why do athletes get paid so much

the top five and 18 of the top 20 rated television shows of the year were sports. To answer my wifes question and likely many of you have the same question let me first discuss some of the basic economics of the labor market. market demands, market decides. Entertainers and Athletes paid too much? Heres the code science needs to crack. First, workers are paid for doing a task that others value. The bartender defended Rodriguezs salary, asking, If someone offered you $25 million, would you turn them down? The reason they are paid these amounts of money can be explained with simple economic principles such as supply and demand, and inflation through time. I study longevity. Cable companies are therefore willing to pay leagues massive amounts to carry their sport. I began following the Reds in the 1950s with Ted Big Klu Kluszewski, Frank Robinson and Gus Bell, then continued through the successful Big Red Machine years of Pete Rose, Johnny Bench and Tony Perez, and I am still an avid fan today even though the team has recently struggled. Wasnt America founded on equal justice for all? Yes it may, but only for the individuals that are born skilled enough to a certain sports. On the contrary they should deserve some type of revenue whether it's for clothes shopping, take someone out on a date, gas money, etc. Raleigh, NC 27695-7601. Why Do Athletes Get Paid So Much? The Sixers guard sat before the media throng, trade rumors swirling around him, the background noise growing louder, as Philadelphia fans griped about another professional athlete who's paid millions and acts like a diva. One of the customers said it was absurd that Rodriguez makes so much when, for instance, teachers, charged with educating our children make only $50,000 or $60,000 per year. Professional athletesare making too much money in a society where salaries and wages are traditionally based on the value of one's work. Being away from family for long periods of time also can have a negative effect on them mentally., we have to talk about how athletes don't get paid too muchThe highest paid Bears player made over 13 million dollars in 2011 When we make the decision that it is worth it to pay a day's wages to attend a three-hour game and cheer till we loose our voices, then we are telling these athletes that they are worth every penny they make, and maybe in the minds of some people, they are worth it., The average salary of a professional NBA player is about 5.15 million dollars. What's not to love? The whole system that allows professional athletes to just swim around in money is simply ridiculous, and it needs to stop. Indeed, I can generalize her question to apply to most pro sports players. Please do not edit the piece, ensure that you attribute the author and mention that this article was originally published on FEE.org, In the Market, the Consumer Is the Ultimate Boss. Only a fraction of what Cam Newton, quarterback of the Carolina Panthers, makes. Then after hes done doing it I get all benefits and shine while my friend is left hanging out in the dust. Many of you may not like the conclusion Ive given but understand the explanation. First and in economics lingo, from the demand side there are large numbers of fans in the country and world who like pro sports and are willing to pay to access it. But can all workers benefit by understanding why those big bucks are paid, and by applying that understanding to their own careers? Do Professional Athletes Make Too Much Money, Three helpful ways to strengthen financial stability for 2023, Best Warren Buffett Stocks To Buy And Hold In 2023, 12 Best Growth Stocks to Buy for the Next 5 Years, Best Performing U.S. Stocks in the Last Year, 3 Years, 5 Years, and 10 Years - Trade That Swing, Direct Characterization Vs. In 2017, the top five and 18 of the top 20 rated television shows of the year were sports. (Video) #OffScriptOn9: Are professional athletes paid too much? In today's society, one should be paid according to the job's economic importance and their value to society. The salaries of some sports players, especially football players are quite frankly, way too high. And in a world where some professional athletes are paid almost 100 times the salary of the average U.S. teacher, it comes as no surprise. Teaching is one of the most economically important occupations because our future economy relies on the education of its youth, yet teachers are paid astronomically less than the average professional athlete is. First of all, these athletes get paid millions of dollars for playing a sport they desire., For example: Marcus Mariota wows fans as the quarterback of the University of Oregon Ducks the 20 year olds sophomore from Hawaii help the school earn millions of dollars through ticket sales, advertising, and TV deals ,but like all college athletes Mariota does not earn a penny(Zissou, 2013). In baseball, players have extended their careers by having the versatility to play several positions or by becoming specialists for certain game situations. What kids learn from successful ballplayers like him is that Its okay for me to use illegal substances, because in the long run, it will pay off by earning me an enormous contract.. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Pro sports players always try to develop an edge so teams and owners will think only certain players are able to fill a need. Why cant we pay those people who help society better than athletes, who have been known to even go broke or seem to spend their money unwisely?, Multitudes of athletes make the most money than anyone in the country. The colleges are using all of these all the athletes as money makers for that institute because there are no values for performance all the college is to make money selling everything for money or advertising. Why are these athletes not getting paid for all those victories that made the college millions and athletes cannot have a little portion of that money. This work is licensed under a Creative Commons Attribution 4.0 International License, except for material where copyright is reserved by a party other than FEE. But I have to admit something. 2. 2023 Investguiding. It is important to note than nothing argued here suggests that every salary we see today is the result of consumers voluntary choices. It is the very fans who often grumble about the ridiculous wages paid to top athletes who in effect set their salaries. Because fans support them. Why Professional Athletes DESERVE Their INSANE Salaries.. 4. If Alex Rodriguez earns the same amount of money as it would take tofeed the nation's poor for a year, he cant cheat and take steroids. To understand me, you need to know I was born and raised in Cincinnati. However, I really believe that during the last years speculation has played an important role in making prices in soccer go up. For example athletes get paid a great deal more than the working class. Want to get friendly sports help in your inbox? (Rodriguez currently makes roughly $25 million per season.) And while it is not immoral if I buy apples for $10 a bag despite their being available for $5 just down the street, a friend may sensibly and helpfully point out that I am needlessly wasting my money. Its hard to underestimate the importance of this. Share Entertainers and Athletes paid too much? We even allow many of these people to get away with things that many people with less money and fame wouldnt be able to get away with. The players are not paid to sit on the sidelines; they are paid to risk everything and participate in the sport. Playing in the lower leagues pays less because there's a higher supply of footballers. In my mind, absolutely not. It's truly a pity that none of these true heroes are given the same recognition by society as athletes such as Brett Favre or Michael Jordan are given. Quotes footballing sensation Craig Bellamy. Hence, there are two main reasons why pro sports players are paid so much. It is true that consumers are no less immune from error in their choices of what to buy than are producers in their choice of what to make. Witness the recent MLB trade deadline. Some dont even donate to people who have nothing at all. Ive never understood why Celebrities and Athletes get paid so much more than anyone else. But one of the reasons pro athletes make so much money is that we love to watch their games. Nevertheless, the enormous salaries earned by sports stars are chiefly the result of the willingness of their fans to pay to see them play. How is it that one man can make 14. Modern technology is also increasing access to pro games. Sellers of labor skills must have buyers for those skills. I certainly would not complain about such a shift in peoples priorities. Doctors and soldiers are paid an inadequate amount for their hard work in comparison to footballers., People complain that professional athletes get paid too much, but what they dont understand is that we need a lot of money because we spend a lot of money, is a quote from Patrick Ewing, a famous NBA star. Theres often the cost of parking, youve got to buy popcorn or a hot dog (or at more modern stadiums, some fancy BBQ or a fusion short-rib taco). is it possilbe to choose what isnt already determined? Players shouldnt get paid millions of dollars like professional athletes, because why would players go on to try and play professionally. If you like doing something no one else values, or if youre not good doing something that people do value, companies and consumers will be unwilling to pay you. The other thing fans do, and this is the catalyst for the second big force driving player salaries, is they watch their favorite team on television. Apr 11, 2019 3 min read Are Professional Athletes Paid Too Much? Olympic athletes do not get paid by just attending the Olympic Games. But it is the only way a free people can address the situation. Relative to the revenue they generate they're on average likely underpaid, if you can believe it. Footballers are only for entertainment value only. If my neighbors in the sports bar are seriously distressed that star athletes make so much more than educators, the power to alter that situation lies with them. Other countries do not pay their athletes nearly as much as America does. They are all really strong, they get to play sports all the time and they get a lot of money. Athletes train every single day of their lives just to perform. These people dont deserve this type of money because most of them are irresponsible and cocky. A single team in MLB baseball sold their local TV rights for more than eight billion dollars over 25 years. Introduction: My name is Sen. Ignacio Ratke, I am a adventurous, zealous, outstanding, agreeable, precious, excited, gifted person who loves writing and wants to share my knowledge and understanding with you. (Not just the four of them, of course, but them in concert with all other sports fans.). However, some may argue that while teachers only provide service to a single classroom, superstar athletes are entertaining fans all around the world, enticing people with a feeling of relaxation and excitement.

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