The anticipation of sports and its urgency in society leaves companies in awe over the mass affect that sports have on society. It's a great time for everyone involved and a lot goes into account on behalf of the fans, players, and coaching staff for their hard work. Many might not be aware about the procedures that go on behind the scenes to provide the marvelous events that bring society together every day. Some of these procedures can be damaging to teams and players, such as the infamous jock tax or unstable contracts. But overall there are rules set in place to protect players rights over exploitation and abuse. Players are also free to negotiate their own contracts and are able to hire people who deal with the legal issues on their behalf. These certain protections are for every individual involved to make sure that no one get scammed out of their efforts.
Accounting, Finance, Marketing, Tax
Year of Completion
Francis, Robyn, "The Accounting, Financial, and Taxation Aspects of Sports" (2019). Undergraduate Honors College Theses 2016-. 49.