By now I’m sure everyone has heard of the controversy brewing around football in the past few years. Head injuries and concussions are in the news more than ever because of the newly discovered lingering effects of the injuries.
Chronic traumatic encephalopathy (CTE) is the result of excessive head trauma and has been discussed in the news frequently. CTE is a progressive degenerative disease resulting from multiple concussions and/or head injuries. CTE is diagnosed post-mortem and has resulted in former players committing suicide and giving their bodies for CTE research.
The news about CTE and concussions is adversely affecting the sport of football. The supply and demand of football could be affected in a few ways:
Many former NFL players are filing class action lawsuits against the NFL. If the NFL starts losing judgments it could be facing bankruptcy. Lawsuits may be filed against colleges, the NCAA, and even high school football organizations. If these lawsuits resulted in winning judgments, insurance companies might stop covering colleges and high-schools against football-related injuries. Liability suits could greatly reduce the supply of football.
Another factor that would affect both the supply and demand of football is the risk. Many former players have made statements that they will not let their kids play football. Parents will not allow their children to play a sport with such risks and teenagers and young adults may choose not to play because they realize that risk.
A factor that may affect demand is the implementation of more rules. Football organizations are trying to make the game safer by implementing new rules and regulations to limit some of the contact in football. If rules become too excessive, football could lose the hard-nosed style that made it as popular as it is today.
The supply and demand of football could be experiencing a decline in the near future.