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Sports teams don't actually pay market rates. Every sport that I can think of limits pay in one way or another especially for stars, ostensibly so that small ma
by btmorex 10y ago
Sports teams don't actually pay market rates. Every sport that I can think of limits pay in one way or another especially for stars, ostensibly so that small market teams can compete with big market teams.
- jzwinck 10y agoIn sailing you can usually pay crew whatever you like. Here's one example: http://www.wsj.com/articles/a-sailors-salary-300-000-if-he-works-for-larry-ellison-1426013584 http://www.wsj.com/articles/a-sailors-salary-300-000-if-he-w... There probably aren't any $10MM/year sailors, but we can infer that $1-2MM/year should be possible for a few.
- stevewilhelm 10y agoIn English and European club football (soccer) there are no salary caps. "In English sport, there’s no draft; there’s no salary cap; there’s no revenue sharing, no parity. In the Premier League, it’s every team for themselves." [1] 1 http://freakonomics.com/podcast/leicester-city/ http://freakonomics.com/podcast/leicester-city/
- rmc 10y agoIt quite funny how socialist American football is. :)
- tonyedgecombe 10y agoIt quite funny how socialist American is. :)