- 20 Mar 2018 02:18
#14898028
Professional sport is essentially a zero sum game. Sure, talented players might make the sport as a whole more attractive, but in general they just take home more of the cake because they're slightly better than the competition. They don't grow the cake. In contrast, a highly-paid entrepreneur or CEO might actually earn what he gets. That's not to say they generally do, some might just be faster to establish a dominant market position.
Drlee wrote:No. That may contribute to why the owners have a lot of money but professional sports players are paid a great deal because skills at their level of play are excruciatingly scarce. There are a lot of good players. The colleges are full of them. There are not that many great ones. It is truly supply and demand.
Professional sport is essentially a zero sum game. Sure, talented players might make the sport as a whole more attractive, but in general they just take home more of the cake because they're slightly better than the competition. They don't grow the cake. In contrast, a highly-paid entrepreneur or CEO might actually earn what he gets. That's not to say they generally do, some might just be faster to establish a dominant market position.