- The dissolution of the union is a bargaining ploy that will allow 10 players (including Tom Brady, Peyton Manning and Drew Brees according to NYT) to sue the NFL for antitrust violations. Antitrust cases and possible appeals can take 5 to 10 years to be litigated. I doubt the owners are worried about this.
- Today's WSJ says that the average career of an NFL player is 3.5 years. The players are not likely to support a season-ending strike.
- The owners are offering less money and a longer season. The league is enjoying record-high levels of fan support and revenue. The players know that better offers will eventually be made.
Thoughts on business school, economics, NC State, and everyday life from an economist at NC State's business school
Saturday, March 12, 2011
More union unrest -- this time it's on the gridiron
Yesterday the NFL and its players union broke off talks, the union dissolved itself and the owners locked out the players. A few observations:
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