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Started By
Message
When will the salary of coaches and professional athletes stop increasing?
Posted on 11/19/14 at 11:22 am
Posted on 11/19/14 at 11:22 am
It seems like every time I see a player signing a contract on TV, it's for hundreds of millions. Recently, We had Stanton in baseball signing a $325 million contract. Kevin Durant signed a 10 yr $300 million contract with Nike a few months ago. As we speak, the average salary of football and basketball coaches are increasing as well in the college level and pro level.
It's just sickening because when you think about it. Because where do you think Nike and the Marlins get their money from? It's from the fans and consumers. If you look at it on paper:
$$$(fans, consumers) ----> teams, companies ------> players
Money is flowing from your average Joes to the athletes with the teams/companies being the brokers.
That's why ticket prices are unaffordable these days. A basketball shoe by KD is what? $150? I make an decent living, but when I'm done paying mortgage, health insurance, car insurance, kid's schooling, food, utility, I'm left with maybe $20 in my pocket.
It's just sickening because when you think about it. Because where do you think Nike and the Marlins get their money from? It's from the fans and consumers. If you look at it on paper:
$$$(fans, consumers) ----> teams, companies ------> players
Money is flowing from your average Joes to the athletes with the teams/companies being the brokers.
That's why ticket prices are unaffordable these days. A basketball shoe by KD is what? $150? I make an decent living, but when I'm done paying mortgage, health insurance, car insurance, kid's schooling, food, utility, I'm left with maybe $20 in my pocket.
14
Posted on 11/19/14 at 11:24 am to PeteRose
When will inflation cease to exist?
Posted on 11/19/14 at 11:24 am to PeteRose
quote:
When will the salary of coaches and professional athletes stop increasing?
When you stop consuming the product?
Posted on 11/19/14 at 11:25 am to PeteRose
When will your salary stop increasing?
Posted on 11/19/14 at 11:30 am to Dr. Shultz
inflation?
Posted on 11/19/14 at 11:32 am to PeteRose
quote:You're banned from baseball, and you should be banned from asking such stupid questions
PeteRose
Posted on 11/19/14 at 11:34 am to TechDawg2007
why is it stupid?
Posted on 11/19/14 at 11:34 am to PeteRose
quote:
I make an decent living, but when I'm done paying mortgage, health insurance, car insurance, kid's schooling, food, utility, I'm left with maybe $20 in my pocket.
Sucks to be poor
Posted on 11/19/14 at 11:36 am to PeteRose
When the demand stops.
Posted on 11/19/14 at 11:36 am to TechDawg2007
Techdawg,
You call it stupid without out providing any explanation why it's stupid. You're just labeling me because for some reason, I hit a sore spot.
You call it stupid without out providing any explanation why it's stupid. You're just labeling me because for some reason, I hit a sore spot.
Posted on 11/19/14 at 11:37 am to PeteRose
O geeez
Posted on 11/19/14 at 11:37 am to StealthCalais11
Stealth, I don't know what about me being poor or not have to do with the issue of increasing salary of athletes and coaches.
Posted on 11/19/14 at 11:37 am to PeteRose
when we stop caring.
Posted on 11/19/14 at 11:38 am to PeteRose
quote:
inflation?
quote:
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy. A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index (normally the consumer price index) over time.
Posted on 11/19/14 at 11:39 am to gameovergt
gameovergt,
I agree. but we both know that will never happen in the distant future.
I agree. but we both know that will never happen in the distant future.
Posted on 11/19/14 at 11:41 am to StraightCashHomey21
straigthcash,
I know what inflation is. But to say that's the cause for the increase is similar to saying that tears cause flooding.
I know what inflation is. But to say that's the cause for the increase is similar to saying that tears cause flooding.
at the stupid OPPosted on 11/19/14 at 11:48 am to PeteRose
It's a good question. One wonders if there is a point on the horizon when the bubble will burst like it did, say, in Italy's top soccer league about a decade back.
Most other salaries in America, particularly among those who have historically comprised the majority of people buying tickets etc, are certainly nowhere near rising with the increase or sports salaries or "inflation" for that matter.
TV contracts have increased wildly for a while, so I suppose the thought is that enough people aren't going to balk at increasing cable prices in the future and turn to other internet including free/illegal options.
Most other salaries in America, particularly among those who have historically comprised the majority of people buying tickets etc, are certainly nowhere near rising with the increase or sports salaries or "inflation" for that matter.
TV contracts have increased wildly for a while, so I suppose the thought is that enough people aren't going to balk at increasing cable prices in the future and turn to other internet including free/illegal options.
Posted on 11/19/14 at 11:49 am to wm72
thanks wm,
that's the kind of discussion i was looking for.
that's the kind of discussion i was looking for.
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