Salaries Of Professional Athletes Essay

Salaries Of Professional Athletes Essay-36
OAKLAND, CA - JUNE 3: Le Bron James #23 of the Cleveland Cavaliers speaks to the media during media availability as part of the 2015 NBA Finals on June 3 2015 at Oracle Arena in Oakland, California.

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MP is a measure of how productive a worker is in terms of output, and MR is a measure of the additional revenue generated by each new unit of output.

For a bakery, MP might be measured as the number of additional cakes produced when an additional baker is hired.

MR reflects the additional revenue created when an extra cake is sold.

The new baker’s value to the bakery is equal to the number of cakes he contributes multiplied by the revenue created by each new cake.

Mandatory Copyright Notice: Copyright 2015 NBAE (Photo by David Dow/NBAE via Getty Images) This year, Le Bron James made over $60,000,000, Cristiano Ronaldo made almost $80,000,000, and Floyd “Money” Mayweather made $300,000,000 (mostly in one night). Athletes are making such absurd sums of money; it’s easy to say that they’re over-paid when we work our butts off to earn a negligible fraction of that amount. You’re wrong because with the right education, practically anyone can fill one of those roles.

If I went to school my entire life to be a doctor, then I’d probably be a doctor right about now. Whether you’re becoming a doctor or a pro athlete, it requires the same level of dedication and hours spent. If you put 20,000 hours into being a doctor, then you’ll probably be a doctor.

As should all pro athletes because they can do your job way better than you can do theirs.

*** Tyler is a fan of the San Antonio Spurs and the Baltimore Ravens.

If you put 20,000 hours into making the NBA, then you have about 0.0000001% odds of making it to the NBA (I’m guess-timating).

The threshold to entry is so close to impossible for pro athletes that it makes the profession infinitely more valuable.

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