Tuesday, March 17, 2009
How much is too much?
You look at the salary of professional sports players and say they make too much money. How much they make is determined by many factors. How productive they are based on stats is the biggest factor. How popular they are is another factor. Popular players bring in a lot of money from merchandise and ticket sales. A players age is another factor. Young players usually get more because of their future earning potential. When you look at the whole picture the salary is usually much smaller than the amount of money they help to bring into the organization. If you owned a team and a player helped you to make 100 million dollars a year but you were paying him 20 million dollars a year would you still think they were being overpaid?
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