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An argument I've heard made is that professional athletes have compressed careers: for example, the median major league baseball salary is 1.5 million per year,
by owenmarshall 8y ago
An argument I've heard made is that professional athletes have compressed careers: for example, the median major league baseball salary is 1.5 million per year, and the average baseball career is ~5-6 years. This is actually on the high end, as Googling indicates that NFL numbers are much lower ($900k median over three years). It also doesn't factor in time spent in the minor leagues, which has a much lower payout.
So if you spread the contract out over ~30 years or so, the numbers look far different.
[1]: http://www.espn.com/mlb/story/_/id/15126571/study-mlb-average-salary-44m-44-pct-rise http://www.espn.com/mlb/story/_/id/15126571/study-mlb-averag...
[2]: https://www.sciencedaily.com/releases/2007/07/070709131254.htm https://www.sciencedaily.com/releases/2007/07/070709131254.h...
- xyzzyz 8y agoYeah, but the professional athletes can have other job while their baseball career is over. It's not like they need to make enough money in baseball, because after they're done they'll starve. I'd happily compress my software engineering career to 5-6 years to make $1.5M/y, where do I sign up?