2 ms·
To emphasize your point, the first $1M/year sports contract in the U.S. was in 1978 for an MLB player[1]. That's about $4M after inflation, for the highest con
by twoodfin 7y ago
To emphasize your point, the first $1M/year sports contract in the U.S. was in 1978 for an MLB player[1].
That's about $4M after inflation, for the highest contract in the nation.
Today, the top end of MLB contracts are around $30M/year[2], NFL top end contracts are at similar values. That's right around the same growth.
[1] https://www.firmex.com/thedealroom/when-did-athletes-start-getting-rich/ https://www.firmex.com/thedealroom/when-did-athletes-start-g...
[2] https://www.mlb.com/news/largest-contracts-in-mlb-history-c300060780 https://www.mlb.com/news/largest-contracts-in-mlb-history-c3...