ipl-logo

Athletes Should Be Paid

1018 Words5 Pages

The life of an athlete is not an easy one. It consists of constant travel and exercise routines that anyone would say are not possible. Sports with high physical contact (basketball, football, etc.) can result in severe injuries accumulating for 5 years or more. But these sacrifices bring with them a great reward, one that most athletes can not control: money. The problem of money in major leagues like the NBA and NFL is one of the most common for players. Statistics easily prove this with 60% of NBA players going bankrupt in the first 5 years after their retirement and about 75% of those in the NFL going bankrupt [1]. The major leagues have implemented resource management classes for the novices before their first game but this has not changed …show more content…

The minimum wage in the United States is $ 81,400, 80% less than what a regular player in the NBA earns. And yet very few players earn minimum wage, most winning more than two million, making the above said more impressive. With many players earning over $ 20 million, it is very difficult to believe that more than half of the players in the league are seriously at risk of bankruptcy, but this is largely due to a very common problem in athletes. They simply have nothing to do other than their sport. They take so much time training and practicing that they forget that after the sport they have more than half of their lives to live. Many players think they would last in the league more than 10 years, enough time to meet their needs after retiring, but seeing the life expectancy of an athlete's career, this is very unlikely. The life expectancy of an NFL player's races and that of one in the NBA are 2 and 3 years, respectively [3]. Michael Seymour, founder of Philadelphia-based UNI Private Wealth Strategies, describes this problem very well in this sentence: "There is a much shorter period of gains in sports than in any other profession, and in many cases they lack the time and Desire to understand and monitor their investments.

Show More
Related

Why Nba Pays More Than NBA Athletes Get Paid?

254 Words | 2 Pages

NBA players get roughly half of all league revenue before expenses. Given an estimated $6 billion in qualifying NBA league revenue, The NBA’s sport, basketball,is much less risky to the athletes physical well being, than the NFL’s sport, which is obviously football. The

Read More

Professional Athletes Get Paid Too Much Money

170 Words | 1 Pages

Professional athletes make way too much money for their own good. “In fact, each basket Kobe Bryant scores earns him equivalent to the average classroom teacher’s yearly salary,” according

Read More

Why Do Football Players Get Overpaid

520 Words | 3 Pages

If a player spends all of his salary while playing in the NFL there is a good chance they will go broke after football. Many athletes’ parents express to them that they need to save their money, but that doesn’t always work out. In today’s society, many are judged by what they own, not by what they want, and that can make it difficult for these people to listen to their peers telling them to do all of this

Read More

College Athletes Should Get Paid

461 Words | 2 Pages

And most of them work hard in practice and play great in the game. Colleges should help their athletes by paying them. College athletes should be paid. Some athletes go to the pros before graduating college. Paying the athletes will make them work harder in practice and in school, because if they work harder in practice they will play harder and maybe get paid more.

Read More

Why Athletes Go Broke Analysis

541 Words | 3 Pages

When an athlete trusts too much he can duped into scams made by greedy people who just want their money and know they can take advantage of them. When they trust too little, he won’t accept good financial advice that could ensure financial stability for life. Another reason in this article why athletes go broke is because they feel a need or responsibility to pay back their family and friends who supported them to get where they are today. In order to avoid the stereotypical “money changed you” saying, Professional athletes often go to extreme measure to prove a

Read More

Athletes Are Overpaid

393 Words | 2 Pages

Professional athletes are overpaid. Athletes are to financial irresponsible to get paid that much money. One example is 78% NFL players go bankrupt after only two years of retirement. Also they have no financial experience because they are in their early 20’s and this is their first real job besides maybe stocking shelves at a grocery at store. Besides 60% NBA players go bankrupt too.

Read More

College Athletes Should Be Paid Analysis

1317 Words | 6 Pages

It includes only those funds that end up in the NCAA 's bank account.” The FCAA being the organization that would collect and distribute the capital. This research paper described why college athletes should be paid. They make personal sacrifices, and take risks in order to produce revenue for their schools.

Read More

Should College Athletes Get Paid?

480 Words | 2 Pages

”March Madness is one of the most watched sporting events in the country. Yet the money being made off this event is not trickling down to the players, who are the stars of the tournament.” this shows that in any sport this one being basketball, all the money they make it won’t be for them. The third reason why college athletes should be paid is because it gives them a glimpse at what it is like to have financial expenses and decisions

Read More

Do Athletes Get Paid Too Much

298 Words | 2 Pages

Do Athletes Get Paid Too Much ? Yes, athletes get paid too much. For example LeBron James made $ 71 million last year alone. Most athletes make at least $ 2-5 million each year.

Read More

Overpaid Athletes Get Paid Essay

368 Words | 2 Pages

Many of the athletes careers are very short and need the money for retirement. Some athletes can have an unexpected ends to their career with an injury and need money to pay the bills of their injury. Most of the athletes need it for bills and taxes. The main reason they need it is for retirement and just because they get lots of money does not mean that they don’t have to pay bills.

Read More

Pro Athletes Get Paid Too Much Essay

796 Words | 4 Pages

People know that doctors and firefighters save lives, while athletes play a game to make money. Even teachers pay isn’t anywhere near to athletes; they educate the generation’s youth so they can make a difference in the future. So many jobs that are very important don’t get paid as much and that money can go towards better causes. But these are only some of the reasons that pro athletes get paid too much.

Read More

Should Athletes Be Paid Essay

433 Words | 2 Pages

Teaching is another job that under paid compared to sports. As of 2012 high school teachers earned $55,360 a year while even the lowest paid sport is being paid $0.16 million. The same teachers who taught the most popular athletes are earning at all what they deserve. Athletes don’t mold people it who they are today like teachers. Yeah they give good advice, but to be honest a lot of athletes kids look up to do steroids and drugs.

Read More

Argumentative Essay On Athletes Are Overpaid

468 Words | 2 Pages

Argumentative Paper : Athletes Are Overpaid Did you know that the highest paid Cubs player will make 19 million dollars, the average pay is 6 million dollars, and the lowest is $417,000. Even the lowest pay is pretty high. Athletes are being paid a ton of money,and it’s getting to be too much.

Read More

Essay On Pro Athletes Overpaid

730 Words | 3 Pages

Professional athletes are extremely overpaid for the “jobs” that they do. They only entertain for a living and get paid millions of dollars per season. Each sport is different in how they pay their athletes, and the difference in salaries from one player to another can be in the tens of millions of dollars. These athletes are paid for jobs that they only do for a certain number of games and do not even play the games over the course of an entire year. In most professional sports, they play in games for only a few months and then have a few months off.

Read More

Persuasive Essay On Pro Athletes Overpaid

483 Words | 2 Pages

Athletes - Paid for Their Worth Most people think that athletes are overpaid and see huge contracts come out every year. It’s not everyday that an athlete wakes up to a 20 million dollar contract. In fact, they actually worked for it over many years of training and dedication. Pro athletes are paid exactly what they deserve because they work hard and sacrifice more than most people think. It's not just businesses paying them; people do things like buy merchandise, tickets to the games and support their favorite teams while the athlete does the “dirty” work of performing.

Read More

More about Athletes Should Be Paid

Open Document