FINC 410 A Sports Finance

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1 Columbia College Online Campus P a g e 1 FINC 410 A Sports Finance Early Fall Session August 17 October 10, 2015 Course Description An integrated course that incorporates concepts from economics, finance, statistics and operations research in approaching decision-making in sports management. Prerequisites: ECON 293, ECON 294, FINC 350, MATH 170, MATH 250 Proctored Exams: None Textbooks and Required Reading Textbook Leeds, Michael A. & Peter von Allmen (2014). The Economics of Sports, 5 th edition. Pearson. ISBN: Textbooks for the course may be ordered from MBS Direct. You can order online at (be sure to select Online Education rather than your home campus before selecting your class) by phone at For additional information about the bookstore, visit Required Reading The following texts and article are available (the texts as e-books) in Columbia College s Stafford Library. There is no charge to access these resources. The links to them may be found in the course Content area. This resource (for Week 6) covers valuation of private companies. Relate the concepts to your sports team, and include this information in your presentation: Damodaran, Aswath (2012). Investment Valuation: Tools and Techniques for Determining the Value of Any Asset (3rd ed.). Canada: Wiley & Sons. ISBN: Required Excerpts to Read: Chapter 1; Chapter 2; and Chapter 24. These resources (for Week 7) cover the capital budgeting issues of a company. Relate the concepts to your sports team, and include this information in your presentation: Baker, H. Kent (2011). Capital Budgeting Valuation: Financial Analysis for Today's Investment Projects. Canada: Wiley & Sons. ISBN: Required Excerpts to Read: Chapter 1, pages 1 to 5; Chapter 6, pages 95 to 100; and Chapter 12, pages 217 to 219. Harjoto, Maretno A. & John K. Paglia (2012). Cost of Capital and Capital Budgeting for

2 Columbia College Online Campus P a g e 2 Privately-Held Firms: Evidence from Business Owners Survey. Journal of Accounting & Finance, 12:5, ISSN: Required Excerpts to Read: pages 71 to 72; understand the tables in pages 75 to 81; and read the conclusion on page 83. Course Overview This course is designed to develop an understanding of financial and economic aspects of sports, both professional and college, including the pricing of tickets, revenue sharing, broadcast revenue, and sports merchandise. Major focuses include the government s role in influencing sports, a professional team s benefit to a city, the financial decision-making relating to sports teams, and the building of stadiums and other sports-related facilities. Students will financially analyze a sports team and submit a presentation, developing knowledge of the finance of sports, business acumen, and presentation skills. Technology Requirements Participation in this course will require the basic technology for all online classes at Columbia College: A computer with reliable Internet access, a web browser, Acrobat Reader, Microsoft Office or another word processor such as Open Office. You can find more details about standard technical requirements for our courses on our site. Course Objectives To learn to use various types of quantitative tools in the field of sports management. To identify specific aspects of sports management that can be approached using mathematical models and statistical methods. Measurable Learning Outcomes Explain the nature of sports franchises as profit-maximizing firms. Explain the mechanics of public finance as they apply to the funding and operation of sports teams. Explain the costs and benefits of a sports franchise to a city. Explain the economics of college sports teams and their impact on institutions of higher education. Analyze the fundamentals of financial decision-making as they apply to team acquisitions, sports franchises and facility investment. Explain the financial dynamics involved in the building of stadiums and facilities. Apply the principles of finance to determine the valuation of a sports facility, franchise or operation. Use capital budgeting techniques in the evaluation of investment decisions regarding sports franchises and facilities. Conduct a financial analysis of a sports franchise. Explain the principles of pricing as they apply to ticket prices. Explain the nature of competition in various aspects of the sports industry.

3 Columbia College Online Campus P a g e 3 Grading Grading Scale GRADE POINTS PERCENT A B C D F Grade Weights ASSIGNMENT POINTS PERCENT Discussions % Dropbox Questions % Quizzes % Midterm Exam % Final Exam % Sports Team Presentation % Total % Schedule of Due Dates WEEK ASSIGNMENT POINTS DUE DATE Discussion 1 10 Tuesday Discussion 2 10 Thursday 1 Discussion 3 10 Saturday Dropbox Assignment Week 1 30 Sunday Quiz 1 25 Sunday Discussion 4 10 Tuesday Discussion 5 10 Thursday 2 Discussion 6 10 Saturday Dropbox Assignment Week 2 30 Sunday Quiz 2 25 Sunday Discussion 7 10 Tuesday Discussion 8 10 Thursday 3 Discussion 9 10 Saturday Dropbox Assignment Week 3 30 Sunday Quiz 3 25 Sunday Discussion Tuesday 4 Discussion Thursday Discussion Saturday Midterm Exam 150 Sunday Discussion Tuesday Discussion Thursday 5 Discussion Saturday Dropbox Assignment Week 5 30 Sunday Quiz 4 25 Sunday 6 Discussion Tuesday

4 Columbia College Online Campus P a g e Discussion Thursday Discussion Saturday Dropbox Assignment Week 6 30 Sunday Quiz 5 25 Sunday Discussion Tuesday Discussion Thursday Discussion Saturday Dropbox Assignment Week 7 - Sports Team Presentation 110 Sunday Quiz 6 25 Sunday Discussion Tuesday Discussion Thursday Discussion Saturday Final Exam 200 Saturday Total 1000 Assignment Overview Discussion postings should be complete by their respective deadlines (Tuesdays, Thursdays and Saturdays at midnight) of each assigned week. Discussion postings will be graded according to the rubric below. You are expected to read and respond to classmate and instructor posts. To participate in discussions means more than simply posting your answer to the discussion question and moving on. It means reading what others think about the question, and responding to them. Good post is not considered participation and will not count as credit. Students must post to a minimum of two classmates on each discussion for full credit. As you might expect, we will have many discussions on sports teams. Please remember that this is an academic setting, and that all responses must be premised on a financial basis (after introductions where you may show preference for your team). Please remember that our discussions are to learn how to look at sports in a financial light. Dropbox Assignments: Five short-answer writing assignments (weeks 1, 2, 3, 5, and 6) will be assessed based on analytical and critical thinking skills, completeness, correct spelling, correct formatting and citations, and neatness. These writing assignments will be graded according to the rubrics below. The Week 7 Assignment will be a progressive assignment analyzing a sports team (professional, chosen from MLB, NBA, NFL, NHL, or worldwide soccer team leagues) of your choice. The assignment will require coverage of required information for the subject team in a written presentation using APA formatting, and will be assessed based on analytical and critical thinking skills, completeness, correct spelling, correct formatting and citations, and neatness. There is a separate rubric for this assignment. Quizzes: There will be a 10-question quiz in Weeks 1, 2, 3, 5, 6, and 7 (weeks without a midterm or final exam). Each quiz may have multiple-choice and/or true/false questions. You will have 20 minutes to complete each quiz. All quizzes may be found under the Quizzes link. Exams: There will be a midterm and a final exam. The midterm has 30 multiple-choice, true/false, and short-answer questions. It covers material from Weeks 1 to 4 and you will have 60 minutes to complete the exam. The 40-question final exam contains questions from all weeks of the course. You will have 90 minutes to complete the final exam. Both exams may be found under the Quizzes link.

5 Columbia College Online Campus P a g e 5 Course Schedule Week 1: Demand, supply and sports market outcomes Readings Leeds: Read Chapter 1 and review Chapter 2 (economic concepts) Read the Plagiarism Tutorial found in our Content section. This will give you information on how to write for our college class and avoid getting a "0" on a paper that you have diligently written. After reading the Plagiarism Tutorial, please take the Plagiarism Quiz found in our Quizzes section. You may take this Quiz as often as you would like. Please note that you will not have access to the Dropbox to submit your first assignment until you have viewed the Tutorial and taken the Plagiarism Quiz. You must take the Quiz through our course to allow you to submit your first writing assignment. Discussion Assignments Quiz 1 1. Introduce yourself in the "Introductions" topic. Please give us more than your name. Include your profession, hobbies, interest in sports, and any other pertinent information that will help us get to know one another. Comment also on what you would like to discover in the next 8 weeks. Please post your response in the appropriate topic by midnight Tuesday. 2. What effect does stubhub.com have on fans and owners? When teams with more star players are on the road, do the opposing teams charge higher prices for tickets to the games? Should they? Please post your response by midnight Thursday. 3. What affects the price of baseball cards and what competes with sports? On what else can consumers spend their money? Please post your response by midnight Saturday. Take the 10-question quiz (of true/false and multiple-choice questions) found in the Quizzes link by midnight Sunday. You will have 20 minutes to take this quiz. Dropbox Assignment 1 Short-answer questions 1. Pick the team you will use for the Week 7 presentation (professional, not amateur or college; see the specifications following) and give a short history of that team. 2. Explain the structure of your sports team s league and a short history of it. Each question should be answered in paragraph form with at least 75 words, double-spaced, with citations; and the completed set of answers is due by midnight Sunday. You will not have access to the Dropbox to submit your first assignment until you have viewed the Plagiarism Tutorial and taken the Quiz. These questions are due by midnight Sunday, so please plan accordingly. Sports Team Presentation For the 2,000-word sports team presentation due at the end of Week 7, this week you must pick a team you would like to use for this assignment (a professional sports team, no amateur or college teams). You will be analyzing the team s history and financials and presenting it in a research paper with APA format. It is best to pick a team you like, as you ll be spending a lot of time with the assignment. Here are the requirements (some of the required writing will also be included in the short-answer assignments and can be used for the paper; a rubric is also provided for this assignment): History of the team and of the league; and events of note since the beginning, including

6 Columbia College Online Campus P a g e 6 historic star players The team s stadium, court, or rink; where it plays Current star players Known competition An overview of the fans Current owners and financial backers Current financial picture, including ticket and merchandise prices, and revenue sharing Valuation of the team as given at Forbes.com as indicated in the Content area of this course. Explain why the team s valuation is high, low, or in the mid-range of other teams in that sport, indicate which part of the valuation (figures given with the valuation, e.g., operating income, revenue, growth) is the most important to the valuation, and compare the valuation with other teams in that sport. Basic capital budgeting of the team (how they spend their funds) and any known possible changes for the future A stated recommendation for where this sports team should invest its funds going forward based on financial information in the presentation (e.g., there are presently enough funds for the recommendation) Reliable sources listed for all information APA formatting of the presentation paper Week 2: Team cost, profit and winning Readings Leeds: Chapter 3 Discussion Assignments Quiz 2 4. Would fans be better off if the government prevented media outlets such as Disney or local cable companies from owning pro sports teams? Is free agency without a salary cap good or bad for competitive balance? Please post by midnight on Tuesday. 5. An executive for the Toronto Blue Jays once bragged that he could turn a multi-million dollar profit into a multi-million dollar loss without violating generally accepted accounting principles. How would a team do this? Please post by midnight on Thursday. 6. How can it be that the San Diego Padres, one of the weakest teams in the National League from a wins-losses perspective, is one of the most profitable teams? Please post by midnight on Saturday. Take the 10-question quiz (of true/false and multiple-choice questions) found in the Quizzes link by midnight Sunday. You will have 20 minutes to take this quiz. Dropbox Assignment 2 Short-answer questions 1. How are your sports team and its league doing financially? Does it have a lot of revenue and does it use its funds conservatively or not? 2. Is your sports team involved in revenue sharing and does it contribute to other teams,

7 Columbia College Online Campus P a g e 7 receive from other teams, or both? Each question should be answered in paragraph form with at least 75 words, double-spaced, with citations; and the completed set of answers is due by midnight Sunday. Week 3: The value of sports talent Readings Leeds: Chapter 8 Discussion Assignments Quiz 3 7. What pressures lead sprinters to take steroids and gymnasts to develop eating disorders? Explain the logical reason behind whatever has led to these pressures. Please post by Tuesday at midnight. 8. Go to Fantex.com and discuss this relatively new concept of stock in star sports players. Do you think this will last? What do you think of investing in players and the importance of injuries in this process? Please post by Thursday at midnight. 9. Why was Kevin Garnett s seven-year $126 million contract to play with the Boston Celtics worth less than $126 million on the day that that he signed it? Please post by Saturday at midnight. Take the 10-question quiz (of true/false and multiple-choice questions) found in the Quizzes link by midnight Sunday. You will have 20 minutes to take this quiz. Dropbox Assignment 3 Short-answer questions 1. Suppose a college junior could earn a salary of $500,000 by declaring himself eligible for the draft. If he waits until after his senior year, his salary will be $600,000. If the interest rate is 8 percent, should he stay for his senior year or not? (Show the calculation and answer; no need for a 75-word answer.) 2. What star players are on your sports team and how do they compare to star players on other teams in the league? 3. How does the pay of star players on your team affect its financial standing? Questions 2 and 3 should be answered in paragraph form with at least 75 words, doublespaced, with citations; and the completed set of answers is due by midnight Sunday. Week 4: Government and the sports business Readings Leeds: Chapters 6 & 7 Discussion Assignments 10. View and/or listen to the story, The Cost To Keep The Home Team At Home May Not Be Worth It (link in Content and Discussions areas) and comment on whether you favor or do not approve of taxpayer dollars funding sports teams. The comments to the story are also interesting and you can include and investigate the opinions given there, particularly examples of stadiums revitalizing areas and the nonprofit status of the NFL. Please post by Tuesday at midnight. 11. What are the Ramsey Rule and the Winner s Curse? Explain examples of each. Please post

8 Columbia College Online Campus P a g e 8 your response by Thursday at midnight. 12. Why did the Dodgers leave Brooklyn and why was it so much more shocking to fans when they were not the first team that moved to another city? Please post your response by Saturday at midnight. Midterm Exam The 30-question midterm exam, found in the Quizzes link, is due by midnight Sunday. It has true/false, multiple-choice, and short-answer questions, and covers Weeks 1 to 4. You will have 60 minutes to complete this exam. Week 5: Financial decisions relating to sports management, competition and pricing Readings Leeds: Chapters 4 & 5 Discussion Assignments Quiz Is cooperation between franchises a violation of antitrust laws? Is a sports monopoly in a city a bad thing? Please post your answer by Tuesday at midnight. 14. Analyze the strategy used by Oakland Athletics baseball manager Billy Beane and made famous in the movie Moneyball as a competitive edge. Please post your response by Thursday at midnight. 15. If you had to raise funds for a new stadium in your city, how would you do so? Would you use a lottery for funds? Why or why not? Please post your response by Saturday at midnight. Take the 10-question quiz (of true/false and multiple-choice questions) found in the Quizzes link by midnight Sunday. You will have 20 minutes to take this quiz. Dropbox Assignment 5 Short-answer questions 1. Given the following winning percentages of the teams in a league (for a single year), compute the within-season standard deviation for the league (provide the answer with your calculation only; no need for a 75-word answer here). Team Season Winning Percentage Describe the stadium your sports player uses and its origin. What funds were used to build the stadium? 3. How does the city of your team benefit the team and how does the team benefit the city? 4. What competition does your team have?

9 Columbia College Online Campus P a g e 9 Questions 2, 3, and 4 should be answered in paragraph form with at least 75 words, doublespaced, with citations; and the completed set of answers is due by midnight Sunday. Week 6: Financial analysis of a sports franchise Readings Read Chapter 1; Chapter 2; and Chapter 24 in the following e-book: Damodaran, Aswath (2012). Investment Valuation: Tools and Techniques for Determining the Value of Any Asset (3rd ed.). Canada: Wiley & Sons. ISBN: (Access the Stafford Library e-book by following the directions and link in the Content area.) Discussion Assignments 16. Read, in the Week 6 Content area, some of the articles and/or other information about Frank and Jamie McCourt and their ownership of the LA Dodgers baseball team from 2003 to 2011, including the then baseball commissioner s (Bud Selig) role in stopping the McCourts from piling up debt. Discuss the opinions about this case and what the baseball league did to stop it, and cite any sources used. Please post by Tuesday at midnight. 17. According to the Damodaran text and any other sources, what are the three most important aspects of valuing a private firm, such as a sports team, and what are some of the difficulties in and ways of obtaining financial information? Please post by Thursday at midnight. 18. What steps can be taken by a team owner to maximize interest in his team in order to sell? Please post by Saturday at midnight. Quiz 5 Take the 10-question quiz (of true/false and multiple-choice questions) found in the Quizzes link by midnight Sunday. You will have 20 minutes to take this quiz. Dropbox Assignment 6 Short-answer questions 1. From what source is most of your team s revenue (ticketing, broadcasting, memorabilia)? And discuss historic changes in the team s revenue. 2. Indicate the valuation of your sports team, and discuss any ups or downs of revenue for that team. (Show what figures are important in the valuation.) 3. Discuss the ownership of your team, including whether it has often changed ownership, how the owners spend on the team (a lot or a little), and how fans view the ownership. Course Evaluations Each question should be answered in paragraph form with at least 75 words, doublespaced, with citations; and the completed set of answers is due by midnight Sunday. You will have an opportunity to evaluate the course near the end of the session. A link will be sent to your CougarMail that will allow you to access the evaluation. Be assured that the evaluations are anonymous and that your instructor will not be able to see them until after final grades are submitted. Week 7: Capital budgeting and investment decisions Readings

10 Columbia College Online Campus P a g e 10 Review Leeds, Chapter 3. Read Chapter 1, pages 1 to 5; Chapter 6, pages 95 to 100; and Chapter 12, pages 217 to 219 in the following e-book: Baker, H. Kent (2011). Capital Budgeting Valuation: Financial Analysis for Today's Investment Projects. Canada: Wiley & Sons. ISBN: (Access the Stafford Library e-book by following the directions and link in the Content area.) Read pages 71 to 72; understand the tables in pages 75 to 81; and read the Conclusion on page 83 in the following e-journal article: Harjoto, Maretno A. & John K. Paglia (2012). Cost of Capital and Capital Budgeting for Privately- Held Firms: Evidence from Business Owners Survey. Journal of Accounting & Finance, 12:5, (Access the Stafford Library article by following the directions and link in the Content area.) Discussion Assignments Quiz What are the six stages of the capital budgeting process and what could go wrong at each stage? Please post your answer by Tuesday at midnight. 20. Give examples of sports teams and explain whether they invest in long-term or short-term prospects. Please post your answer by Thursday at midnight. 21. Why do some managers prefer to invest in a project with short-term performance? Please post your answer by Saturday at midnight. Take the 10-question quiz (of true/false and multiple-choice questions) found in the Quizzes link by midnight Sunday. You will have 20 minutes to take this quiz. Dropbox Assignment 7 Sports Team Presentation You will prepare an APA formatted presentation of at least 1,200 words with specified information about your chosen sports team (Short-answer questions from previous assignments may be used, but likely expanded somewhat). The aspects you must cover about your team are listed above, in the Week 1 section of this syllabus (and in the Week 1 module in the course Content area). The presentation is due by midnight Sunday. Week 8: College sports issues Readings Leeds: Chapter 11 Discussion Assignments 22. Some colleges profit from their athletic programs and some do not. Provide examples of each and give reasons why those colleges not profiting with revenue continue their athletic programs. Please post by Tuesday at midnight. 23. The typical problem faced by a cartel is the incentive for its members to overproduce. Explain why this is not a problem in the NCAA. Also give reasons why the NCAA is considered a monopoly and a monopsony. Please post your response by Thursday at midnight. 24. How do coaches and players benefit from college sports? How do football and basketball teams benefit from college sports? Please post your response by Saturday at midnight.

11 Columbia College Online Campus P a g e 11 Final Exam Course Policies Student Conduct Plagiarism The 40-question final exam, found in the Quizzes link, is due by midnight Saturday. It has true/false, multiple-choice, and short-answer questions. You will have 90 minutes to complete this exam. All Columbia College students, whether enrolled in a land-based or online course, are responsible for behaving in a manner consistent with Columbia College's Student Conduct Code and Acceptable Use Policy. Students violating these policies will be referred to the office of Student Affairs and/or the office of Academic Affairs for possible disciplinary action. The Student Code of Conduct and the Computer Use Policy for students can be found in the Columbia College Student Handbook. The Handbook is available online; you can also obtain a copy by calling the Student Affairs office (Campus Life) at The teacher maintains the right to manage a positive learning environment, and all students must adhere to the conventions of online etiquette. Your grade will be based in large part on the originality of your ideas and your written presentation of these ideas. Presenting the words, ideas, or expression of another in any form as your own is plagiarism. Students who fail to properly give credit for information contained in their written work (papers, journals, exams, etc.) are violating the intellectual property rights of the original author. For proper citation of the original authors, you should reference the appropriate publication manual for your degree program or course (APA, MLA, etc.). Violations are taken seriously in higher education and may result in a failing grade on the assignment, a grade of "F" for the course, or dismissal from the College. Collaboration conducted between students without prior permission from the instructor is considered plagiarism and will be treated as such. Spouses and roommates taking the same course should be particularly careful. All required papers may be submitted for textual similarity review to Turnitin.com for the detection of plagiarism. All submitted papers may be included in the Turnitin.com reference database for the purpose of detecting plagiarism. This service is subject to the Terms and Conditions of Use posted on the Turnitin.com site. Please also note that work done in a previous course, in whole or in part, will not be accepted for a grade. There is an excellent plagiarism tutorial that can be found in your course content area in D2L. Please take advantage of this tutorial and available quiz. Non-Discrimination There will be no discrimination on the basis of sex, race, color, national origin, sexual orientation, religion, ideology, political affiliation, veteran status, age, physical handicap, or marital status. Disability Services Students with documented disabilities who may need academic services for this course are required to register with the Coordinator for Disability Services at (573) Until the student has been cleared through the disability services office, accommodations do not have to be granted. If you are a student who has a documented disability, it is important for you to read the entire syllabus before enrolling in the course. The structure or the content of the course may make an accommodation not feasible.

12 Columbia College Online Campus P a g e 12 Online Participation You are expected to read the assigned texts and participate in the discussions and other course activities each week. Assignments should be posted by the due dates stated on the grading schedule in your syllabus. If an emergency arises that prevents you from participating in class, please let your instructor know as soon as possible. Attendance Policy Attendance for a week will be counted as having submitted a course assignment for which points have been earned during that week of the session or if the proctoring information has been submitted or the plagiarism quiz taken if there is no other assignment due that week. A class week is defined as the period of time between Monday and Sunday (except for Week 8, when the week and the course will end on Saturday at midnight). The course and system deadlines are all based on the Central Time Zone. Cougar All students are provided a CougarMail account when they enroll in classes at Columbia College. You are responsible for monitoring from that account for important messages from the College and from your instructor. You may forward your Cougar account to another account; however, the College cannot be held responsible for breaches in security or service interruptions with other providers. Students should use for private messages to the instructor and other students. The class discussions are for public messages so the class members can each see what others have to say about any given topic and respond. Late Assignment Policy An online class requires regular participation and a commitment to your instructor and your classmates to regularly engage in the reading, discussion and writing assignments. Although most of the online communication for this course is asynchronous, you must be able to commit to the schedule of work for the class for the next eight weeks. You must keep up with the schedule of reading and writing to successfully complete the class. Because assignments are organized on a weekly basis, and an eight-week online course is very fast paced, all late assignments will be subject to tardiness penalties. Because discussions are predicated on the timely interactions of students, I will not award any points for late discussion posts. Late dropbox assignments will be subject to a 5-point reduction for each late day. No late assignments will be accepted without extenuating circumstances beyond the control of the student and with instructor notification prior to the due date (Columbia College Catalog). All course work and assignments must be completed by 11:59 p.m. CT Saturday of Week 8, the last day of the session. Course Evaluation You will have an opportunity to evaluate the course near the end of the session. A link will be sent to your CougarMail that will allow you to access the evaluation. Be assured that the evaluations are anonymous and that your instructor will not be able to see them until after final grades are submitted. Additional Resources Orientation for New Students This course is offered online, using course management software provided by Desire2Learn and Columbia College. The Student Manual provides details about taking an online course at Columbia

13 Columbia College Online Campus P a g e 13 College. You may also want to visit the course demonstration to view a sample course before this one opens. Technical Support If you have problems accessing the course or posting your assignments, contact your instructor, the Columbia College Helpdesk, or the D2L Helpdesk for assistance. Contact information is also available within the online course environment ex Online Tutoring Smarthinking is a free online tutoring service available to all Columbia College students. Smarthinking provides real-time online tutoring and homework help for Math, English, and Writing. Smarthinking also provides access to live tutorials in writing and math, as well as a full range of study resources, including writing manuals, sample problems, and study skills manuals. You can access the service from wherever you have a connection to the Internet. I encourage you to take advantage of this free service provided by the college. Access Smarthinking through CougarTrack under Students->Academics->Academic Resources. Grading Criteria Discussions Rubric Criteria Exceeds Expectations (A) Meets Expectations (B-C) Below Expectations (D-F) Response (50%) Posts appropriately to all prompts in the discussions. Reflects a full understanding of all key concepts, questions and assigned readings. Examples are used and cited. One or more elements are missing. Reflects a moderate understanding of key concepts, questions, and assigned readings. Few examples are used or cited. Only briefly touches on one or more elements, minimal effort. Content is off-topic or only summarizes others' posts. No examples and does not address readings. Depth (40%) Posts are substantive and provoke further thought/discussion, providing in-depth analysis or application of the concepts/questions. Posts are simple but show some insight and analysis. Viewpoints are expressed but lack detail. Offers some new line of thinking. Does not express position clearly. Lacks insight and analysis. Posts do not inspire further thinking. Participation (10%) Responds to two classmates original postings. Responds to at least one classmate s original posting. No response posting. Student Conduct: Please remember that this is an academic setting, and that all responses must be premised on the financial and economic perspective of sports. Posting requirement: Posts must be submitted by due date for credit. Plagiarized posts: Students will receive a zero for a plagiarized post from either this session or a previous session.

14 Columbia College Online Campus P a g e 14 Dropbox Assignments Rubric for Weeks 1, 2, 3, 5, and 6 Criteria A B C D F Content (50%) Fully addresses all prompts with critical, in-depth assessments and conclusions. Responds appropriately to prompts, but thoughts may not be fully developed. Adequate, but weak and less effective response to prompts. Does not have clear ideas. Answers may be too vague to be developed effectively. Does not cover the prompts or lacks development of the ideas. Plagiarized papers will receive a zero. Organization (30%) Answers are organized, coherent, and effective, with transitions between ideas. Avoids spelling errors, improper grammar, punctuation, and other technical mistakes. Shows organization through a logical progression of ideas and fairly sophisticated answers. May contain a few errors that do not impede overall understanding. May list ideas or arrange them randomly rather than using clear logical structure. Usually contains mechanical errors. May have random organization. Usually contains many mechanical errors or few major errors that impede reader's understanding and ability to see idea progression. Lacks organization. Contains many mechanical errors or few major errors that block reader's understanding and ability to recognize the thoughts. Mechanics (10%) Guidelines: Includes at least 75 words for each answer (unless noted otherwise), double spaced with 1-inch margins, using 12-point, Times New Roman (or similar) font. Follows most of the guidelines. Follows some of the guidelines. Follows only a few of the guidelines. Does not follow the guidelines. Support (10%) Cites all authors used in the answers appropriately, using APA Style in citations and reference page. Cites most of the authors used in the answers appropriately, using APA Style in citations and reference page. Cites only some of the authors used in the answers using APA Style, but may have some errors in the citation style. Use of unreliable source(s) (e.g., Wikipedia and Investopedia). Does not use the APA Style or uses only a couple of authors or does not cite correctly. Use of unreliable source(s) (e.g., Wikipedia and Investopedia). Does not use the APA Style or does not cite correctly. Use of unreliable source(s) (e.g., Wikipedia and Investopedia).

15 Columbia College Online Campus P a g e 15 Dropbox Assignment Rubric for Week 7: Sports Team Presentation Criteria A B C D F Content (50%) Fully addresses all requirements with critical, indepth assessments and conclusions. Clearly states the subjects and reflects a thorough understanding of topics covered using critical thought. Most requirements are covered. Clearly states the subjects, but may not be fully developed. Shows evidence of most topics, but lacks critical thought. Adequate, but weak and less effective response to the requirements. The subjects are covered weakly and a lack of understanding of the topics is shown. Does not have clear ideas. The requirements are not developed effectively. Lacks comprehension of topics covered. Does not cover the required topics or lacks a comprehension of the subjects. Plagiarized papers will receive a zero. Organization (30%) Paragraphs are organized, coherent, and effective, with transitions between ideas. Includes an introduction, body, and conclusion. Avoids spelling errors, improper grammar, punctuation, and other technical mistakes. Shows organization through a logical progression of ideas and fairly sophisticated transitional devices. May contain a few errors that do not impede overall understanding. May list ideas or arrange them randomly rather than using clear logical structure. Usually contains mechanical errors. May have random organization. Usually contains many mechanical errors or few major errors that impede reader's understanding and ability to see idea progression. Lacks organization. Contains many mechanical errors or few major errors that block reader's understanding and ability to recognize connections between thoughts. Mechanics (10%) Guidelines: Includes at least 1,200 words of fully typed text, title page, double spaced, 1-inch margins, using 12-point, Times New Roman (or similar) font. Follows most of the guidelines. Follows some of the guidelines. Follows only few of the guidelines. Does not follow the guidelines. Support (10%) Cites all authors used in the presentation appropriately, using APA Style Cites most of the authors used in the presentation appropriately, using APA Style in Cites only some of the authors used in the presentation using APA Style, Does not use the APA Style or uses only a couple of authors or does not cite correctly. Does not use the APA Style or does not cite correctly. Use of unreliable source(s) (e.g.,

16 Columbia College Online Campus P a g e 16 Criteria A B C D F in citations and reference page. citations and reference page. but may have some errors in the citation style. Use of unreliable source(s) (e.g., Wikipedia and Investopedia). Use of unreliable source(s) (e.g., Wikipedia and Investopedia). Wikipedia and Investopedia).

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