Contract Options for Buyers and Sellers of Talent in Professional Sports

by Duane W Rockerbie and Stephen T. Easton

This Palgrave Pivot re-examines salary formation in Major League Baseball in light of real option theory to clarify the connection between salary and marginal revenue product for professional baseball players. Current literature has tended to treat single-year and multi-year contracts similarly, ignoring the potential option value for teams and for players. Recent work points to the observation that both high-productivity and low-productivity athletes...

• Format: Hardcover
• Language: English
• ISBN: 3030495124
• ISBN13: 9783030495121
• Release Date: September 2020
• Publisher: Palgrave MacMillan
• Length: 97 Pages
• Weight: 0.63 lbs.
• Dimensions: 0.3" x 5.8" x 8.3"