Economic of Sports

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Across
  1. 3. allows the player to sign an offer sheet with another team
  2. 4. the number of products that a producer or seller is willing and capable to provide to buyers
  3. 10. is the union for current professional basketball players in the National Basketball Association (NBA).
  4. 11. is a new team in a sports league,
  5. 13. means no team can spend more than the salary cap
  6. 15. collective refusal by employees to work under the conditions required by employers
  7. 16. the demand for a good or service is greater than the availability of the good or service
  8. 20. is a work stoppage or denial of employment initiated by the management of a company during a labor dispute
  9. 21. coordinating organizational activities to achieve its objectives and goals
  10. 23. a contract that is offered by a sports team to a restricted free agent
  11. 25. players with expired contracts that have completed four or more accrued seasons of service
  12. 26. Point the state in which market supply and demand balance each other, and as a result prices become stable
  13. 28. the union for professional football players in the National Football League
Down
  1. 1. a player or manager who is eligible to sign with other clubs or franchises
  2. 2. is the labour union for the group of professional hockey players who are under Standard Player Contracts to the 32 member clubs in the NHL
  3. 4. is an agreement or rule that places a limit on the amount of money that a team can spend on players' salaries.
  4. 5. prevents a player from negotiating with any other franchise as they would during the free agency period and pays the player a fully guaranteed salary
  5. 6. an organization formed by workers who join together and use their strength to have a voice in their workplace
  6. 7. occurs when a sports league decides to create one or more new expansion teams or franchises
  7. 8. materials or substances used in the primary production or manufacturing of goods
  8. 9. a condition where the quantity of a product or service demanded is greater than the quantity supplied at the market price
  9. 12. means an agreement under which an individual is employed within the sport
  10. 14. the willingness and ability of a consumer to buy goods and services at a specific price
  11. 17. the process in which working people, through their unions, negotiate contracts with their employers to determine their terms of employment
  12. 18. agrees to an offer sheet with a new team, which gives their incumbent team a couple days to match that offer
  13. 19. when there are several significant exceptions that allow teams to exceed the salary cap to sign players
  14. 22. a sales or transfer tax imposed only on specific goods
  15. 24. the amount of an asset or resource that exceeds the portion needed and used
  16. 27. labor union representing all current Major League Baseball players