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... These days a typical team-based athlete is receiving a salary of several million dollars a year. A growing number of fans are becoming more and more disenchanted with this high priced industry and feel that athletes are receiving an outrageous amount of money. ... I feel that from an economic point of view the salaries that professional athletes are paid are justified.
Many people object to the salaries professional athletes are paid because they think the high prices for tickets and concessions go toward players’ salaries. However, in all reality athletes’ salaries are not based on ticket prices but on a supply-and-demand system (Felsenfeld). ... Of all of this money, the whole team generally receives a salary of less than 40 percent of these revenues (Felsenfeld). ... If we take Brett Farve’s annual salary of 24 million, for example, we also have to take into account his added value to the sport. ... Logically, if athletes are directly in the circle of the industry, they are power figures that are part of an entire moneymaking equation (Scheidies). Therefore, it is very difficult to regulate the salary that different teams pay their players, especially the star players. ...
Critics also say that its not right that other more socially important jobs in society, such as doctors or police officers, dont pay as well as professional athletes. ... It just so happens that a lot of consumers place a high value on watching professional athletes play football, basketball, and other sports, just as they place a high value on watching certain rock stars sing songs.
Approximate Word count = 1277
Approximate Pages = 5.1
(250 words per page double spaced)
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