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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAdrian Peterson makes $691,000.00...A WEEK???
That was just announced on CBS news.
That is just unbelievable.
Nobody makes that much money.
Here's what I found about his contract:
http://www.spotrac.com/nfl/minnesota-vikings/adrian-peterson/
He will still get his salary while he's on double secret commissioner's suspension or whatthehellever it is.
I was an airline pilot who held about 500 passengers' lives in my (capable hands every working day.
My top annual salary was shy of $100,000.
OK, this was way back in the 90s, but...
Something is WAY out of whack here.
And Peterson is ONE of...what?...80 or so guys?
And some make more than he does?
Comrade Grumpy
(13,184 posts)What can I say?
trof
(54,256 posts)Boom Sound 416
(4,185 posts)trof
(54,256 posts)Can a blue collar guy afford to take his kid to a pro game any more?
Oh, wait...they can see it on cable for 'nothing' on their big flat screen TV.
Better than being there.
Instant replays.
Crap.
Boom Sound 416
(4,185 posts)Chill
Jenoch
(7,720 posts)go to a Seahawks home game.
http://blog.tiqiq.com/2014/04/2014-nfl-tickets-team-team-average-prices/
Bjorn Against
(12,041 posts)There are also additional service charges which bring the real price over $50 for the cheap seats. A blue collar worker may be able to afford a ticket, but it would be much more difficult for them to afford bringing their family along for the game.
NuclearDem
(16,184 posts)Initech
(100,097 posts)And I've never hurt anyone or committed any crime. Income inequality. ..
ileus
(15,396 posts)My last paycheck was more like 1/609th of his.
joeybee12
(56,177 posts)Sort of serious, I mean, there's huge money in the NFL now...hence why the NFL as an org sweeps shit like this under the rug.
joeybee12
(56,177 posts)trof
(54,256 posts)joeybee12
(56,177 posts)Ok, Budapest Football League!
Fumesucker
(45,851 posts)The Brothers Koch, Penny Pritzger, Jamie Dimon, Lloyd Blankfein, I could go on for a while.
underpants
(182,861 posts)Oh and the other 52 members of the team, 10 practice squad (that is $6,600/ week), the coaches, pay for the facilities, etc.
Terra Alta
(5,158 posts)so they can afford to pay their players' outrageous salaries.
underpants
(182,861 posts)September 9, 2014 A victor has been crowned in the bidding war for the Buffalo Bills: Terry Pegula, an American businessman who made his fortune in fracking, has inked a deal to buy western New York's beloved sports team for close to $1 billion.
Pegula, meanwhile, has sunk millions of dollars into the western New York region and won favor with local politicians and area residents as a result.
His net worth is estimated at $3.3 billion. To boost his chances of winning ownership of the Buffalo Bills, the billionaire sold off some of his natural-gas holdings to the tune of nearly $2 billion in August.
Pegula isn't shy about where his wealth comes from, either. After capturing the Sabres, he famously defended himself against charges that he planned to profit from the team, saying, "If I want to make some money, I'll go drill a gas well."
trof
(54,256 posts)Fumesucker
(45,851 posts)Terra Alta
(5,158 posts)I love football, but it's really outrageous how much they make. Sort of makes me wish there were a maximum wage as well as a minimum.
underpants
(182,861 posts)and not because of the 7 kids. The average NFL'er is out of football money in 3 years. That does include the guys who spent say 1 year as a free agent to be perfectly clear.
Terra Alta
(5,158 posts)when they sign a contract, is to hire a financial planner to help them manage their money better. If I were making six figures a WEEK I would make sure I was using it wisely, and would be set for life.
underpants
(182,861 posts)I can tell you that I personally know of one prominent athlete who co-signed for house loans for several of his friends and not one of them ever made a mortgage payment. He had his name on 6 or 8 huge (overpriced) bank notes.
http://usatoday30.usatoday.com/sports/story/2012-04-22/Pro-athletes-and-financial-trouble/54465664/1
Sports Illustrated estimated in 2009 that 78 percent of NFL players are bankrupt or facing serious financial stress within two years of ending their playing careers and that 60percent of NBA players are broke within five years of retiring from the game. A starting lineup of financial-distress examples could include Terrell Owens, Lawrence Taylor, Michael Vick, Deuce McAllister and Bernie Kosar in football, and Allen Iverson, Scottie Pippen, Latrell Sprewell and Antoine Walker in basketball.
Calista241
(5,586 posts)And the average career length of the average football player is 3 years. Only the most exceptional and lucky (health wise) players last long enough to sign a big contract like that.
So yes, Peyton Manning, Adrian Peterson, Matt Ryan and a few others make big bucks. The rest of the players make the league minimum or close to it, which is about $700k per year. That's a LOT of money, but it's not enough money to retire forever and pay for all your families stuff when you get out of the league.
In addition, the NFLPA is the worst example of a union I've ever seen. The teams can cut players at any time and for any reason. You get cut, you don't get paid. Everyone sees the $15m salary of some QB and thinks they got it made. If that player gets cut, he makes a very small portion of the money in his contract.
underpants
(182,861 posts)they completely screwed the pooch on the last CBA. Thursday night games? Look I love football but the Ravens played their first 4 games in 21 days a few years ago. They ended up winning the Super Bowl but I remember one player (it may have been Ray Rice actually) saying that on the bye week he was "going to get some sleep".
On Edit- Ryan Leaf had $20 Million guaranteed and he just got out of jail
Jenoch
(7,720 posts)I don't think he ever got as much as $20 million. He had about $11 guaranteed by the Chargers and they tried get some of it back but I don't know rge outcome.
The2ndWheel
(7,947 posts)They make that much because people pay to watch them do it, and companies pay to broadcast them doing it.
aikoaiko
(34,183 posts)And they deserve a big piece of the pie (at least 50% collectively).
GummyBearz
(2,931 posts)Can you do a barrel roll?
trof
(54,256 posts)Oh yeah.
Many times.
But aileron rolls are more fun.
mythology
(9,527 posts)And to be fair, I believe most NFL players only get paid for the weeks of the regular season. So he's not getting paid $35,932,000
Nye Bevan
(25,406 posts)Johonny
(20,872 posts)Per ESPN: Owners and players divide types of revenues at different rates. Players receive 55 percent of revenue from the league's national TV and other media deals, 45 percent of licensing and national sponsorship deals, including NFL Properties, and 40 percent of local club revenues.
So don't worry the players generate the profit but the rich guy still walks away with much of the money. Plus 30% of them end up with early onset dementia.
Yahoo sports has pretty much all the players salaries. AP makes $11,750,000 for 2014. I believe the cap this year is 133 million per team but not every team spends to the cap.
Calista241
(5,586 posts)In FY2013, the team made a record profit of $54.3 million. That was less than 1/2 the salary cap of the players. $54m is a lot of money, but it's not anything like the money they make in other deals.
trof
(54,256 posts)The ONLY publicly owned team in the NFL.
Calista241
(5,586 posts)I can't imagine the other teams revenue streams being drastically different. In many cases, they're probably worse since Green Bay has sold out their stadium for the last 50 years.
Go to a game in Jacksonville, and 1/2 the seats are empty. And they only have 8 home games a year where they can make money from tickets and concessions.
Jenoch
(7,720 posts)The game has changed and running backs aren't worth that kind of money anymore.
The Vikings paid Farve $20 million in 2010 based on his career year in 2009. That did not work out well at all.
Joe Mauer averages $23 million a year on his $184 million contract that runs through 2018, and it is all guaranteed.
Boom Sound 416
(4,185 posts)Beaverhausen
(24,470 posts)should I say used to make?
taught_me_patience
(5,477 posts)are you one of the best pilots ever? What do you think top lawers/doctors/CEOs make per year?
trof
(54,256 posts)And ask any pilot and you'll get the same answer.
Just this question:
Was my job, getting thousands of passengers from Point A to Point B, with no loss of life or even injury, worth more than some guy doing something with a football?
Evidently not.
Hell, I was just a bus driver, right?
Think about that next time you strap on a seat in coach.
handmade34
(22,756 posts)Miley Cyrus made $76.5Mil last year
1 in 4 households live on less than $25K/year
http://inequality.org/
http://toomuchonline.org/
Xithras
(16,191 posts)...that the career of the average professional athlete is so short that they have to make an entire lifetimes worth of income in only a couple of years. The average length of a professional football players career is 3.5 years. In the NBA, it's 4.8 years. In the MLB, it's 5.6 years.
The average NFL player makes $6.1 million dollars over a 3.5 year professional career. If you assume that they started playing professionally when they were 22, and died at 77 (average American male lifespan), that works out to a lifetime average yearly income of around $110k a year. If you factor in the reality that normal people retire at 65 and recalculate based on that, it works out to an average career income of $142k a year. There's nothing spectacular about those numbers.
As most athletes have few skills to fall back on after their short professional career ends, and as they often have permanent physical impairments afterward, the compensation level makes sense. These aren't people who are just going to hop into another job after their time on the field or court ends.
AZ Progressive
(3,411 posts)There are usually agents that get a percentage of the income (the ones who helped get them signed on and help to negotiate the huge pay in the first place), and I believe they have their money directly taxed as income, thus they get hit with the top tax rates of both federal and state income taxes (which could be as much as 50%.)
Logical
(22,457 posts)LittleBlue
(10,362 posts)He entertains millions of people who are willing to spend their money to see him. We don't. That's why he makes $691k per week and we make a lot less.
You want that kind of money? Entertain a lot of people.
tammywammy
(26,582 posts)It's available on Netflix. It's very interesting about how these highly paid athletes end up broke. I highly recommend it.
On the topic of this OP, that fucker shouldn't be getting paid, but I'm sure his contract says otherwise.