Word: franchisee
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Essentially, the effect of a prohibitive labor market was not to evenly distribute skill, but to lower salaries. If a player wanted to remain in the profession, he had no alternative but to work at the salary offered him from the franchise possessing his contract. If he was not satisfied...
In the wake of the Seitz ruling, the roles have been reversed. Upon termination of his contract, a player can renegotiate for a new pact or decide to become a free agent, potentially available to every franchise. This past year, 26 major league players became free agents, including such celebrities...
The abolition of restrictive reserve rules has sealed the circle of baseball franchise owners to the nation's wealthiest individuals and corporations. However, if the league actually cares about retaining the less wealthy owners they can initiate measures to redistribute income, such as increasing the gate share allotted to visiting...
Last year the chain's stores-now numbering 4,230-rang up sales of $3.1 billion, 24% more than in 1975. Most of that was kept by franchise operators, but their rent and royalty payments, plus sales of company-owned stores, gave McDonald's $1.2 billion in revenues...
"I think this Harvard program is like a fledging ABA franchise," says Hill. "Next year we'll be laying the foundation. We've never been built up before so we're certainly not rebuilding."