Why does an athlete need $30m instead of $20m?

kskboys · Jun 18, 2019

cern said:
clearly this is a trick question. right??? the op can't be serious. how about family? how about looking out for their welfare and those of their children for years to come?

Either amount allows you to do that.

CouchCoach · Jun 18, 2019

DakPresgoat said:
Why do I need to eat 3 slices of pizza instead of 2?

Why do I need 8 beers instead of 7?

Life’s little mysteries.

OK, I really don't think that 8th beer was necessary but with 7 beers, you should have had another slice of pie.

Hell, except for the size of women, when isn't much mo much mo bettah?

aikemirv · Jun 18, 2019

ABQCOWBOY said:
But if your only really worth 25 and that's what the market dictates, then I can go out and find a guy who will be happy with 20 and allow you or whomever, to go out and chase your dreams of equality earning 30.

Absolutely!

JReed1000 · Jun 18, 2019

Until you understand the difference between being Rich and being Wealthy you should never ask this question. Jerry is Wealthy...See buying of Powerplant and Yacht for reference. Some of the players are Rich and TAXED and will never see HALF of the money they get when they sign the contract. Please don't tell be about how Texas has no taxes. Look you have 1 chance to Maximize your pay in this league...ONE TIME...after that they'll say you're getting old in the tooth or you're injured. If I was DAK its Market Value or BUST. Release me and I'll take my winning ways elsewhere. Maybe Dak will show up at your job and say you don't deserve your annual 2% raise. I don't care if you dont think he's worth it...He deserves it and HE should be a priority.

CouchCoach · Jun 18, 2019

viman96 said:
Respect. Athletes want to feel their efforts are respected the same as their peers.

And for many, respect = money.

ABQCOWBOY · Jun 18, 2019

JReed1000 said:
Until you understand the difference between being Rich and being Wealthy you should never ask this question. Jerry is Wealthy...See buying of Powerplant and Yacht for reference. Some of the players are Rich and TAXED and will never see HALF of the money they get when they sign the contract. Please don't tell be about how Texas has no taxes. Look you have 1 chance to Maximize your pay in this league...ONE TIME...after that they'll say you're getting old in the tooth or you're injured. If I was DAK its Market Value or BUST. Release me and I'll take my winning ways elsewhere. Maybe Dak will show up at your job and say you don't deserve your annual 2% raise. I don't care if you dont think he's worth it...He deserves it and HE should be a priority.

Who gets an annual 2% raise anymore?

Red Dragon · Jun 18, 2019

cern said:
clearly this is a trick question. right??? the op can't be serious. how about family? how about looking out for their welfare and those of their children for years to come?

Anyone can take care of their family and their children for "years to come" based off of $20 million a year. For the rest of their lives and their children and grandchildren's lives, for that matter.

Bear in mind that 99% of people in America have to take care of families and children for far, far less than that.

aikemirv · Jun 18, 2019

kskboys said:
That's not what I was disagreeing w/. I was disagreeing that it's the same thing w/ any profession, and it's not even close.

At this level, it's not about worth, it's often about pettiness and greed. Have you listened to Leveon?

It is though. There are things you can have with that extra 5-10 mill that you can't have with the lesser amount. Not things you need, but things you can have. Goes with the old addage, "the more you make, the more you spend"

There are things that I can have if I make 180K versus 120K, not things I need but things I can have - just a smaller scale.

Maybe Dak for example wants a house in Venice for 8 mill that is a stretch for him - maybe he wants a private jet -maybe he wants Jerry's yatch - is it OK to mention Jerrys yatch - that might have been banned!

Red Dragon · Jun 18, 2019

aikemirv said:
It is like any other profession.

For my field, if I am a College Grad with my CPA, why would I take 40k from a big 4 firm when the market is 60K?

Again, I don't think that's the same. $40,000 vs. $60,000 is a big difference in terms of making average household ends meet - rent, bills, groceries, loans, mortgage, healthcare, etc. That extra $20,000/year makes an enormous difference to the average college graduate.

Whereas no athlete who is earning $20 million a year needs to worry in the least about bills, groceries, rent, etc. (well, assuming he isn't being grossly profligate with his money)

aikemirv · Jun 18, 2019

ABQCOWBOY said:
Who gets an annual 2% raise anymore?

I get 2.5%

LACowboysFan1 · Jun 18, 2019

Red Dragon said:
Not another Dak thread - but someone please explain to me, from the perspective of a pro athlete, just what makes $30 million/year so badly necessary more than $20 million/year?

Yes, I know, more is always better. Yes I know, inflation. But there is virtually nothing you can want with $30 million/year that you couldn't have with $20 million/year, especially considering that there is no state income tax in Texas (unlike, say, an athlete in California or New York). You want big mansions? You got 'em - you can buy several every year. You want Lamborghinis, Ferraris, Porsches, Corvettes, Bugattis, Maseratis? You can buy a dozen each year. You want hordes of women flocking to you? Well, you would have had that with even just $2 million a year, let alone $20 million. You want to send your kids to private school, make sure your family is financially set for life? Again, you sure don't need an income of $30 million a year to do that.

This isn't even taking into account the fact that many such athletes are making plenty of money on the side through advertisements, endorsements, and other ancillary income.

Where I'm going with this is: The difference between $20 million/year and $30 million/year is virtually nil for a pro athlete - either way, he's positively bathing in wealth. But it makes a big difference to a pro team's salary cap, on the other hand. The $10 million difference could mean the difference between an NFL team being able to sign additional talent that could propel them over the top, or not being able to.

Is it simply about "Such-and-such an athlete got so-and-so much, so I want just as much?" Or, "I want to be THE highest paid so I can feel like No. 1?"

Well putting aside the ego thing, you're talking about a 25-30 year old person, who knows what the cost of living will be in 50 years, assuming they live that long?

Reminds me of the old joke about the guy who was in an accident and woke up 25 years later. (This is an old joke, like I said, you'll see later)

First thing he did was go to a pay phone and call his broker to check on his stocks. The broker told him his A T & T stock was worth $10 million, his IBM stock $15 million, and his General Motors stock $20 million. After that the guy started asking about what was going on in the world, and during that conversation the operator came on the line and said "Please deposit $1 million for the next 3 minutes".

You get the drift, of course they can invest the money wisely and have even more, but 50 years is a long time, no telling what could happen. And of course they could get injured, get cut and the contract they get is all they will ever get.

I seldom blame somebody for trying to get all they can, you and I would probably do the same thing if put in their shoes...

cern · Jun 18, 2019

kskboys said:
Either amount allows you to do that.

one allows you to do it at a much higher level. from time to time sites such as these have grammar police and moral police. now we have the financial police. jk, of course. but as for me, i'll take the larger amount every time.

JReed1000 · Jun 18, 2019

ABQCOWBOY said:
Who gets an annual 2% raise anymore?

I live in Washington DC...Usually these Government Employees get it doing the bare minimum. However, you're right some employers don't even wanna give you that these days.

ABQCOWBOY · Jun 18, 2019

aikemirv said:
I get 2.5%

Annually and without fail?

cowboyec · Jun 18, 2019

why do any of us "need" a raise.
if an athlete can get $10mil more....go for it.

aikemirv · Jun 18, 2019

ABQCOWBOY said:
Annually and without fail?

Has been, yes, for the 8 years I have been here. Sometimes 3%

I have been blessed!

Reverend Conehead · Jun 18, 2019

aikemirv said:
It is like any other profession.

For my field, if I am a College Grad with my CPA, why would I take 40k from a big 4 firm when the market is 60K?

In general, you would take the larger number, but there can be other factors. What if you got 40K in a part of the country with an extremely low cost of living, plus the weather is great, but your 60K offer was in an expensive place to live with lousy weather? It would at the very least be worth doing the calculations (which you're good at as a CPA) to compare how much money you have left over each month.

kskboys · Jun 18, 2019

aikemirv said:
It is though. There are things you can have with that extra 5-10 mill that you can't have with the lesser amount. Not things you need, but things you can have. Goes with the old addage, "the more you make, the more you spend"

There are things that I can have if I make 180K versus 120K, not things I need but things I can have - just a smaller scale.

Maybe Dak for example wants a house in Venice for 8 mill that is a stretch for him - maybe he wants a private jet -maybe he wants Jerry's yatch - is it OK to mention Jerrys yatch - that might have been banned!

But, it changes the higher you go w/ the salary. That's why it's different. And it's not even close to other careers, because NFL players are the best at what they do in the world, and what they do brings in enormous profits.

Hey, I'm not arguing they shouldn't get their cut. I'm all for them being paid. However, my primary concern is that I'm a fan of the Cowboys, and cap strapping contracts can keep you out of the super bowl. Most teams that contend a lot don't pay those huge salaries, because they know it will keep them from winning it all.

Basically, a player has a choice to make. He can make 200 million and contend for super bowls, or 300 million and he won't. (Yes, I'm simplifying the amounts). So, it really comes down to what's important to the player, an extra yacht, or super bowl contention. And history has shown us that they are generally not both to be accomplished.

cern · Jun 18, 2019

Red Dragon said:
Anyone can take care of their family and their children for "years to come" based off of $20 million a year. For the rest of their lives and their children and grandchildren's lives, for that matter.

Bear in mind that 99% of people in America have to take care of families and children for far, far less than that.

I doubt it's 99%. lots of deadbeat dads out there. athletes seem extraordinarily wealthy compared to the hard working citizens of the country, but compared to the leaders of industry, they don't compare. they can stay in the most luxurious hotels in the world. but they don't own them. they negotiate for their money based on their skills. but it's someone with far more money who's paying them.

G2 · Jun 18, 2019

Why wouldn't you make as much as possible? More is more.

Why does an athlete need $30m instead of $20m?

kskboys

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CouchCoach

aikemirv

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JReed1000

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CouchCoach

ABQCOWBOY

Regular Joe....

Red Dragon

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aikemirv

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Red Dragon

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aikemirv

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LACowboysFan1

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cern

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JReed1000

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ABQCOWBOY

Regular Joe....

cowboyec

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aikemirv

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Reverend Conehead

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kskboys

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cern

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G2

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