Our society is captivated everyday by the shows and sports on television. Between these shows are advertisements that display ongoing issues around the world, asking for donations to help. Now think about that game between the Lakers and the Warriors you were just watching on ESPN, for an hour athletes were playing a game but earned millions in that short amount of time. Now just think, what could happen if we placed limits on how many assets can be diverted into professional athletes to ensure that more important needs can be met in our society.
The sports market is so saturated today that if you want the very best you 'll have to pay the most. “In 1920, the U.S. Census Bureau first began tracking spending on spectator sports, estimating it at $257 million ($2.9 billion in current dollars). The consulting firm of W.R. Hambrecht reported that in 2010 that figure had increased to $22.4 billion, more than Americans spent on movies or theater”(Reiss 188-189). With some athletes like Shaquille O´Neal earning $41 million off of their first rookie contract which is more than most people make in their lifetime (Cooksey 1170). Even with golf players such as Tiger Woods, who earned a total of $790,594, or $940,420 including international tournaments (¨Tiger Woods¨ 269). In case you couldn 't tell, athletes pay rates have shifted dramatically over the past 20 years, the average pay rate of a basketball player has gone from $325,000 in 1985 to more than $4.2 million in 2000
This amount does not have to be tens of thousands but could just be hundreds on top of everything the athletes get now. If you set the football cap at 3 million and basketball at 650,000 thousand that would still not equal the amount that a lot of coaches of major programs make so it is affordable according to Nocera. If you take some of the money programs spend on facilities to try and recruit players that war and spend it on the salary cap it is affordable and could happen without breaking the bank. Nocera also agrees with Wilbon because he thinks an athlete should be able to use the Olympic model to make some income if they can. Nocera also says that a players’ scholarship for the education should be available for eight years so if the player goes pro and gets hurt and cannot play or does not make it they can come back and get
“Those who believe college athletes should be paid argue that they are “employees”, as they commit just as much time, if not more, to their respective sports than the average person does with their job” (“Should College Athletes…”). 43.3 hours is about the time that an average college athlete spends on lifting and practicing for a sport, studying, finishing homework, and being in class (Deutsch). In fact, the average college football player gives up over three hours more than the average American works each week (“Should College Athletes…”). This demonstrates that athletes spend all their time training for their sport and do not have time for a
Sport players play a major role, especially in the United States of America and in the America Football areas. These players attract fans to their TV’s, live games and other forms of watching. According to USA today, the NFL has an annual revenue of 25 to 35 billion dollars. Thus the average income for a NFL football player is $677,647 per year. Most sport stars have
First off, if college athletes were to actually be paid, it would not be a whole lot. Most recent discussions involve the athletes getting somewhere around $5,000 a year if they even were to be paid (Goldman). It would definitely not be enough to where you would have money to live off of for a long period of time if something happened such as a serious injury. This is why the athletes are granted athletic scholarships so they get a 100% free education. What is better to have something to fall back on, a free education that can lead you to a career, or a couple thousand dollars?
There are huge debates on should college athletes be paid. The NCAA basketball tournaments have became a huge business. College athletes put in a lot of hard work in practices and in the weight room. CBS makes more than $1 billion off of their games, but the players make nothing at all (“Debate Club”). Some fans would like the players to receive some amount of money so the players would be rewarded for their hard work.
Since the athletes spend their money in one sitting they don’t have any money left to pay the contract they wind up in debt. Critics argue that the athletes are paid fairly but I argue that that without experience with this much money that they make have questionable financial decisions. It is easy to think that the athletes know how to handle this amount of money but when you look at the facts with all this money the athletes will have long term financial and social consequences many athletes will face with their enormous paycheck. Since most athletes have reasonable paychecks but wind up spending their money within 24 hours. They should spend more time making a plan instead of spending their cash on real estate and expensive
This downside is that professional athletes’ go broke faster than they are drafted into the leagues. Many professional players such as NBA and NFL players go broke due to career duration, overspending, family issues, and lack of financial knowledge. When trying to become a professional athlete, one must start playing sports as early as possible (Ferguson 34).Playing sports comes with many sacrifices. Athletes must commit time to practice and traveling. Moreover, they must spend money on equipment, clothing, and food (37).
rough draft. “10.8 billion to be exact- between the NCAA and CBS/turner sports for march madness between 2011 and 2024 were talking 11 billion for 3 weekends of television a year.” Right now athletes aren 't allowed to get paid. They also go to college to learn not to get paid. Athletes get people to come to their games and support them.
Most NCAA sports do not make enough profit in order to pay their players any more than their scholarships, due to the fact that most sports do not draw large crowds and have much popularity. The focus on paying college athletes would mainly be on Division 1 football and men’s basketball players, the two sports that bring in the overwhelming amount of the NCAA’s athletic revenue. These two sports bring in billions of dollars due to large television and media contracts, and the amount of public support for these two sports. The gap between amount of profit made by the NCAA and the amount of compensation that football and basketball players receive is the largest, making it important that these players are paid for what they are worth to the NCAA and the universities that they
Many universities supply their athletes with gyms, free health insurance, transportation, food, equipment, and the most important a free tuition. How much more do these athletes need? College athletes just like any student are still perfecting their skills for the real world. They are not yet ready to be paid a real salary for their doings. Just as an interior design major in college is not yet ready to be paid for her skills.
Now, there are some who are able to still have endorsements and sell sponsored products with their own brands. But these are only the most popular athletes, who have had over 10 years in their sport. The rest, with some to no education at all, are in left their mid-30s – 40s, and do not have a job. Therefore, it is necessary to pay these athletes sums of money that which they can support themselves and their family with after their athletic career ends. Notice how it’s usually the best athletes getting paid the most.
People know that doctors and firefighters save lives, while athletes play a game to make money. Even teachers pay isn’t anywhere near to athletes; they educate the generation’s youth so they can make a difference in the future. So many jobs that are very important don’t get paid as much and that money can go towards better causes. But these are only some of the reasons that pro athletes get paid too much.
For instance, Shaq is in the new icy hot back pain reliever. Pro athletes also get big businesses to sponsor and commercialize their products. Critics argue that in today's society one should be paid according to the job’s economic importance and their value to society. However many government jobs don't make as much as they deserve. Furthermore critics argue that athletes should not be making more that the President of the United States - the one who leads the free world!
Athletes are paid more than very important jobs such as surgeons, teachers, and even the president! Athletes don’t even do very important things, they merely entertain fans in an arena. Do they save lives, educate our future, or run our country? No, they don’t. Finally, an athlete's salary is more than an average American household makes in a whole decade.
People know that doctors and firefighters save lives, while athletes play a game to make money. Even teachers don’t get paid as much; they educate the generation’s youth so they can make a difference in the future. So many jobs that are very important don’t get paid as much and that money can go towards better causes. But these are only some of the reasons that pro athletes get paid too much.