4 ms·

Define well compensated? The average NFL player makes less than any of the other three major american sports, is unlikely to have a wealth of other marketable s

by fhood 9y ago

Define well compensated? The average NFL player makes less than any of the other three major american sports, is unlikely to have a wealth of other marketable skills, and may be permanently disabled after what is likely to be a short (average 3.3 yrs) career.

paulcole 9y ago
You're one of the few people who seem to actually understand this. By comparison, a 4-year degree is probably worth more in the long-term than those NFL earnings. So the players are actually being better compensated in college than the NFL. Edit: The median salary for an NFL player is about $770K and most players are out of the league in under 3 years. https://www.si.com/nfl/2016/03/01/nfl-careers-shortened-two-years-data-analysis https://www.si.com/nfl/2016/03/01/nfl-careers-shortened-two-... http://blog.futureadvisor.com/nfl-players-must-go-long-on-retirement/ http://blog.futureadvisor.com/nfl-players-must-go-long-on-re...
- saalweachter 9y ago
  It looks like the average 4-year degree is worth less than the average NFL earnings - the two figures I found Googling were $2.1M for lifetime earnings from a 4-year degree, and $4M for career earnings for an NFL player. On the other hand, engineering degrees tended to hover around $4M for average lifetime earnings, and some engineering fields (petroleum engineer, SV software engineer) averaged ~$6.5M in lifetime earnings.
tinymollusk 9y ago
In my opinion, the set of players should be inclusive of all football players. By limiting it to the most successful outliers in a power law distribution, we limit ourselves to the players with the best possible outcome. Players don't really get to choose whether they belong in this set; they choose to play highly competitive football. In short, I think we should define the group by factors that result from choice, not outcome.
deleted 9y ago
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111_1_111 9y ago
NFL players make a median salary of $770,000 (the average is $1.9 million). Short average career or not, that's good money. That's more than ten times the median household salary in the US (granted they probably get taxed at an obscene rate compared to the median household). It's not like they're incapable of working once they're out of the NFL. Most of them will be qualified for coaching jobs at the college or high school level. Also, most of them will have college degrees (or be a year away from a college degree), so job finding wont be nearly as difficult as if they hadn't played football.

by fhood 9y ago

paulcole 9y ago

You're one of the few people who seem to actually understand this. By comparison, a 4-year degree is probably worth more in the long-term than those NFL earnings. So the players are actually being better compensated in college than the NFL. Edit: The median salary for an NFL player is about $770K and most players are out of the league in under 3 years. https://www.si.com/nfl/2016/03/01/nfl-careers-shortened-two-years-data-analysis https://www.si.com/nfl/2016/03/01/nfl-careers-shortened-two-... http://blog.futureadvisor.com/nfl-players-must-go-long-on-retirement/ http://blog.futureadvisor.com/nfl-players-must-go-long-on-re...

saalweachter 9y ago
It looks like the average 4-year degree is worth less than the average NFL earnings - the two figures I found Googling were $2.1M for lifetime earnings from a 4-year degree, and $4M for career earnings for an NFL player. On the other hand, engineering degrees tended to hover around $4M for average lifetime earnings, and some engineering fields (petroleum engineer, SV software engineer) averaged ~$6.5M in lifetime earnings.

tinymollusk 9y ago

In my opinion, the set of players should be inclusive of all football players. By limiting it to the most successful outliers in a power law distribution, we limit ourselves to the players with the best possible outcome. Players don't really get to choose whether they belong in this set; they choose to play highly competitive football. In short, I think we should define the group by factors that result from choice, not outcome.

deleted 9y ago

[deleted]

111_1_111 9y ago

NFL players make a median salary of $770,000 (the average is $1.9 million). Short average career or not, that's good money. That's more than ten times the median household salary in the US (granted they probably get taxed at an obscene rate compared to the median household). It's not like they're incapable of working once they're out of the NFL. Most of them will be qualified for coaching jobs at the college or high school level. Also, most of them will have college degrees (or be a year away from a college degree), so job finding wont be nearly as difficult as if they hadn't played football.