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EconFantasy.com
is currently a 12 team Fantasy Football League Simulation using
real National Football League players in real time. Participants
in the simulation negotiate a league constitution, make front
office financial decisions, and manage on-the-field competition.
(The site is customizable for
any sports league - MLB, NBA, NHL, etc. - for any number of
teams.)
What is Fantasy Football?
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Fantasy
Football allows participants to create football franchises
by selecting players from actual NFL teams. Each week franchise
owners select starting line-ups and compete head-to-head
against another fantasy franchise. Points are scored based
on the performance of the NFL players (i.e. 6 points for
a touchdown, 1 point for every 10 yards rushing, etc.).
The franchise with the most points gets the win. After a
10 game season, the top teams enter a playoff to crown the
fantasy league champion.
Why EconFantasy.com?
- EconFantasy.com
brings the reality of sports economics to the fantasy league.
- Students
are assigned to a franchise in markets with different revenue
producing potential.
- Students
are fully responsible for the financial success of their individual
franchise and the league. Students are also responsible for
their own on-the-field success and for the competitive balance
of the league.
- Students
select the NFL players for their fantasy franchise by bidding
on them in a free agent market.
- Students
set ticket and concession prices for every home game for their
franchise.
- Students
negotiate stadium sponsorships for their fantasy franchise over
the course of the season.
- Students
manage their franchise's balance sheet in an effort to be profitable.
Students
make a number of decisions for their franchise and their league.
EconFantasy.com
students will:
- Negotiate
media contracts (as individual franchises or as a collective
league).
- Determine
media, ticket, concession, and merchandise revenue sharing arrangements
(consider implications for league competitveness, fan interest,
franchise financial and on-the-field success, and franchise
payrolls).
- Determine
whether it is possible to collude to keep payrolls low.
- Understand
if there is a trade off between being competitive and being
profitable.
- Optimally
set prices to maximize ticket revenue and concession profits
based on factors of consumer demand.
- Determine
whether a short or long term sponsorship contract is more appropriate
given their attitude toward risk.
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