economic principle I’m exploring is how people's decisions are influenced by scarcity of
goods and the opportunity costs associated with them.
First, in order for a team to develop they most give up other things such as players and money. The warriors have been able to get five superstars where others are lucky to have two. In the warriors case the players have given up a lot of money to keep that dynasty together.
Second, some players that have signed with the warriors have seen a huge opportunity cost of money. Superstars that deserve max contracts were signing for a small fraction of what they are worth, because of the scarcity of money a team is able to spend.
Third, in order to gather these high callabar players teams must give up other resources i.e Demarcus cousins is among the elite and deserves a well over a hundred million dollar contract. the warriors a team with limited salary space weren't able to offer him what heś worth. Which caused Demarcus to take a six million dollar contract which is close to nothing for an elite player such as Demarcus.
In my next blog post I will research the question: how have other teams reacted to these unbalanced teams?
I learned the NBA has created a super team that is basically undefeatable. One suggestion I would make is just to expand on the super team and what how it hurts all the other teams.
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