Interesting Site

This site shows the salaries for every player in the NBA and gives an amount to how much each team spends this year and even a few years in the future. Overall a good site to see how much money there is in the NBA.

Site:http://hoopshype.com/players.htm

What if?

Source:wellsphere.com

        
       As the NHL lockout drags on, many don't see an end. But with a recent addition added recently to the NHL's class action lawsuit against the players, the end may be closer than we think. The suit states that if no agreement is reached, all contracts between players and teams would be deemed void and enforceable. If that were to happen, many players salaries would decrease due to the salary cap and because the teams would be signing top players to huge contracts. The landscape of the NHL would change dramatically. Time will tell what this part of the lawsuit will do towards ending the lockout.

Article: http://bleacherreport.com/articles/1446959-nhl-lockout-every-nhl-player-a-free-agent-nhl-could-void-all-contracts

Why the Lockout?

            As a fan of the NHL and the Chicago Blackhawks, I have been wondering for the last couple of months why there is such disagreement between the players and the owners. When I think of a lockout in sports I think of billionaire going after millionaires. So what's the problem? The problem is the percentage of revenue that the players receive compared to the owners. The owners want a lower percentage and the players want a higher percentage. I think the real problem is how the NHL treats its fans. This is the third lockout in the last 25 years, and that is simply inexcusable. The two sides need to settle in the middle, because simply to many people rely on the NHL.

               source:cbssports.com

NHL lockout: http://www.askmen.com/sports/fanatic/nhl-lockout-2012.html

Cap or No Cap?

           

         

source:mutinysim.homestead.com           

           

                With the topic of 'athlete salaries,' the phrase 'salary cap' came up often. I started to wonder, what is this salary cap? I found out that a salary cap is an agreement or rule that places a limit on the amount of money that a sporting club can spend on player salaries. The salary cap sound like a good idea, why is this such a hot topic? Well although the salary cap was designed to help smaller market teams such as the Carolina Panthers in the NFL and the Sacramento Kings in the NBA, these teams often times can't even afford the salary cap, which leads to top teams getting players at a discount. Salary caps often times lead to lockouts and players strikes which hurts the game also. So the real question is, do you think their should be salary caps in sports?

salary cap: http://www.debate.org/opinions/are-salary-caps-in-professional-sports-effective

Evolution of Athlete Endorsements

         source: Faniq.com

                Some athletes don't just rely on their contracts with sports teams to earn money. Athletes in nearly every sport have some form of endorsement. Whether a basketball player or an Olympic snowboarder, endorsements usually work the same way. An athlete signs a contract with a company for a certain amount of years, and the athlete then starts endorsing the company, whether that be in commercials, magazine advertisements  or wearing the companies gear. Since the early 1900s athletes have been endorsing products such as cigarettes,shoes, and even underwear receiving good pay. In recent years, these endorsements have become more and more lucrative  In 2003, Professional footballer David Beckham signed, what was at the time, the biggest endorsement contract in sports history. For the rest of his life he will receive a percentage of profits from Adidas valued at over $160 million dollars. These type of deals have become more common, especially in the basketball world where it is common for a top draft pick to receive over $50 million dollars for a shoe deal. This past year, star point guard Derrick Rose signed a 14 year long contract with Adidas valued at $260  million dollars. These endorsements earn athletes a ridiculous amount of money. Do you think these deals are worth while for the companies?



 Five of the Biggest Athlete Endorsement Deals: http://sports.yahoo.com/nba/news?slug=ycn-11011486

Synthesis & Plan

          After researching player salaries a little bit, I have found out many interesting things about many of the factors that go into the topic. I have researched athletes going broke and the reasons why they go broke. I have also researched the craziness of player salaries in professional baseball and how much they make compared to average Americans. I plan on discussing the NHL lockout that is in effect as of right now. I also plan on discussing the issue of salary caps in sports and how they should be used. One more topic I plan on discussing is the endorsement side of professional sports and how they play a factor on the salaries of professional athletes.

$79,452 Per Day

         


 Source: sportsillustrated.cnn.com
     

           Today while searching the internet, I came across a very interesting website. This site titled baseball player salaries,  extensively looks at player salaries from how much they make a minute to how much they make per home run they hit. One example is the highest paid player in the league Alex Rodriguez. A- Rod makes about $55.18 per minute and about $79,452 per day. One stat that is even crazier is that it would take a person on unemployment 1,903 years to make what he earns in one year. This is a problem how crazy some of these players get paid. Does a change need to be made?

Baseball Player Salaries: http://baseballplayersalaries.com/
Alex Rodriguez Page: http://baseballplayersalaries.com/players/34_Alex_Rodriguez

Athletes going broke

          While researching my topic, I came across a interesting issue that stems off of the issue of whether or not athletes get paid too much. The issue is the large number and variety of athletes that are going broke just a couple of years after they retire. You have athletes like Michael Vick who has spent more than $30 million dollars on taxes and his past since filing for bankruptcy in 2008, and you also have athletes like Curt Schilling who have lost as much as $40 million dollars on bad investments and are now forced to find a way to get money to cover these investments. It is a very serious issue when you have athletes, who are among the highest paid people in the world, spending their career earnings just five years of retiring. What do you think of athletes going broke?

Link to article: http://blogs.wsj.com/bankruptcy/2012/10/05/the-broke-and-the-beautiful-going-broke-edition/   

     Source: phillysportsmuse.com

Why do Athletes get paid so much?

             I have decided to chose the topic of athletes salary for my passion project. I know that this is an issue because it is always in the news. With athletes going broke and amateurs in college wanting to be paid, I thought this would be a good topic to do research on. I hope to learn as much as I can about this topic and understand how athletes get paid and why they get what they earn.