{"product_id":"contract-year-phenomenon-in-the-national-hockey-league-von-robert-kleebaum","title":"Contract Year Phenomenon in the National Hockey League","description":"\u003cp\u003eContract Year Phenomenon in the NHL addresses the issue of employee incentives by examining the performance of professional hockey players. The statistical book-keeping in hockey offers a unique opportunity for examining employee performance, something most business settings lack. By first examining how NHL general managers unevenly weight performance in the final year of a player's contract we create motive for shirking. We then individually regress each statistical category on itself, with a dummy variable for contract year, to determine if player performance is statistically different in the final year of a contract. Our findings challenge the current method in which general managers quantify the value of players. With these results a general manager would have the information to eliminate inefficiencies in the current method giving them an information advantage when evaluating free agents. They also suggest that a different contract structure would be more effective in maximizing a player's incentives; which, in turn would maximize their statistical output and give their team the best chance of success.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783659546464\"\u003e\u003ch3\u003eExamining Employee Incentives in Professional Sports\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783659546464","offer_id":39467467636829,"sku":"9783659546464","price":23.9,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/3a92458d-5758-469e-b5d9-afeb4278f3c6.jpg?v=1774680081","url":"https:\/\/shop.autorenwelt.de\/products\/contract-year-phenomenon-in-the-national-hockey-league-von-robert-kleebaum","provider":"Autorenwelt Shop","version":"1.0","type":"link"}