![]() ![]() The rising gap between the average American’s income and a professional athlete’s income might pose a serious threat to sports. In 2019, the average annual income for a US household was $96,955 while the average income of a professional baseball player in the major leagues was around $4.7 million . Sure, their net salaries may be higher than ours, but they are still lower than we tend to think and much lower than what is published.ģ Reasons Why Professional Athletes Shouldn’t Be Paid So Much Aside from federal, state and city taxes and pension, which everyone pays, players also need to pay agent fees, a $10,000 union due, and a Jock Tax for each of their away games, among others. While these may seem huge, so are the deductions from them. Plus, we tend to forget that published professional athletes’ salaries are gross salaries. While the highest paid athletes draw more attention, the truth is that most athletes are fairly paid. Therefore, they deserve to earn more.Īthletes Don’t Get Paid As Much As We Think They also have the celebrity effect, which draws more paying fans in. However, with fans willing to pay more than 100% premiums on tickets to see individual players, like LeBron James, franchise players have extra responsibility to live up to their star power. The amount of money that team owners are willing to pay franchise players often comes at the expense of the other players. Usually, a team has one franchise player, who makes a huge salary, arguably more than his projected value, since he drives the team’s business profitability forward. This leads to more wins and, in turn, more viewers, more merchandise sold and increased brand worth. They make their teammates better, thereby improving the whole team (think Tom Brady Kevin Durant, and, of course, Michael Jordan, etc.). Quality superstars, or “franchise players,” are the face of the team. ![]() Sports teams know that to stay profitable they need to win, which is why they sign the best players available. Professional sports is a money-earning business. Thus, professional athletes’ salaries are a fair compensation for the countless time and energy they put into training and the huge health risks they take, especially considering that their careers typically end around the age of 35. Physical injury can leave professional athletes handicapped or disabled for the rest of their lives NFL players who experience multiple concussions can suffer from progressive degenerative disease that causes dementia and depression.Īdditionally, while most teenagers or college-age students spend their free time studying, working or hanging out, student athletes aiming to qualify for the pros spend all of their free time training. More significant, though, is that players put their bodies in danger daily. For instance, during each season of any professional sport, there are away games that keep players from their families. Professional athletes sacrifice important aspects of their lives, especially their health and family. ![]() Here are three reasons why professional athletes warrant such high salaries and three reasons why they don’t:ģ Reasons Why Professional Athletes’ Salaries Are Fair But he’s not alone in 2020-2021, many other NFL players also signed contracts for yearly salaries ranging from $20-$43 million! These are just the latest example of how, in the current century, professional athletes’ salaries have exploded to unprecedented levels, sparking a debate on whether they deserve them. In the NFL, the Kansas City Chiefs signed a 10-year $503M contract extension with their quarterback, Patrick Mahomes. For the 2019-2020 season, 28 NBA players received contracts that exceed $27.5M for the year, including Stephen Curry, the league’s highest earner, who gets more than $40M a year. *Updated 2021 In recent years, the biggest contracts in NBA and NFL history have been signed. ![]()
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