SPM2000 Module 5

cultural differences

difference between customs, values, and traditions of cultures

Global Strategy

A corporate strategy of creating products that have the same appeal and generate the same demand worldwide.

grassroots efforts

Programs and activities undertaken to increase sport participation and interest in a particular region.

international federations

organizations responsible for the administration of individual sport competitions throughout the world

international olympic committee

nongovernmental, nonprofit organization that is the legal and business entity incontrol of the olympics

licensed merchandise

items bearing the logo of trademark of a sports org

national governing bodies

Organizations that administer a specific sport in a given country, operating within the guidelines set forth by their respective international federations; also known as national federations

nationalism

feeling of pride in ones nation

national olympic commitees

org responsible for the develipment and protection of olympic movement in their respective countries

Olympism

The philosophy behind the Olympic Games, which seeks "to create a way of life based on the joy found in effort, the educational value of good example and respect for universal fundamental ethical principles."

organizing committees for the olympic games

The organizations primarily responsible for the operational aspects of the Olympic Games; such an organization is formed once a city has been awarded the Games.

the olympic partner program

sponsorship program which pays money for status as an official olympic sponsor for 4 years

commissioner

The administrative head of a professional sport league

corporate governance model

A model of league leadership in which owners act as the board of directors, and the commissioner acts as the chief executive officer.

corporate ownership

the ownership of a team by a corporation

cross-ownership

ownership of more than one sport franchise

franchise free agency

A strategy in which team owners move their teams to cities that provide them newer facilities with better lease arrangements and more revenues

franchise rights

the privileges afforded to owners of a sport franchise

gate receipts

revenue from ticket sales

impasse

breakdown of negotiation

league think

A term coined by NFL Commissioner Pete Rozelle to describe the need for owners to think about what was best for the NFL as a whole rather than what was best for their individual franchises

premium seating

Personal seat licenses, luxury suites, and club seating

public ownership

Ownership by stockholders via shares that can be freely traded on the open market

self governance

System in which leagues organize themselves (opposite of corporate governance)

single entity structure

a model of league ownership in which the league is considered as a single entity to avoid antitrust liability and to create some centralized fiscal control

territorial rights

Rules that limit a competitor franchise from moving into another team's territory without league permission or without providing compensation.

conflicts of interest

situation in which one's own interests may be furthered over those of the principal to whom one owes a fiduciary duty

freestanding sport management firm

A full-service sport management firm providing a wide range of services to the athlete, including contract negotiations, marketing, and financial planning.

income mismanagement

A form of unethical behavior by a sports agent that consists of mishandling a client's money, whether by incompetence or criminal intent.

law practice only

A type of sport management firm that deals only with the legal aspects of an athlete's career, such as contract negotiation, dispute resolution, legal representation in arbitration or other proceedings, and the preparation of tax forms.

mark mccormack

founder of img who invented modern sports agency

Overly Aggressive Client Recruitment

A form of unethical behavior by sports agents that includes such behaviors as paying athletes to encourage them to sign with agents early and promising athletes things that may not be achievable.

reserve clause

A clause in a player's standard contract that gives a team the option to renew the player for the following season.

reserve list

A list of reserved players that was sent to each team in the MLB; the teams had a gentleman's agreement not to offer contracts to any player on this list, thus keeping players bound to their teams.

reserve system

A restrictive system used to limit a free and open market so that owners retain the rights to players and control salary expenditures.

scott boras

Founder of the Scott Boras Corporation and an innovator in baseball representation. He is known for his free market philosophy, the use of data in negotiations, his level of preparation, and his knowledge of the game and rules.

sports agent

A person who acts as a representative of an athlete or coach to further the client's interests.

sports event managers

Personnel who administer, promote, and operate any type of events related to sport

sports marketing representative

A person who coordinates all of the marketing and sponsorship activities for sport properties, which include sporting events run by the agency firm and the athletes represented by the firm.

standard or uniform player contract

an individual contract used by a league for its professional athlete employees in which all terms are standardized except for the time period and salary