rugby league club was involved in a long term salary-cap breach scandal. "They had a long term system of effectively two sets of books and the elaborate lengths they have gone through to cover this up has been extraordinary‚" said NRL chief David Gallop (2003). It was disclosed that the Storm had been paid $1.7 million to their players for the past five years and including roughly about $700‚000 in year 2010. However‚ this amount was over the salary cap amount‚ and strictly not allowed (NRL‚ 2010)
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Topic: An analysis of the ethics of the Melbourne Storm NRL Club’s salary cap breaches Section 1 The purpose of this essay is to analyse the ethics of the Melbourne Storm NRL Club’s salary breach with reference to the management literature on business ethics. This essay will look at three separate articles discussing business ethics and then link the information found on ethical decision making towards the Melbourne Storm salary breach scandal. The first article will discuss networking and its link
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for outrageously high player salaries. The challenge for team owners is to attract the best talent while balancing their overall investment. The five major sports in the United States – Major League Baseball (MLB)‚ National Football League (NFL)‚ National Basketball Association (NBA)‚ National Hockey League (NHL) and Major League Soccer (MLS) - have differing systems for managing player salaries. No one sport has the perfect model; there are issues with each. Salary caps are agreements or rules put
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There are two types of salary caps a hard cap and a soft cap. A hard cap does not allow a team to exceed the limit for any reason. An example would be the National Football League. A soft cap has exceptions which allow teams to exceed the cap for certain reasons. The National Basketball Association is a league which has a soft cap. I will look at how a hard salary cap would affect parity in Major League Baseball. There would also be a minimum salary limit to keep teams from having low
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Professional Athletes’ Salaries In today’s society‚ the American people can’t get enough of their favorite teams and athletes. Entire cities are infatuated with these teams and as a result‚ people spend much of their time and money watching and rooting‚ hoping for a victory. There is nothing wrong with enjoying and marveling at the talent of these professional athletes‚ but what happens with all these resources that go into the sports? They go straight to the players. Although our society idolizes
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To begin with‚ those athletes with high salaries have some special talent which normal people cannot have in certain areas. Athletes are experts at some specific sports such as basketball‚ football‚ swimming and so on. It is hard for average people to reach that level‚ no matter how hard they try. People who watch the game can obtain happy experiences and enjoyments‚ which may enrich their lives and benefit their health. A number of common people become obsessed with sports and start playing basketball
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Professional athletes are overpaid Specific purpose: To convince my audience not to support and glorify pro athletes. Thesis: Nobody should be paid millions for entertainment while others that do an important job as teachers are underpaid. I. INTRODUCTION: A. Attention material/ Credibility Material: Wouldn’t it be great to make 31.3 million dollars a year and an additional 47 million dollars in endorsements simply to play a game? Michael Jordan‚ along with many other professional athletes thinks
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Should There be a Salary Cap in Football Did you know that Manchester City FC are paying two hundred and two million pounds in player wages this season. Do you the reader think this is fair on other clubs who don’t have the same resources? Do you think this is a shocking amount of money for the services of just twenty five men? If one day a salary cap of forty million pounds was introduced would you agree to it? I know I would. In this persuasive essay I will try to persuade you into agreeing with
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Geiselmann Freshman Composition 28 February 2013 Salary Caps: Financial & Competitive Stabilizers Professional sport leagues have many restrictions within their organization to prevent the downfall of their leagues. There is one restriction in particular which prevents the leagues from financially collapsing. This restriction is known as a salary cap. A salary cap is the amount a team can spend on their player roster and coaching staff. Salary caps help the league maintain an equal competition
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Athlete Salaries The salaries of professional and collegiate athletes have always been a matter of debate. How much or how little athletes are being paid‚ and how it affects the sport‚ has been in countless discussions between players‚ fans‚ reporters‚ agents‚ and sports analysts. Some believe that players don’t deserve huge contracts‚ and most players that have huge contracts are overpaid and it hurts the sport. Then again‚ others feel that players work hard for their contracts and most athletes
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