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ECO 330 > Exam 2 Practice Questions > Flashcards

Exam 2 Practice Questions Flashcards

1
Q

A salary cap is

A

Maximum player payroll for the entire league

Maximum player payroll for each team

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2
Q

In the NFL, what is the 30% rule?

A

The CBA limits annual salary increases to no more than 30%

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3
Q

In the NHL, how much can a team exceed the salary cap to pay performance bonuses?

A

7.5%

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4
Q

How do salary caps/luxury taxes promote competitive balance?

A

Limits the amount that larger market teams can spend on payroll

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5
Q

In the NFL, how much of the cap must the league (all 32 teams) spend on payroll?

A

95% and each team has to spend at least 90% of the cap

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6
Q

In the NFL, what is the rookie salary cap

A

Teams must set aside funds from their salary cap to pay newly drafted players.

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7
Q

In the NFL, what is the Top-51 Rule?

A

During offseason, rosters expand to 90 players, therefore only the top-51 salaries count against the cap in the offseason

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8
Q

Which of the following leagues has a soft salary cap?

A

NBA

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9
Q

In the NFL, how does a player achieve a credited season ?

A

Full pay status for three or more regular season games

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10
Q

In the NFL, the leagues minimum salary is based on a players:

A

Number of credited seasons

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11
Q

Which of the following players would most likely agree to a split contract?

A

A veteran player who needs to prove he can stay healthy

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12
Q

What is considered a likely to be earned cash incentive in the NFL?

A

A performance incentive based on previous performance levels, thus it will be included in the salary cap.

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13
Q

Which of the following are not one of the two types of drafts in the NFL?

A

Lottery

reverse order draft

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14
Q

Compensatory picks:

A

Given to teams that lost more free agents than they signed.

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15
Q

The value of compensatory picks is based on?

A

A proprietary formula used by the NFL

B.
Based on the players performance in the next season

C.
Based on the size of contract the free agent signs with his new team

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16
Q

What type of player qualifies for the supplemental draft?

A

Players who exhausted their NCAA eligibility or unable to attend college

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17
Q

How does a player qualify for the NFL draft?

A

Player must be out of HS for three years and exhausted NCAA eligibility

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18
Q

How is the NHL draft order determined?

A

The 14 teams that did not make the playoffs are put into a lottery to determine the top of the order.

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19
Q

How does a player qualify for the NBA draft?

A

A.
Player must be 19 years old

B.
One full NBA season out of HS

C.
International player must be 22 years old

20
Q

How is the NBA draft order determined?

A

Lottery for the first 14 spots, then reverse order

21
Q

How is the MLB draft order determined?

A

Reverse order based on win %

22
Q

Which of the following is NOT true about the MLB competitive balance draft?

A.
Team eligibility is based on revenue and market size

B.
The draft is two rounds

C.
The draft order is lottery based

D.
The draft occurs after round 1 and round 2 of the regular draft

A

C.

The draft order is lottery based

23
Q

Which of the following is true about MLB slot values?

A.
Slot values are based on the draft pick

B.
Total slot values equals the bonus pool

C.
The purpose is to limit what a team can spend on newly drafted players

D.
All of the above is true

A

D.

All of the above is true

24
Q

The invariance principle states

A

The market will direct resources to the team that values them the most

25
Q

What is non-statutory labor exemption?

A

Antitrust law does not apply to disputes between unionized employees and management.

26
Q

Under the NFL s Plan B free agency system

A

A team can protect 37 players from free agency

A protected player must give his current team first right of refusal

The NFL was found guilty of violating antitrust laws, therefore ending Plan B

27
Q

In the NFL a player will earn an accrued season after

A

Playing in six regular season games

28
Q

To become an unrestricted free-agent in the NFL:

A

The player must have more than four or more years in the league

29
Q

Why did most teams find it better not to sign free-agents under the Rozelle Rule?

A

The compensation to the previous team made free-agents too expensive

30
Q

Why wouldn t a team just give every player a first-round tender to their RFA to ward off any other team?

A

Very few RFA s are valuable enough to warrant a first-round tender

The player will require a more money in their contract if it includes a first-round tender

31
Q

Which of the following is NOT true about being an unrestricted free agent in the NFL?

Player must have at least four accrued seasons

The players current team can tender an offer

The player has until July 22 to sign with new team or their rights return to their old team

A player is free to sign with any team

The player must give their current team the first right of refusal

A

The player must give their current team the first right of refusal

32
Q

In March 2018, Miami put a non-exclusive franchise tag on WR Landry despite not having enough cap space to sign him. Which of the following would be a good strategy for placing this tab on Landry?

A

Miami now has control over which team Landry plays with, thus another team will need to give up draft picks in order to get Miami to agree to a trade.

33
Q

Under a non-exclusive franchise tag, the players salary is based on:

A

The average salary of the top 5 players at his position or 120% of previous salary

34
Q

Which of the following is a category of free agents in the NFL?

A

Exclusive rights free agents

35
Q

In MLB, what s the difference between the 25-man roster and the 40-man roster?

A

The 25-man roster is the full active roster of an MLB team and the 40-man roster includes the 25-man roster plus 7 and 10 day disabled, some minor league players, and players missing for medical leave or family emergencies.

36
Q

An MLB player earns a service year if:

A

They ve played in 172 games and on the 25-man roster

37
Q

Which of the following is NOT true about MLB final offer arbitration?

Both player and team submit offer to arbitrator and the arbitrator selects one of the offers

The arbitrator is free to come up with a compromise between player offer and team offer

Players and teams have a tendency to submit offers that are very close to a compromise

Players need to have over three years of service (or Super 2) to qualify for arbitration

A

The arbitrator is free to come up with a compromise between player offer and team offer

38
Q

In MLB, which of the following are NOT one of the three categories players are divided into?

A

Exclusive rights arbitration

39
Q

An NHL player becomes an RFA, however leaves to play hockey in his home country (outside USA). If this player returns to NHL, which free-agent group would he be classified?

A

Group 4

40
Q

An NHL player with 7 years of accrued experience and an expired contract would be classified in what free-agent group?

A

Group 3

41
Q

In MLB, the draft pick compensation for UFA is based on?

A

The final position of the team signing the UFA and the financial status of the team losing the UFA

42
Q

Which of the following is true regarding the Rule 5 draft?

A

The player must be placed on the 25-man roster after drafted

43
Q

Which of the following is true about NHL free agency?

A

First round draft picks become RFA after the fourth year of their rookie contract

44
Q

A MLB player has 3 service years, which of the following does he qualify for?

A

Salary arbitration

45
Q

A 25 year old NHL player that has played in 80 NHL games over the past three seasons qualifies as a:

A

Group 6 free agent

46
Q

A MLB player has over 6 service years, which of the following is true?

A

The player can become an UFA

If the player is signed by another team, his former team will receive Rule 4 draft picks. Draft round depends on financial status of the signing team.

If the player is signed by another team, his former team will receive compensatory draft picks. Draft round depends on the financial status of the players former team.

ECO 330 (6 decks)

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