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Pro athletes salaries
Pro athletes salaries
Not just a game: impact of sports on us economy
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I decided on my topic why baseball players make more than other athletes because I have played baseball my whole life and have had an interest in the MLB (major league baseball) games ever since I was born. Before I researched this topic I knew that baseball players had more games than other athletes and made a lot of money, but I didn’t know exactly how much. I wanted to find out why they made so much money, because it doesn’t seem fair for how much they make compared to other salaries. I went to USA today, quora, SB nation, and CBS news web to find what I needed to help find information.
Why do MLB (major league baseball) players make more money than other athletes? There are several reasons for this, first off they play more games than other
In the NBA the salary is sixty three point sixty five million, the NFL is one hundred and thirty three million, and NHL is seventy one point four million. “In the NBA there are severe restrictions on adding new players when your team's collective salary is at $58m, and shortly thereafter results in a dollar for dollar tax. In football the number is $120m but the restrictions are far more severe, making it basically impossible to add players after that point.”(Jonathan Brill) As you can tell the MLB has a higher cap salary cap than other
The highest paid salary in the MLB is twenty five million, which is five hundred times what a teacher or cop makes. The average teacher makes about fifty five thousand a year. “The minimum wage in major league baseball is almost four hundred thousand more than half the players make one million or more. New York Yankees' third baseman Alex Rodriguez takes in twenty five million — some five hundred times what a teacher or a cop or a paramedic makes.” (Caitlin Johnson). As you can see, MLB players are paid a large amount of money regardless of their skill level, and the higher quality of the player the more he is
Senne has raised interesting theories about minor league compensation. Most MLB clubs have around two hundred active players in their farm systems at any given time, spread across between seven to nine minor league affiliates. But none of these players earn a yearly salary above the National Poverty Line of $11,670 for a single person household.
A salary cap gives all the teams an equal chance to sign players. It also keeps teams with a lot of money not able to acquire every all-star they want , or any player who is a free agent. Some Major League Baseball teams like the Anahiem Angels and the Atlanta Braves are owned by very wealthy people and companies. The Anaheim Angels are owned by Disney.(Worisnop, 128) So with no surprise the Angels can produce a team which can be very competitive, and have several all-star players. Just recently they exercised this advantage by signing Mo Vaughn for ninety million dollars over seven years.(Antonen, 2) There were at least four other teams that wanted to sign this all-star, but the Angels easily had the money, and outbid everyone who wanted to sign him. If there was a salary cap in Major League Baseball then the Angels would have thought twice about giving that much money to one player. With the its roster for one year. So giving one player 12.8 million dollars for one year does not really make sense if the salary cap is fifty million dollars a year. That would leave only 37.2 million dollars for the twenty-four other players, which equals each player getting on average a little less than one and a half million dollars a year.
These are just a few of the outstanding Latino baseball players currently in Major League Baseball. The highest paid baseball player in Major League Baseball history is a Latino. Alex Rodriguez signed a seven-year contract for two hundred and fifty-six million dollars in 2000. This not only made him the richest baseball player ever, but also the richest Latin American athlete in history.
When looking into the history of our culture, there are many subtopics that fall under the word, “history.” Topics such as arts and literature, food, and media fall into place. Among these topics reside sports. Since the beginning of time, sports have persisted as an activity intertwined with the daily life of people. Whether it is a pick-up game of football in the backyard, or catching an evening game at the local stadium, sports have become the national pastime. According to Marcus Jansen of the Sign Post, more specifically, baseball is America’s national pastime, competing with other sports (Jansen 1). Providing the entertainment that Americans pay top dollar for, live the role models, superstars, and celebrities that put on a jersey as their job. As said in an article by Lucas Reilly, Americans spend close to $25.4 billion dollars on professional sports (Reilly 4). The people that many children want to be when they grow up are not the firefighters or astronauts told about in bed time stories. These dream jobs or fantasies have become swinging a bat or tossing a football in front of millions of screaming fans. When asked why so many dream of having such job, the majority will respond with a salary related answer. In today’s day and age, the average athlete is paid more than our own president. The cold hard facts show that in professional sports, the circulation of money is endless. Certain teams in professional baseball and football are worth over millions of dollars. Consequently, the teams who are worth more are able to spend more. The issue that arises with this philosophy is virtually how much more? League managers, team owners and other sports officials have sought out a solution to the surfacing problem. Is it fair to let...
Out of all of the professional leagues the three that make the most money are: MLB, NFL, and NBA. Together these three leagues make an astonishing $25.5 billion dollars every year. Some of wealthiest franchises from each league are; MLB: Yankees, NFL: Washington Redskins, and NBA: Lakers. Major League Baseball makes about $3.3 billion a year. The leading franchise in baseball is the Yankees which make $832 million every year. In the National Football League the Washington Redskins make the most out of any NFL team with $952 million made every year. In the National Basketball Association the Lakers make the most with $510 million. So if each league and franch
The one thing every single minor league baseball player has in common is their salary. Everyone is out there doing everything they can to make their dreams come a reality, but it is tougher when they compensated poorly. Minor league baseball players receive only 20 dollars a day for meal money. Why do grown men, professional baseball players get paid so little? Major League Baseball is a business like any other, but players in the minor leagues are technically not exempt employees under the Fair Labor Standards Act. An exempt employee is someone who will be reimbursed minimum wage for their duties. Young and upcoming players should be payed for who they are as a player and person, not the cheapest salary possible. Minor league baseball players
The first reason that they aren’t overpaid is their career length. While other careers can last over 40 years. While David Ortiz’s career lasted nineteen years.The pay they make is good because they need to use it wisely but, quite a few of the pro athletes don’t spend their money sensibly. Truly some athletes spend too much money on very spendy
Now Mr. Roberto Hinojosa contends that professional athletes are overpaid. Citing U.S. Household Income stats for 2012 he explains that teachers,
The problem with this is the inflation of players' salaries. When players are drafted young, they demand to be paid what they want; teams pay them millions right out of college.
These are just some of the reasons why athletes are paid so much money. 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.
This is evidenced by the finishing order of leagues, MLB, NHL, NFL, and NBA. The NBA was by far the most unbalanced further leading to the conclusion that their more regulated salary cap is not the answer to promoting competitive balance. Unfortunately, competitive balance is not that
When a baseball player joins a MLB team they are signed on with multimillion dollar contracts and big name brands sponsors. When a lacrosse player is signed on to a MLL team they don't expect millions, they don't expect one million, they don't even expect two hundred thousand a year. Average MLL players are paid between ten and thirty thousand dollars each year, that's not enough to live off of, so these amazing lacrosse players are working other jobs every week then training and practicing also. "The average salary for a MLL player was between $10,000 and $30,000 a year" (Lax All Stars, Par
There is also a minimum salary that each team must pay their players. If this year was your first in the league and you were paid the minimum salary you would get paid a little over 543 thousand. When compared to the most it may not seem like very much but it goes up quickly. If this was your third year in the NBA and you were paid minimum salary you would have made just over 1 million dollars. This has become a big issue for people all around the nation some people think that the NBA is just for the money and they are not even playing basketball anymore. The players need to be more worried about playing the game they love and not the
When addressing the value of entertainment, there is without a doubt, that we as a society value entertainment highly. But there is no reason that these athletes, who are here to merely entertain us, get paid higher wages than those that save our lives and teach us such as medical doctors and teachers. I find it ridiculous that players make millions of dollars a year, and yet demand more. The entertainment that these athletes provide is solely entertainment; it is not essential to the function or productivity of society. If I were to become a professional football player I would not complain about my salary for many reasons. I am playing the sport that I love and getting paid for it. The minimum wage for football is well over $100,000 a year, as is for many professional sports. These reasons by their lonesome are enough to warrant that the salary professional athletes are paid is suffice.
Why do teachers get paid so much less than sports players? A teacher mentors a child or teenager and gives them knowledge. A sports player plays a game in which they are good at and love to do. So why does a sports player live a dream life earning millions of dollars a year while a teacher is stuck living the middle class life.