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Are athletes overpaid? Bloomberg:Lebron's return equals $500m/yr to Cleveland

Posted on 7/14/14 at 2:24 pm
Posted by RedRifle
Austin/NO
Member since Dec 2013
8328 posts
Posted on 7/14/14 at 2:24 pm
Many might dislike the guy but it's been hard to discount the excitement in Cleveland and Northeast Ohio. He's so big he's moving political conventions.

LINK

GOP might have to change convention dates if Cavs in finals.
Posted by LSUfan4444
Member since Mar 2004
53760 posts
Posted on 7/14/14 at 2:25 pm to
No. if the athletes don't get it, the owners will and I would rather see the athletes get it.
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13858 posts
Posted on 7/14/14 at 2:34 pm to
LeBron is severely underpaid. He would make 9 figures a year in an open market with no salary cap or restrictions.
This post was edited on 7/14/14 at 2:35 pm
Posted by TheCaterpillar
Member since Jan 2004
76774 posts
Posted on 7/14/14 at 2:37 pm to
quote:

LeBron is severely underpaid. He would make 9 figures a year in an open market with no salary cap or restrictions.



He might be close to that before taxes with salary, endorsements, and appearances.

But I agree. If basketball had baseballs system, Lebron would be making hundreds of millions in salary.

They were saying on CNN that all the hotels were booked for Cavs home games in like 12 hours. The amount of energy his sheer presence injects into the local economy is pretty mind blowing.
Posted by Bama and Beer
Baldwin Co, AL
Member since Oct 2010
80890 posts
Posted on 7/14/14 at 2:38 pm to
quote:

CNN that all the hotels were booked for Cavs home games in like 12 hours
mother of God
Posted by Geauxtiga
No man's land
Member since Jan 2008
34377 posts
Posted on 7/14/14 at 2:57 pm to
Only in this county would sports take precedence over government.

And not that I necessarily disagree, in light of the fact that ours has become essentially out of touch and non-existent in many ways.
Posted by Henry Jones Jr
Member since Jun 2011
68504 posts
Posted on 7/14/14 at 2:59 pm to
Anyone who says professional athletes are overpaid need to educate themselves before sounding like complete morons.
Posted by The Third Leg
Idiot Out Wandering Around
Member since May 2014
10046 posts
Posted on 7/14/14 at 3:02 pm to
Pro Sports Owners = Rentier Capitalists
Posted by Fat and Happy
Baton Rouge
Member since Jan 2013
16996 posts
Posted on 7/14/14 at 3:07 pm to
Reading all that was pretty mind blowing.
Posted by WITNESS23
Member since Feb 2010
13722 posts
Posted on 7/14/14 at 3:31 pm to
No wonder Warren Buffet said he wanted to invest in Lebron
Posted by Sigma
Fairhope, AL
Member since Dec 2005
3643 posts
Posted on 7/14/14 at 3:36 pm to
quote:

Anyone who says professional athletes are overpaid need to educate themselves before sounding like complete morons.


It's a different way of saying something that is unquestionably true: sports and entertainment are too important in western culture.
Posted by Henry Jones Jr
Member since Jun 2011
68504 posts
Posted on 7/14/14 at 3:51 pm to
quote:

It's a different way of saying something that is unquestionably true: sports and entertainment are too important in western culture.

It's not just western culture. So we shouldn't value entertainment?
Posted by Tactical1
Denham Springs
Member since May 2010
27104 posts
Posted on 7/14/14 at 3:53 pm to
If anything they are underpaid.
Posted by wish i was tebow
The Golf Board
Member since Feb 2009
46121 posts
Posted on 7/14/14 at 3:53 pm to
I think pro athletes are underpaid.

They can way less than their market value.
Posted by UL-SabanRival
Member since May 2013
4651 posts
Posted on 7/14/14 at 4:10 pm to
See first reply. Ditto.

No, their pay is not relative to the amount of work they do, but it's the players who drive the revenues. That's pretty obvious.

Just unfortunate that low professions such as athletics and acting are at the forefront of society these days. The Romans knew to keep them low on the social scale. Now, we all have to put up with their superficial, narcissistic and really stupid bullshite.
Posted by Sigma
Fairhope, AL
Member since Dec 2005
3643 posts
Posted on 7/14/14 at 4:11 pm to
quote:

It's not just western culture. So we shouldn't value entertainment?


Yes, but not to the extent we do currently. We should be interested in spending time more productively, solving problems that benefit our communities, helping people, etc. I'm guilty, but it's a goal.
This post was edited on 7/14/14 at 4:13 pm
Posted by tigereye1760
Member since Sep 2010
254 posts
Posted on 7/14/14 at 4:16 pm to
quote:

LeBron is severely underpaid. He would make 9 figures a year in an open market with no salary cap or restrictions.
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