Category: Sports

The convening power of money

3 January, 2011 (12:04) | College football, Ecosystem, Euro, Finance, Incentives, Markets, Sports, Standards, Theory, Tournaments |

By: David A. Smith    “Money is an effective winding sheet.” – Auric Goldfinger   Those who want a college football playoff are going about it all wrong.  Instead of writing thousands of words on how it would work, they should be asking, who will compel its formation?   A James Madison for the NCAA? […]

When options have negative value: Part 3, money being Manny

13 August, 2008 (08:56) | Economics, Essential posts, Negotiation, Speculation, Sports, Theory |

[Continued from the previous Part 1 and Part 2.]   Yesterday, we saw that in his role as sponsor, former Red Sox left fielder Manny Ramirez, perceiving that his current contract had gone on ‘too long,’ was engaging in a time-honored if not time-endorsed strategy of the deniable strike, probably at the behest of his […]

When options have negative value: Part 2, money being money

12 August, 2008 (08:33) | Economics, Essential posts, Negotiation, Speculation, Sports, Theory |

[Continued from yesterday's Part 1.]   Yesterday’s post starring Manny Ramirez, late of the Red Sox and now tearing the cover off the ball for the Los Angeles Dodgers, had brought him to the point of frustration, because a contract negotiated by Dan Duquette back in 1999 had turned from being a burden on the […]

When options have negative value: Part 1, Manny being money

11 August, 2008 (09:25) | Economics, Essential posts, Negotiation, Speculation, Sports, Theory |

Just as sports is a bench-test model for life – things are played out in small, according to prescribed rules, with all results reducible to integral numbers – so too are sports contract negotiations a bench-test model for larger business challenges.    Business ain’t so hard when you have a 0.900 OPS   He was […]