Extensions to the Put Option Model
In this chapter, we extend the real options model of player contracts to include three-year contracts. A longer contract adds greater complexity to a salary negotiation, however the model suggests that the option values decline in later years due to highe
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Contract Options for Buyers y and Sellers of Talent in Professional Sports Duane W Rockerbie Stephen T. Easton
Palgrave Pivots in Sports Economics
Series Editors Wladimir Andreff Emeritus Professor University Paris 1 Panthéon-Sorbonne Paris, France Andrew Zimbalist Department of Economics Smith College Northampton, MA, USA
This mid-length monograph series invites contributions between 25,000– 50,000 words in length, and considers the economic analysis of sports from all aspects, including but not limited to: the demand for sports, broadcasting and media, sport and health, mega-events, sports accounting, finance, betting and gambling, sponsorship, regional development, governance, competitive balance, revenue sharing, player unions, pricing and ticketing, regulation and anti-trust, and, globalization. Sports Economics is a rapidly growing field and this series provides an exciting new publication outlet enabling authors to generate reach and impact.
More information about this series at http://www.palgrave.com/gp/series/15189
Duane W Rockerbie · Stephen T. Easton
Contract Options for Buyers and Sellers of Talent in Professional Sports
Duane W Rockerbie Department of Economics University of Lethbridge Lethbridge, AB, Canada
Stephen T. Easton Department of Economics Simon Fraser University Burnaby, BC, Canada
ISSN 2662-6438 ISSN 2662-6446 (electronic) Palgrave Pivots in Sports Economics ISBN 978-3-030-49512-1 ISBN 978-3-030-49513-8 (eBook) https://doi.org/10.1007/978-3-030-49513-8 © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Preface
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