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Subject: Overpaid Athletes rss

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¡dn ʇǝƃ ʇ,uɐɔ ı puɐ uǝllɐɟ ǝʌ,ı
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The amount of money that some sports teams will throw at their star performers is staggering.
Staggeringly stupid, in my opinion, but I guess if you're a billionaire and you want to pay someone tens of millions to play a game for you, then that's your perogative.

With endorsement deals, the highly paid athlete has an even bigger source of income, usually.

So then-- in which sport do you think that the highest (best paid) "althlete", including endorsements, and adjusted monetarily for historically comparitive purposes, participates (or participated)?

Quiz
All monetary figures adjusted for comparison purposes, which sport does (or did) the best paid athlete participate in?
North American Football
European Football (soccer)
North American Baseball
Golf
North American Basketball
International (World) Car Racing
Other
    117 answers
Quiz created by MABBY
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Re: Overpaid Atletes
Explanation of answer

Spoiler (click to reveal)
Other-- Chariot Racing

Apparently, even using a sketchy monetary conversion of how much a Roman Sesterce is when compared to a dollar or a pound, it isn't even close:

One charioteer, named Gaius Appuleius Diocles, amassed a fortune 35,863,120 sesterces in prize money – the equivalent of $15 billion (£9.6 billion).

The article notes that Tiger Woods would be #2, having gone over a billion dollars in 2010.

Their method of financial conversion equates how much it would take to pay a modern army, which is the historical basis on which they worked from.

source: http://www.telegraph.co.uk/news/newstopics/howaboutthat/7942...

The man, from what is now Portugal, won 1,462 out of the 4,257 four-horse chariot races he competed in.
So he was pretty good at what he did.
Oh, and all without any endorsements.

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Re: Overpaid Atletes
MABBY wrote:
The amount of money that some sports teams will throw at their star performers is staggering.
Staggeringly stupid, in my opinion, but I guess if you're a billionaire and you want to pay someone tens of millions to play a game for you, then that's your perogative.
They're not paying them out of the goodness of their heart. A star athlete drives attendance at the games, merchandise sales, etc. I doubt they'd pay them nearly so much if they weren't making it back, and more, in sales.
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In truthfulness, I would say golf for the sheer reason of lack of injuries and long term physical issues. Even after a pro golfer "retires," they can then go and play on the senior tour. Off hand, about the only other sport I have seen someone say age 50 win a major title would be for boxing but that's also someone taking further punishment to their brain.

If Tiger had remotely kept pace after the incident or if it had never happened, the numbers he could have put up would be staggering.
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I'd rather have billionaires throwing a few million at athletes than have taxpayers throwing billions at billionaires to build new stadiums with all profits going to said billionaires.
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I would also much rather see the individuals with the real talent get the money, rather than the owners of the franchises, who are often incredibly greedy and incredibly stupid.
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MSN thinks the (modern) answer is Michael Jordan.

But the sports list is showing its American bias in missing Formula 1. Michael Schumacher is (on that list) ahead of everyone except Michael Kordan and a few golfers. And he's not the only highly paid person in that sport.
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Dearlove wrote:
MSN thinks the (modern) answer is Michael Jordan.

But the sports list is showing its American bias in missing Formula 1. Michael Schumacher is (on that list) ahead of everyone except Michael Kordan and a few golfers. And he's not the only highly paid person in that sport.


Wait, are you criticizing MABBY's "sports list"?

Because he not only included non-American football (second on the list), but also included International Auto Racing (which includes your F1), as well as "Other" in case someone may have been thinking Australian Football, Cricket, and/or Quidditch.

(Or are you saying MSN is showing American bias? Then I would probably agree with you, based on MSN's demographic being primarily America, and very few non-immigrant Americans know of any sport other than football (NFL), basketball, baseball, or hockey - i.e the four major "professional" sports in the US).
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MABBY wrote:
Staggeringly stupid, in my opinion, but I guess if you're a billionaire and you want to pay someone tens of millions to play a game for you, then that's your perogative.


I fail to see the difference in paying an NBA star $25 million/year to entertain 1 million people a night for 100 nights a year versus paying Emma Watson $15 million dollars to entertain 50 million people in a movie.
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matthean wrote:
Off hand, about the only other sport I have seen someone say age 50 win a major title would be for boxing but that's also someone taking further punishment to their brain.

The Olympic Gold in showjumping was won by a 58-year old and he is not the oldest Brit to have won an Olympic Gold.
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chrisnd wrote:
International Auto Racing (which includes your F1)


No one would recognise that description as meaning F1.
 
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andyholt wrote:
matthean wrote:
Off hand, about the only other sport I have seen someone say age 50 win a major title would be for boxing but that's also someone taking further punishment to their brain.

The Olympic Gold in showjumping was won by a 58-year old and he is not the oldest Brit to have won an Olympic Gold.


Shooting and archery have had the oldest medallists.
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Dearlove wrote:
andyholt wrote:
matthean wrote:
Off hand, about the only other sport I have seen someone say age 50 win a major title would be for boxing but that's also someone taking further punishment to their brain.

The Olympic Gold in showjumping was won by a 58-year old and he is not the oldest Brit to have won an Olympic Gold.


Shooting and archery have had the oldest medallists.


Or maybe Curling.
According to the IOC, Carl August Kronlund of Sweden was the oldest Winter Olympics medallist, winning silver in 1924 at the age of 59.
 
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Dearlove wrote:
chrisnd wrote:
International Auto Racing (which includes your F1)


No one would recognise that description as meaning F1.


I had a nice rebuttal to you, but it continued to get more snarky as I continued to edit it. So I gave up because I am only an asshole to people I like.

Perhaps MABBY can explain why he failed to be "International" enough for you.
 
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When Michael Schumacher was F1 world champion in 2004 he was the highest paid "sportstar" in the world, a huge chunk of it was from endorsements.
 
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chrisnd wrote:
Dearlove wrote:
MSN thinks the (modern) answer is Michael Jordan.

But the sports list is showing its American bias in missing Formula 1. Michael Schumacher is (on that list) ahead of everyone except Michael Kordan and a few golfers. And he's not the only highly paid person in that sport.


Wait, are you criticizing MABBY's "sports list"?

Because he not only included non-American football (second on the list), but also included International Auto Racing (which includes your F1), as well as "Other" in case someone may have been thinking Australian Football, Cricket, and/or Quidditch.

(Or are you saying MSN is showing American bias? Then I would probably agree with you, based on MSN's demographic being primarily America, and very few non-immigrant Americans know of any sport other than football (NFL), basketball, baseball, or hockey - i.e the four major "professional" sports in the US).


Circle track racing is more popular than hockey is.
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MABBY wrote:
Explanation of answer

Spoiler (click to reveal)
Other-- Chariot Racing

Apparently, even using a sketchy monetary conversion of how much a Roman Sesterce is when compared to a dollar or a pound, it isn't even close:

One charioteer, named Gaius Appuleius Diocles, amassed a fortune 35,863,120 sesterces in prize money – the equivalent of $15 billion (£9.6 billion).

The article notes that Tiger Woods would be #2, having gone over a billion dollars in 2010.

Their method of financial conversion equates how much it would take to pay a modern army, which is the historical basis on which they worked from.

source: http://www.telegraph.co.uk/news/newstopics/howaboutthat/7942...

The man, from what is now Portugal, won 1,462 out of the 4,257 four-horse chariot races he competed in.
So he was pretty good at what he did.
Oh, and all without any endorsements.



Ah yes that standard measure of inflation - how much it costs to pay an army.
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MABBY wrote:
Dearlove wrote:
andyholt wrote:
matthean wrote:
Off hand, about the only other sport I have seen someone say age 50 win a major title would be for boxing but that's also someone taking further punishment to their brain.

The Olympic Gold in showjumping was won by a 58-year old and he is not the oldest Brit to have won an Olympic Gold.


Shooting and archery have had the oldest medallists.


Or maybe Curling.
According to the IOC, Carl August Kronlund of Sweden was the oldest Winter Olympics medallist, winning silver in 1924 at the age of 59.


There are 60+ year olds in shooting and archery history.
 
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Dearlove wrote:
chrisnd wrote:
International Auto Racing (which includes your F1)


No one would recognise that description as meaning F1.


I did, that's why I checked that box. It seemed pretty clearcut to me.

I wasn't aware of the chariot guy.
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Jon_1066 wrote:
MABBY wrote:
Explanation of answer

Spoiler (click to reveal)
Other-- Chariot Racing

Apparently, even using a sketchy monetary conversion of how much a Roman Sesterce is when compared to a dollar or a pound, it isn't even close:

One charioteer, named Gaius Appuleius Diocles, amassed a fortune 35,863,120 sesterces in prize money – the equivalent of $15 billion (£9.6 billion).

The article notes that Tiger Woods would be #2, having gone over a billion dollars in 2010.

Their method of financial conversion equates how much it would take to pay a modern army, which is the historical basis on which they worked from.

source: http://www.telegraph.co.uk/news/newstopics/howaboutthat/7942...

The man, from what is now Portugal, won 1,462 out of the 4,257 four-horse chariot races he competed in.
So he was pretty good at what he did.
Oh, and all without any endorsements.



Ah yes that standard measure of inflation - how much it costs to pay an army.


Personally I like to use salt to measure relative weath between ancient rome and modern day, so it turns out ancient romans got paid barely anything at all.
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Thunkd wrote:
MABBY wrote:
The amount of money that some sports teams will throw at their star performers is staggering.
Staggeringly stupid, in my opinion, but I guess if you're a billionaire and you want to pay someone tens of millions to play a game for you, then that's your perogative.
They're not paying them out of the goodness of their heart. A star athlete drives attendance at the games, merchandise sales, etc. I doubt they'd pay them nearly so much if they weren't making it back, and more, in sales.

My father tells the story (who knows if it is true... I never googled it) that when the Celtics signed Larry Bird to his first contract, they made the money back for the full 4-years before he had ever played a single minute.
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I have no objection to people charging (and other people paying) ridiculously high prices for non-essential items. If some rich owner wants to pay zillions to a star athlete, and/or some fan wants to pay 0.1 zillion for a seat to watch that athlete, more power to'em. It's, from an economic standpoint, like paying zillions for a Van Gogh.

I do worry about people charging arbitrarily high prices for essentials (food, water, health care) or if people use government money to pay those prices (stadiums, Olympic games hosting.)
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davypi wrote:
MABBY wrote:
Staggeringly stupid, in my opinion

I fail to see the difference in paying an NBA star $25 million/year versus paying Emma Watson $15 million dollars

I see no difference either--both situations are equally obscene.
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professorguy wrote:
davypi wrote:
MABBY wrote:
Staggeringly stupid, in my opinion

I fail to see the difference in paying an NBA star $25 million/year versus paying Emma Watson $15 million dollars

I see no difference either--both situations are equally obscene.


Really? Would you also say that Markus Persson or Richard Garfield are paid obscenely? I bet if you work out the income they've made per capita of people they entertained, its probably equitable.
 
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