Disputes between labor and management in professional sport have sometimes resulted in work stoppages, either in the form of a strike (initiated by the players) or a lockout (initiated by the owners). In both cases, the players negotiate for better benefits, including a better pay scale, while the owners claim that they are losing money because the players’ salaries are too high. Clearly, the sides must ultimately work together if professional sport is going to succeed. Why, then, have labor and management in nearly all the professional sports had such a long history of problems? Critically evaluate the role collective bargaining, salary caps, and luxury tax has on labor disputes. Prepare a 300-400 word speech highlighting your response. Also, in this speech, identify who you think is right.