Research On Flow System Of Chinese Professional Basketball Player From The View Of Contact Theory

Professional basketball players'effective flow can optimize allocation among clubs of the whole alliance and balance the strength of different teams in the clubs.It would make the outcome of the match become more uncertain and attractive.Whether the professional basketball players can flow effectively or not is closely related to the system arrangement of players flow.That is to say,the reasonable system arrangement can effectively promote the flow of players.So it seems quite important to research the system arrangement of professional basketball players in China.There are different contract subjects and different levels of trust-agent relationships made by the contract subjects in the process of professional basketball players flow in China.All levels of agents are likely to have opportunistic behavior and trust-agent problems because of information asymmetry.This article adopts literature retrieval method,expert interview method and other research methods,makes use of the trust-agent theory,puts different contract subjects and trust-agent relationships of different contract subjects in the framework of institutional analysis,and analyzes the principal agent relationship,the game equilibrium,the transaction cost and other variable factors in the control system.The purpose of this paper is to put forward the concrete ways to reform the current system of professional basketball players in China and to solve the problem of the principal-agent problem between the two parties.The followings are the results of research:1.Economic man,bounded rationality,opportunism and transaction cost are the basic premises of contract analysis.Management,club,athletes and brokers are the main contract body in the current system of professional basketball players in China.Different contract subjects form different levels of the principal agent relationships.Institutional analysis,game analysis,opportunism analysis and transaction cost analysis constitute together the the contract analysis framework of the current system of professional basketball players in China.2.The NBA enrolls the nev players by the talent choosing system and thus maintain the competitive and the popular degrees of the competition.The transfer system can promote the flow of players among different teams,keeping the balance of power among different teams and the uncertainty of the match results.The salary system,the salary cap and the luxury tax system can limit the financial income and expense of the team and the wage income of the players,balancing the benefits among each contract subjects.These matured experiences provide important important inspiration for this article on the establishment of players flow system,including the balance of power and benefit,the freedom of information,the clearance of system boundary,the clarity of the property rights of the athletes,etc.3.The period from 1995 to 2003 is the initial stage of flow system of CBA professional athletes in China.The flow of athletes is led by the local sports bureau.It is very difficult for the athletes,especially the key member,to flow because all provinces and municipalities strictly keep their own athletes.From 2003 to now,the athletes flow system is reformed and become more perfect.The athletes flow system is standardized,the number of the flowing athletes are growing every year,the strength of every team is further balanced,the suspense of the competition outcome is greatly improved.4.Based on the contract analysis of principal agent between the public and the management agent,we find that the agent management has some opportunistic behaviors,such as on-the-job consumption,working vacation,renting through the advantage of one's position.There is dilemma in the public supervision.5.Based on the contract analysis of principal agent between the management party and the club,we find that the club,as an agent,still has the opportunistic behaviors,such as taking advantage of the high transfer fees,joining force with the local sports bureau,which hinder the flow of the athletes.6.Based on the contract analysis of principal agent between the Basketball Association and local sports bureau,we find that the local sports bureau,as the agent,also have the opportunistic behaviors,such as taking advantage of personnel relationship and inaccurate of the the property right of the athlete capital,which hinder the flow of athletes.7.Based on the contract analysis of the clubs and the principal agent,we find that the in flowing club,as an agent,have the opportunistic behaviors,such as introducing athletes by "signing fee",“contract of Yin and Yang" and some other unreasonable means,resulting in the principal-agent problem.8.Based on the contract analysis of principal agent between the club and the players,we find that the athletes,as the agent,have the opportunistic behaviors during the flow of athletes,such as it is found that the athletes who are the agents in the flow will have "self shock" and "meeting fee",etc.9.To deal with the principal-agent problem in the flowing of athletes,we should take the following steps.First,allocate the residual rights of control in the flow of athletes in a reasonable way and increase agency parties' right of speech,to lay the foundation for consultation and cooperation;secondly,perfect the information exchange between the principal agents,reduce the principal-agent problem caused by asymmetric information;third,establish the effective interest expression mechanism,soften interests between different levels of agents and principals,decrease the principal-agent problems caused by target differences;fourth,improve the incentive system,encourage the anticipated behaviors behaviors of the agent,making the agent's behavior conforms more to the requirements of clients;fifth,improve the regulatory system,strengthen the constraints of the personnel agent in the dealing of matters and the punishment of them after the opportunistic behaviors,reduce the agent's opportunistic behaviors.