppers choose to shop online...

The popularity of online auction websites has risen dramatically as many shoppers choose to shop online instead of at retail stores. The data provided describe the sale prices of the video game Mario Kart Wii on one such online auction site during the month of October in 2009.The variables included in this data set are: the duration of the auction in days, the number of bids placed on the Mario Kart game, whether or not the auction's picture used a...

Recently Bitcoin has risen dramatically in price. Some economists believe that Bitcoin and other digital/cryptocurrencies are...

Recently Bitcoin has risen dramatically in price. Some economists believe that Bitcoin and other digital/cryptocurrencies are merely a ‘fad’. Other economists and investors believe digital and cryptocurrencies will replace government issued currencies. Discuss digital and cryptocurrencies. What are they? Why are they becoming popular? What is causing the rapid increase in their popularity and the dramatic increase in the trading price of Bitcoin and other cryptocurrencies?

Why have quality improvements in health care caused costs to rise while quality improvements in computers...

Why have quality improvements in health care caused costs to rise while quality improvements in computers have caused costs to fall?

The NBA forced Donald Sterling to sell his stake in the Los Angeles Clippers because he...

The NBA forced Donald Sterling to sell his stake in the Los Angeles Clippers because he made disparaging remarks about blacks, but the NFL still has a team called the Redskins. Did the NBA go too far, or has the NFL not gone far enough in combatting discrimination?

Suppose because of the global Corona pandemic, the US and UK budget deficits increased dramatically. Since...

Suppose because of the global Corona pandemic, the US and UK budget deficits increased dramatically. Since developed countries are the leading suppliers of funds to the world financial; markets, explain, using the supply and demand analytical framework, what would likely happen to world interest rates after the pandemic.

Private businesses have a great interest in quality primary and secondary education because today’s students are...

Private businesses have a great interest in quality primary and secondary education because today’s students are tomorrow’s employees. However, private businesses make limited financial contributions to this sector of education (excluding the taxes they pay to public school systems), even to market-oriented programs like vouchers and charter schools. (1) What do you suppose explains this low contribution level? (2) The limited contribution from the private sector may not be the only reason for governmental provision of primary and secondary education;...

1. If the Consumer Price Index is 125, then prices have a. risen 25 percent in...

1. If the Consumer Price Index is 125, then prices have a. risen 25 percent in the last year. b. risen 25 percent since the base year. c. declined 75 percent since the base year. 2. In the economy of Talikastan in 2015, consumption was $5300, GDP was $8800, government purchases were $1800, imports were $600, and investment was $2000. What were Talikastan’s exports in 2015? (Hint: Use the formula: GDP = C + I + G + X -...

"Companies should focus on financial measures of quality because these are the only measures of quality...

"Companies should focus on financial measures of quality because these are the only measures of quality that can be linked to bottom-line performance." Do you agree? Explain with the use of at least two appropriate examples.

Eicosanoids are paracrine hormones that have a variety of dramatic effects on vertebrate tissues. There are...

Eicosanoids are paracrine hormones that have a variety of dramatic effects on vertebrate tissues. There are three classes of eicosanoids. Define each of these classes and elaborate on their functions. What are NSAIDs and what is the basis behind NSAIDs function? Three classes of eicosanoids: prostaglandins, thromboxanes, and leukotrienes.

Question