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Pro athletes make too much money
Pro athletes make too much money












pro athletes make too much money
  1. #Pro athletes make too much money pro
  2. #Pro athletes make too much money professional
  3. #Pro athletes make too much money free

Because of the extensive media coverage, the business of sports feels a lot bigger than it actually is.” - Leland Faust, Sports Illustratedįair price Player salaries are decided by simple supply and demand “The total revenue generated by all American sports (including college) totaled about $60 billion - good enough for about 60th place if it had been just one company among the Fortune 500 corporations.

#Pro athletes make too much money free

“The top free agents are getting huge contracts, but many of the rest of the players in the league are not making as much as they used to.” - Steven Kutz, Marketwatch The business of sports isn’t as large as it may seem “Doctors work diligently every day to help improve and save lives don’t make as much as you might think.Teachers spend their time educating the future of our country while receiving nowhere near a million dollars yearly.” - Bre Offenburger, Parkersburg News and Sentinel Top stars are hurting their teammates by hoarding so much money Consequently, many 22- or 23-year-old athletes find themselves needing a job but not having developed any marketable skills.” - Mark Hendrickson, Epoch Times Athletes are overpaid relative to their impact on society The downside of this is that most of those chasing that dream fail to attain it.

#Pro athletes make too much money professional

“The potential monetary payoff for achieving athletic stardom is enormous, creating a huge incentive for youth to devote their teen and college years to sports in the hope of becoming a professional athlete. Overpaid Lots of kids get left behind chasing big bucks in sports

pro athletes make too much money

As players who have helped make the leagues' broadcast rights so valuable, stars like James and Curry deserve a share of that windfall, some argue. A few years ago the NBA signed a deal with ESPN and TNT worth $24 billion. Some make the case that because superstars create so much financial value for the teams and leagues, they’re actually underpaid. There is also concern about the incentive structure these contracts create for young people, who might abandon other career paths for a small chance at hitting it big.Ī common defense of star athletes’ salaries is an economic one: Players are paid what the market has decided their value to be. Critics take issue with individuals who play a game for a living earning extraordinary sums when people in professions like teaching, law enforcement and medicine earn so much less. The giant contracts signed by Cole and others have revived a longstanding debate over whether star athletes are simply paid too much money.

#Pro athletes make too much money pro

Earlier in the 20th century, pro athletes often had to work a side job in the offseason just to make ends meet. For example, Hall of Fame point guard Magic Johnson made $39 million in salary over his entire career, less than Curry will make this season alone. These enormous contracts would have been unimaginable for athletes from previous generations. James’s contract with Nike is believed to be worth up to $1 billion.

pro athletes make too much money

These figures don’t include the incredibly lucrative sponsorship deals that star athletes often sign - which can dwarf the paycheck they get from their teams. Several recent NFL quarterbacks have earned more than $200 million in salary over the course of their careers. NBA stars like Stephen Curry and LeBron James have deals that will pay them more than $40 million a season.

pro athletes make too much money

The massive contracts aren’t limited to just baseball. Los Angeles Angels slugger Mike Trout inked a $430 million deal in March. Cole is the latest star athlete to hit a mega payday. Earlier this week the New York Yankees signed pitcher Gerrit Cole to a nine-year contract worth a staggering $325 million.














Pro athletes make too much money