Economics of Sports Vocab

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Across
  1. 7. worker organizations that negotiate with employers to improve pay and working conditions
  2. 9. one party is restricted from buying, selling or otherwise partnering with other parties than the one on the other side of the contract
  3. 10. a player that has no restrictions and is avaible to be signed to any team
  4. 13. the demand for a product exceeds the avaible supply
  5. 14. being allowed to exceed the cap in order to retain the rights to a player who was already on the team
  6. 15. to refuse to play because of disagreements with employement, managemnet, coaching, etc.
  7. 17. shutdown of a professional sports league by team owners
  8. 18. a period of time in the offseason where teams can sign or realse players from their roseter
  9. 21. union for prefessional basketball players in the NBA
  10. 22. written agreement that involves employment and is enforced by the law
  11. 25. union for professionial baseball players in the MLB
  12. 26. a contract offered to a restricted free agent by a team other than the one for which he played for
  13. 27. teams are not allowed to spend over a certain amount of money regardless of the circumstances
  14. 28. a new team in a league, composed largely of players acquired from established league teams and formed when the league expands its membership
Down
  1. 1. the administration of an organization
  2. 2. a player that has restrictions on what teams can sign him
  3. 3. employees negotiate contracts witht their employers to determine their terms of employment
  4. 4. state of rest where all econo,ic transacitons that should occur have taken place
  5. 5. consumer's desire to purhcase goods and services and willingness to pay a specific price for them
  6. 6. type of sales tax that applies to certain goods, specifically high priced items
  7. 8. the owner retains ownership of the copyright and/or may license the same right to others
  8. 11. when there is a limited supply of something and it is not coming back
  9. 12. resource that exceeds the poriton that is actively utilized
  10. 15. the total amount of a specific good or service that is available to consumers
  11. 16. rule that places a limit on the amount of money that a team can spend on players' salaries
  12. 19. union for professional football players in the NFL
  13. 20. usually the best player on a team that owners will build the franchise around
  14. 23. raw materials that can be used for economic producution
  15. 24. union for professional hockey players in the NHL