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. The TV networks then sell advertisements for automobiles, pizza, and a variety of other products to display during the games. In addition, famous athletes can make lots of money by writing books, doing speaking engagements, and creating their own brands of clothing or equipment.
In fact, some athletes have said that they wish they could stop playing sports and just get paid like everyone else. But we all need something to live on besides cash from sports. If they did that, they'd be forced to quit sports entirely.
The most lucrative sport in the world is football (soccer). Brazil's Cristiano Ronaldo is considered by many to be the best player in the world, and he makes about $90 million per year. He has been called "the face of soccer" because he has had such a large impact on the popularity of the game in both Europe and America.
Other highly paid athletes include basketball's LeBron James, baseball's Manny Ramirez, and tennis's Roger Federer. All of these men are considered great players, and all make over $20 million per year.
It is difficult for athletes to get paid very much money unless they go to sports leagues where they can make millions.
However, one of the reasons pro sportsmen earn so much money is that people like watching their games. Media companies pay billions of dollars to leagues and teams for the rights to broadcast games on television and other video devices.
In addition to getting paid to play sports, many athletes have sponsorship deals with companies that pay them to wear their products during games or use their services in marketing campaigns. Some top-earning athletes are football players Derek Carr ($25 million), Khalil Mack ($22.5 million), Le'Veon Bell ($17 million), and DeMarcus Cousins ($13 million). Other big earners include NBA players Paul George ($27 million), Kevin Durant ($26 million), and James Harden ($24 million)
All together, current and former NFL players make up about 1% of the population but account for nearly 10% of all player contracts. Half of all NFL players come from just two schools: University of Michigan and University of Texas.
Athletes often receive a large sum of money up front when they sign with a company. This is called a signing bonus. For example, an athlete may be given $10,000 as a signing bonus. In addition, they may receive additional bonuses based on game statistics or awards. For example, an athlete who starts every game except for two in a season would be awarded 2 extra games' worth of bonuses.
When viewers look at professional athletes' pay, it's easy to conclude that they are paid much too much to play a game. After all, athletes make more than teachers, first responders, and military personnel. More over half of all Americans earn less than $62,000 each year. To put this into perspective, the average salary of an NFL player is about $3 million.
But when you break it down by category, many sports have very low-paying leagues and teams, while others have only one or two players making a high salary. Take basketball for example: The NBA is by far the most popular sport in America, with more than 9 million fans attending games last season. However, only a few players make a lot of money; the rest of the teams are small business owners who rely on ticket sales and corporate sponsorships to cover their expenses. On the other hand, some sports have only amateur players or teams; these include soccer, ice hockey, rugby, and American football. In these cases, there is no salary cap so the amount players can earn depends on how well-known they are and how much support they can generate from fans or sponsors.
What about non-sports celebrities? They often get confused with sports stars because both categories use popular culture to draw attention to their brands. But while some non-sports celebrities may make millions, others suffer financial setbacks due to high personal debts or failed businesses.