Are Pro Sports Too Expensive?

For many Americans in today’s age televised professional sports games are a favorite past time. With all the fanfare and excitement that goes on during a game it’s no wonder that so many people find the time to sit and watch when they are on. Of course, bunches and bunches of people know who the big name players are in their favorite type of sport, and avid fans know many players across the league and usually other sports stars from different leagues as well. What many do not usually know or pay attention to is the amount of money that these players are being paid for a few years of their lives.

Few even remember Albert Haynesworth and his ridiculous one hundred million dollar seven year contract, and even less remember his amazing play the years before that. He is a dangerous lesson on human greed and an example of why people need to teach their children moderation and to live humbly. As soon as he inked his new deal he went full on crazy and bought a mansion, a bunch of jewelry, and some rather expensive cars. After an entire off-season, full of partying and eating food, this man whose only job is to play football comes back out of shape and overweight. As if that wasn’t bad enough, the team gave him some time to get it together and try again, but Mr. Haynesworth decided he didn’t care and came back even heavier. One of the worst free agent flops to date.

Baseball is no better as everyone is aware. The Yankees have been successfully buying a spot in the postseason for years. So much so that other big market teams have upped the ante by spending more money. Basketball is trying to catch up from there with the pretty ludicrous teams that have been put forward recently. That all starts from “The Big Three” in Miami, and now that they have all their rings LeBron James went back home for more crazy money.

Now don’t mistake that he is probably very happy with all that money, but he is smart and has invested into a capital firm and will be a billionaire if he can make smart choices from here. So many sports stars count only on the ability to play a game, but once their time has come they realize they have nothing at all left for the property taxes and payments they need to make. Does a player really need to make ten or fifteen million dollars in one year? Agents help drive that price tag up, and they are not a necessary part of the equation. Leagues could develop a new system that would help cut down the cost of this, but they choose not to because they would lose money too. It’s a self-filling hole that will constantly dig deeper until it collapses on itself and leaves itself trapped. The leagues should consider a payment cap system for their heavily paid sports superstars.