LeBron James after losing in the NBA Finals on Sunday.There was something spectacular and surprising about the victory of the Dallas Mavericks on the Miami Heat in the NBA on Sunday. No, it was not the caliber of the work, which was high: nor the view of the vaunted Miami falling from his season as a "dream team". On the other hand, was the contrast of the billionaires players in a League of multimillionaire awakening not animosity but the passion of millions of fans that happening are probably not so well same level.
The average salary for a player in the NBA is among the highest in professional sports, at about 3.5 million dollars a year. While that the franchise of the NBA does not command the price of a team of baseball, football and world football clubs, are of considerable value of nearly half of $ 1 billion. Attract billions in advertising revenue, with the end of this year under the command of $450,000 for a 30 second spot, which can be less that repeats a comparable place for the Super Bowl, but it ends up being more revenue total when you consider that it is a minimum of four finals games and in the case of this yearsix.
(Post of the supply of reading news on the Dallas Mavericks won the NBA Championship)
Although there may be articles occasional complaining of scales of wages in the NBA and professional sports in general, what is most surprising about the economics of sport is what little animosity generated these wages. Yes, Alex Rodriguez has spent years repairing its reputation after the Texas Rangers gave a massive contract. And Yes, the New York Yankees (along with AC Milan, Manchester United and the New York Knicks) are occasionally denostados sense that are trying to buy Championships with bloated payrolls (although it has been an abject failure in the case of the Knicks). And the impending strike by risk of makes of NFL players alienating fans, who are happy to support its stars billionaires, but with the unique and reasonable condition who actually play the game.
But stars in sports and the sports industry do not generate animosity to the sectors of banking and finance, but sports is perhaps a questionable allocation of capital for very few people. The short answer - a good - is that you sports professional leagues have never come to endangering the material lives of people around the world and to the best of my knowledge, not been involved in a massive wave of foreclosures that pushes millions from their homes. Sports leagues do not have thrown to any country in particular in widespread economic malaise, or they have been accused of being too big to fail.
Still, they are a call in the capital, and absorb. Of course, the same could be said of the entertainment industry, but few stars of Hollywood is slandered by the payroll either.
Yet even before the recent financial crisis, Wall Street and the financial industry have always worked under accusations of greed and selfishness that sports stars and movie stars have largely escaped such opprobrium. NBA stars act as beacons of hope, however rare, which can range from the rags of poverty to the halls of the wealth, based on the skill and hard work. They preserve part of America's dream that even those who start from modest circumstances can be rich. And because their activities are considered socially benign, not under the same scrutiny or generate the same animosity that the financial industry has and makes.
Still, it is noted the disconnection and different rules, as Dirk Nowitski of 7 metres in height of the Dallas Mavericks, winning $ 17 million a year, celebrates a victory embraced by owner billionaire Mark Cuban, while as a trio of players from Miami led by LeBron James win $ 15 million each aspect in dismay. It is impossible to imagine a similar scene of investment bankers Goldman Sachs be cheered on as they carved out an IPO of its rivals at Morgan Stanley. The economy, however, have more similarities to most of us care you to admit.
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