The athlete with the biggest contract may surprise you (WGNO-TV)
Kennesaw State economics professor J.C. Bradbury discusses the big business of baseball
KENNESAW, Ga. (Mar 31, 2017) — If you had to guess which athlete in the world is signed to the biggest contract by his team, names like Cristiano Ronaldo, LeBron James and Tom Brady would likely to come to mind.
But none of the above can boast the 13-year, $325 million deal of Miami Marlins outfielder Giancarlo Stanton.
“Baseball has a very effective union that has allowed its players more freedom to negotiate for these higher contracts,” explains J.C. Bradbury, professor of economics at Kennesaw State University, and author of “The Baseball Economist: The Real Game Exposed.”
“The way the luxury tax is applied, it only affects a few teams,” he adds.
A leader in innovative teaching and learning, Kennesaw State University offers undergraduate, graduate and doctoral degrees to its nearly 43,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the country and the world. Kennesaw State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 6 percent of U.S. colleges and universities with an R1 or R2 status. For more information, visit kennesaw.edu.