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The Money Pitch: Baseball Free Agency and Salary Arbitration by Roger I. Abrams, X

The Money Pitch: Baseball Free Agency and Salary Arbitration by Roger I. Abrams, X
Professional baseball players have always been well paid. In 1869, Harry Wright paid his Cincinnati Red Stockings about seven times what an average working-man earned. Today, on average, players earn more than fifty times the average worker's salary. In fact, on December 12, 1998, pitcher Kevin Brown agreed to a seven-year, $105,000,000 contract with the Los Angeles Dodgers, the first nine-figure contract in baseball history. Brown will be earning over $400,000 per game; more than 17,000 fans have to show up at Dodger Stadium every night just to pay his salary. Why are baseball players paid so much money? In this insightful book, legal scholar and salary arbitrator Roger Abrams tells the story of how a few thousand very talented young men obtain their extraordinary riches. Juggling personal experience and business economics, game theory and baseball history, he explains how agents negotiate compensation, how salary arbitration works, and how the free agency "auction" operates. In addition, he looks at the context in which these systems operate: the players' collective bargaining agreement, the distribution of quality players among the clubs, even the costs of other forms of entertainment with which baseball competes. Throughout, Dean Abrams illustrates his explanations with stories and quotations -- even an occasional statistic, though following the dictum of star pitcher, club owner, and sporting goods tycoon Albert Spalding, he has kept the book as free of these as possible. He explains supply and demand by the cost of a bar of soap for Christy Mathewson's shower. He illustrates salary negotiation with an imaginary case based on Roy Hobbs, star of The Natural. He leads the readerthrough the breath-taking successes of agent Scott Boras to explain the intricacies of free agent negotiating.



Entertainment law - Entertainment law or media law is a general term for a mix of more traditional categories of law with a focus on providing legal services to the entertainment industry. Generally speaking the practice of entertainment law often involves questions of employment law (employment contracts for talent and production personnel), labor law (negotiating and arbitrating with trade unions), immigration issues regarding foreign talent, securities law regarding promoting properties, security interests, payment and collection of royalties, agency, intellectual property and insurance law.

Talent manager - A talent manager, also known as a personal manager, is one who guides the career of artists in the entertainment business. The responsibility of the talent manager is to oversee the day to day business affairs of an artist; to advise and counsel talent about professional matters and personal decisions which may affect their career.

The Roger Richman Agency - The Roger Richman Agency, Inc. is a licensing agency that specialises in licensing the use of the imagery, persona and likeness of various well known entertainment celebrities (eg.

William Morris Agency - Founded in 1898, the William Morris Agency a the largest diversified talent and literary agency in the world, with offices in New York, Beverly Hills, Nashville, Miami, London, and Shanghai.



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