...Salaries of Sports Athletes The world of sports is a multimillion dollar industry. Around the globe, people flock to sporting events or watch their favourite teams faithfully each week on television. As a result, professional sports athletes receive huge salaries – well above, for example, those of doctors, lawyers, teachers or social workers. There is some debate about whether such outrageously high salaries are justified. On the one hand, sport is viewed as a professional career, in which the top players should rightly earn high salaries. Athletes train rigorously from an early age to become peak performers in their field. They face tremendous pressure in each and every game, match or competition. Their personal lives are compromised and they lose all privacy. At the same time, their strong achievements bring honour and attention, not only to themselves, but also to their teams, schools, cities or countries. On the other hand, various professions contribute to making our world run smoothly. Doctors put in at least ten years of grueling study and internship; their work saves lives. Teachers educate and inspire young people to be responsible citizens: their efforts produce the citizens of tomorrow. Social workers rescue individuals facing physical, mental and psychological challenges: their intervention creates safer societies. Yet, professionals in the fields above usually struggle to get by, despite their meaningful and critical contribution to the world. In my view, paying...
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...1. Title of Speech: “Athletes Salaries’. Are They Justified?” 2. Speaker Role/Audience: Student/An Athletic Board 3. Specific Purpose of Speech: To convince my audience that athletes’ salaries are not justified. --------------------------------------------------------------------------------------------------------------------- I. Brief Introduction and History of Topic: $90 million, $80 million. That adds up to a lot of money. Imagine how many mouths you could feed or how many kids could go to college with that money. Unfortunately, $90 million is the contract Nike gave Lebron James before he even touched an NBA basketball. $80 million was his contract extension in 2006 (USA Today). During the Great Depression of the 1930s, the biggest news in pro sports was Babe Ruth's contract, which paid him $75,000 per year, more than the President of the United States. (Show me the money!) According to the Seattle Times, when confronted about making more than the president, Ruth famously replied “Why Not? I had a better year than him.” Now even the lowest paid pro athletes earn almost as much as the President, who makes $400,000 a year. Later, in 1964, the Saint Louis Cardinals and the New York Jets got in a bidding war over Alabama quarterback, Joe Namath. The Jets came out on top, showing Namath a pretty decent deal. According to Harvey Frommer, sports author, Namath was “signed to a four-year contract at $25,000 per season, plus a $200,000 bonus. Scouting jobs...
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...Should professional athletes’ salaries be a limit? Should the professional athletes’ salaries be limited? This kind of question has been widespread and debated for a period of time. Why? It is because of the popularity of many sport competitions or simply sport fans around the world that support and make this happened. We have started to question about the appropriateness of the amount of salary the professional athletes are offered because the quantity is unbelievably rich and impossibly affordable in the view of common people. For instance, Gareth Bale, a Welsh soccer player, signed a world-record contract moving from his old club Tottenham Hotspur, London to Real Madrid, Spain. The contract is worth 100 million euros and has allowed him to earn 170,000 euros a week, and as we can see the amount of salary is highly beyond the average salary a person should get. This reason makes things understandable when we see our children writing in their articles that in the future they would like to be a professional athlete rather than a salary man. As a result, some people who view it as unfair would give recommendation that the athlete’s salary should be reduced and limited, so that that amount of money could be used for developing in other necessary fields. However, their opinions are likely ignored and taken no action because in the reality there are no such laws and regulations in the first place. In my opinion, there are three main reasons to support my viewpoint what the professional...
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...Large Salaries of Pro Athletes Negative Effects On Athletes and Sports Abstract This paper will explain the effects of the luxury contracts of athletes on sports as well as the athlete. The debate is whether the effect is a negative effect or not. This paper will aim to show how the contracts of athletes have changed significantly over time. It will also show how the pro athlete affect the sport of college in different aspects and if that helps or hurt the college athletics or influences it in a way to help the athletes. Then we will focus on how the salaries affect the players themselves. We take a look at today’s professional athlete and wonder what it be like to live like that. Even though the professional athlete is few in numbers, the popularity of such sports industries as the NFL, NBA, MLB and etc. are well documented by the lucrative pay days. The major sports industry is at least a 100 billion dollar business and growing. The athlete’s income only consist of a small percent of this amount, which leaves the majority to the industry itself. Though we must take into account the exploits of the professional athlete. The perception of today’s athlete has drastically changed from that of the last decade, and even as early as the 80’s. One of the major changes would be the drastic increase in the salaries paid to professional athletes. The high salaries have robbed what most would say the passion for the game that the athletes of early age played before the luxury...
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...“Pay the college athletes?” Whether or not to pay college athletes has been in debate for a number of years. No one seems to be able to decide whether or not these “students” deserve to be compensated for their actions on the gridiron, or whether they should be treated just like every other student at the school. The fact of the matter is that these athletes are not actually like every other average student. These athletes for some of these big name schools aren’t just helping the NCAA rake in small chunks of money; in fact they are helping the NCAA make billions of dollars every single year. It seems like only the NCAA is benefiting from the money who are the people in charge, and the workers, the athletes, are working for such a large profit, with no compensation towards them. To some this is the way it should be, but to others, they feels as if the athletes are being abused in a way that they are unable to fight back about. Therefore, do scholarships and free-living expenses make up for the billions of dollars these top tier athletes are bringing in? Or are these college athletes being abused by the billion-dollar industry that they help fuel? Some people view college sports as students at a school, representing their school through the act of a sport. However, the truth is that these college students fuel a billion dollar business that has no income for the actual “employees.” In Taylor Branch’s article, “The Shame of College Sports”, he continuously shows how these...
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...Baseball Players When addressing the value of entertainment, there is without a doubt, that we as a society value entertainment highly. But there is no reason that these athletes, who are here to merely entertain us, get paid higher wages than those that save our lives and teach us such as medical doctors and teachers. Professional athletes do not offer society an essential function that improves or enhances our world in comparison to other professionals. It is my claim that professional baseball players are paid more than they are worth. Economics is the key to understanding why these athletes earn such tremendous salaries; still, it fails to explain why they actually do deserve it. Giving athlete’s high wages doesn’t only distort them, but also bring downfall to clubs and the country’s economy. The growth and the development of a sport may be reflected from the wages of the athletes and that is all it does. In conclusion, Team owners pay more to keep athletes on the team to be on a winning streak, but whether the drive to win is justifiable remains in doubt. The economic system involving sports, corporate America, and the media is an interdependent one. Athletes make huge sums of money paid to them by owners who make even larger sums of money. Agents, free agency, and other phenomena keep athlete salaries rising. So, too, does increased ticket sales to games, increased TV viewership, enormous media contracts, TV advertising, and corporate sponsorship and endorsement deals...
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...College Athletes Be Paid In 2013 the NCAA made 912.8 million and 85% of that came from the division I men’s basketball tournament as you can see college sports is very popular in the United States but who really wins? The average division I football player spend about 44 hours per week to football with practice and other sport related activity now mind you this is a college student. College student across the country are given homework and are expected to study for test and be prepared for class when need be so as you can see the athlete doesn’t have lots of time to spare for like working a job. Teams travel to different parts of the country to play sports against others college teams and we all know how hard travel time can be now if I’m not mistaken in this country you have to have some kind of income to make ends meet. The NCAA make all this money while the athletes in which they make the money off of has to travel and dedicate most of all their time to the sport they play. If a student can’t work a job how are they supposed to take care of themselves many student go without eating a hardy meal or having the basic needs to survive yes they may have a dorm room and a cafeteria lunch but your taking about athletes most of which are big human beings that need to eat. The NCAA make money off these kids’ jerseys, video games and autographs but the student is not allowed to take money or profit off anything while not working a job. Many people say well the athlete get a...
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...| Debate Paper | Are professional athletes overpaid compared to other leading occupations? | Joe Harris | XBCOM/275 | 5/19/2014 | Introduction A. Are professional athletes overpaid? B. Professional athletes are not overpaid Body A. Comparison of athletes salaries to that of other major professions B. Professional athletes are making too much money (Opposing Argument) C. Reason #1 D. Reason #2 E. Reason #3 Conclusion A. Conclusion B. Restated Argument C. Lead-out Everyone loves to watch sports, well almost everyone. I know that I do, but it seems to me that fans debate on who the best teams and players are, in any of the multiple major sports associations, year in and year out but the one question that has never been answered is, are these athletes being overpaid? Now for the sake of this particular debate I have chosen to compare athletes in all of the major sports compensation to that of someone who is considered to hold a more prestigious role in society. Professional athlete’s compensation does not just stem from the money that they receive via contract from their leagues, but also from the endorsement deals that are signed with other companies. Keeping that in mind, here is a list of the top 5 highest paid professional athletes: 1. Tiger Woods (Golf) with an annual salary of $78.1 million, in which $65 million comes from endorsement deals and $13.1 million from his respective employer the P.G...
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...increase revenue for the team. The better the players become, the better the games, the better the games, the greater the audience. Who is right? & Why? Overstated player salary expense Spreading players’ bonuses over the length of the player’s contracts would effectively reduce the Salary Expense per year for the team and better distribute salary expense over the player’s contract, but that would effectively defeat the purpose of the bonus. In my opinion, the transaction has to be recorded when it happens. Those bonuses are paid in the signing year of the player to motivate the player to play good. Changing this would be a very controversial issue since many players may want to get their bonus in advanced. Although, I don’t agree with distributing the player’s bonuses over the life of the contract like Mr. Hanrahan proposes, I would definitely agree with him that right thing to do is to report only the Salaries paid to the players at the time it is paid. What if the player dies or goes to jail? If that were to happen, God forbid, then they would not have to be responsible to pay those monies. This 20% should be a deferred expense since it is not been paid in the present time. More if the Zephryrs team is not setting that money aside. I would also agree with Mr. Hanrahan in that any salaries due to players are...
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...financial officers, chief executive officer, upper level managers and the company president. Executive compensation mostly consists of base salary, bonuses, long-term incentives benefits, and prerequisites whose main purpose is to motivate the executives to steer the company to profitability and make decisions with the best interest of the organization. Executive compensation has been on an upward rise especially within the last few decades reaching to unprecedented levels. Worse still, executive employees’ salaries and benefits have increased at a significantly higher rate as compared to other employee’s compensation consequently raising controversy not only of the ethical issues but on issues of equity and efficacy of the high compensation in motivating the executive’s performance. The paper thus posits that the increased executive salaries are not only unethical but are not a reflection of executive performance nor are they correlated to executives performance and as such other options of motivating executive employees should be explored. Other employee motivations such as through psychological contract, organization motivation and employee development should be sought especially with the increased use of teams in management in volatile environment. Types of executive compensation Executive compensation consists of the base salary, bonuses, and long-term-incentives such as...
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...(Cassavaugh). Athletes can lose scholarship money because of an injury, poor play or misconduct. There has been controversy that student athletes should be paid. How does one determine who should be paid, how much and where does this money come from? Athletes are amateurs who should concentrate on their education. How does one determine if an athlete is an amateur or a professional? An amateur is one who cannot receive money in the form of salaries or endorsements. They play a sport for the love and desire of it. A professional on the other hand gets paid a salary or money for endorsements. Professionals are also more skilled and concentrate one hundred percent on their sport. Amateurs do not have the time to only commit to a sport since they have to attend classes or work to support themselves. If student Athletes did get paid, college sports would lose their competitive hype. Let’s look at football on a college level compared to the pros. Athletes playing on a college level (amateur) give every play their all trying to do whatever it takes to win with hopes of someday be picked to go pro. Pro football players on the other hand, do not give every play one hundred percent. They are afraid of being hurt and know regardless of the game’s outcome they will still get paid. What if the athlete does not make it to the professional level? These student athletes need to make sure they have an education they can fall back on. These student athletes are students first before the athlete. In...
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...o Athletes are astounding creatures. They have an unmatched strength and a high level of stamina. They dedicate hours upon hours training and prepping for the sport that they love; or is it just for the money? This day in age all big time athletes that play professional sports have an agent who deals with outside contracts, negotiates contracts, which is a major factor in how much a player makes. There are three kinds of athletes: overpaid athletes, underpaid athletes, and athletes who earn every single penny that they make. For years this question has swarmed the minds of many men for many years: Are pro athletes overpaid? Team owners all around the U.S. Dish out a lot of money for certain players that stand out from the rest. Some teams have been known to spend most of their entire salary cap on one player leaving the rest of the team to get paid little to nothing compared to other players, but is it truly worth it? Owners also pay a large amount of money to their favorite players is for publicity. Most if not all pro teams have that “it” player that a lot fans will pay to see. The value of the team goes up and players with a higher skill level can be brought in making the team a lot better. The overpaid players often result in other players not getting paid enough. These athletes consist of everyone from baseball's bullpen to football and basketball's second-string...
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...Genetic Testing and College Athletes On April 13, 2010, the NCAA made tests for Sickle Cell Trait (SCT) mandatory, effective in August 2010. SCT is a condition where the blood cells are elongated and potentially block blood flow and resist bonding to oxygen. The trait is generally benign but becomes active under extreme physical stress. For athletes, when performing strenuous activities, the trait is sometimes triggered and can potentially cause death. The statute states “student-athletes must be tested for sickle cell trait, show proof of a prior test or sign a waiver releasing an institution from liability if they decline to be tested.”(Brutlag, 2010) SCT genetic testing and NCAA regulations were implemented in order to protect student athletes, but the testing raises questions of who should receive the test results, the use of the results in discrimination against affected athletes and its potential to be cascade towards excessive genetic testing. In the current legislation, the results from an athletes test are given to the school, the coach and the athlete. This disclosure policy has the potential to be used to discriminate against those who are afflicted with SCT. Although the athlete has the option to opt out of testing initially once they have the test, the disclosure to the school and coaching staff is automatic. The test results should be first given to the student, and then they should have the option to waive liability and not disclose to the university...
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...Derek Layton Professor Bird EN 300 11/18/14 Are College Athletes Going to be Paid? The NCAA is one of the top organizations in the world that brings in billions of dollars in revenue on college athletics alone most notably with college football and college basketball. Yes some of these athletes do get compensated with some sort of scholarship which does help out with their expenses but the chances of an athlete receiving an athletic scholarship that is worth anything meaningful is less than 2%. A full ride scholarship might as well be compared to as finding the pot of gold at the end of the rainbow. In cases that an athlete does receive a scholarship this does not come close to covering the expenses of tuition yet alone all of the other expense such has room and board, food and everything else a human being needs to survive. Playing a colligate sport is just as demanding as a full time job and according to a survey done by “[1] The NCAA in 2011 playing football required 43.3 hours per week; college baseball, 42.1 hours; men's basketball, 39.2 hours; and women's basketball, 37.6 hours.” So these athletes have no time with school and their respective sport to find a job to help them with other expenses so they have to rely on student loans, grants or their parents to help them get through school. This also makes it much more difficult for a student athlete to pursue a more rigorous degree such as sciences and engineering. One problem that I have with the NCAA is all...
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...Is the salary paid to sportsmen far excess of their value to society? Nowadays there are a lot of spheres with great money turnover such as show business including musical one, food industry, film industry, advertising, building industry, politics... This list we can expand and expand. But we should not forget to include here professional sport. It's an obvious fact that now professional sportsmen get incredibly high salaries in comparison with people involved in wage labour. That is why some people ask themselves a question: "what do these athletes do so valuable for society to get such munificent reward?" Of course, this question is not incurious, so let's look into it. At first, nobody will deny that if sportsmen get such serious money, someone is interested in it and is ready to go to expense. And of course, these money-bags are mainly sponsors that give money for positioning of their ads on T-shirts, on different products of professional clubs, on advertising panels standing near pitches, and so on. Sometimes even stadiums have the name of the sponsor: for example, Etihad Stadium, Emirates Stadium (Etihad and Emirates are international airlines). Why do they do it? Obviously, to make people know about them through the TV and other channels of communication in order to attract attention of potential consumer of their product. Okay, advertisement is printed on the team form, and here is a turn of a sportsmen. Showing brilliant talents of ball possession, tactic...
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