pro athelete salaries
Athletes are Not Overpaid
According to Rovell and Rafael (1), “Floyd Mayweather will earn almost as much for 36 minutes in the ring in May as Tim Duncan has made in his 18-year career with the San Antonio Spurs ($235 million)”. For starters, Tim Duncan is a professional basketball player and Mayweather is a professional boxer. The above statement was in reference to the Mayweather-Pacquiao boxing match that was predicted to rake in around $500 million in revenues. According to Warner (1), the President of the United States of America, currently Barack Obama, earns an annual base salary of $400,000. As such, the huge salaries that are raked in by sports stars have become a considerable item of discussion with some people being of the opinion that professional athletes are overpaid. For example, some professional soccer players in major leagues in Europe will rake as much as $300,000 a week in wages. They might have at most two matches to play in a week. The transfer market has also witnessed a high valuation of players with some being valued at amounts in the excess of $100 million dollars. So are they worth it? Professional athletes are worth every penny paid to them.
Athletes Deserve Pay
Commercially, professional athletes deserve all the monies that are paid to them. The professional sports industry can be regarded as a multi-billion dollar industry that rakes in lots of money from ticket sales, radio and televisio…
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