Do Professional Athletes get paid too much money?

Introduction

Professional athletes are stimulating to watch, this is no doubt. However, when it comes time to understand and recognize how much it is that they make to play the game, if it be baseball, football and basketball, our heads have to be swimming. This has to be especially factual while the United States, if not the world over is in a awful financial and economic collapse.(Yopyk, 329) Granted, we are starting to see signs that we are approaching out of the recession. This only means that the sports group owners and their players are going to extend to make millions more for what they manage for only a certain time span of time. So are these athletes overpaid? Absolutely not,

 We reside in a society where you are free to accept a job and someone is free to charter or not charter you (more or less but I won't get into the details here). This is especially factual in sports where the ONLY thing that matters is how you present and manage your job. Obviously the proprietor of each of these clubs believes that each of these athletes is worth the money. Nobody put cannon to any of their heads and compelled them to give the cash to the players.(Yopyk, 329) Just to put into perspective you require seeing what each of these teams are work and make. Now if the players don't get the cash that will? The owners. A lot lee people whine that they are producing too much money. Some persons deplore that instead of producing all this cash that they should decrease permit prices.(Lloyd, 23) Well if you ran a business and you could sell merchandise for $10 or $20 what would you do? I believe most of you would likely ascribe what the market would bear.

 

Reasons That Professional Athletes Are Not Overpaid

There are two large-scale reasons that athletes are not overpaid. First of all, if someone is eager to yield them $20 million to play sports, then there's obviously a market in which it's OK for them to make that much. Ergo, they are not overpaid. To complicated, overpayment is only possible if it's inside a market that will not support the overpayment of those involved.(Keating, 270) If you run a business where your allowance is $100,000, and you're giving someone $110,000, then you're overpaying them because you simply will not pay for it. However, if your allowance is $100,000 and you yield someone $100,000, and then because of their success or drawing power your allowance increases, you're no longer overpaying them as you can now pay for it.(Yopyk, 329) That is rather often the case in professional sports; a group is in a seemingly unproductive market, signs a superstar athlete at a high cost, and then they make cash because of the economic drag of that athlete. Take the Minnesota Timber wolves for example; they had a poor market for basketball until they had Kevin Garnett for ...