View Poll Results: Which best describe your reaction to the high salaries of sports stars?

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  • It's disgusting. Sports players shouldn't earn that much.

    4 17.39%
  • It's disgusting. Nobody should earn that much.

    4 17.39%
  • It reminds me that in a capitalist economy, everyone gets paid according to their ability to generate revenue.

    14 60.87%
  • I think sports stars get paid for their ability, but I think the business world works differently.

    5 21.74%
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Thread: Sports and Money

  1. #16
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    Re: Sports and Money

    but... it's not. player salaries have a very small corellation to the team's revenue. Player's, once they enter free agency, get what the market will bear.
    You insist that there is something a machine cannot do. If you will tell me precisely what it is that a machine cannot do, then I can always make a machine which will do just that! -J. von Neumann

  2. #17
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    Re: Sports and Money

    can i have a copy of your correlation stats?

    i think player X will bring 12 million a year in revenue and im willing to spend 8 million to get it. you think player X will bring in 13 million a year and are willing to spend 6 million.

    why will he bring in 12-13 million? because he puts up stats that help the team win and fans want to see the team win.

    its still market economics and "what the market will bear", its just whats driving it that we disagree on? i guess we can agree to disagree

  3. #18
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    Re: Sports and Money

    That's because it is not all about gate receipts. It is also about being subsidized (through stadiums paid through taxes, tax breaks, etc), TV revenues (local and national), advertising, licensing/branding, etc. The union knows where the money comes from, that is why they don't want it tied to the gate.

  4. #19
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    Re: Sports and Money

    One funny thing about baseball, most players don't get paid what they are 'worth' when they are worth it, they get paid for promise (high draftee signing bonuses) and what they have done (any number of older players that were good in their prime and now are hardly league average but making a fortune)

  5. #20
    FRENCHREDSOX Guest

    Re: Sports and Money

    Quote Originally Posted by SirKodiak View Post
    The union knows where the money comes from, that is why they don't want it tied to the gate.
    Nor do the owners...

  6. #21
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    Re: Sports and Money

    I assume the owners would love salaries to be tied to the gate, then they wouldn't have to share the ESPN/Fox contracts, their local contracts, advertising, licensing, etc. Most of that is money guarenteed of a period of time and very stable, unlike the gate that varies with how well the product performs.

  7. #22
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    Re: Sports and Money

    yea, no kidding. I think that the owners would fall all over themselves to sign a CBA that tied gate receipts to player's pay.

    TV and media is where the money is at. The players and the player agent's and the owners all know where the deep pockets are.

    Where our views differ DH, is that I have the sense that in your view a player's value to a ball club primarily comes from how much money the ownership feels that particular player can draw. In my view, that is an aspect of the process for some specific players, but even in cases where it does have an effect I beleave that it's only minor. Im backing up my view with personal observation only at this point, but I could probably dig something up if it's actually important to anyone.
    You insist that there is something a machine cannot do. If you will tell me precisely what it is that a machine cannot do, then I can always make a machine which will do just that! -J. von Neumann

  8. #23
    robinhoodnik Guest

    Re: Sports and Money

    Quote Originally Posted by oriole^ View Post
    The salary becomes a measure of respect for a member of an organization
    I think it's more about placating ego's. Most "professional" athletes behave in a manner closely resembling that of pre-teen children. They are outwardly moody, selfish, greedy, and petulant. I really don't think that I'd want to spend a whole lot of time around most of the pro's myself.

  9. #24
    FRENCHREDSOX Guest

    Re: Sports and Money

    Quote Originally Posted by robinhoodnik View Post
    I think it's more about placating ego's. Most "professional" athletes behave in a manner closely resembling that of pre-teen children. They are outwardly moody, selfish, greedy, and petulant..
    Sounds a good description of my character (also that of other "prima donnas" - music artistes,TV 'stars' etc)

  10. #25
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    Re: Sports and Money

    lol
    You insist that there is something a machine cannot do. If you will tell me precisely what it is that a machine cannot do, then I can always make a machine which will do just that! -J. von Neumann

  11. #26
    robinhoodnik Guest

    Re: Sports and Money

    Quote Originally Posted by FRENCHREDSOX View Post
    Sounds a good description of my character (also that of other "prima donnas" - music artistes,TV 'stars' etc)
    I feel confident that you'd be able to behave yourself in front of a television camera for approximately 45 seconds.

  12. #27
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    Re: Sports and Money

    Quote Originally Posted by FRENCHREDSOX View Post
    Sounds a good description of my character (also that of other "prima donnas" - music artistes,TV 'stars' etc)
    bah, stop propagating the stereotype Americans have of the French

  13. #28
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    Re: Sports and Money

    Quote Originally Posted by ohms_law View Post
    Where our views differ DH, is that I have the sense that in your view a player's value to a ball club primarily comes from how much money the ownership feels that particular player can draw. In my view, that is an aspect of the process for some specific players, but even in cases where it does have an effect I beleave that it's only minor. Im backing up my view with personal observation only at this point, but I could probably dig something up if it's actually important to anyone.
    i think it stems from the fact that i believe there are too many investors and not enough baseball guys in the ownership role. to investors, its all about the bottom line. to baseball guys, its about the hardware in the cabinet (or on their fingers).

  14. #29
    robinhoodnik Guest

    Re: Sports and Money

    Quote Originally Posted by SirKodiak View Post
    bah, stop propagating the stereotype Americans have of the French
    lmao!

  15. #30
    FRENCHREDSOX Guest

    Re: Sports and Money

    Quote Originally Posted by SirKodiak View Post
    bah, stop propagating the stereotype Americans have of the French
    Nah just propagating my own unque IMAGE.


    But essentially these people who are in limite supply often mix wealth & manners - unfortunately they dont use their wealth to e taught how to have "style" & "common regards for others" .A last point is that we (the fans) revere too many stars & this leads to even further bloating of their false" self worth (I mean Ted Williams or Tom Cruise never invented anything or went out to work in Calcutta for 30 odd years to save starving children)

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