Submission Date

7-20-2018

Document Type

Paper- Restricted to Campus Access

Department

Business & Economics

Faculty Mentor

Heather M. O'Neill

Second Faculty Mentor

Scott Deacle

Comments

Presented during the 20th Annual Summer Fellows Symposium, July 20, 2018 at Ursinus College.

This project was funded by the Gladstone Whitman Summer Fellows Program.

Project Description

It has been repeatedly claimed in sports economics literature that professional baseball rookie players are exploited by their teams. Previous literature solely explores rookie salaries and their marginal revenue products and deems that rookies and the value they bring are exploited and they are not members of a free labor market. However, the literature neglects to incorporate other means of underlying compensation such as professional instruction, signing bonuses, research and development, and celebrity perquisites. This project hopes to find that rookie players are in fact not exploited because of these supplemental forms of underlying compensation. Additionally, the research will hopefully show that rookie players are not members of a free labor market. This will become evident through an investigation of the Major League Baseball collective bargaining agreement and its regulations and restrictions in terms of pay and benefits for rookie players. This project includes pertinent data, figures, and article summaries that will lay the foundation for future honors research.

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