Major league baseball salaries: The impacts of arbitration and free agency
Gespeichert in:
| Deutscher übersetzter Titel: | Gehaelter im Baseball in der Major League: Die Auswirkungen von Verhandlungen und selbstaendiger Vermarktung |
|---|---|
| Autor: | Hadley, Lawrence; Gustafson, Elizabeth |
| Erschienen in: | Journal of sport management |
| Veröffentlicht: | 5 (1991), 2, S. 111-127, Lit. |
| Format: | Literatur (SPOLIT) |
| Publikationstyp: | Zeitschriftenartikel |
| Medienart: | Gedruckte Ressource |
| Sprache: | Englisch |
| ISSN: | 0888-4773, 1543-270X |
| Schlagworte: | |
| Online Zugang: | |
| Erfassungsnummer: | PU199208055861 |
| Quelle: | BISp |
Abstract
Earnings equations are estimated for major league baseball hitters and pitchers using salary data for the 1989 season. The results indicate that final offer salary arbitration and long-term contracts have a large positive impact on salaries. The impact of free-agency eligibility is also positive, but smaller than arbitration eligibility. This implies that some players have used the arbitration process to extract above-market salaries. Therefore it is concluded that it would be in the interest of the owners to replace arbitration with earlier eligibility for free agency. Verf.-Referat