Tuesday, April 23, 2013
Who benefits most economically in sports?
Who really benefits more from sports? Common sense would tell you that athletes and coaches would benefit more from sports because of the obvious. They are the players people come to see play on a weekly basis. There salaries are sky rocketing, some dwarfing the salaries of most families. Athletes get bonus in salaries and endorsements, appearance fees. The average salaries in sports, mainly the Big 4(NFL, NBA, NHL, & MLB) are: $ 1.9m in the NFL, $3.3m in MLB, $2.4m in the NHL, and $5.5m in the NBA. When the income of normal people is on average around $46,000. Yet we still pay boat loads of money to see these athletes play. Why? because in america we love our sports. This can relate to discussion in class where we talked about how the New York Yankees hold high ticket prices oppose to the Pittsburgh Pirates who's ticket prices were much lower in comparison. But every Yankees game is usually packed showing the importance of the sport for some people and the willingness to pay those high ticket prices. Advantage...ATHLETES.
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