5 Reasons why Athletes are Overpaid: Analyzing the Overpayment

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5 Reasons why Athletes are Overpaid: Analyzing the Overpayment
Summary

This essay will argue why athletes are overpaid by presenting five critical reasons. It will cover aspects such as the disproportionate salaries compared to other professions, the role of media and sponsorship, the short span of athletic careers, and the impact of this overpayment on fans and sports culture. The discussion will include economic analyses and comparisons with salaries in other sectors, addressing the question of whether the high paychecks are justified. Additionally, PapersOwl presents more free essays samples linked to Economy.

Category:Sports
Date added
2023/08/18
Pages:  4
Words:  1189
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Introduction

The topic is on the athletics that are overpaid than some sports. The main issue in this topic is that athletes are overpaid more than other sports. Some sports are struggling too much as they are getting out of fans. WNBA players receive only 20 percent of total league revenue, with their salaries ranging between $39,000 and $115,000 per season, which is very less compared to NBA and MLB athletes.

Body

Commercial Success vs. Social Responsibility

When professional sports began about a century ago, it was taken for granted that the athlete's proper source of revenue was some share of gate receipts: money would be collected from spectators and divided among the players.

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This quickly became systematized into annual salaries paid by corporations that had continuity of identity, but the principal source of income remained direct payment from the spectators, as ticket buyers. Thus, this is the main point of how the teams make money through ticket sales, viewership, and merchandise sales, and then, the owners pass these earnings to their players. Therefore, if people agree that athletics are overpaid, then they should stop creating such a high demand for sports. Some see this as a good sign, but some regret this as they think they are not contributing anything important to society except entertainment. Neatly, not all sports all treated equally, as some are given a higher value than others. Major League Baseball may be responsible for the rising salaries of athletes. If all 30 teams' salaries were combined, the total price tag of every big league player would be in excess of $2.02 billion. That translates to $67.6 million per team and $2.7 million per player. There are currently 41 players in the majors who make more than $10 million per year. One of these 41 players, Alex Rodriguez, is the highest-paid athlete in the world; he makes $22 million a year. However, a professorial athlete represents much more than just someone who hits a ball with a stick or runs up and down a field. These athletes are idols and role models for impoverished and upper-class children alike. They provide motivation for children that would otherwise not have it, and with an athlete, these children are given a chance to take a step into the world and make a name for themselves. Some field job peoples think that their wages should be increased as they are highly qualified and more intelligent. Forex. Doctors have done at least five years of post-college training, they often leave medical school with hundreds of thousands of dollars of debt, and they provide a vital service to the community. Society development is impossible without doctors, so their wages should be increased.

Athletes as Role Models and Icons

How much money does the average person really need to be able to eat three times a day, have a roof over their head, send their children to school, and have a car? All this could be done on an income between $30,000 and $40,000 easily. 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. Steps must be taken by both sides as both can come together to do society welfare work. Athletes should donate half their earnings to hospitals, colleges, and charitable trusts for better advancement. Also, the richer franchises should give their focus to the teams which are going down day by day by helping them financially, and it's all about coming together.

Now I will give some examples of how much some people in non-sports industries make each year. These numbers may vary depending on the specific area of expertise.
· The highest-paid type of doctors average just over $500,000 per year
· A GS-13 level astronaut(The highest level from NASA) makes roughly $107,000 per year
· A lawyer with 11+ years of experience makes up to $170,000 per year, plus perks
· An above-average car salesman can make up to $70,000 per year, plus a bonus
· The median household income in the US is right around $54,000 per year, depending on the level of education completed.
Pay should be according to the performance of athletes.

If a player scores a touchdown, he earns money, hits a home run, wins an MVP, and so on. Teams can have the ability to set the amount an RBI will be worth each year or two. This will also prevent players from relaxing too much when they receive a big contract, usually from a stellar year in a contract year.

The Commercialization of Sports

Some professional sports pay their athletes astronomical sums of money. For example, in sports like cricket, football, and basketball, the athletes earn money in the millions, and this income hugely motivates the athletes to improve their personal qualifications and also drives the amateurs to consider sports as a future career. The sponsorship money helps an athlete increase their pay even more and pay more to get the best quality kits and equipment that they need to play the sport. Moreover, it also gives a professional athlete scientific knowledge about the discipline of sports.

There are many fans and organizations who consider the commercialization of sports as nothing but an attack on everything that the sport holds sacred, on its central ethos. According to them, competitions should be held as a tournament where athletes showcase their superiority instead of using it as a marketing tool to rake in money. In some ways, these fans are right because the increasing amounts of money at stake at an event takes away the sheen from the sport itself, and the competition loses all its importance. This can be easily observed when a boxer refuses to fight another boxer because that fight will not bring a lot of money or when footballers choose to ignore national call-ups so as not to jeopardize their payments with their clubs.

Conclusion

In my opinion, the athletes are paid much, and those bench warmers are still getting paid millions of dollars. Those funds could go to the firefighter risking his/her life or to that teacher empowering your kids with the knowledge they need, not to some bench warmer whom no one knows. There are lots of people in the world who are working really hard just to get food on the table for their families. At the same time, you have famous basketball players going out to a fancy restaurant every night for dinner. You have little kids starving and trying to help out their parents. Some little boys have to take on the dad role because their father died. What can be said of the heroes in this world who leave their families at home and go fight for their lives and ours? I think that those who benefit society should be the ones who have the bigger checks. Teachers are in high supply, but it is almost impossible to find a decent teaching job nowadays. I honestly don't think that teachers get enough for what they do.

References

  1. https://www.debate.org/opinions/are-professional-athletes-paid-too-much
  2. https://www.nytimes.com/1976/05/04/archives/issue-and-debate-have-athletes-salaries-hit-ceiling-have-athletes.html
  3. http://www.espn.com/nba/

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5 Reasons Why Athletes Are Overpaid: Analyzing the Overpayment. (2023, Aug 18). Retrieved from https://papersowl.com/examples/5-reasons-why-athletes-are-overpaid-analyzing-the-overpayment/