Essay about Are Pro Athletes Paid Too Much?

728 Words May 15th, 2011 3 Pages
Are professional athletes paid too much?
Today’s sport’s world is the biggest revenue making industry in the world. Different sports bring in different amounts of revenue but they are all enormous amounts. I myself love sports so there are a few sports that I contribute to financially also. Is it fair that professional athletes get paid millions of dollars to entertain us?
It is known that the sporting industry
Sporting events is a place for people to go, relax, have fun, and do something they enjoy doing, watching sports. However, the average family finds it difficult to buy tickets to them and still there are 66,960 fans that attend an NFL game. (Wikipedia) The public contributes to the athletes’ salary and then complains about how
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If I could pay someone $25 million a year to get him/her on my team and generate $30 million, why not hire that player? The salary cap for the NFL is $102.5 million per team, and we currently have 32 teams, so we the public are paying 3.28 billion to those teams. Currently America is in a 11 trillion dollar debt, if athletes could get paid $150,000/year then we could save 1 billion dollars a year. The monetary worth of athletes exceeds the value that any one individual is actually worth. League officials should be using salary caps, negotiations, and legal tactics. Athletes' salaries are in increasing problem for the economy of our modern world. Although the sports have their own equal distributions, the overwhelming salaries of the leagues' highest paid players have made the average of salaries higher and higher each year.
SPONSORSHIP
Companies all over the world are in bidding wars to get their name at the top. Whether it's on the hood of a car in a NASCAR race or on the jersey of a soccer team, these companies know the importance of sponsorship. Sponsors come from every corner of the business world and some even make it big if their sponsored athlete makes it big.
A couple of examples are Red Bull (extreme sports) and Golden Casino (boxing) that have come to the forefront thanks to nameless athletes that make it huge. If a sponsor is going to sponsor a team, they want the superstar to play for that particular team so there is…