My “beef” with NBA contracts: Part I – Bad Contracts

Money and the NBA

I love to get paid just as much as the next guy. But when it comes to figuring out a budget and where to spend your money, I think some GM’s are lost. The absurdity of big-dollar contracts in the NBA has made me think a lot since last offseason. With another off-season just around the corner, I would like to dive into last year’s contracts that were handed out, what players did and didn’t deserve them, and then I would like to focus on this year’s contracts and who should and shouldn’t get a big deal. This might turn into a three or four-part series. Here is Part I today.  [Read more…]

Who are the World’s Highest Paid Athletes?

money

Sports fans have argued for years over which specific sport pays its players the highest wages. That debate has been put to rest somewhat in the internet age as annual reports are typically released showing who makes exactly how much money. A new report was released in mid-April by sporting Intelligence and there may be a few surprises to some people.

According to the report, NBA basketball players make the most money on average, but Spanish soccer teams Barcelona and Real Madrid pay their players the best. Last year, players from the New York Yankees were the highest paid on average. The average wage of an NBA player is $4.79 million a year or $92, 199 a week.

The average wage at Barcelona is just over $7.9 million a year ($157,038 per week) while Madrid’s players make about $7.35 million yearly ($146,038). Yankees players are the third-biggest money makers at  about $6.75 million a year ($134,122).

[Read more…]

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