Yesterday was the day that might change the opinion of ESPN
analyst and Hall of Fame quarterback Steve Young. After the game last Monday night he said that
the NFL is “inelastic for demand.” Thus he believes that no matter what happens
with the current NFL officials strike and the outrage over the replacement
refs, the NFL will continue to hold strong and steady in ticket sales and
viewer ratings. Yesterday; however, may have put the kink in that thought. The scandal
involving the ending to the Packers and Seahawks Monday night game may be the
beginning of the undoing of Steve Young’s beliefs. Important figures in the
football world have been rumored to be debating a strike until
there is a resolution with the qualified officials.
I believe that the integrity of the game that so many are
talking about may have the power to alter the numbers that the NFL is counting
on to maintain their position at the bargaining table. Too many issues of this
magnitude will bring about the changes in ticket sales and viewer numbers that
some believe to be unchanging. We have seen many stoppages in play from other
professional sport organizations and in most cases things really do turn out to
be just fine. Unfortunately baseball had to be the one that took it so hard
when they could not reach an agreement so many years ago. I remember looking at
nearly empty stadiums designed to seat tens of thousands and this continued for
a couple of years until the fans slowly started to filter back to the game they
love.
It is just the beginning of the season but I must disagree
that they NFL is inelastic for demand. Give it more than 3 weeks and people
will start to wonder why they continue to pay extremely high rates to watch a
disgraced product that does not resemble the product they know and love.
2 comments:
Aiden: please change the link so that it is in the body of the text.
How is this related to managerial economics?
Young has stated (admittedly without much support) that demand is inelastic. You're taking the position that it is elastic enough to make a difference. The economics would be in explaining why that might be the case.
Sorry Aiden: 100/100
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