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Essay / Research Paper Abstract
This 7 page paper suggests that famous athletes deserve their high salaries. A variety of salary ranges are discussed and specifics are provided. The role of the athlete in society is compared with that of teacher, physician and fireman. The paper focuses on athletics and why the players make so much money. Predictions as to where the field is headed are duly noted. Bibliography lists 10 sources.
Page Count:
7 pages (~225 words per page)
File: RT13_SA411hi.rtf
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more for society? The answer is obviously addressed in the area of economics and supply and demand. People will pay a great deal of money to see their favorite stars
whether they are sports professionals or actors. Still, some look at the salaries of athletes and say enough is enough. Wojnarowski (2000) said that the "sheer magnitude of Jeters proposed
salary sent shivers to executives across the sporting landscape (this was even before reports of a $140 million Tigers offer to Juan Gonzalez), it marked the first time an athlete
has crossed the $100 million threshold and been spared national scorn" (p.34). It seems that people are getting used to the exorbitant salaries for ball players. This is
true even though the Yankees for example is a team that is able to afford the best. They win so many chances at the World Series one would think that
the audience would tire of it. After all, the Yankees only win so much because of the money they can afford to spend on players. To an extent, the money
becomes invisible. Yet, a relevant question goes to general economics. How does an athletes salary compare to that of other people in other jobs? A Hollywood movie star can
make about $25 million (Fischer, 2003, p.54) per picture and the President of the United States currently earns $400,000 per year (2003, p.54). A physician with a family practice earns
close to $140,000 per year (2003, p.54) and a high school teacher slightly under $45,000 per year (2003, p.54). Salaries in those professions vary greatly by region. Still, it is
much less than the athletes average of $2.3 million (2003, p.54) per year. Some athletes earn much more than that. For instance, Shaquille ONeal earned $25,400,000 (Williams, 2001, p.12)
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