Artikel

The NBA's maximum player salary and the distribution of player rents

The NBA's 1999 Collective Bargaining Agreement (CBA) included provisions capping individual player pay in addition to team payrolls. This study examines the effect the NBA's maximum player salary on player rents by comparing player pay from the 1997 - 1998 and 2003 - 2004 seasons while controlling for player productivity and other factors related to player pay. The results indicate a large increase in the pay received by teams' second highest and, to a lesser extent, third highest paid players. We interpret this result as evidence that the adoption of the maximum player salary shifted rents from stars to complementary players. We also show that the 1999 CBA's rookie contract provisions reduced salaries of early career players.

Sprache
Englisch

Erschienen in
Journal: International Journal of Financial Studies ; ISSN: 2227-7072 ; Volume: 3 ; Year: 2015 ; Issue: 2 ; Pages: 75-83 ; Basel: MDPI

Klassifikation
Wirtschaft
Sports Economics: Labor Issues
Thema
NBA
maximum player salary
rookie contract

Ereignis
Geistige Schöpfung
(wer)
Hastings, Kelly M.
Stephenson, Frank
Ereignis
Veröffentlichung
(wer)
MDPI
(wo)
Basel
(wann)
2015

DOI
doi:10.3390/ijfs3020075
Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Hastings, Kelly M.
  • Stephenson, Frank
  • MDPI

Entstanden

  • 2015

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