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.
Recommended Citation
Evan Goldsmith, Adhesive Arbitration: The Sustainable Grace for the Future of the World's Most Profitable Sports Leagues, 6 Y.B. Arb. & Mediation 387 (2014).