"To hear far too many tell it, a salary cap is the panacea for all that ails baseball." There are many theories and examples that support the other side’s argument as well for example, the NBA and NFL both have salary caps, but baseball is nothing like these sports. It’s a whole different situation. Many people argue that MLB only needs a revamping if…
The Yankees payroll was 156 million last year compare that to the team with the second highest payroll the Los Angeles Dodgers at 115 million and it is easy to see that the Yankees are able to spend much more money on their team than any other organization. Then compare the Yankees payroll to the lowest 21 team payrolls and the Yankees payroll more than doubles any of these teams. This shows that teams on the high end of payroll have much more money to work with when signing players to play on their teams. Competitive balance focuses on whether the salary cap would be able to allow all teams, particularly teams with the bottom ten payrolls to be competitive or would it have no affect or would it make the situation that exists worse. The production function for success of a club is: Success = (payroll + player talent + coaching talent + scouting talent - injuries). This is the production function for success because these are the factors that lead to successful winning seasons. Payroll is high on the list because it directly affects other factors in the production function. The way that payroll correlates with the success of a team is that teams with high payrolls are more likely to have successful seasons. It affects all other…
To begin with, I believe Major League Baseball players are way overpaid, and have no idea what it is like to live off a regular American salary. According to baseball writer, Richard Cato, many rookie athletes are worried more about how much money there are going to make, before they even think about throwing their first pitch in there major league career. Almost 10 years ago former cubs pitcher, Mark Prior, argued and argued with team management that his 10 million dollar contract was not going to be enough to support himself and his family (par 5.) This is where my problem begins with Athletes being overpaid. They complain about not making enough money each year, where middle and lower class Americans manage to live off there much smaller salaries. I personally think the league…
To begin with Athletes get paid a bunch of money just to play a game. Athletes are getting paid a whole bunch of money a year the lowest they can be paid is 500,000. For example in June the colts signed a quarterback Andrew luck right to a contract worth 140 million . The average salary for a baseball player is 4 million. Athletes get paid too much money!…
Do Professional athletes get paid too much? Yes, they do, Professional athletes get paid over 1 million dollars a year while the normal household salary is only fifty thousand dollars a year. This means that someone who just plays baseball, basketball, football, makes more than an office manager who gets paid a salary ranging from $30,041 to $63,184. Athletes get paid more than the people risking their lives to keep them safe. Athletes get paid too much and the amount they make needs to change.…
Many of today's top-paid athletes have exclusive contracts. Some act in commercials, although they're not actors. Others endorse name-brand products, yet they're not businessmen. The only thing they have going for them is their fame as a good, or great athlete. Not only are they getting an outrageous salary to play sports, they are also getting a huge kickback for the products or services they…
The article “Do Professional Athletes get Paid too much Money” is written by Mihir Bhagat a senior analyst. Bhagat believes professional athletes make too much money. In his article he explains the amount of money someone is paid should be based on the economic importance and value of the job for society (1). He thinks playing a game isn’t very important when it comes to society (1). Bhagat states that teachers and even the president of the United States get paid less than professional athletes. The article then lists some of the other workers that are paid less than professional athletes such as firefighters, police officers, military workers, and doctors. This fact is truly sad because these people protect and save people in this country while…
Are professional athletes being paid too much? According to Charles Ray, athletes are making a lot more then they should be. Some players are making more then a brain surgeon would, yet the athletes don’t have to go through the pressure of saving lives. The money they’re getting paid could most definitely go to a different cause, instead of paying excessive amounts to hit a ball or shoot a basket.…
The first reason why athletes should not get paid is because they already get free things from their sponsors to their fans. “The NCAA athletes get paid with psychology classes, track suits, knee braces, and ice baths.” This proves that the athletes get free stuff some of it that they don’t even use. Also the more popular you get the more fans you have and more sponsorship you have which means more money/gifts.…
Do you think that athletes get paid way too much money? Athletes gets paid more then the person who controls our country. Also the franchises get payed more then the athlete and that’s why athletes get paid so much. Salary comparison, respect and prestige, and fans supporting the team is why pro athletes make so much money. One of the first reasons why athletes get paid way too much is because of all of the fans that buy things to support the teams.…
I believe this because no team should be restricted on how much of their money they want to spend. As said earlier, the team with the highest payroll doesn’t always win a championship it just means they’re not afraid to spend and aren't cheap. Also players shouldn’t be capped on how much they can make in their career. Also most professional athletes are underpaid. This is due to how much revenue the players bring to the league. For example, NBA superstar, LeBron James, is a household name, he has millions of fans that expand to a wide coverage that brings more viewers to the NBA which makes them more money while the player are capped to earn a certain amount and nothing above that. Some may argue that the players earn endorsement deals and shouldn't get paid more but the players have to earn them and not all good players earn…
Another reason is the fact that athletes develop massive egos. As said in the article “Do professional athletes get paid too much” Hjelm says that “During the NBA lockout of 1998-99 players were crying poverty (Hjelm 11).” Hjelm also said “Kenny Anderson, then a guard for the Boston Celtics, complained of not being able to afford insurance on his eight cars (Hjelm 12).” This proves that athletes become whiny little brats when they get these huge paychecks. It has to stop.…
Wouldn’t it be amazing to be paid nearly $111 million a year just because you played a game? Many athletes are being paid big bucks just like famous quarterback Andrew Luck. But do these famous athletes really deserve all those millions of dollars? In my opinion, they are definitely being paid an excessive amount of money. Professional athletes are paid too much money in an unfair way because they are paid more than the people who “perform more valuable services”, and the money they earn could be reinvested into the community instead, along with the expensive game tickets.…
There are numerous laws that already exists in witch to prevent similar business to restrict pays and limit the command for their companies. This allows employees to not be bribed or feel obliged to work for one company over another. The same concept is included in professional sports in the idea of a salary cap. A salary cap is a mechanism that allows owners of companies to control and quash an athletes wages. Very wealthy owners of companies with shell out a lot of money to have certain players on their team. If one owner happens to be generally more wealthy than anther, then you would start to see many star players joining the same program because of the wages they are offered. The salary caps allow one very wealthy organization to not overpower the rest. By limiting the amount of money a certain player can make to a certain amount, one single team cannot out bid another. Salary caps are necessary in professional sports for them to function. By not limiting the amount of money a team can spend on a player the odds of a team winning increases and level of competition decreases, witch leads to decrease in value of an organization as a whole.…
The sport industry is one of the largest industries in the United States, meaning it brings in the most revenue. But, aren’t the players actually the ones bringing the money in? The spectators are paying a big amount of money for their tickets and not to mention paying even more on foods, drinks and sporting attire. Since athletes are bringing in almost $11 billion a year, it is only fair to pay them. Being a part of such a large industry, people expect athletes to perform as professional athletes do. High expectations mean athletes have to be committed and willing to put in the long time consuming hours and hard work. This is an all day everyday commitment that leaves you with no free time or anytime at all to go out and get a job so that you can support yourself. People say it is only fair that college athletes get paid so that they can make a living and support their self.…