Player Management – Buzzini Paperweights

Term	Definition
Backup	A player who plays a position but often doesn’t get into a game until the starter at that position is injured.
Small-market team	A professional sports team that does not earn much annual revenue compared to a big-market team.
Big-market team	A professional sports team that earns more annual revenue than a small-market team.
Draft	A formal process by which professional teams select amateur athletes to join their team.
Luxury tax	A penalty that a team, especially in Major League Baseball, must pay if they pay out a certain amount of money in player salaries in a given season.
Contract	A legal agreement between a team and a player in which the player is paid money in exchange for playing on the team.
Scouts	Talent evaluators for professional sports teams who scout, or research, amateur players who might one day become professionals.
Free agency	When a player has completed his present contract and is free to sign either with his existing team or a new team under a new contract.
Hometown discount	A savings that occurs when a star professional athlete signs a new contract with his existing team for less than his expected value in the free agent market.
Retirement	When a professional athlete decides he does not want to play any longer.
Trade	When players on two or more teams switch teams.
Roster	A list of players on a team.
Salary Cap	The annual dollar limit that a single team may pay all its players. The main purpose of a salary cap is to maintain competitiveness within a league.