45 million dollars is more than 800 times (!) that amount. As a result, sportsmen in popular sports earn far more than important individuals such as teachers, police officers, and firemen. These companies pay because they know millions of people will watch the games. In fact, the NBA has the highest television ratings of any sport in the world.
The average salary of a teacher in the United States is $60,700, while the average salary of an NFL player is $115,000. The top 10 players on these teams made a total of only $420 million last year. This is only about 6% of the $5 billion revenue they generated.
There are two ways to make money outside of working for the government or a corporation: be an athlete or work in business/investing. Both can be very hard jobs with long hours and not much time for life outside of work.
Athletes tend to come from poor families with little opportunity of getting out of their town and making good money. This is why many move around a lot during their career to try and get more opportunities.
Businesspeople who invest well do so over a long period of time, trying different projects and taking advantage of changes in the market, so they can profit significantly from them. It requires a lot of work, knowledge of economics, and maybe even some creative thinking.
The TV networks then sell advertisements for automobiles, pizza, and a variety of other products that are shown throughout the games. In addition, players can become rich after their careers are over with major league baseball or football contracts.
The top earner in all of professional sports is American basketball player LeBron James. He has an estimated net worth of $100 million dollars due to his contract with Nike and his appearance in commercials for Dunkin' Donuts and Gatorade.
James was born on January 8th, 1984 in Akron, Ohio. He is one of five children of Joyce Brothers and James "Jimmy" King. His family lives in a house built for cash by his father who was a truck driver. When he was young, his parents divorced when he was four years old. His mother later married another man who abused her verbally and physically. This second husband eventually died of cancer when James was six years old.
After school, James would help his mother work at a grocery store while playing basketball in the parking lot for local shops. She would drive him to various events where he would play against younger kids. In 2001, he led the Cleveland Cavaliers to its first NBA championship in history. Since then, he has been named MVP of the NBA Finals three times.
"Sports get paid millions of dollars to play a game," is a typical argument used to justify criticizing professional athletes' annual salaries. It is, nevertheless, entirely warranted. The National Basketball Association (NBALeBron )'s James earns $30.96 million each season. Football's Brady makes $18 million annually. Baseball's Rodriguez takes in an estimated $51 million per year.
The main issue with these figures is that they include bonuses and other additional payments that are added to the contracts. For example, James received a $44 million bonus when he signed with Miami last year. This was due to the fact that he had won three straight NBA titles with the Heat. However, without this bonus, his salary would have been only $94,000 per game.
Another problem with these enormous salaries is that they are likely to create jealousy and unrest among other players on their teams. For example, if another player on the same team as James were to receive a contract worth $20 million, then it would be difficult for him to feel like a real athlete because James will still earn more than he does. This is also true of other high-profile athletes such as Brady and Rodriguez.
At the end of the day, professional sports are hugely popular and valuable businesses that provide employment for many people. If someone wants to criticize these incomes, we only ask that they be given proper consideration and not be based on emotion or ignorance.
What Are the World's Highest-Paid Athletes Paid? The media focuses on the massive multi-year contracts that great players sign with various clubs, but did you realize that they frequently make more money from sponsors than from the teams for which they play?
Some individuals, particularly those who aren't die-hard sports fans, doubt how much money sports players make. The most valuable players on major sports teams may earn millions of dollars every year. While it may appear excessive to some, there are various reasons why this money is well merited.
The highest-paid athlete in the world is likely to be NFL football player Aaron Rodgers, who earned $44 million in 2015. Actors typically make less than athletes but have been known to earn hundreds of millions of dollars.
The biggest fallacy behind this argument is that most professional athletes are not actually performing a useful job. They spend their time playing video games or watching television; some exercise occasionally but even the most dedicated athletes do little else besides compete on the court or field. All told, professional athletes work about 250 days a year, which is more than most employees who are not in dangerous occupations.
In addition, athletes are often under intense pressure from their teams and/or sponsors to perform at certain levels. This can lead them to take drugs and other forms of performance enhancement that are harmful to their health. Some athletes have also been known to manipulate their own statistics by passing off another player's ball or lying about how many shots they blocked during practice.
At the end of the day, professional athletes are just people like anyone else. Some are good at what they do, while others are not.