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How Collective Bargaining Agreements Effect The Players And The Owners

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Most people around the world enjoy sporting events. These events are considered great entertainment options. So what does professional baseball, football, basketball, and most other companies around the United States have in common? If you guessed Collective Bargaining Agreements (CBA), Unions, arbitration and strikes/work stoppages you are absolutely correct. In the coming paragraphs, labor relations within the world of sports will be discussed from their unions to how collective bargaining agreements effect both the players and the owners. What is a Collective Bargaining Agreement? CBA is a written and signed document between a company and a labor organization specifying the terms and conditions of employment for a specified period of time. The written agreement is then a contract between the employer and the employees. Collective bargaining is a continuous process, beginning with the negotiation of a contract through the entirety of the contract with almost daily interpretation and administration of its provisions. Collective bargaining and unions have had a considerable effect on fans through professional sports. Because of these contract negotiations, athletes in recent years have benefited from an increasing share of ticket and television profits. Collective bargaining has resulted in strikes and lockouts and has disrupted several seasons through cancellation of games or even ending a season. The televising of sporting events has become the largest source of revenue

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