Book chapter
Performance expectations, contracts and job security
Research Handbook of Employment Relations in Sport, pp.46-68
Research Handbooks in Business and Management series, Edward Elgar Publishing
2016
DOI: 10.4337/9781783470464.00008
Abstract
In this chapter we discuss the idiosyncratic nature of labor contracts in North American professional baseball, football, ice hockey, and basketball and how the long-term employment relationships that result from such contracts impact performance incentives, job security, and risk allocation. These labor markets differ greatly from sport to sport and involve multiple levels of bargaining. The outcome of the bargain between the league and the players’ union determines the contract space within which individual players can bargain with individual teams and may include such things as minimum and maximum salary levels, salary guarantees, and allowable contract length. Accordingly, it is difficult to draw overarching conclusions. We sketch a general theoretical framework in which to consider the issues, address the roles played by players, teams, player associations, and leagues, and then survey some of the empirical literature pertaining to performance, pay, and risk allocation.
Details
- Title: Subtitle
- Performance expectations, contracts and job security
- Creators
- John Solow - University of IowaPeter von Allmen - Skidmore College
- Resource Type
- Book chapter
- Publication Details
- Research Handbook of Employment Relations in Sport, pp.46-68
- Series
- Research Handbooks in Business and Management series
- DOI
- 10.4337/9781783470464.00008
- Publisher
- Edward Elgar Publishing; Cheltenham, UK
- Number of pages
- 23
- Language
- English
- Date published
- 2016
- Academic Unit
- Economics
- Record Identifier
- 9984963052702771
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