Professional Athletes and Salary-Caps Professional athletes get paid millions of dollars a year, many may wonder whether or not to put a cap on their pay. Salary caps and their benefits and downfalls are a growing discussion in modern day culture. When comparing the arguments of professional athletes and salary caps, two views emerge: while some believe that there should be caps, others hold that there should not be a cap. A closer study of these two ideas can be seen through the areas of job equality, work ethic influence, and competition. While many people believe that athletes work and deserve their high income many others would believe the polar in that they should not get payed a multi million dollar income every year. Professional athletes get paid millions of dollars in a year, whereas some of our …show more content…
According to Doctor Chris Mueller of bleacher report, the highest paid doctor in America averages about 500,000 dollars a year in comparison the highest payed Bears player who averages 13 million dollars a year (Muller 5). In total that is twenty-six times as much as a high leveled doctor makes within his career (Muller 5). There is another argument for this side of the topic relating to winning a game for the athletes is like selling many of their products (Pages 1-2). However, many people do not take into consideration the outside expense such as insurance and injury cost (Muller 7). Many athletes do get high wages, however, when you take into consideration their medical expense, do they really get as much income as we think they do? Almost every professional athlete has been injured within his or her
Do you think professional athletes are overpaid? You might think they earn more than what they are worth for playing half a year, but athletes have many things which contribute to their salary. Some of these things include their earnings from endorsements, ticket sales, performance, merchandise, their social contributions, and TV ratings. Although there are many factors that contribute to their salary, professional athletes may be overpaid because as a society, we contribute to their success. So, in the end, part of the athlete’s salary comes from the people who support the sports in the first place. These are just some of the reasons why athletes are paid so much money.
Salaries of professional athletes outline a fine line and produce a formal dispute on both sides of this topic. There is single handedly no uncertainty that professional athletes are one of the highest paid young professionals in the United States but like any other profession there is a distinction between the mediocre player and the so called ‘superstar’ which is frequently significant. As a whole, professional athletes still do very well over other professions. Both the advocate and the rival have their dispute to support their position and the discussion continues to pique without any signs of slowing down anytime soon.
In addition, athletes should not get paid as much as they do right now because most of the time athletes blow their money immediately, and are left with nothing. Athletes
“Labour Markets in Professional Sports” was written by Sherwin Rosen and Allen Sanderson from The Economic Journal, Vol. 111. No. 469 (Feb., 2001), pp. F47-F68. Sherwin Rosen (September 29, 1938 – March 17, 2001) was an American labor economist. He had ties with many American universities and academic institutions including the University of Chicago, the University of Rochester, Stanford University and its Hoover Institute. Rosen was chair of the Economics department at the University of Chicago. Rosen was a pioneer in the study of wages and why they vary. Allen Sanderson is a Senior Lecturer in the Department of Economics at the University of Chicago. A graduate of Brigham Young University and the University
Every day, people around the world complain about professional athletes salaries. Even though the top athletes make millions of dollars every year, the majority of athletes do not make any more than the average working class citizen. There are also many risks along with the job, and job security is very unstable. Expenses and taxes also limit the amount of money an athlete makes. Tax rates are extremely high for the men and women who participate in professional sports.
First of all, athletes, people who play games, for a living get paid more than others with more important jobs. They get millions of dollars as salaries while others with jobs helping people are not even paid half as much. In the article Athletes Make a LOT of Money the author states how people who work their whole life, never make a much as athletes do in a short period of time. “What’s more, many Americans will work a full-time job until they are about 70 years old and not make as much in a lifetime as an athlete like Tom Brady makes in one year ($36 million).”
Athletes in the past did not always accumulate the wealth of today’s multimillionaire athletes, albeit their immeasurable worth to wealthy sports league executives. Only a small percentage of the human population is physically and mentally capable of playing in a professional sports league, unlike most professions that have a plethora of capable employees. Professional athletes put their bodies on the lines every time they compete, with many ending their already short careers prematurely. Although many people hold resentments towards the high salaries professional athletes earn, the sports industry raises billions of dollars from consumers, which allows for athletes to earn an inflated salary. It would be unjust to take money away from the athletes, only to hand that money right back to the sports executives who depend on their extensive labor.
Are Professional Athletes Overpaid? In today's society individuals believe that athletes make too much money. Many like minded individuals argue that the professional athletes get paid way too much and them as an individual don’t get paid enough. What society falls to realize it that their are people making money off of the athletes for doing distinctly nothing. Professional athletes are doing what they love to do just like any normal individual and it just happens that they get paid millions. Professional athletes are idealised people just like singers and actor/actresses who are paid the same if not more. So far people aren’t discussing how much actors/actresses and singer make but picking solely on athletes. There are numerous reasons as to whether athletes are overpaid or not. Reasons as to athletes are not overpaid simply because it provides more jobs and people raise their children to play sports. More reasons as to why athletes overpaid is it is entertainment, they help people or a community, and it strains their body in the process. Ultimately what is at stake here is the failure
Athletes get paid a lot of money, but do they really deserve it for just playing a game. “The president of the United states-who runs the country- didn’t make that much. Not even close.” The President does not even make as much as athletes. If our president who runs the country does not even get paid that
Have you ever compared how much pro athletes make to how much a real job makes like a nurse or a teacher? Well the outcome is ridiculous. According to the 7th grade middle school Language Arts class of St.Pius X Catholic School, some people agree that Professional Athletes are paid too much. Furthermore athletes are paid too much because a normal job, as I said, make a fraction of what real jobs make like a doctor and doctors take real risks.
Being a doctor and earning a heavy salary is a completely different story. Laboring away at books and boring text is a lot less entertaining and more stressful than playing sports. It’s only fair that doctors make more money. But no, athletes get to practice
dollars a year. Is it fair to the athletes, considering they are the face of their leagues?Athletes earn what they deserve. Not all athletes get paid millions of dollars a year, and those that do aren’t all selfish. I like the reasons you made
Professional athletes shouldn’t be paid as much as they do because most of them are financially irresponsible. For example, athletes will spend money on things that they don’t need such as drones or dirt bikes. In addition, professional athletes almost always buy really big houses to live in. Also professional athletes usually buy all the name brand clothes and shoes. In my opinion professional athletes shouldn’t be paid as much because they are financially unstable.
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.
There has been quite a bit of debate over the years about whether or not professional athletes deserve their multi-million dollar contracts recently with athletes earning some of the highest amounts of money out of any job in the world. Some people believe that they deserve their money because they are what makes a sport and what earns it so much money from tickets and merchandise while others believe that they don't deserve it because there are more important jobs that don't earn nearly as much revenue and that influence society positively such as a doctor or a teacher.