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Salaries in the NBA
Kind of funny to see the thread "Howmuch money do you need to Retire" and read about people that think they can do it on their $2000/month Social Security check.
This just after reading that Wade in Miami wants 16 million per season, Lebron wants a 60 million dollar contract and Bosch has a 118 million dollar 5 yr contract.
Some people say they have short careers and need to maximize their income. I can guarantee that at age 34 you give me just one 16 million dollar check and I can retire and live happily ever after.
I am not a Clinton fan but this is one case where I have to agree there is an issue with inequality in pay.
This just after reading that Wade in Miami wants 16 million per season, Lebron wants a 60 million dollar contract and Bosch has a 118 million dollar 5 yr contract.
Some people say they have short careers and need to maximize their income. I can guarantee that at age 34 you give me just one 16 million dollar check and I can retire and live happily ever after.
I am not a Clinton fan but this is one case where I have to agree there is an issue with inequality in pay.
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You'll see fortunes appear when competition actually takes place.
Of course that is all out the window with sports. It just amazes me how so many of the players end up with nothing after short careers, just a little financial planning they would be set for life, especially considering where most of them came from.
https://en.wikipedia.org/wiki/Major_League_Baseball_collusion
http://sports.yahoo.com/news/nhl--collusion-question-goes-right-to-the-heart-of-the-nhl-lockout.html
http://sports.espn.go.com/nfl/news/story?id=6033492
I can go on and on and on.
I've been watching Ballers on HBO, i feel like it's a 100% accurate representation of the millionaire athlete's lifestyle.
Why not 300 mil?
Its simple math #seats x home games x avg. ticket $ / number of players on team
I think the NBA splits the revenue 50:50
Knicks are the highest at $125/ticket and Pelicans are the lowest with the smallest arena and lowest ticket prices.
Problem will only come when we fans, and I will not cry poor, just say NO to pro sports, but wait, College sports are almost just as bad only the player get very little.
I'll watch the Superbowl and some car and bike racing.
I played ice hockey and might watch one game a year.
Many things to do.
Knots to be unraveled
'fore the darkness falls on you
In the eyes of former MLB Commissioner Fay Vincent, “It was the most important event in baseball in the past 30 or 40 years.” He wasn’t talking about Hank Aaron’s 715th home run, Pete Rose getting banned from the game, Bill Buckner’s blunder....
...He was talking about collusion.
Wait… what!? Collusion!? As a die-hard baseball fan for the 22 years I’ve spent on this planet, I had never really heard of collusion until in-depth research on my senior thesis into baseball’s management-labor relationship led me to it.
So what was collusion, why was it so important, and why do so few people know about it (and even fewer understand it)?
Early in 1953 Pittsburgh’s super slugger Ralph Kiner had just completed one of the most dominant seven year stretches in baseball history. He led or tied the National League in home runs all those years, and was voted an All-Star in the last five of those seven. Yet, Pirates owner Branch Rickey forced Kiner to take a pay cut going into the 1953 season saying, “We finished last with you, we can finish last without you.”
Of course, this would be unheard of in today’s game because of free agency; something which hadn’t existed in Kiner’s time. Without a market of other teams, the Pirates essentially had a monopoly on Kiner; thus he was forced to accept their demands if he wanted to play.
Free agency fixed this by creating a market where teams had to bid on a player, who could then choose whichever team was willing to pay the most. A fairly simple principle of economics was operative: the more teams accessible to and interested in a player, the more money the player will make. While benefitting the player, this significantly hurt the owners, as increased salaries decreased owners’ profits.
Fast forwarding with respect to free agency, during the years 1986-1988, the owners responded with collusionF: an under the table “gentleman’s agreement” to not bid on the players of another team, undermining free agency by eliminating the market for players.
So why was collusion such a landmark event? To answer this, one would have to go back and evaluate the MLB labor-management relationship from the origins of the Major League Baseball Players’ Association (MLBPA) headed by Marvin Miller. The gains made by Miller and the players over the previous two decades had helped make the MLBPA one of the most powerful unions in the nation – regardless of industry. In 1985, Donald Fehr officially took over as the chief of the MLBPA with incredibly big shoes to fill.
Collusion was the first major incident he faced as head of the players’ union, and in the end he won the players nearly $300 million dollars in damages from the owners. It was, in the words of Fay Vincent, “The most egregious breaking of trust in baseball history… it destroyed any chance of civility on the part of the players.”
The owner who took the lead in coordinating collusion was a man by the name of Bud Selig. Because of the history of bitter labor relations with collusion to top it all off, Selig and Fehr have always had poor relationship. This manifested itself throughout Selig’s term as Commissioner, as Fehr would oppose nearly anything proposed by Selig in collective bargaining – to include testing for performance enhancing drugs.
It is difficult to truly explore the gravity of an event such as collusion with such few words. What is incredibly striking, however, is how little attention it has gotten otherwise. In his book Juicing the Game: Power, Drugs, and the Fight for the Soul of Major League Baseball, Howard Bryant does an incredible job detailing MLB labor relations over the years. However, even he just glosses over the issue of collusion.
Why is this not more explored? Is it because it’s a black eye for baseball? Perhaps it’s because most fans only care about the on-field issues and not the business behind the game? The management-labor relationship in baseball, especially compared to that of the other major professional sports, is a dramatic story that has an incredible effect on the game even as it exists today.
Even less understood is its landmark event: collusion.
That's not true. I'm sure all of the fine gentlemen would be using the degree they earned while playing collegiate basketball.
cases that money is IMMEDIATELY flushed thru right back into the economy. They're all like
little mini-PWAs (New Deal, Roosevelt, Google it) running around.
let me guess ..robots
the good NBA players don't make enough
How many professional athlete strikes have there been over collusion between owners?
who cares it doesn't matter ..... whoever has the most money will win, nobody will watch a product unless the competition is the best.....
Collusion by nature, means it isn't the best competition.
that is meaningless bs
explain why the MLS sucks
BTW each of the league's you posted the players have unions
Its horrifying that none of you know this!
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that's the problem.
Let them get away with it at the high end, they will also try it on the low end.
You don't need an MBA from Harvard to sell drugs on the street......
And big fellas like that make great pimps...strong pimphand!
Many things to do.
Knots to be unraveled
'fore the darkness falls on you