Sports marketing

2. The desire and ability to purchase goods or services
7. Cap A limit on team spending for players' salaries
8. A legal agreement between two parties
10. Agency Players' ability to sign with any team
11. Point The price where supply equals demand
16. Cap Salary cap with exceptions allowing teams to exceed it
18. Player Exclusive A designated player who cannot negotiate with other teams
21. Tax Additional tax on high-value goods or income
23. Limited resources compared to needs or wants
24. Free Agent A player free to sign with any team
25. Players’ union for the National Hockey League

1. Free Agent A player whose original team can match any offer
3. Players’ union for the National Football League
4. Players’ union for the National Basketball Association
5. Player Non-Exclusive A player allowed to negotiate, but their original team can match offers
6. The group that organizes and runs a business or team
7. Employees stop working to demand better conditions
9. The total quantity of goods or services available
12. Employers stop operations during disputes with workers
13. Materials Basic resources used to make products
14. Players’ union for Major League Baseball
15. Bargaining Negotiation between employees and employers for rights or benefits
16. Excess supply over demand
17. Sheet A contract offered to a restricted free agent by another team Expansion Team/Franchise A new team added to a sports league Expansion Draft A process for new teams to select players from existing teams
19. Cap Strict salary limit that cannot be exceeded
20. Insufficient supply to meet demand
22. A group of workers united to protect their rights