I swear this is not a sports all the time blog but I wanted to briefly touch on the subject of if athletes are overpaid. Often you hear that sports athletes are paid way too much to play a child's game. To give you an idea of what I am talking about here are the salaries of the highest paid athletes in each of the major sports.
Kevin Garnett - $25,000,000
Alex Rodriguez - $25,000,000
Donovan McNabb - $15,000,000
So are these athletes overpaid. Absolutely not. How the heck can I say that? I don't think anybody in our society can really ever be overpaid. We live in a society where you are free to accept a job and someone is free to hire or not hire you (more or less but I won't get into the details here). This is especially true in sports where the ONLY thing that matters is how you perform and do your job. Obviously the owner of each of these clubs believes that each of these athletes is worth the money. Nobody put a gun to any of their heads and forced them to give the money to the players. Just to put into perspective you need to see what each of these teams are work and make
Team/ Value of Team/ Yearly Revenue
Minnesota Timberwolves $230 $85M
New York Yankees $849M $223M
Philadelphia Eagles $617M $134M
Now if the players don't get the money who will? The owners. A lot less people whine that they are making too much money. Some people complain that instead of making all this money that they should reduce ticket prices. Well if you ran a business and you could sell a product for $10 or $20 what would you do? I think most of you would probably charge what the market would bear.
What I don't understand is that many of the same people who complain that athletes make too much money are those clamoring to get more money for either themselves or working class America. If average Joe American has the right to make as much money as possible how come the same can't be said for athletes? I realize that $25,000 is quite different than $25,000,000 but the principle is the same.
Everyone should be paid what they are worth. Sports just happens to be very big business in America and it makes lots of money. How can you begrudge a man his money which he rightfully deserves. I mean a star athlete, more than any other employee, has a direct impact on the revenue of his company. He plays well, fans come to see games, fans buy more merchandise, etc.
If you like this post you may like these other post:
List of Overpaid Athletes