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.
Athletes are offered endorsements to act as a representative for a company to help promote sales. They often are seen in commercials promoting athletic apparel, shoes, sports drinks, food, and other products. Marketing companies know that by associating a product with an athlete it can drastically increase sales.
Fig 1. Gaines, Cork. "...
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... Scores and Daily Analysis from Sports Illustrated. Warner. Web. 10 Sept. 2011.
Miller, Amanda. "Athlete Endorsements – What’s in a Name." The Business of Sports. Wordpress. Web. 12 Sept. 2011.
Resnick, Steven. "Are Professionals Athletes Really Overpaid?" Bleacher Report. Bleacher, 28 Mar. 2008. Web. 30 Aug. 2011.
Riper, Tom V. "America's Most Overpaid Athlete." Information for the World's Business Leaders. Forbes, 05 July 2008. Web. 01 Sept. 2011.
Russo, Christopher, and Allenor St John. "Money for Nothing." The Mad Dog 100: the Greatest Sports Arguments of All Time. New York: Broadway, 2004. 238-39. Print.
Salaam, Khalid. "Are Professional Athletes Over-Paid or Justly Compensated?" The Atlanta Post. Moguldom, 29 June 2010. Web. 30 Aug. 2011.
Saperecom. "Are Professional Athletes Overpaid?" OverpaidAthletes.net - Overpaid Athletes. Web. 06 Sept. 2011.
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