Thursday, December 2, 2010

Power in Sports Back at Work

Today's blog serves the purpose of pointing out the power that is shown by athletes in professional sports. The best example of player's power in the sports industry perhaps is being shown by prominent Yankee, and face of the franchise, Derek Jeter. The issue at hand is contract negotiations. The Yankees are offering Derek Jeter a contract of about 3 years $45 million, which would be $15 million a year. Derek Jeter, an aging shortstop, is requesting a long-term deal that would assure him about 4-5 years at about $23 million per year. This has become an issue because Derek Jeter, being a long-time captain, as well as face of the franchise for over 10 years, has threatened to test the free agent waters in search for more money, if a deal can't be agreed upon. This shows the power of the players in the modern era, where they virtually have total control over their organization by threatening to leave and play elsewhere if they are not being payed how they would like to be payed.