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Greed In The Sports Industry Essay

822 Words4 Pages

Greed negatively affects the sports industry through ticket prices, merchandise, and salaries. Most people think that, in sports, the main motivation is to win, but it truly is money. Money to participate, money to watch, money for stadiums, and money to represent their favorite team. The sports industry has gone from the love of sports to the love of money. One of the main problems in the sports industry in the rising cost of tickets. Over the last decade, the attendance at sports competitions has greatly decreased due to the cost of tickets. Stadium owners want to increase the price of tickets to increase their amount of revenue. On average for a family of four to attend a New York Knicks the total cost would be 608.78 dollars, and for …show more content…

In Cincinnati, when the Bengals made the playoffs, the club management shot a video with several players begging fans to buy tickets. One former player, made a millionaire by the fans, said he would buy the 8,000 unsold tickets, but this turned out to be merely boasting that he was rich enough to do it. He was actually only joking. (“The Washington Times, LLC”). This example shows how the players do not truly care for the fans, and that he players just want the fans at their game for their money. Not only has the price of tickets increased but also the price of …show more content…

Professional athlete’s salaries almost triple the amount of money that doctors, firefighters, police officers, and the president of the United States makes yearly. Athletes are offered millions of dollars to throw a ball, shoot a ball, or tackle each other for entertainment, and are also offered millions of dollars to represent certain companies such as Nike or Adidas. Players get very greedy with their contracts, and think that they are worth more than they actually are. For example New York Mets’ catcher, Mike Piazza signed a

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