We all know money makes the world go round. You need it to survive on this planet, and whether you want to accept it or not, most people want a lot of it.
We all wish for wealth and health, but we work harder for wealth. We get up every morning and work hard to get every dollar we can possibly get; some work harder than most. Some of us are blessed with the opportunity to make money while doing something we love; athletes are the prime example of it.
Not only do athletes make money, they make a lot of it. The Sports industry is one of the most lucrative industries in the world. 3 years ago, the NFL and NFLPA were beefing over $9 billion in revenue money. After this season, the MLB is projected to make $9 billion. Just a couple days ago, we seen a player contract that was worth $292 billion, most ever in professional sports. My question is, Does this help or kill our beloved sports?
Jerry West played 14 seasons in the NBA, 1960-74, and his highest annual salary was $90,000, $1,125 a game. Now the average salary in 1965 was $6k, so Mr. Logo was still caking. But when you compare it to today's NBA salaries, you would think Jerry West was getting robbed.
Joe Johnson, who is no where near the caliber of Jerry West, makes $261,789.24 every time he plays in an NBA game, nearly 3x more than West yearly salary.
That is just to show you how much sports and the U.S economy has boomed in the past 50 years.
I think it is a wonderful thing that athletes can make millions doing something they loved since they were kids. I hate when people try to tell young kids to strive for more than professional sports, when their isn't another profession on this planet that will pay a man $5,949.75 per minute(Joe Johnson).
Everyone wants to be rich but what's better than having millions and playing ball? LeBron James coming out of high school in 2003 signed a 7-year $90 million contract before he was even drafted. It's hard not to want to strive for that kind of wealth and success; and how many 18-year olds can say they have a Nike contract?
Since then LeBron has won 4 MVPs and 2 championships. Last year LeBron made close to $57 million and was 2nd on the Sports Illustrated Fortunate 50, that list the top earning athletes. Recently LeBron voiced his opinion about Miguel Cabrera's new mega contract worth $292 million. LeBron also added that he would like to see the NBA have a more flexible cap system so players like himself can sign mega deals like Cabrera's.
One reason why the NBA and any other leagues can't hand out big contracts like the MLB is because they don't have a 162 game season to work with.
This isn't the first time LeBron has made a comment about contract situations though. When he signed with the Heat, he took a pay cut, along with Bosh and Wade, all three making less than $20 million a season. Now all three could have had max deals, worth at least $23 million a season, but that is the sacrifice they made when they decided to join forces.
LeBron also went on to say that he would definitely sign a mega deal like that this summer, giving me even more reason why I think he is going to opt out and relocate his talents.
Aside from professional leagues, college ball also brings in the big bucks. The NCAA Men's basketball tournament has generated $1.15 billion in AD revenue this season; meanwhile the players get none of it. That may change in years to come though, with Northwestern University Football team being approved to unionize. In the next 5 years we are about to see the transformation of college athletics. With NU football players allowed to unionize, they are now allowed to go on strike, basically refusing to play, until they get what they want. Former NU quarterback, Kain Colter, has said that this is to basically get players more benefits but we all know it's about the money. You get a free education, free room and board, and meals, what more benefits do you need?
For now though, the ruling is only for private institutions like NU but this is only the beginning. For the past 20 years, the discussion of whether college players should get paid or not has been on going and now it's starting to come into fruition, which I think will kill college athletics.
Money will kill college athletics one way or the other. The NCAA, for decades, have used these kids to support their "non-profit" organization. The problem with the NCAA, the universities, and major conferences is they do not support the athletes as much as they should. When we are talking about billions of dollars being made because of theses athletes, then some type of compensation should be given to the athletes.
I do not think they should be paid directly because, only a handful of schools will be able to pay all their athletes. Also, how will this effect recruiting? Will colleges offer contracts to 17-year old kids to play at their school? It just doesn't look good for the future of college athletics.
I already feel like money has affected college athletics with all these conference realignments, killing great rivalries, and let's not forget about the terrible BCS system. One thing we can't deny though is they do provide these kids an opportunity to better their situation, with a free education, a place to live, and to play their respective sport for at least another 4 years. I don't see these player as employees, I see them as students that play a sport at a SCHOOL. It may seem like they play for professional teams but these are schools that are funded by the state and have a student body, not an owner or GM.
Mark Cuban made some comments about the NFL, saying it will implode in the next decade if they continue to add gamest throughout the week, which I agree with. I describe it as eating your favorite food every night in a row for 6 months, eventually you will get sick of it and won't want it anymore. And with the NFL continuing to add rules and treating players like crap, I really see it happening.
We as fans love the game of football and the owners know it. They know we can't get enough of it, they know we want to see their great players as much as possible, well that's what they think.
The beauty of football and the NFL is that its only 16 games. The best 6 records from each conference make it to the playoffs. Games are only once a week, unlike other sports who have games on everyday, NFL is Sunday, Monday, and now Thursday.
The NFL owners are being very greedy with this Thursday night package. It makes a short week for the players (player safety my ass) and hasn't been very entertaining in the past few years. Even with the playoffs, the NFL wants to make it 16 teams, which is basically half the league; no one wants to see that. Instead of just accepting the great product they already have, that doesn't need tweaking, they're going to keep doing unnecessary changes.
The NFL has made more money than ever in Rodger Goodell reign as commissioner, but the essence of the game has dwindled. And this isn't just in the NFL, it's in all leagues.
Money has changed sports. It has changed the way we view sports and how the media reports it. The message in sports now is to make as much money as you can not to be as great as you can. The 1-n-done rule is a prime example, players don't want to be better or create a legacy at every level, they just want to chase a dollar.
Not only will money kill college athletics but also professional sports. Take a look at the American economy, In the 80s and 90s, everyone was spending so much money with the emergence of credit and the government was printing money like no tomorrow. In the 2000s that bubble popped and this country entered one of the worst recessions since the great depression. I see that happening in sports because no one is creating a ceiling. Players are getting bigger contracts and owners are charging fans more money for everything.
To get a ticket at MetLife stadium to see a New York Giants football game, will run you about $292.36, which eliminates majority of blue-collar fans that really appreciate the game.
Now a days, sports belong to the “cheese and crackers” crowd because they are the only ones who can afford it. Courtside seats at an NBA game are not for fans, they're for entertainers who want to be seen at the game. Eventually the industry will blow up because their forgetting to take care of the game. People fell in love with the game and athletes, not the owners and sponsors. Money waters the game down and sooner or later, fans are going to stop watching and players may stop playing.