OPPapers.com Essay Index >> Miscellaneous >> Kc Zephryhills Baseball Team
We have many free term papers and essays on Kc Zephryhills Baseball Team. We also have a wide variety of research papers and book reports available to you for free. You can browse our collection of term papers or use our search engine.
KC Zephryhills Baseball Team. Kansas City(KC) Zephyrs Baseball, Inc. Bill
Ahern had a difficult judgment he had to make being an ...
Submitted by kmr2108 on January 10, 2007
Category: Miscellaneous
Words: 1116 | Pages: 5
Views: 448
Popularity Rank: 20,634
Average Member Grade: N/A (Add a Comment / Grade this Paper)
Kansas City(KC) Zephyrs Baseball, Inc.
Bill Ahern had a difficult judgment he had to make being an arbitrator in a dispute between the Owner-Player Committee and the Professional Baseball Players Association. The main issue Bill had to arbitrate was to resolve the profitability of the major league baseball teams. The players did scrutinize the owners' statements and felt that the owners were hiding profits through "accounting tricks" and these statements did not precisely reflect the economic reality. Bill was to focus on the finances of the KC Zephyrs Baseball, Inc within the finance of the organization per the OPC and the PBPA representatives. The corporation was publicly owned and no private financial data would have been revealed. Bill was asked to listen to the owners and players arguments, review and ask questions pertaining to the financial statements and to reach a decision for the profitability.
The annual revenues were $20-$30 million with the team operated as an independent economic unit. Approximately 40 players make up a team at any time. An amount of a certain portion of the teams operating expenses and players salaries were to be paid by the major league teams.
Meeting with the Owners and Bill- 1983- 1984 the financial statements for the team was presented. There are 5 major shareholders which bought the team on November 1, 1982 for $24 million. The team did not own the stadium; however 2 of the shareholders were part owners of the baseball stadium. Bill met with Keith Strong, the owners' lawyers. Keith stated that the highest paid players have agreed to defer a portion of their salary for 10 years. The non rooster guarantee contract is a player salary expense because the salaries are paid to players who are no longer on the active roster. The players had a long term guaranteed contracts in which 2 players are stilled owed. These are paid due to they are not active and do not serve in bringing in our current...
You must Login to view the entire paper.
If you are not a member yet, Sign Up for free!