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this is a discussion within the Saints Community Forum; As a capitalist I believe in supply and demand. Rarely is supply and demand as straightforward as with NFL ticket prices. You can watch supply and demand live on TV all season. If there are lots of empty seats, supply ...
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Join Date: Dec 2018
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Re: Official 2024 Free Agency Discussion
As a capitalist I believe in supply and demand. Rarely is supply and demand as straightforward as with NFL ticket prices. You can watch supply and demand live on TV all season. If there are lots of empty seats, supply exceeds demand at the present price and the price must fall to increase demand to meet supply. If all the stadiums are full and fans are tailgating outside the stadium hoping to get an extra ticket and tickets are selling above market price on stubhub, demand exceeds supply and ticket prices are likely to rise. Supply and demand sets the prices, capital and labor share the profits, all of this is very simple and exactly how its supposed to work and if you don't like, it you don't like free markets. If you want ticket prices to go down either we need like 40 teams playing 25 game seasons in 150,000 seat stadiums to increase supply, or you need people to stop wanting to attend live games, which perhaps could happen through the next generation that prefers to experience life through their phones. If there was a severe lack of interest in attending games, tickets might before free, just to fill seats that the TV audience likes to see full in the background, like a taping of a game show. If nobody wanted to attend even for free, people could be paid to attend, like a struggling politicians televised rally. But right now there is immense demand to attend live NFL games, and that results in increasing prices, because that is how a free market.
As to individual players being overpaid in terms of their teams share of the salary cap, that just reflects uncertainty and imperfect decision making in the context of a free market. Oil companies drill some wells that make enough oil to pay for 5 wells, and others that make no oil at all, because of uncertainty and imperfect decision making. Hollywood studios make some movies that have giant profits and others that lose money. Some very expensive horses with impressive pedigrees never win a race. Football is a similar business. The Saints overpaid for Peat in the draft based on his ability to play Left Tackle that increased the cost to draft him, then converted him to Right Tackle that increased the risk of his being a bust, then converted him to Left Guard where he had mixed results, then bet on a big contract that those mixed results were growing pains and they were brilliant to realized that this Left Tackle turned Right Tackle turned Left Guard was about to become a great Left Guard when he strung together a few good games, and shockingly through uncertainty and imperfect decision making that did not come to pass. Meanwhile some other players were bargains for the Saints and for other teams. |
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