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Lack of finance in sports
Athletes get paid fairly
Athletes and their wages
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ESPN’s 30 for 30, Broke, explores the lives of professional athletes who have gone bankrupt or faced financial issues after their careers. Through multiple interviews with retired NFL, NBA, and MLB players, the viewer gets an understanding that money is very powerful when you are a professional athlete. From spending it on jewelry, woman, cars, and houses these athletes did understand that money can dwindle quickly. Not only did these athletes spend on household items but players lost money through gambling, paying agents, and even had issues with paying their own taxes. ESPN does a great job explaining the culture of money from both an athlete’s perspective and a business side. The age of the professional athletes in the video was a major factor for the pros decline in income. These professional athletes were all in their early twenties and coming right out of college. Each athlete that was interviewed explained how they received the first paycheck and putting towards items they did not need. Some players like Rickie Henderson framed his first paycheck or some players did not even have a bank account. These players have no business background or did not learn how to control their money before turning pro. Professional athletes did not think about how much they were spending, only thought about how they can show it …show more content…
If one player would purchase something expensive than the other player had to go buy something more flashy. This led to players overspending and unaware of their money. Athletes also conformed to the hip-hop culture as some players started their own record companies or tried to release an album. During the time hip-hop moguls such as Jay-Z was releasing songs and players wanted to conform to the clothing he was
Many professional athletes make six or more digits in a year and then go broke. The director of the movie Broke, Billy Corben, the question of how for the curious watchers. Corben interviews multiple athletes who have gone bankrupt and what they did to get there. The overall claim Corben make is most professional athletes make more money than they can handle. Corben makes a strong argument with evidence of how athletes get overwhelmed and tempted to spend.
Players do not deserve the money they receive. There are people who do much more than the players do. Why do teachers not get paid millions of dollars to teach kids? Some of those kids end up going on to become professional athletes. Police officers and firemen risk their lives to keep people safe and most of them do not even make any more than 95 thousand dollars a year (Megerian). These athletes get fined more money than that and hand it over like someone just asked them for one dollar. Players have all of this money and do not even do anything worth earning it. Why do they get this money? It is because fans value athletes more than the important things in life like education and family.
In this paper the reader will be able to find a variety of different areas covered. A detailed summary of the movie 28 days directed by Betty Thomas in 2000 will start the paper. The diagnostic criteria of a psychiatric disease will be included along with rationales why the main character fits the diagnosis of disease. Included is the effectiveness or non-effectiveness of coping mechanisms. Pharmacological with classification and non-pharmacological treatments will be included in addition to discussion of ethical and legal issues. This paper will include whether it would be an acceptable fit for patients or families with the same diagnosis. Lastly, will be an overall conclusion of the information provided in the paper.
As a fan of basketball, the NBA has always been the center of every discussion I partake in whenever basketball is involved. Since its inception in the late 70s and the popularity of the American National Basketball Association, basketball has been cemented as one of the most iconic games played today. Whether a fan or enthusiast watches the game live or on replay, the high-voltage intensity and addicting thrill of every turnover and every score made just makes the person go wild. Of course, in every game, some people often wonder how much money the players have each season. I am one of those people who often think about how wealthy these players are and the more
Professional sports were beginning to be organized in the 1850s. At this point, their salaries, although they were still higher than the average person’s, were not too outrageous. In the 1880s and 90s, baseball players in particular were making on average about $1,750 annually. Even though this was three times the salary of an industrial worker of the time, they were not happy with this amount of money and felt they should be earning more (Baseball n.d.). In the 1970s, the worlds of professional sports took a drastic turn. According to an article by J.L. Carnagie, “Two words described sports in the 1970s: big business. Owners and athletes in major professional team sports knew there was money to be made in their games, and they went after it.” (Carnagie, n.d.) Athletes, especially, realized how competitive teams were becoming, and they were well aware that talent was in high demand. In the beginning of 1980s, the best athletes were demanding even more money; and the majority of the time, they got what they wanted. By end of the 1980s, many athletes were making over a million dollars (Carnagie, n.d.) These increasing salaries were very ironic because when professional sports began they were intended to be a showcase of players’ talent and athletic ability. Professional sports leagues were also supposed to be similar to the Olympics in that they would be free of politics and influence of society. However, by the 80s, they had become all about the star athletes and how much money they could make. By this point, professional sports had evolved into an industry that was focused on entertainment and money, rather than the sports actually being played (Carnagie, n.d.).
Americans believe that athletes, celebrities, and CEOs are the highest paid jobs in America. This belief is true however the average income of these three jobs is nowhere near what the perception is. Athletes are the most confusing when it comes to pay since people do not factor in that an average professional is only 4.85 years, NFL is 3.5 years, MLB is 5.6 years, NBA is 4.8, and NHL is 5.5 years, (RSVLTS, 2013) United States Bureau of Labor Statistics stated that an average income for “athletes and sport competitors” was only $47,710 (BLS, 2017). People believe that athletes are only the stars you see on television, but this is not the case. Athletes are risking their health for that paycheck. They spend a majority of their lives in the gym or on
One of the strongest arguments against student athletes getting paid is that many people feel they already are getting paid, through their financial aid package. Sports Illustrated author, Seth Davis, states in his article “Hoop Thoughts”, that “student athletes are already being payed by earning a free tuition. Which over the course of four years can exceed $200,000, depending on the school they attend. They are also provided with housing, textbooks, food and academic tutoring. When they travel to road games, they are given per diems for meals. They also get coaching, training, game experience and media exposure in their respective crafts” (Davis, 2011). This is a considerable amount of income. While the majority of regular students are walking out of school with a sizeable amount of debt, most student athletes are debt free. Plus they get to enjoy other benefits that are not made available to the average student. They get to travel with their teams, t...
Some people believe that college athletes already do get paid. They believe that the college athletes get paid through their scholarships that they have deserved and worked hard for. Contrary to popular belief, not every single college athlete comes out of college debt free. The av...
This plays a huge role in how they are portrayed, especially when the two markets start to overlap. The influence of hip-hop on basketball starts to portray the caricatures and stereotypes of African American athletes and men that later affect the views given to youth in inner city America. This embodies the “American Dream” which keeps kids from focusing on their academics and portraying what it means to be black in America. This is done through hip-hop’s influence on sports through the political aspects of society that influences the rise of both hip-hop and sports in urban areas. Also the socioeconomic influences the people who are involved with these things. Their relationship is also characterized by the rise in both economies of the industries and how they have directly influence one another.
The controversy of athletes being overpaid dates back to 1922, when well-known baseball player George “Babe” Ruth received $50,000 within the first year of his career. Ruth’s extensive wealth was bolstered by dozens of endorsements (Saperecom). As it is shown in figure 1, in the Fortunate 50 Tiger Woods takes the number one spot for highest paid athlete. Tiger’s salary for 2011 is $2,294,116 and like Babe Ruth, his endorsements exceed his salary earning $60,000,000 making his total $62,294,116 (Freedman). It’s crazy to think that 89 years ago professional athletes scarcely made more than the average person today. This is of course not counting the inflation that has occurred since the years which Babe Ruth played baseball.
The movie 28 Days allows viewers to gain perspective into the addictions recovery process. The main character, Gwen Cummings, a newspaper columnist, attends court ordered rehab for reckless driving while under the influence of alcohol. These writers diagnose Gwen with alcohol use disorder, opioid use disorder, and tobacco use based on several indicators.
12 ANGRY MEN, is basically a story play written for broadcast on CBS in 1954 by an American playwright Reginald Rose. In 1957, Rose finished the screenplay for the movie version, which was co-produced by him and Henry Fonda (Juror#8). The movie was directed by Sydney Lumet. This movie was nominated for many awards like Academy awards for Best Picture, Best Director and Best writing, Screenplay based on Material from another Medium, and an Edgar Allan Poe Award for Best Motion Picture Screenplay from Mystery Writers of America.
Personality is a branch of scientific discipline that studies temperament and its variation among people. It is a dynamic and a set of characteristics possessed by their atmosphere, cognitions, emotions, motivations and behaviours in various things. Personality conjointly refers to the pattern of thoughts, feelings, social adjustments and behaviour consistently exhibited over time that powerfully influences one’s exceptions, self-perceptions, values and attitudes. It also predicts human reactions to different folks, problems and stress.
Many players have risen to stardom by becoming a professional athlete. Athletes have come from many different backgrounds; some from wealthy and some from poverty raised backgrounds. Salaries are continuing to rise, and money doesn’t seem to be an issue. Athletes are getting what they want from the owners by negotiating through their agents. Athletes’ salaries aren’t from their owners, but they come from other sources (“Athletes’ Salary”). Athletes get paid an extremely high salary for the work they do, and should consider the value of their work. They do not deserve the extreme amount they get paid and something should by done about it.
Sport has always entertained and influenced our lives. It creates dreams for children and goals for adults. However, many fans are oblivious to the millions they pocket each year. It is without doubt that our sports stars are grossly overpaid. Their annual earnings exceed those we make in a lifetime, even when compared to highly qualified professions. Despite the money factor, we sometimes question the values that are emphasized.