Friday, July 17, 2009

Join up and Let's Stop Overpaying Athletes Once and For All

By Travis Ristig

How is it possible that athletes make so much money even in the toughest of economic times? How can they make millions and millions for easy jobs while we all toil away? It's enough to make us want to rise up and join together to stop overpaying athletes once and for all. Why do Alex Rodriguez and Tiger Woods get to make all the money will we toil away in debt?

It's actually ridiculous how much money some of these athletes make, not just over the course of their careers but in the course of a single year. In a good year, Tiger Woods has been known to rake in over $100 million when you include his tournament winnings with his endorsements. That's more than the revenues for many entire large businesses.

What about the rest of us? Doctors, lawyers, CEOs, we can all end up making some good money. If we graduate in the top of our class and dedicate 60 or 80 hour weeks to our job, we can make a few hundred thousand dollars per year. Of course, we'll also be paying off our student loans in the process. While Alex Rodriguez and Tiger Woods and other professional athletes just get to sit back and rake in the millions.

Here's a fresh perspective for you, do you realize that we as sports fans in our society have actually bailed out our teams and athletes from the recession? Why are sports thriving when everything else is suffering? Because we concede the fact that we have to pay a huge price for sports and that's the way it is. Sporting games and memorabilia should be affordable like they used to be, we have to join together to stop overpaying athletes once and for all instead of sitting idly by.

Another criticism you might hear is that well it's because we are willing to pay so much, that's why the athletes make so much money and that's not their fault. That's true, it's not their fault but that doesn't mean we should be gouged every time we want to watch a sporting event. Just because we might bitterly agree to something, doesn't make it right. If ticket prices and food and parking at the ballgames were cut in half, the athletes would still be making millions of dollars, and we'd be that much better off.

One of the craziest aspects of the whole thing is that the base salary or the minimum salary for many major sports leagues is more than top professionals in respected business, science, law and medicine fields can make. Even a mediocre player in the first year of his athletic career will make a minimum of $200,000-$500,000 in the NFL or the NBA.

To top everything off, these athletes were basically given everything in their life. We have had to apply to schools and hope we get in. Take in student loans and work to finish at the highest of our class in order to find the best jobs. Meanwhile the few athletes that even went to college received a complete scholarship and then were immediately launched into their lucrative athletic careers.

I've certainly had my full share of hearing about Alex Rodriguez and Tiger Woods and everyone else and their hundreds of millions of dollars. I say that we stop overpaying athletes once and for all, and the hardworking Americans, spending long weeks in marketing, sales and all other departments reap the dividends.

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