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Small Market
In the terminology of professional sports in North America, teams are often said to be based not in a city but in a media market. The size of the media market is usually a good indication of the potential viability of a major league team. A small market team is likely to struggle to compete financially against teams from larger markets and may therefore also be outbid in the competition for top talent. This has led to calls for revenue sharing, luxury taxes, and / or salary cap In professional sports, a salary cap (or wage cap) is an agreement or rule that places a limit on the amount of money that a team can spend on players' salaries. It exists as a per-player limit or a total limit for the team's roster, or both. Sever ...s in most North American sports leagues in order to ensure competitive balance or parity. See also * List of North American media markets External links Column: "Small Market Mania"by Jonathan Phillips, ''Sports Illustrated'' ''Handbook on the Economics of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Media Market
A media market, broadcast market, media region, designated market area (DMA), television market area, or simply market is a region where the population can receive the same (or similar) television and radio station offerings, and may also include other types of media such as newspapers and internet content. They can coincide or overlap with one or more metropolitan areas, though rural regions with few significant population centers can also be designated as markets. Conversely, very large metropolitan areas can sometimes be subdivided into multiple segments. Market regions may overlap, meaning that people residing on the edge of one media market may be able to receive content from other nearby markets. They are widely used in audience measurements, which are compiled in the United States by Nielsen Media Research. Nielsen measures both television and radio audiences since its acquisition of Arbitron, which was completed in September 2013. Markets are identified by the largest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Major Professional Sports Leagues Of The United States And Canada
Major (commandant in certain jurisdictions) is a military rank of commissioned officer status, with corresponding ranks existing in many military forces throughout the world. When used unhyphenated and in conjunction with no other indicators, major is one rank above captain, and one rank below lieutenant colonel. It is considered the most junior of the field officer ranks. Background Majors are typically assigned as specialised executive or operations officers for battalion-sized units of 300 to 1,200 soldiers while in some nations, like Germany, majors are often in command of a company. When used in hyphenated or combined fashion, the term can also imply seniority at other levels of rank, including ''general-major'' or ''major general'', denoting a low-level general officer, and ''sergeant major'', denoting the most senior non-commissioned officer (NCO) of a military unit. The term ''major'' can also be used with a hyphen to denote the leader of a military band such as i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Revenue Sharing
Revenue sharing is the distribution of revenue, the total amount of income generated by the sale of goods and services among the stakeholders or contributors. It should not be confused with profit shares, in which scheme only the profit is shared, i.e., the revenue left over after costs have been removed, nor with stock shares, which may be bought and sold and whose value may fluctuate. Revenue shares are often used in industries such as game development, wherein a studio lacks sufficient capital or investment to pay upfront, or in instances when a studio or company wishes to share the risks and rewards with its team members. Revenue shares allow the stakeholders to realize returns as soon as revenue is earned before any costs are deducted. Revenue sharing in Internet marketing is also known as cost per sale, in which the cost of advertising is determined by the revenue generated as a result of the advertisement itself. This method accounts for about 80% of affiliate marketing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Tax
A luxury tax is a tax on luxury goods: products not considered essential. A luxury tax may be modeled after a sales tax or VAT, charged as a percentage on all items of particular classes, except that it mainly directly affects the wealthy because the wealthy are the most likely to buy luxuries such as expensive cars, jewelry, etc. It may also be applied only to purchases over a certain amount; for instance, some U.S. states charge luxury tax on real estate transactions over a certain limit. A luxury good may be a Veblen good, which is a type of good for which demand increases as price increases. Therefore, the effect of a luxury tax may be to increase demand for certain luxury goods. In general, however, since a luxury good has a high income elasticity of demand by definition, both the income effect and substitution effect will decrease demand sharply as the tax rises. Theory Luxury tax is based on the concept of positional goods, which are scarce goods whose value arises as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salary Cap
In professional sports, a salary cap (or wage cap) is an agreement or rule that places a limit on the amount of money that a team can spend on players' salaries. It exists as a per-player limit or a total limit for the team's roster, or both. Several sports leagues have implemented salary caps, using them to keep overall costs down, and also to maintain a competitive balance by restricting richer clubs from entrenching dominance by signing many more top players than their rivals. Salary caps can be a major issue in negotiations between league management and players' unions because they limit players' and teams' ability to negotiate higher salaries even if a team is operating at significant profits, and have been the focal point of several strikes by players and lockouts by owners and administrators. Adoption Salary caps are used by the following major sports leagues around the world: * North America ** The National Basketball Association, National Football League, National Hock ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Television Stations In North America By Media Market
These links go to individual lists of television stations by the markets in which they are located. United States Continental States, Alaska, and Hawaii There are 210 Designated Market Areas (DMAs) listed by the 2022–2023 Nielsen rankings. * New York (#1) *Los Angeles (#2) *Chicago (#3) *Philadelphia (#4) * Dallas-Fort Worth (#5) * San Francisco-Oakland-San Jose (#6) *Atlanta (#7) *Houston (#8) * Washington, D.C. (Hagerstown) (#9) * Boston (Manchester) (#10) * Phoenix (Prescott) (#11) * Seattle-Tacoma (#12) * Tampa-St. Petersburg (Sarasota) (#13) * Minneapolis-St. Paul (#14) *Detroit (#15) *Denver (#16) * Orlando-Daytona Beach-Melbourne (#17) * Miami-Fort Lauderdale (#18) * Cleveland-Akron (Canton) (#19) * Sacramento-Stockton-Modesto (#20) *Portland, OR (#21) *Charlotte (#22) * Raleigh-Durham (Fayetteville) (#23) *St. Louis (#24) *Indianapolis (#25) *Pittsburgh (#26) *San Diego (#27) *Baltimore (#28) *Nashville (#29) *Salt Lake City (#30) *San Antonio (#31) * Hartford & ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
