Do We Pay Athletes Too Much?

Do professional athletes model paid in any case much? In my personal perspicacity No In this red-brick era this is an ethical issue that comes up more and more often. This has been brought up especially in times of economic fractiousship and the recession whereby families be really struggling to make ends meet with unemployment, delay of retirement and familiar reductions in useable income. During this paper it shall be discussed how the ethical issue of gamy absorbs came about, why it is an issue, who is affected and what actions outhouse be taken. Why is there this ethical problem?To consecrate it simply, it is a matter of personal opinion and knowledge on whether you reckon professional athletes in the United States should get paid the level of wages that they do. Below is a chart produced by Canbridge University which gives an introductory represenation of the salaries professional athletes earn annually. From June 2008 to June 2009, the gameyest paid professional athlete, Tiger Woods, make $110 one thousand million according to Forbes. Also on their list, at digit two, was Kobe Bryant making $45 million, and Michael Jordan with the same add up (and Michael Jordan hasnt played in quite a while . According to Forbes Magazine, the tallest covering regular military control in the U. S. during 2009 was that of a operating surgeon. The average annual consecrate of a surgeon last year was $206,770 (also out of Forbes). While the average gestate for schoolroom teachers in the United States is $38,000 per year. At that rate, a teacher would need a little more than 27 years to make $1 million less than half what a basketball player makes, on average, in that unrivaled year. The average pay for fire-fighters in the United States is more or less $40,000. The starting stipend for police get throughicers in the United States is around $29,000.Do athletes deserve more m iodiny than fire-fighters or teachers muckle who hold what many af fect being more valuable jobs? This is the basis of where this ethical problem comes about. slightly people feat their entire life trying to make a living to swear the families they grow and set out a very hard time trying to live near the poverty line. Some of the jobs they befuddle to take to support their families be hard, manual labor jobs that they own to work at for 12 hours at a time. For example, adults that work in libertine food estaurants usually work long days so they can make enough funds to support a family, because minimum wage doesnt go far in todays beingness. iodin p bents usually work even harder than families that have two incomes helping to support them. The average professional football player gets paid al almost $2 million and theyre non even the highest paid professional genetic mutation. hoops players make the most out of all pro sports with the average requital being $5 million and the only thing they have to do is practice and play in game s (FreeMoneyFinance). heretofore it is rarely considered how much tax and trade good these athletes do in helping our economy. In the banking business it is known as the jock tax and when understood, people will non be so judgmental. For federal purposes, professional athletes are taxed in the same manner as other taxpayers gross income less deductions equals ratable income. Federal tax is computed without understand to your state of residency (home state), or where the employer/team is located (team state). The current sack federal tax rate is 35%, starting at taxable income of $319,101 (2004, single filing status) (ZZLR. om). Now to tax that level for an athlete that earns millions of dollars a year is creating some useful gross for states and the government that no one can argue with. Another reason why athletes do not get overpaid is the wrong attitude that some people posses. For example people say, Oh, I would hit a baseball for millions of dollars a year. Well, Im sorry you cant. These athletes are unbelievably blessed with talent. All of these players have much(prenominal)(prenominal) immense and extraordinary ability that they make the game construction effortless.In fact, good luck hitting a 96 MPH pot moving down and in on your hands with a woods bat. If you were to put one of these players with a cluster of amateurs, they would stand out to such a degree, it would be astonishing. So, is nine months out of the year devoid of a vacation easy for you? Is travelling to different cities approximately every triplet days across the nation un petitioning for you? Is being away from your family for most of the year trouble-free for you? Is hitting a 96 MPH grass effortless for you? You are starting to deserve that pay check. wad say it is just a game and athletes shouldnt be paid so much. It is not just a game. Billions and billions of dollars get dumped into professional sports. In fact, professional sports are the 11th most lucrative business i n the entire world (UPENN. EDU). It is a form of entertainment and people are willing to pay the big bucks to watch these athletes perform. If nobody came to watch, they wouldnt get paid what they do. The fans pay the wages after all. In economical terms demand for high performing sports stars is high while there are a few numbers of them.This makes their wages high. Direct affect this issue applies to, of course, is professional athletes along with their respected affiliated clubs/teams who pay their salaries. In certain examples such as that of soccer team Manchester City, which runs with a loss, is kept afloat by a Middle Eastern royal family so in that case they pay players wages. Indirectly effected parties include those who contribute to the financial backing of high wages. Examples of these include supporters going to games, television networks paying licence fees, the domain paying for cable to watch the games.One of the options discussed would be to cut players salaries. Now this could have profound seconds for many directly and indirectly involved. Firstly, the spirit of sportsman would diminish. This is a general mental happening that when you get over a persons reward for something, more often than not, they will slim down their work ethic consequently. The knock on affect of this would be that people would hence go through sports less entertaining which is a social consequence as people need entertainment.After this it would probably be as heart and souled that this manufacturing that employs millions of people, the 11th largest industry in business, could start to struggle with the consequential radiate in demand due to a fall in quality. People would indirectly be affected as the level of taxation that these athletes would brush off and consequently affect the economy negatively not to mention the minify spending the economy would see as they would have less disposable income. This would affect other people through job s and welfare. For example, if a professional footballer does not buy a boat in Florida then the company who makes the boat would lose out. Welfare wise, the federal governments would have less money to put towards benefits to help those less fortunate. Similar to this charities would find themselves losing out also as the athletes would probably donate less as they would have less wealth to offer. This would, again, influence people negatively. To partly reduce this ethical dilemma however it can be seen that wage roofs could be introduced.These have been introduced in major competitions including NFL, NHL, English Rugby Union and NBA. However there are pros and cons to the idea. For example, theNBA hire capis the limit to the total amount of money thatNational Basketball Associationteams are allowed to pay their players. It is define by theleagues collective bargaining agreement(CBA). The actual amount of thesalary capvaries on a year-to-year basis, and is calculated as a share of the league s tax income from the previous season for instance, in200708, the NBAs salary cap was approximately US$55. million per team, and for the200809season it was $58. 68million (NBA. com). Now, before it is discussed how the cap could be deemed pointless, it must be considered that if this system is done properly then wages would not go above and beyond congenator figures when considering a leagues income. If a league sees more demand (television rights, franchise, etc) and therefore gains more revenue then it should be passed onto the players, surely. The issue here is that the actual problem of high wages is not stopped only in certain situations capped.To put across this point, in all but one season the revenue of NBA has been reduced. The reaction to this is that wages have also, in respect, gone up in a positive correlation. In conclusion, it is well documented that NBA stars are one of the best paid sports people in the business, even with a salary cap. The cap itself only stops c ertain individuals received ludicrous deals relative to the rest of the industry and does not mean the average wage would not still be high. Again, there is the demand to watch these athletes and the result of this is the money that is made from that demand sustains high wages.It is basic economics. In terms of penalization for breaking of the salary caps, at the moment, only include fines. Examples of this include in 2012 where the Cowboys will be penalized $10 million, paying $5 million a year for two years. The Redskins penalty is much harsher at $36 million ($18 million a year for two years). While the Cowboys are unlikely to feel that much of a pinch, the penalty puts the Redskins in a world of hurt. That $18 million a year is significant money. The Redskins have a decent amount of young talent. Those not already gestural to deals may be lost.Tight end Fred Davis, a burgeoning star, is on a one-year contract. And Kory Lichtensteiger, a left guard, may not be a pro Bowler, bu t hes worth keeping around. He is also on a one-yeardeal (forbes. com). Personally, if I was a attractor of an organization who had power over such an ethical issue such as a governing body or the government itself I do not believe I would enforce or metamorphose anything at present. In fact, the idea of a salary cap is off putting. I believe strongly that if an individual is worth a sum of money to a team that is natural in a securities industry situation, i. . he can generate that revenue back for the team and the demand for him/her is there then why shouldnt they get paid that money. disregardless of whether they save lives or not the quality of their labor is just as important. Perhaps not on a life-saving level however in terms of entertaining millions of people after thousands of hours of practise I believe to pay high wages is natural in the business environs professional athletes find themselves. Citations Badenhausen, Kurt. Top 100 paid athletes. N. p. Forbes, 2012. W eb. 27 Nov. 2012. http//www. forbes. om/sites/kurtbadenhausen/2012/06/18/mayweather-tops-list-of-the-worlds-100-highest-paid-athletes/. NBA. NBA salary cap. N. p. NBA. com, 2008. N. pag. Web. 27 Nov. 2012. http//www. nba. com/news/salarycap_070710. hypertext markup language. Salaries of Professional Athletes. FreeMoneyFinance. N. p. , 2006. Web. 10 Jan 2012. http//www. freemoneyfinance. com/2006/09/salaries_of_ave. html. Cambridge University. Pros paid too much? Cambridge Cambridge University, 2011. N. pag. Web. 27 Nov. 2012. http//www. cambridge. org/other_files/downloads/esl/strageticreading/6843_SRL1_U04_P09. 1_sport. pdf. UPENN. Wheres the business in sport? Philladelphia University of Pennsylvania, n. d. Web. 27 Nov. 2012. . Zeisler, Zeisler, Rawson & Johnson LLP. Taxes Cost of being a professional athlete. N. p. ZZLRJ. com, 2011. N. pag. Web. 27 Nov. 2012. . salary Cap Penalties. N. p. Forbes, 2012. Web. 27 Nov. 2012. .