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Is education a key to success
Are athletes over paid
Are athletes over paid
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When people think of the names Tiger Woods, Kobe Bryant, Alex Rodriguez, and Oscar de la Hoya they think “superstar”, “professional athlete”, and “wealthy”. Some even think “overpaid” while others believe that they deserve every penny they earn. In 2010 NBA player Kobe Bryant signed a three-year $90 million extension with the Los Angeles Lakers (Source 2).Which equals $30 million per year. In 2009 Kobe Bryant’s contract was worth $25 million a year (Source 2). He received a five million dollar pay increase although he is an aging player.
Between 2009 and 2010 professional golfer Tiger Woods earned an astounding $111 million (Source 1). That huge payday took Woods from a multi-millionaire to a billionaire. In 2010 professional boxer Oscar de la Hoya earned $55 million (Source 2). These large paydays make some really question if the check matches the work put in.
For an NBA player work usually lasts anywhere from eight to eleven months depending on if they make it to the playoffs. An NBA regular season is 82 games. When the math is done Kobe Bryant makes nearly $365,000 per game. When he averages less than 40 minutes per game. Professional boxers like Oscar de la Hoya receive huge amounts of money for one to three fights per year.
Even though athletes teach essential lessons like good sportsmanship, pride, and teamwork, none of these things are on an SAT or a college admissions test. When someone watches a sporting event they don’t learn anything that has to do with the history of the world, important literature, essential science knowledge, or necessary math skills (aside from watching the score). These are four of the most important things needed to be successful in life. None of which come from watching professional athlete...
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4. "Fire Fighter." U.S. Bureau of Labor Statistics. Web. 19 Aug. 2010. .
5. Division, By. "NBA.com - NBA Tickets." Where Amazing Happens. | NBA.COM. Web. 19 Aug. 2010. .
6. NFL Tickets - Football Tickets." Ticket Brokers - Sports Tickets - Concert Tickets - Theater Tickets. Web. 19 Aug. 2010.
7. "Baseball Tickets | MLB.com: Tickets." The Official Site of Major League Baseball | MLB.com: Homepage. Web. 19 Aug. 2010. .
8. "Overpay | Define Overpay at Dictionary.com." Dictionary.com | Find the Meanings and Definitions of Words at Dictionary.com. Web. 20 Aug. 2010. .
As a fan of basketball, the NBA has always been the center of every discussion I partake in whenever basketball is involved. Since its inception in the late 70s and the popularity of the American National Basketball Association, basketball has been cemented as one of the most iconic games played today. Whether a fan or enthusiast watches the game live or on replay, the high-voltage intensity and addicting thrill of every turnover and every score made just makes the person go wild. Of course, in every game, some people often wonder how much money the players have each season. I am one of those people who often think about how wealthy these players are and the more
Many people in today’s world complain about how much Pro Athletes get pay. So I ask are Pro athletes overpaid? Look at it in this sense; they are living their dreams just like most business men do everyday. If you think that professional sports is not a job then just try to walk in the shoes of a athlete for a day. Sports, like medicine, healthcare, or software, are a business. In that business, owners pay their players what they deem they are worth.
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.
Now Mr. Roberto Hinojosa contends that professional athletes are overpaid. Citing U.S. Household Income stats for 2012 he explains that teachers,
Do athletes get overpaid? Is it fair that the average NFL player gets paid 1.9 million dollars a year while the average heart surgeon gets paid 533 thousand dollars annually? I think that professional athletes don’t get paid too much. There are multiple reasons that proves that their pay is not excessive. Their careers are short, they risk their body for our entertainment, and they motivate children.
USA Baseball website. (Jun 6, 2012) About USA Baseball. Retrieve for this paper Mar 21, 2014 from, http://web.usabaseball.com/about/
The salary of professional athletes are always being debated on whether they make too much or it 's the right amount they should make. Some of the athletes do make millions and millions of dollars, but there is some that don 't. Anyways in order to make the millions first an athletes must make it to the professional level. For example in soccer only 1.4% of people actually make it to the professional level. So the rest of the people make it for other sports such as football, basketball, baseball, and others. To be considered a professional athlete you must be getting payed to play a sport. They will be playing for a league and even tournaments and get rewarded with more money if they win. Some may think an athlete
Last year tiger woods made 87 million dollars, to put that into perspective that’s 34800 times what George Bush makes a year and he is one of the most influential, powerful people in the world. During Mike Tyson’s match against Peter McNealy he made 281,000 dollars, in a single second. This poses the question, how can he, or anyone for that matter deserve to make that much money?
In a time where many people are struggling to pay their bills or find a stable income, it might be to here that certain athletes are making over 19 million dollars in a year, just for playing a sport. While this may seem unfair, consumers are providing this salary. I agree with athletes making large sums of money. This is because they risk injury, get money from the support of fans, and are making money doing something that they enjoy.
In thirteen years of golf, Tiger Woods has made over a billion dollars making him the highest paid athlete ever. He has been the highest paid athlete now for five years in a row. We all know that many people in the world watch him play every weekend and admire him, but is the amount of entertainment he provides really worth 128 million dollars a year? Tiger is only one of many professional athletes who are extremely overpaid. “People forget that sports is entertainment,” says Leonard Armato, a sports agent. Although professional athletes provide entertainment for millions of viewers around the world, they are overpaid because the millions of dollars that they make could be distributed more evenly throughout society and go to things of a greater cause.
4.7 million dollars. This represents about 84 times more than an average person makes in their life. Yet, this can also mean something else. One person can make this and could do it in a year. That’s how much one rookie from the NBA makes in a single season! They just shoot balls into hoops, and game after game, they defend it from the opponents net. They don’t save people on a daily basis, they don’t work their whole life for the minimum, and instead, they don’t use their money wisely. This is not right. Athletes are overpaid and people have had enough.
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.
According to one of my interviewee, Basketball players are paid by the revenue which is collected when people buy tickets for watching a game. The tickets can be as expensive as $30,000 for a final game making it really difficult for normal people to buy and watch a game at the stadium. The interviewee himself had seen a game of NBA at New York where he got his ticket for $5,000. If the players are paid millions the ticket prices will be very high. But, if the players are paid 1-2 million the prices could be cheaper and the excess money could be used for the recreation and development of the stadium rather than all the money just going to a few
Many players have risen to stardom by becoming a professional athlete. Athletes have come from many different backgrounds; some from wealthy and some from poverty raised backgrounds. Salaries are continuing to rise, and money doesn’t seem to be an issue. Athletes are getting what they want from the owners by negotiating through their agents. Athletes’ salaries aren’t from their owners, but they come from other sources (“Athletes’ Salary”). Athletes get paid an extremely high salary for the work they do, and should consider the value of their work. They do not deserve the extreme amount they get paid and something should by done about it.
Sport has always entertained and influenced our lives. It creates dreams for children and goals for adults. However, many fans are oblivious to the millions they pocket each year. It is without doubt that our sports stars are grossly overpaid. Their annual earnings exceed those we make in a lifetime, even when compared to highly qualified professionals.