SEM 3.1 Review

a system where league revenues are distributed equally among its teams to help maintain competitive balance and financial stability across the league.

• Profit-sharing model
• Salary cap system
• Revenue sharing system
• Merit-based funding

the size of the annual global matchday market.

• $10 billion
• $50 billion
• $5 billion
• $20 billion

the cost incurred while generating revenue and maintaining operations.

• Expenses

• Revenue

• Fixed costs
• Variable financials

traditional TV with a set broadcast schedule.

• streaming services

• satellite television broadcast

• online viewership

• linear television broadcast

a restriction on the total amount of money a team can allocate to player salaries.

• salary floor
• player budget
• team payroll limit
• salary cap

when an organization’s revenue exceeds its expenses, it records a...

• net loss
• break-even
• net profit

• operating deficit

a mutually beneficial business agreement between a sports team or league and a product manufacturer.

• Merchandising contract
• Advertising agreement
• Licensing agreement

• Sponsorship deal

a legally binding contract between a union and its employer. In the case of sports teams, it is between the player’s union and team ownership

• Collective bargaining agreement
• Player contract
• Team agreement
• Employment contract

a mutually beneficial partnership between a company and a team or event, where the company provides financial support for the team or event in return for brand visibility and exposure.

• Collaboration
• Endorsement
• Investment
• Sponsorship

the number of people that watched the Super Bowl LVII (58) in 2024.

• 100 million

• 110 million

• 123 million

• 147 million