Show MoreEvery day people around the world complain about professional athletes salaries. Even though the top athletes make millions of dollars every year, the majority of athletes do not make any more than the average working class citizen. There are also many risks along with the job, and job security is very unstable. Expenses and taxes also limit the amount of money an athlete makes. Tax rates are extremely high for the men and women who participate in professional sports. The salaries of athletes such as Rafael Nadal and Drew Brees may seem to be a bit to high, but with all the factors that take money away from them they are not so high.
Athletes impact global, national, and local economies tremendously. Joel Brandenberger states, "From the…show more content…
With two professional sports teams competing in the same city, there is a constant flow of tourists and fans going to and from the Atlanta area. The Atlanta Braves have had an economic impact of over $100 million each year (Saporta, Wenk 1). There are about 1,648 full time jobs created by the Braves in the local economy (Saporta, Wenk). Saportareport.com states, "Visiting Braves fans stay 110,000 nights each year in local hotels and motels (averaging 2.5 nights per out-of-town fan)" (Saporta, Wenk 1).
Taxes pose a significant threat to the salaries of professional athletes. According to Jay MacDonald, "Professional sports players get taxed by pretty much every city and state in which they play." Professional athletes salaries are based on where they are playing. There are two different ways states impose their taxes on athletes. They either us4e the "duty days" method or the "games played" method. The "duty days" method divides an athlete's total number of work days during the season by the number of days spent playing in the state. The "games played" method divides the total number of games in the season by the number of games played in the state (Macdonald 3). The taxes are even worse for athletes who compete around the globe. They must often leave behind 1/3 or more of their earnings in local hands. Income taxes increase to around 30-40% for international athletes (Macdonald 5). In the United States an athletes income is taxed in the state where the team is
Nba Athletes Are Overpaid Essay
As a fan of basketball, the NBA has always been the center of every discussion I partake whenever basketball is involved. Since its inception in the late 70s and the popularity of the American National Basketball Association, basketball has been cemented as one of the most iconic games played today. Whether a fan or enthusiast watches the game live or on replay, the high-voltage intensity and addicting thrill of every turnover and every score made just makes the person go wild. Of course in every game, some people often wonder how much money the players have in each season. I am one of those people who often think about how wealthy these players are and the more I see advertisements and high profile appearances these players partake, the question just keeps on popping up in my head. Reading through discussion boards, articles and even editorial papers about the issue, I have found this to be an interesting topic to discuss and with these sources in mind, this will be my foundation for this topic. In this paper, I intend to prove through an intimate discussion and debate that the players of the NBA are overpaid with regards to how much their salary and contracts are worth.
For this paper, the discussion will go in four parts. The first part will introduce the readers to the basketball fever the NBA has brought millions around the globe and a brief rundown of the debate of overpaid athletes and salary cuts. The second part will be discussing the argument that the athletes of the NBA are not overpaid, while its subsections will point out three proofs to the matter. The third part will be discussing the position of this paper that the athletes of the NBA are indeed overpaid and its subsections will be refuting the claims raised in the second part. The last part would be the conclusion that will point out other considerations to the issue and possible questions that can be raised should this paper is used as basis for another paper with the similar topic. Before beginning this paper, I shall introduce the problem at hand and the current statistics in terms of salaries for NBA athletes this season.
NBA: The Issue and the Status
As the most watched and played sport of the millennium, basketball has garnered not just a stable fan base but also budding talents wishing to have a shot in the big league such as the NBA. The popularity does not only concentrate with the game but also to its players. NBA players often get high-profile contracts in major clothing and shoe labels and in some shows, their houses are just luxurious. This kind of living for NBA athletes have sparked debates around the online community in terms of how much are they really paid and if it is just too much. Of course most of the opinions are based on speculation and hearsay thus the topic is still unclear and unresolved. Unknown to many, the commissioners heading the NBA are now discussing possibilities to change the current system on salary and create a newer system where NBA...
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