Location
Marshall University
Start Date
9-11-2018 1:30 PM
End Date
9-11-2018 1:50 PM
Description
The Philadelphia Athletics lost the 1914 World Series to the Boston Braves, being swept in four games. The Athletics had been favored to win the Series over the Braves, who had been in last place as late as the Fourth of July. After the season, Connie Mack, the owner/manager, sold many of the best players for the Athletics. The sale of athletes is often attributed to financial pressures caused by the Federal League, which hired several star players at relatively high salaries and began play in 1914. Perhaps the sales were part of an effort to rebuild the team after the disappointing loss of the World Series. This study will examine the financial implications of the sale of players' contracts.
This study has several uses in the classroom. The event may be presented as a sale of assets and incorporated into the decision making component of managerial or cost accounting. as a general rule, such sales should occur if profits will increase as a result. Based on this rule, did Connie Mack make the best decision?
This study may also be considered a forensic analysis of the sales. Do the sales make financial sense? If not, what motivations may have influenced Mack? This study will present preliminary analysis of the financial implications of the sales. The Athletics seemed to lose value in the sales. Possible motivations will be explored as the basis of future studies.
Included in
An Analysis of the Sale of Contracts by the Athletics after the 1914 Season
Marshall University
The Philadelphia Athletics lost the 1914 World Series to the Boston Braves, being swept in four games. The Athletics had been favored to win the Series over the Braves, who had been in last place as late as the Fourth of July. After the season, Connie Mack, the owner/manager, sold many of the best players for the Athletics. The sale of athletes is often attributed to financial pressures caused by the Federal League, which hired several star players at relatively high salaries and began play in 1914. Perhaps the sales were part of an effort to rebuild the team after the disappointing loss of the World Series. This study will examine the financial implications of the sale of players' contracts.
This study has several uses in the classroom. The event may be presented as a sale of assets and incorporated into the decision making component of managerial or cost accounting. as a general rule, such sales should occur if profits will increase as a result. Based on this rule, did Connie Mack make the best decision?
This study may also be considered a forensic analysis of the sales. Do the sales make financial sense? If not, what motivations may have influenced Mack? This study will present preliminary analysis of the financial implications of the sales. The Athletics seemed to lose value in the sales. Possible motivations will be explored as the basis of future studies.
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