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Authors

Evan Goldsmith

First Paragraph

The four major American sports leagues, the National Football League (“NFL”), the National Basketball Association (“NBA”), Major League Baseball (“MLB”) and the National Hockey League (“NHL”), generated an estimated twenty-five billion U.S. dollars in revenues for 2012. The NFL ranks as the highest revenue-generating professional athletics league in the world, with the MLB coming in second, the NBA coming in fourth, and the NHL coming in as the sixth highest revenue-generating athletics league. While these leagues generate such a high amount of revenue, all stoppages of work go against the conventional business plan and prevent the generation of income. These high revenue-generating leagues have recently experienced more “lockouts” than in the past, as the owners and players associations argue vehemently over their share of the revenues.

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