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Rogoff reflects on Jeremy Lin

Ken writes: What amazes me is the public’s blasé acceptance of the salaries of sports stars, compared to its low regard for superstars in business and finance. Half of all NBA players’ annual salaries exceed $2 million, more than five times the threshold for the top 1% of household incomes in the United States. Because long-time superstars like Kobe Bryant earn upwards of $25 million a year, the average annual NBA salary is more than $5 million.
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CHART: NBA Tops All Sports Leagues With Highest Average Salary For Players

Sports : Business Insider: Sports Page (4 months ago)

Manchester City is the highest-paid team in the world as their players have an average annual salary of $8.1 million. But if we look at all the teams, basketball players in the NBA have the largest average salary of any league in th... Read Post

Why Fans Don't Cry Foul Over Athletes Being Part Of The One Percent

Sports : Business Insider: Sports Page (2 years ago)

Ken Rogoff, an economics professor at Harvard, recently wrote a column accusing sports fans of hypocrisy because of their "blasé acceptance of the salaries of sports stars," when those same fans react negatively to the salaries and ... Read Post

17 NFL Players Who Make Surprisingly Low Salaries

Sports : Business Insider: Sports Page (12 months ago)

Relative to the other two major sports, NFL players make remarkably low salaries. The average NFL player makes $1.9 million, compared to $3.2 million for MLB players and $5.15 for NBA players. In addition, nearly 40% of drafted play... Read Post

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