Justifying that Huge Paycheck

in #hive-1016904 months ago

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When we hear some of the eye catching contracts being signed in the sporting World, the average sports fan cannot bit try to comprehend some of the more outrageous figures that these sportsmen and women (mostly men though...lol) take home.

Take for instance someone like Floyd Mayweather, whose Last paycheck - where he reportedly made at least $65 million for an exhibition fight against a YouTube content creator. For me, that huge pay was unjustifiable, yet the sporting market is not a charity and rewards not just the most talented of athletes, but the most marketable.

Nonetheless, there is a big room for the very talented to be rewarded from their various disciplines. There will come a time when those at the very top of their sport feel like worthy carriers of their disciplines and brand performers. As a top athlete, you are of course a brand ambassador for your discipline and she big part of how the sport is perceived. For this there are a lot of expectations from fans, regulatory bodies and indeed the entire World.

However, this means that there needs to be a constant retention of the status quo in order to keep being an ambassador. One of the best ways is to remain absolutely dominant at the top of your field, as a decline in performance will eventually see the athlete lose that aura of invincibility and an inevitable drop in popularity.

It means athletes have to consistently deliver in order to Maintain their value. It is no wonder then the apparent desperation on the eyes of some athletes to remain relevant in the face of declining performances. Take for instance the padding of records by combat athletes, or the very selfish displays by individual players in team sports just to keep up with their stats, to the detriment of the entire team.

Truth be told, some earnings are a bit hard to justify and should not even be considered irrespective of the level of talent one has, but the sporting industry is so large and some athletes are so influential that it is difficult to deny them any demands with regards to remuneration. One can say that athletes who have paid their dues (helped in popularising or growing their respective sports) through their performances are worthy of wages.

The NBA for instance has people like Russell Westbrook on maximum contracts ($44 million) over what he has done in the past, while some athletes who have performed or had more impact than him this season are on minimum deals (say $1 million). This type of disparity is what calls for better consistency towards the distribution of incomes in the sporting World, although no-one can deny the fact that someone like Westbrook for instance is incredibly talented and has been one of the growth enhancers for the NBA with his performance over the last decade and a half.

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I find it hard sometimes to comprehend the earnings of some of the sportsmen around the world. I think it would be far fairer to pay according to their results and not previous matches. I am all for capping wages and teams having to stick to a budget.

The worst are movie stars...but I guess those are the perils of capitalism...still the best option we have available

Once you strip the layers back it's crazy to think of the salaries which is all driven from league income especially from TV rights which all stems from advertising revenue

The sporting industry is really huge when one thinks about it. I wonder why many more governments don't prioritize growing their sporting industry

Earning huge in the sports industry is not just about being talented, there so many things attached it, you must be influential and win the heart of fans. Like I said there many things attached to it but I still wonder why it is so.

agreed, but still...the paychecks are huge

The sports industry has evolved to a big time business venture and anyone in it is looking to maximize profit, hence, they're looking for those who will bring the booties (money) and not just the goodies (talent).

This explains why Mayweather would retire today and come back the next day to say he'd like to have a fight, when he knows that the least money from such match would pay some professionals salaries for years.

This happens often and many times it is the player's agent's fault for bad contracts. You have surely heard the story about Scottie Pippen getting peanuts for years despite being one of the best players in the league.