ST Alpha - "But their 3-4 years playing often equals a lifetime of income." (Reading a Post)

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In response to "and also, let's be honest, sports players generally do not play for 40 years. " by groiny

But their 3-4 years playing often equals a lifetime of income.

Posted by Will Hunting (aka Joemetz) Sep 25 '13, 07:39

avg salary is 40k a year, league minimum in baseball is $480k.

A year in baseball is legitimately an average person's decade.

Really though, they get about 50-58% of revenues depending on the sport...when the sports are worth 3-9BILLION a year...thats'a lot of money to split amongst a few hundred players.

Responses:

Baseball players are different. NFL players are lucky to earn a million in their entire careers. - David Sep 25, 07:47 13
- Not saying there's a lot of jobs, but those who do get them are far more advanced than the people who are working in the office next door. - Will Hunting Sep 25, 07:55 12
  - but then you have to consider all the money they have to spend on hookers and crack to maintain their lifestyle... -- nm - znufrii Sep 25, 07:58
  - Sure but percentage wise, they are lottery winners. -- nm - David Sep 25, 07:56 10
    - Yeah, and just like lottery winners, they are gifted far beyond the average person in their incomes. - Will Hunting Sep 25, 07:59 9
      - No. See below. - David Sep 25, 08:00 8
        
        Lots of lottery winners go broke too. -- nm - Roger More Sep 25, 08:06
        
        Any player making $375k a year is living multiples beyond the aveage person. They might be living stupidly, but they are bringing in 10x the average. -- nm - Will Hunting Sep 25, 08:04 6
        
        and their expenses are also 10X what a normal person has. nm -- nm - groiny Sep 25, 08:10 5
        
        Not really -- their expenses are what they want them to be. - Will Hunting Sep 25, 08:13 4
        
        MOST people spend in relation to their salaries. - groiny Sep 25, 08:15 3
        
        That's becuase they are bad with money; not that they don't earn enough to last a lifetime. - Will Hunting Sep 25, 08:16 2
        
        this just tells me that the NFL intro to the league for rookies is not working. - groiny Sep 25, 08:22 1
        
        I think it's pretty hard for it to work - the pressure on NFL players to spend their money must be pretty intense. - Roger More Sep 25, 08:29
[deleted] 13
- The median salary in the NFL is $770,000 - The average career is 3.5 years. That's $2.7M - it would take someone making the median US income 54 years - decline Sep 25, 07:55 11
  - [deleted] 6
    - Fact: the majority of those are because of money mismanagement -- nm - decline Sep 25, 08:06 1
      - That's not a fact. You are not a 300 pound man rolling over your leg away from losing your entire earning potential. - David Sep 25, 08:10
    - That's people being stupid with massive amounts of money -- not a testament to their short career. - Will Hunting Sep 25, 08:06 1
      - [deleted]
    - [deleted] 1
      - that is mindboggling. Imagine 60% of your friends being bankrupt. - groiny Sep 25, 08:08
  - The problem with that stat is that it only considers players who make rosters. - David Sep 25, 07:59 3
    - You're talking apples and oranges here - decline Sep 25, 08:05 1
      - It's like considering CEO salaries as relevant to the average American salary. The data is noise, not signal. -- nm - David Sep 25, 08:07
    - Then we're not talking NFL players, are we? -- nm - Will Hunting Sep 25, 08:04
- Rookie minimum was $375k in 2011....I'm not saying it's retire money, but $375k a year - Will Hunting Sep 25, 07:53
but would you trade money for no knees, constant headaches and brain trauma? -- nm - Beaker Sep 25, 07:41 1
- Not germane to the question here. -- nm - Will Hunting Sep 25, 07:53

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But their 3-4 years playing often equals a lifetime of income.

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