marshall stalin
Bench
- Messages
- 4,619
They would pay 37% tax annually on such earnings.That's insane mate. My question is, what do they do with all that money? I mean if someone gave me $1M or even $1.5M, I could easily pay off the house, upgrade it to something nicer and retire early. And still have plenty left over to live on.
Why do these guys need so much money?
Yes it seems a lot but sport is big business in the US
Most sporting teams - MLB/NFL/NBA/NHL would be privately owned and the revenue from broadcast deals/crowds/merchandise/advertising etc would be 10s of billions annually for all those major sports.
Each of the teams in the various sports would get their cut of all the above.
MLB Teams for instance each receive 60 million US from the national broadcast deals and upto 40 mill US from local US broadcast deals - 100 mill US before even playing a game or selling a ticket or any merchandise.
MLB Highest wage bill is the LA Dodgers @ 265 mill US and the lowest Baltimore Orioles @ 43 mill US
Supply and Demand - Athletes Supply the talent and People demand to see or hear it ( TV/Pay TV/Radio)or live by attending the games and also by buying the merchandise etc etc.
NY Yankees would most likely sell the most merchandise world wide of any team in any sport