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| Division III is the largest (has the most schools) of all the divisions in the NCAA. |
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| The creation of three divisions within the NCAA has allowed Division I to refuse all requests of Division II schools to move up to Division I until 2014. |
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| The number of spectators that a college’s or university’s basketball arena holds can be a contributing factor in deciding which NCAA division the school belongs to. |
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| The NCAA is more than 120 years old. |
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| Pioneered and most effectively implemented by the NFL, this term represents the notion that teams must recognize the importance of their competition and share revenues to ensure that their competitors remain strong. |
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| The acquisition of rights to affiliate or associate directly with a product or event for the purpose of deriving benefits related to that affiliation or association. |
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| Device used by MLB and the NBA to tax the teams that spend the most (or spend too much as defined by the collective bargaining agreement) on player payroll and to share those taxes with teams that do not have high payrolls. |
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| A collective group of athletes in team sports who unionize so that the athletes can bargain collectively with the league owners (management). Typically represented by a union head in negotiations with management. |
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| Agreements collectively bargained between labor and management that establish a leaguewide team payroll (i.e., salaries, bonuses, and incentive clauses) threshold that cannot be exceeded in most cases. Typically set using a percentage of league gross revenues as a starting point. |
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| The collective group of ownership that is negotiating with the players, or labor. Typically represented by a league commissioner, who is technically an agent for the owners, in negotiations with labor. |
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