How have economic issues changed in professional sports in the era of television?How have economic issues changed in professional sports in the era of television?

Expert Answers
wannam eNotes educator| Certified Educator
Television has changed sports in a number of ways. Of course, advertising is the most obvious. Players can be seen wearing Nike arm guards during the football game or the latest tennis shoes during the basketball game. Kids want the same sports gear they see the professionals wearing so advertisers are willing to pay big bucks. More and more people are watching celebrities private lives on tv. These same advertisers who are so eager to sponsor the big players are also quick to include new morals clauses. For example, would the situation with Tiger Woods really have been such a big deal if sponsors didn't have billions invested in his clean image. Then that image is being shattered on every tv channel and even the major news networks.
pohnpei397 eNotes educator| Certified Educator

I think the major change is that the owners no longer have the same kind of control over the players that they used to.  There were fewer economic issues back in the days when owners could simply dictate what salaries players would get.

Another major change is the way that franchises can now hold cities hostage and extort concessions from them.  There is this sense that cities need to compete to get the privilege of having sports teams.  This comes, I think, from all the TV revenue that makes the owners think that they and their teams are indispensable.

coachingcorner eNotes educator| Certified Educator

Many critics have commented on the fact that advertising revenue during premium sporting event ad breaks seems to be recession-proof! Many companies vie with each other to compete for the top 30 second slots, often for hundreds of thousands of dollars. This may change in the future however with the advent of social media such as Facebook and even YouTube and Broadcast-Yourself T.V. A new system of charging may have to be worked out.Hopefully, advertising will still be restricted to socially responsible products to protect the young and impressionable.

accessteacher eNotes educator| Certified Educator

Advertising is a massive issue that cannot be overlooked. The search for companies that are willing to sponsor teams for to have them advertise their product and the subsequent desire of teams to get "big name" players who can attract such deals is an important aspect of sporting today.

litteacher8 eNotes educator| Certified Educator
Sports are worth even more now that they are televised. There are also more sports that are profitble mow, because twenty four hour sports channels mean a lot of time to fill up with sports. You can now watch just about any sport on television. All of those bring in profits.