1.) Let's assume that when the current NFL. collective bargaining agreement expires in 2020 the owners lock out the players. The main hang up between the two sides is the players search for 45% of the SISB in football revenues, while the owners want the players to take just 41%. Ultimately the two sides agree on a 43% share for the players on a 7 year CBA, but not before 4 games are lost, resulting in a 12-game NFL season in 2020 Assuming a 5% rate of return for the players and 2% growth in revenues, is this holdout worthwhile for the players? What is the total gain/loss? 2.) What if instead the players hold out longer and ultimately got their 45% share on a 7-year CBA, but not before half the 2020 season is cancelled, resulting in an abbreviated 8-game schedule. Assume that in this case, the cancellation of half the season results in no growth in NFL revenues over the course of the 7-year CBA. Was this deal better or worse for the players? What is the total gain/loss? Part IV: Conceptual Open Response Questions (3 questions x 10 points each = 30 points) For the following 3 questions, provide an answer in 3-5 sentences. 1.) In 1999, Bobby Bonilla was injured for a significant portion of the season, and when healthy batted a paltry.160 for the New York Mets. In 2000, Bonilla was due to eam $5.9M in salary for the final year of his contract, but he and the team negotiated a deal that would void the final year of the contract in exchange for a 25-year, S1.19M/year annuity to be paid to Bonilla starting in 2011. Explain why this was a good deal for both sides