The economic principles I researched were Because of scarcity, people choose, all choices have an opportunity cost, and people gain when they trade voluntarily.
The topic I researched was the Economics and decisions and reason behind them in the NFL, specifically the Free Agency period whether it is a decision made by teams, players, coaches, or general managers. Each decision has different impacts and ultimately they all lead to the main goal of running a successful franchise or having a successful career in the NFL.
Throughout my research, I found that no decision is random in the NFL. However, unlike other sports, there is no equation for building the perfect team it is up to the staff to prioritize the needs based on their own experience with their teams. How NFL teams assess players and who assess them is a different situation for each team. Each team has different teams of scouts, coaches, and managers who help assess the value of the players. How they assess is up to that team and how they prioritize positions, youth, potential, experience, character, etc.
On the other end is the player themselves making the decision on which team to go with and why. Their decision-making process differs from that of the team because their goals may be different. Some players may care more about the money, winning, or personal success. Regardless of their motive for choosing a team, they are also more limited in their selections depending on their skill and what teams are looking for.
Ultimately, the main factor in an NFL transaction happening is the compatibility between the player and team. If a player and team are on completely separate pages of what they are trying to accomplish then very rarely will a deal ever be made between them? Not only is the compatibility and chemistry important in the transaction but to be successful on the team also.
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