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Thursday, October 16, 2008

Turmoil in sports

There is significant turmoil in the sports world right now, and the economy is the center hub of the turmoil. Businesses are being hit left and right and there will be more blood shed to come. One of the more visible signs of trouble was the recently announced layoff with the NBA front offices. Roughly 80 jobs (nine percent of the national staff) were cut, but those cuts would not affect international expansion efforts. Other teams also were starting to cut costs as they head into the new season. the Charlotte Bobcats recently layed off around 35 staff members who were not working on the basketball operations side. I think this is the beginning of the slashing, but the real trick will be with the players and if they will be willing to cut their salaries so owners can reduce costs and lower ticket prices. If players balk at lowering their contracts then the sport world can be in for a long and rough several years.
Gil-

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