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SPORTS ECONOMICS

The term sports has many meanings encompassing a wide array of human
activity that is neither work nor rest. Sports includes athletic competition, of
course, but also recreational hunting and fishing, auto racing, exercise activities, and even poker. For the most part, in this book we focus on the activities covered in the sports section of local newspapers. Even this is fairly broad
because that includes both amateur and professional sports, as well as recreational activities of all sorts: cycling, sailing, surfing, hiking, and many others.
The coverage extends to both team and individual sports that are played in the United States and around the world. In our study, we touch on many of these,
but our attention is largely on the major league professional team and individual sports that are most popular in the United States: football, baseball, basketball, hockey, golf, and tennis. Some additional attention is paid to intercollegiate sports under the auspices of the National Collegiate Athletic Association

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