PQ 3.3 OWNER, ATHLETE, AGENT, AND FANS

Who are the key participants in the sports business field?

• Athletes, owners, agents, and fans

• Athletes, coaches, referees, and fans

• Owners, coaches, agents, and sponsors

• Owners, athletes, coaches, and fans

What are some noneconomic reasons for owning a professional sports team?

• Contributing to the community and passion for sport

• Making large profits and gaining media coverage

• Investing in media conglomerates and branding

• Earning high salaries and winning championships

What is the main criterion upon which athletes are judged in the sports business?

• Performance

• Popularity

• Endorsement deals

• Social media presence

What is the average salary of athletes in lower-division leagues?

• $46,000

• $80,000

• $1 million

• $10 million

What is a potential risk for professional football players?

• Permanent damage from concussions

• Lack of endorsement deals

• Low salaries

• Short career duration

How do sports agents earn their income?

• Charging a commission on contracts

• Selling merchandise

• Investing in media conglomerates

• Earning a fixed salary

What is the typical commission percentage for sports agents?

• Between 4 and 10 percent

• Between 10 and 20 percent

• Between 20 and 30 percent

• Between 30 and 40 percent

What role do sports agents play in professional athletes' business dealings?

• Choosing a team, negotiating contracts, and selecting endorsement deals

• Managing team finances and investments

• Providing legal representation in court

• Coaching and training athletes

What is the most important asset for a sports franchise?

• Fan loyalty

• High ticket prices

• Media coverage

• Player salaries

What can undermine fan loyalty towards a sports team?

• Lack of effort to improve team results

• Low ticket prices

• Player strikes and lockouts

• Media coverage