As a lifelong sports fan of both leagues, this terrifies me. The thought of a Sunday going by without football or of a time when I can’t vehemently root against LeBron James almost brings me to tears. It makes me wish Jack Donaghy were a real person so he could put his negotiation skills to good use and settle these labor disputes.
But as a student in a business school that teaches its students to learn from real world examples, I am fascinated by what is going on. I concede that it’s a little sickening to watch billionaires argue with millionaires about how to split up astronomical amounts of money. But I believe there is a lot to be learned from the labor negotiations, and I will briefly touch on one such example.
Whether we are deciding an adequate price for our services or coming up with an agreement to work with another person/firm, the ability to negotiate will play a large role in determining if we succeed or not. The Huntsman School of Business is filled with professionals who have experience with this matter, and I encourage all students to take advantage of this. If we all learned how to fairly negotiate, I believe we could arrange solid agreements that would avoid drastic measures like work stoppages that would cost the NFL and NBA millions of dollars.