There was a common consensus regarding the idea that players making the minimum salary were not overpaid, but that the highest-paid athletes made too much money. I asked 12 friends whether they believed professional athletes were overpaid and 8 responded yes and 4 responded no. The purpose of sports is to entertain millions of viewers, and because of that, I believe that some of the top athletes are being paid too much as their contribution to society is much less than other workers who get paid much less. Athletes spend so much time perfecting their craft and keeping their bodies in peak physical condition, but they are not and will never be more important than workers like healthcare workers, first responders, etc. These 4 sports league collectively generated around 38.75 billion dollars for the United States economy over a year’s span which many people state as a reason for athletes getting paid so much, but in reality, even the athletes making the minimum are making more than first responders, doctors, and other vital people. The MLB generated roughly 9.9 billion dollars, the NFL generated roughly 15 billion dollars, the NBA generated 8.76 billion dollars, and the NHL generated 5.09 billion dollars. Looking back at the 2018-2019 seasons (seasons that were completed before COVID-19 hit) these sports leagues generated billions of dollars. Leagues are able to market their star players which can boost ticket sales, can potentially lead to networks fighting over broadcasting rights, and merchandise sales. I just have a problem with how much more these players are getting paid.Īs briefly referenced in the previous paragraph, star players generate a ton of revenue for the league. I am aware that the stars are the players who generate more revenue for the sport and the owners, so it makes sense that they are getting paid more than other players. The top players get paid a substantial amount of money, while the bottom players receive the minimum or just above it. This number is surprisingly low considering 82 players made $15,000,000 or higher during the same season meaning that there is a large pay discrepancy inside the league. According to the average NBA salary for the 2019-2020 season was $8,320,000. Curry made $40,231,758 during the 219-2020 season and was one of 45 players who had a salary higher than $25,000,000. created a chart that listed out the salary of every NBA player and at the top of the list for the 2019-2020 season was Golden State Warriors point guard Stephen Curry. The public is typically not concerned with the minimum salary players are given, and instead, they are more concerned with how much the top athletes make each year. The NFL is unlike other leagues in that they have a minimum salary that increases for each year a player has been in the league but as a rookie, the minimum salary is $495,000. The minimum player salaries for other leagues are as follows: $898,310 for the NBA and $700,000 for the NHL. This means that every player on a major league roster for the upcoming season must make at least $565,000 or a prorated number based on that number if a player gets called up midway through the season. For example, Major League Baseball recently saw its minimum salary raise $8,500 meaning the new minimum salary is $565,500 in the year 2020. All four major United States professional sports leagues (MLB, NFL, NHL, and NBA) have a league minimum for the value of contracts teams can hand out to players. Despite the millions of dollars they receive each year, throughout the rest of this article, I am going to argue why professional athletes are overpaid (for the most part).įirst, let me establish some context. Amidst the global pandemic, a question has been raised about whether or not professional athletes are overpaid. Professional athletes get paid a tremendous amount of money for the services they provide.
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