An analysis of the issue of the high salaries of professional athletes

This was not a radical departure: Mondello and Maxcy 21 examined salary dispersion and incentive pay on NFL team performance. To this end, player selection becomes a very laborious, calculated and data driven process for ownership.

The budgets of most state governments devote more than 50 percent of their funding to education. Excluded were the salaries of rookies and those players who were still playing under their rookie contract As noted, individuals generally put spending for sports events far down on their list of priorities.

If the editorial writer is correct, the majority of Americans not only rank spending on tickets for professional sports events ahead of spending on education for themselves and their children, but also likely will spend more dollars on athletics than education.

And most of all, we need to stop forgiving sports stars so readily just because they can sink a tough off-balance shot.

In Praise of Athletes' High Salaries

This brings us to spending on education versus spending on professional sports. One entrepreneur may start a firm because of a sincere conviction that the product or service he plans to provide will bring immense benefits to his clientele.

Otherwise, these teams would drown in red ink and be out of business. Likewise, the proliferation of minor professional sports—like arena football—means that Americans have even more disposable income than before and can afford to pay to see such sports.

Visualizing the Yearly Salary of Professional Athletes, NBA Players Average $5+ Million a Year

Last year Latrell Sprewell said he needs more money because he had to feed his family. Whatever the issue, overpayment in the NBA is a concern.

Another may be motivated solely by his desire to become fabulously wealthy. Department of Labor, and while we would like to be arguing that the expansion of the state in recent years has meant an absolute decline in living standards, perhaps there is another case to be made.

More Teachers than Athletes People who can qualify to be teachers are relatively more abundant than athletes who can withstand the rigors of professional sports. It is only after those things that are essential to him receive payment that he can apply his leftover income to less important things like entertainment, eating out, and the like.

Consumers must bid enough to prompt producers into action, and the price of every good—industrial products as well as consumption items—can be traced to consumer choice. Athletes are now just playing for money and not for the love of the game.

Those estimates can turn out to be over-optimistic:The issue of player salaries is an emotional one because it touches on our human instincts for fairness.

I think that's partly why so many people object to the high salaries for many professional athletes. NBA Analysis: Are Warriors Taking Too Long to Hire a Coach? Professional players warrant higher paychecks because they are greater assets to the team, but the gap between a team’s highest- and lowest-paid players can be shockingly wide.

What do athletes’ salaries say about American values?

11 Things You Might Not Know About Athlete Salaries

That we still have some industries free of the government’s clutches — for. The following is a summary of studies conducted on professional athletes’ salaries.

Berri, Brook, and Schmidt (2) asked the question does a NBA player need to. In the past there were and are many disputes over the high salaries of professional athletes.

Professional Athletes Salaries: Are They Paid Too Much?

I think that these athletes should receive the high salaries that they deserve. One reason why I think professional athletes should receive such high salaries is that they are highly skilled. An Analysis of the Issue of the High Salaries of. Athletes' Salaries Too High? Sports Fans, Blame Yourselves.

In the Market, the Consumer Is the Ultimate Boss is that the discussants themselves ultimately are the ones setting such high rewards for being an outstanding athlete.

It is the very fans who often grumble about the “ridiculous” wages paid to top athletes who in effect set.

Download
An analysis of the issue of the high salaries of professional athletes
Rated 3/5 based on 34 review