SM Finance Terms
A restriction on how much an athlete can make typically mandated by the league.
What is salary cap?
These are common elements of an NIL agreement, name 3.
The SKO event had several activity areas. Name all of them.
Hole in one, basketball, football, spikeball, bags, guess the candy.
Name the 4 A's of a good employee.
What is Attitude, Approach, Aptitude, Adherence to the job?
DeWayne Neely talked about a lot of things related to his job. When he meets with people he calls that a ___________.
What is a visit?
A payment to a player regardless of performance or injury.
What is a guaranteed contract?
This provides the rights to trademark, logo, for the use of for products or services.
What is a licensing agreement?
This person sold the most raffle tickets in advance.
Abby Boland
Describe what the rule of 72 says.
What is 72 divided by the interest rate you earn will be the number of years it takes to double your money?
DeWayne Neely works in an area of the university that is soliciting donations to help support the school. There are several names used for this department and activity, name 2 of the 3 we discussed.
What is Advancement, Fundraising, Philanthropy?
Penalty for exceeding a payroll threshold or cap.
What is luxury tax?
When a player becomes a spokesperson or represents a product or service.
What is an endorsement contract?
We had several very generous donors for gift cards. Name at least six of the donors, do not include the Blues or Cardinals.
Lunch Company, Dairy Queen, Taco Bell, City Scoops, Kahunas, Chick Fil A, Starbucks, Panera.
There are two types of bankruptcies, one is liquidation and one is reorganization. Provide the name for each.
What is Chapter 7 for liquidation and Chapter 13 for reorganization?
Sometimes when people donate money they will just send the money and the school can do what they want with it and other times they tell the school specifically how they want that money used. What are each called?
What is undesignated and designated? Or :
unrestricted and restricted.
The implementation of sponsorship benefits like signage, promotions, tickets, etc. for a sponsor.
What is sponsorship activation?
An agreement between a rights holder (team) and a media company for broadcasting their games.
What is a media/broadcast rights contract>
We had several students step and take a lead for several of our needs. Match the student who took lead for the following:
Music
PowerPoint
Hole in One
Guess the Candy
Who is Ryan, Alex, Ty, Thomas
There are a number of ways sports stadiums are funded. Name 3.
What is private money, municipal bonds, public funds, fan or PSL funding, private equity?
Darren Wright from First Mid Bank was an early visitor to our class. He shared with us about inflation from 1967 to today. The increase in Income was _____________ and the increase in housing cost was _________ on average. Express in ____ x
What is 2.5 times for income and 4 times for housing cost?
The percentage of revenue left after subtracting expenses from revenues.
What is profit margin?
When someone rents a stadium or arena this is usually created.
What is a facility use contract?
Prof. McSparin announced how much we made on the event and said it was over what amount and to what did the money go to.
What is $1,500? Sport Management Club.
We had four sponsorship levels for SKO. Name the amount of each level.
What is $750, $250, $150, $100.
Darren Wright mentioned the term "Drill Baby Drill" and then asked what industries would be positively affected by this.
What are companies that make pipe or supplies needed to do drilling.
Second Chance Q. What does this do to the price of oil typicaly?