The issue of high salaries of professional athletes

NBA playoff game TV ratings spike when the series is close, but they are far lower when one team takes a near-decisive lead.

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.

The player again failed to honor the ruling and was ordered to repay the full amount. Back to LeBron for a moment: The opponents basically approach the issue from moral point of view. It would be difficult to match that figure while playing in a little-known European league.

The same contract that says if he falls off the wagon again he does not get any of that money, but hey, why read the fine print. It depends on the sport, with randomness and season length being primary factors. In most cities, many firms employ accountants and many people are trained to work as accountants.

How much would you pay for that lifestyle. Are salary caps fair. It is adjusted upward for LTBE bonuses that were not earned in the previous year but were counted against that year's cap.

Most people would agree that the job of a construction worker is harder than a physician yet physicians earn more than construction workers. Although the sport labor market is made up of many teams and many players, teams organize into a singleleague, which exercises monoposonistic power, and players organize into a singlelabor union, which exercises monopolistic power.

If they truly valued education more than professional sports, teachers would be paid more than professional athletes. One famous example of this occurring was in the Union Associationwhich operated in If caps or luxury taxes were removed, would players earn more. Running a regression on this data, controlling for year, time, market size, round, and TV channel, shows game number in the series and leverage — both indicators of a close matchup — to be highly indicative of ratings.

However, if someone were wandering in the desert, dying of thirst, he might very well be willing to trade a beautifully cut diamond for a canteen full of water. If firm B offers Andrea a higher wage than she currently receives, she may switch jobs.

Salaries of Professional Athletes — Essay Sample Salaries of professional athletes draw passionate debate on both sides of the issue. Likewise, we find that professional sports acts as a bellwether to our overall well-being. The player is the face and talent that brings fans to the stadiums and can therefore demand an outlandish share.

In boxing and some other individual-based sports, athletes are usually paid per match or per round.

Wage determination in professional sports

There are a number of reasons why the Forbes number is consistently too low. In negotiating salary caps, most leagues split mandatory sport-specific revenue roughly between owners and players. It is possible that the numbers are off a little.

But somehow it was decided that people who labor harder than most, city workers, janitors and factory workers, would be paid less than someone who sits behind a desk all day or someone who plays a game for a living.

Breakdown of Professional Sports Salaries and its Issues

Other studies have shown that salary caps have effectively promoted competitive balance and concluded that forbidding leagues from operating as a single entity would hurt revenues. Physicians may be earning millions later in their career unlike construction workers simply because the economics of their profession is more attractive.

Furthermore, the off-field behavior of many athletes—including the commission of serious crimes in some well-publicized cases—allegedly demonstrates that we should not be paying great sums of money to people who are not proper role models for our children.

If people think they get paid too much stop paying so much for a ticket.

In Praise of Athletes' High Salaries

Because if owners continue to see sold out arenas at high prices why would they lower their prices. Wage determination in professional sports This is an excerpt from Sport and Public Policy, edited by Charles A.

Santo, PhD, and Gerard C.S. Mildner, PhD.

Salary cap

Mar 04,  · Once you have come up with your opinion on the matter, please feel free to share your thoughts in the comments section below.

Heads. Each sport is different in how they pay their athletes. Professional athletes often earn salaries in the millions—but those salaries can fluctuate wildly depending on the athlete and the sport. Are these sky-high salaries reasonable compensation for the grueling physical exertion and risk of injury that come with playing a professional sport?

Pro athletes are in high demand, but there are only a certain amount of people who can play at the highest of sports levels, the professional ranks. Like an earlier poster mentioned, sports teams generate a lot of revenue from ticket sales, merchandise, etc. Apr 18,  · I am a senior editor at Forbes and focus mainly on the business of sports and our annual franchise valuations.

I also spend a lot of my time digging into what athletes earn on and off the field of.

The issue of high salaries of professional athletes
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In Praise of Athletes' High Salaries - Foundation for Economic Education