SALARY CAP Research Paper Example | Topics and Well Written Essays - 1250 words

SALARY CAP - Research write up ExampleIn order to address the problem that occurs as a result of placing the salary bonnet, players centre had came up with measures to negotiate for the welfare of players in a team to consider that a the teams do not infringe the objurgates of their players (Rosner & Shropshire, 2011). For example, players union has put forth collective bargain agreement to negotiate with the Nation federation on the amount of salary that each team should spend to their players. The aims of collective bargain agreement is to ensure that the field Federation league become more competitive. In addition, the salary cap helps to ensure that thither is harmonization of salaries among different teams. This further prevents migration of players from one team to the other. Additionally, salary caps helps to ensure that each team retains the right talent and skill among its players. Moreover, the salary cap helps to prevent inequality among organizations sponsoring dif ferent players. For example, if there are no salary cap some teams could be spending quit a lot of financial resources to let the best players from other teams but through salary cap such events may be prevented (Bryant, 2009).The benefits of pose in place the salary cap are numerous to both the organization and players. For instance, salary cap help prevent unnecessary inequality between clubs/organizations sponsoring the players by ensuring that no particular organization earth-closet spend more money in paying their players than the others. Further, it ensures that there is conformity with rules and regulations establish by the National Federation League. The first salary cap was introduced in 1994 where thirty four point six one one million million million million million dollars was set as the salary limit. The salary cap has been reported to continue increasing over the eld and in 2011, collective bargain agreement was reached. The salary cap of one hundred and twenty mi llion dollars was put forth. Moreover, in 2013, a