When Babe was asked about making thousand dollars more than the President of the United States that year, he replied, “I had a better year than he did.” This is just one example of the many overpaid athletes around the world. I would also like to talk about Kevin Brown he signed a seven-year, contract worth $105 million. He hasn’t been able to play half of the contract due to his injuries. He’s basically getting paid to sit at home all day and do nothing. Professional athletes are getting paid more and more as time goes by, before it was $4.7 million now it’s more than $85 million and growing.
The average value of a MLB baseball team has increased from $122 million in 1991 to $376.5 million in 2006. That is more than a 300% rate of return on your original investment over a 15 year period before any profits made while owning the team. Teams split the national TV contact money made with their respective leagues (Example: the NFL earns $4.5 billion annually from its current TV deal, or $140 million per team) while individually selling local television and radio rights. The benefits of owning a sports franchise is not only monetary. Franchisee ownership allows relatively unknown men and women to be thrust into the sports spotlight, creating a sense of celebrity that would be impossible.
Alex Rodriguez is the highest paid baseball player and plays on the most popular team, the New York Yankees. In December 2007, he signed a contract worth $275 million for 10 years. People follow his every move and tend to copy whatever he is doing because it is the “hip” thing to do. Alex signed an endorsement deal with “Vita Coco” and advertised the company. In this report, Darren Rovell stated, “The Company sent a picture to the press of Rodriguez holding the product, which did $40 million in business in 2010, with the goal of hitting $100 million in sales this year (Rovell).” Just a picture of Alex Rodriguez drinking the product helped the company gain a lot of profit.
In 2008 the team’s fan base also called “Steeler Nation” ranked the best in the league by ESPN ("Espn.com", 2012). Addressing the undeniable sellout streak of 303 consecutive games all the way back to 1972. Although its market is small, Forbes.com stated that what makes the Steelers’ franchise so financially competitive is its rapidly growing fan base and its operational control of the Heinz Field. The total team ranking in the midrange of other NFL franchises is due to Pittsburgh being a smaller market city and not due to the Steeler brand. The Steelers are consistently among the top teams in merchandise sales ("Forbes.com", 2012).
When people have a briefcase full of bills they're going to spend lavishly and balloon player price tags. McCoy, the 10th player on the block in the Red Grange Invitational, went for a whopping $69, a mere 25 smackers above his proposed cost per Fantasy Pros. However, Mike Wallace, nominated 40th, sold for $10, eight bucks below his AAV. Don't burn your cash stash too quickly. A good value is always a couple of nominations
Money is very important this day in age and using steroids will make you better than everyone and you will be rich and successful. Another is to win and acquire personal fame (III 1). Money is a very large reason for professional athletes to use steroids. But it has plenty incentives for someone who is trying to make it into the major leagues and need that extra “push” to get there so they can stop working hard boring jobs and get paid to do what they love. It could be the difference of working two jobs seventy hours a week or being rich and famous and retire middle aged in a tropical part of the world.
Babe Ruth was paid an astounding $80,000 per year in the late 1920's, but most players made a tiny fraction of that amount. The average in 1920 was $5000. Most professional baseball players of that era had an off-season job, like selling cars or insurance, and it wasn't unusual that they made as much or more income from these occupations. In professional football, the earliest teams were being run on a comparative shoestring budget, with players paid as little as $100 to $300 a game. Players were often traded or sold to other teams for a similar sum.
Over the summer we read the book " Outliers". In the book it talked about how being successful ment you put 10,000 hours worth of work into your dream and you were successful. In Dr. King's case I find this so be so untrue. I think he had a dream and put his heart ans soul into what he believed was right and made a change. His success had nothing to do with the number of hours he put in, it was about him striving to accomplish his
Morgan 1 Austin Morgan Mrs. Herring English 10 5 Mach 2014 What does it mean to be wealthy or rich in America today Being wealthy or rich in America today is having no stress for paying bills in other words “no financial constraints on activities.” Most Americans that were surveyed (%28) said that they considered themselves to be rich and those people were making more than a million dollars a year. from anonymous. In fact the people who had over five million dollars in the bank, only %60 of people said yes when asked if they thought they were rich. Most people when they hear that someone is rich they assume they're a snob, arrogant and self-centered person.
Since 1964, Only fifteen trillion has been spent on poverty; that is only three hundred twelve million per year compared to the military’s $600 billion per year ("The War on Poverty: $15 Trillion and Nothing to Show for It"). In addition, China’s population exceeds the population of the United States by over a billion people; their unemployment and poverty rate are lower than the U.S. (Factbook: China). This shows that it is possible to have a tremendously large population and still have a better functioning system where military spending does not take away from possible solutions to economic stability. Even though China’s military is growing, it is not necessary to continue spending such large amounts of money on the military because the United States already spends six times more than China. The answer is not military spending, rather invest in new companies to employ the unemployed and decrease the amount of poverty in our nation to create a stable economic system in the United