Titlebook: Contract Options for Buyers and Sellers of Talent in Professional Sports; Duane W Rockerbie,Stephen T. Easton Book 2020 The Editor(s) (if

的闡明

The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl

尖叫

2662-6438 rginal revenue product for professional baseball players.DemThis Palgrave Pivot re-examines salary formation in Major League Baseball in light of real option theory to clarify the connection between salary and marginal revenue product for professional baseball players. Current literature has tended

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https://doi.org/10.1007/978-3-540-30491-3yers at earlier stages of their careers. Veteran players closer to the end of their career have low option values and might find it difficult to negotiate a multi-year contract. We also explore the effects of no-trade clauses on negotiated salaries.

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Extensions to the Put Option Model,yers at earlier stages of their careers. Veteran players closer to the end of their career have low option values and might find it difficult to negotiate a multi-year contract. We also explore the effects of no-trade clauses on negotiated salaries.