Adrian Peterson makes $691,000.00...A WEEK???

[trof]

That was just announced on CBS news.
That is just unbelievable.
Nobody makes that much money.

Here's what I found about his contract:
http://www.spotrac.com/nfl/minnesota-vikings/adrian-peterson/

He will still get his salary while he's on double secret commissioner's suspension or whatthehellever it is.

I was an airline pilot who held about 500 passengers' lives in my (capable hands every working day.
My top annual salary was shy of $100,000.
OK, this was way back in the 90s, but...
Something is WAY out of whack here.

And Peterson is ONE of...what?...80 or so guys?
And some make more than he does?

[Comrade Grumpy]

1. He is a star NFL running back. They make lots of money.

What can I say?

[trof]

6. So what 's the price of a ticket to a game now? Who can afford it?

[Boom Sound 416]

30. They are sold out

[trof]

35. OK, yeah. But how much?

Can a blue collar guy afford to take his kid to a pro game any more?
Oh, wait...they can see it on cable for 'nothing' on their big flat screen TV.
Better than being there.
Instant replays.

Crap.

[Boom Sound 416]

36. Dude,

Chill

[Jenoch]

41. It's unlikely a blue collar guy can afford to

go to a Seahawks home game.

http://blog.tiqiq.com/2014/04/2014-nfl-tickets-team-team-average-prices/

[Bjorn Against]

43. I just looked it up, ticket prices range from $44-$150

There are also additional service charges which bring the real price over $50 for the cheap seats. A blue collar worker may be able to afford a ticket, but it would be much more difficult for them to afford bringing their family along for the game.

[NuclearDem]

2. Surely enough to hire a nanny that wouldn't beat his child.

[Initech]

3. My last paycheck was literally like 1/10th of that.

And I've never hurt anyone or committed any crime. Income inequality. ..

[ileus]

46. I'd still be happy with a 69k paycheck.

My last paycheck was more like 1/609th of his.

[joeybee12]

4. Is that all?

Sort of serious, I mean, there's huge money in the NFL now...hence why the NFL as an org sweeps shit like this under the rug.

[trof]

7. BFL?

[joeybee12]

9. Bahamian Football League...nt

[trof]

19. Naw, that's futboll or something.

[joeybee12]

21. Fweetball!

Ok, Budapest Football League!

[Fumesucker]

5. Plenty of people could buy and sell him from pocket change

The Brothers Koch, Penny Pritzger, Jamie Dimon, Lloyd Blankfein, I could go on for a while.

[underpants]

12. What does the owner make that he is able to pay him?

Oh and the other 52 members of the team, 10 practice squad (that is $6,600/ week), the coaches, pay for the facilities, etc.

[Terra Alta]

22. most of the owners are billionaires

so they can afford to pay their players' outrageous salaries.

[underpants]

27. How Fracking Bought the Buffalo Bills

http://www.nationaljournal.com/energy/how-fracking-bought-the-buffalo-bills-20140909

September 9, 2014 A victor has been crowned in the bidding war for the Buffalo Bills: Terry Pegula, an American businessman who made his fortune in fracking, has inked a deal to buy western New York's beloved sports team for close to $1 billion.

Pegula, meanwhile, has sunk millions of dollars into the western New York region and won favor with local politicians and area residents as a result.

His net worth is estimated at $3.3 billion. To boost his chances of winning ownership of the Buffalo Bills, the billionaire sold off some of his natural-gas holdings to the tune of nearly $2 billion in August.

Pegula isn't shy about where his wealth comes from, either. After capturing the Sabres, he famously defended himself against charges that he planned to profit from the team, saying, "If I want to make some money, I'll go drill a gas well."

[trof]

20. Sure. How does that matter?

[Fumesucker]

33. How does it matter what Peterson makes?

[Terra Alta]

8. yeah that kind of money to catch and run with a ball is pretty ridiculous.

I love football, but it's really outrageous how much they make. Sort of makes me wish there were a maximum wage as well as a minimum.

[underpants]

13. He'll be broke in 3 years out of football

and not because of the 7 kids. The average NFL'er is out of football money in 3 years. That does include the guys who spent say 1 year as a free agent to be perfectly clear.

[Terra Alta]

16. that's why the first thing these NFL players need to do

when they sign a contract, is to hire a financial planner to help them manage their money better. If I were making six figures a WEEK I would make sure I was using it wisely, and would be set for life.

[underpants]

24. I was off a bit 78% of NFL'ers are broke in 2 years after leaving the game

I can tell you that I personally know of one prominent athlete who co-signed for house loans for several of his friends and not one of them ever made a mortgage payment. He had his name on 6 or 8 huge (overpriced) bank notes.

http://usatoday30.usatoday.com/sports/story/2012-04-22/Pro-athletes-and-financial-trouble/54465664/1

Sports Illustrated estimated in 2009 that 78 percent of NFL players are bankrupt or facing serious financial stress within two years of ending their playing careers and that 60percent of NBA players are broke within five years of retiring from the game. A starting lineup of financial-distress examples could include Terrell Owens, Lawrence Taylor, Michael Vick, Deuce McAllister and Bernie Kosar in football, and Allen Iverson, Scottie Pippen, Latrell Sprewell and Antoine Walker in basketball.

[Calista241]

32. Only the most talented players make more than $3m per year.

And the average career length of the average football player is 3 years. Only the most exceptional and lucky (health wise) players last long enough to sign a big contract like that.

So yes, Peyton Manning, Adrian Peterson, Matt Ryan and a few others make big bucks. The rest of the players make the league minimum or close to it, which is about $700k per year. That's a LOT of money, but it's not enough money to retire forever and pay for all your families stuff when you get out of the league.

In addition, the NFLPA is the worst example of a union I've ever seen. The teams can cut players at any time and for any reason. You get cut, you don't get paid. Everyone sees the $15m salary of some QB and thinks they got it made. If that player gets cut, he makes a very small portion of the money in his contract.

[underpants]

38. Agreed the NFLPA is horrible

they completely screwed the pooch on the last CBA. Thursday night games? Look I love football but the Ravens played their first 4 games in 21 days a few years ago. They ended up winning the Super Bowl but I remember one player (it may have been Ray Rice actually) saying that on the bye week he was "going to get some sleep".

On Edit- Ryan Leaf had $20 Million guaranteed and he just got out of jail

[Jenoch]

42. Leaf is still in prison in Montana.

I don't think he ever got as much as $20 million. He had about $11 guaranteed by the Chargers and they tried get some of it back but I don't know rge outcome.

[The2ndWheel]

18. They don't make it because they catch and run with a ball

They make that much because people pay to watch them do it, and companies pay to broadcast them doing it.

[aikoaiko]

10. I don't begrudge player salaries at all. There is a lot of money in the NFL

And they deserve a big piece of the pie (at least 50% collectively).

[GummyBearz]

11. off topic question

Can you do a barrel roll?

[trof]

14. Right this minute? No. I'd need an airplane. But...HAVE I?

Oh yeah.
Many times.
But aileron rolls are more fun.

[mythology]

15. There are 53 players on a team with a salary cap of 133 million

And to be fair, I believe most NFL players only get paid for the weeks of the regular season. So he's not getting paid $35,932,000

[Nye Bevan]

17. It's called being a one-percenter (nt)

[Johonny]

23. If makes you feel better the 32 owners take nearly half of the sports revenue

Per ESPN: Owners and players divide types of revenues at different rates. Players receive 55 percent of revenue from the league's national TV and other media deals, 45 percent of licensing and national sponsorship deals, including NFL Properties, and 40 percent of local club revenues.

So don't worry the players generate the profit but the rich guy still walks away with much of the money. Plus 30% of them end up with early onset dementia.

Yahoo sports has pretty much all the players salaries. AP makes $11,750,000 for 2014. I believe the cap this year is 133 million per team but not every team spends to the cap.

[Calista241]

25. The Green Bay Packers are publicly owned and have to report their revenues

In FY2013, the team made a record profit of $54.3 million. That was less than 1/2 the salary cap of the players. $54m is a lot of money, but it's not anything like the money they make in other deals.

[trof]

31. At least you could buy a few shares of the team.

The ONLY publicly owned team in the NFL.

[Calista241]

34. What super rich dude wants to live in Green Bay??

I can't imagine the other teams revenue streams being drastically different. In many cases, they're probably worse since Green Bay has sold out their stadium for the last 50 years.

Go to a game in Jacksonville, and 1/2 the seats are empty. And they only have 8 home games a year where they can make money from tickets and concessions.

[Jenoch]

26. Peterson signed that contract a few years ago.

The game has changed and running backs aren't worth that kind of money anymore.

The Vikings paid Farve $20 million in 2010 based on his career year in 2009. That did not work out well at all.

Joe Mauer averages $23 million a year on his $184 million contract that runs through 2018, and it is all guaranteed.

[Boom Sound 416]

28. A-rod makes 40K an at bat

[Beaverhausen]

29. Does that include the money he makes on endorsements?

should I say used to make?

[taught_me_patience]

37. He's one of the best ever at what he does

are you one of the best pilots ever? What do you think top lawers/doctors/CEOs make per year?

[trof]

40. ONE of the best pilots ever? NO! THE best pilot ever.

And ask any pilot and you'll get the same answer.


Just this question:
Was my job, getting thousands of passengers from Point A to Point B, with no loss of life or even injury, worth more than some guy doing something with a football?

Evidently not.
Hell, I was just a bus driver, right?
Think about that next time you strap on a seat in coach.

[handmade34]

39. ... no common sense to what anyone makes...

http://parade.condenast.com/277366/alisongwinn/what-people-earn-gallery/

Miley Cyrus made $76.5Mil last year

1 in 4 households live on less than $25K/year


http://inequality.org/

http://toomuchonline.org/

[Xithras]

44. The theory behind high professional sports salaries is...

...that the career of the average professional athlete is so short that they have to make an entire lifetimes worth of income in only a couple of years. The average length of a professional football players career is 3.5 years. In the NBA, it's 4.8 years. In the MLB, it's 5.6 years.

The average NFL player makes $6.1 million dollars over a 3.5 year professional career. If you assume that they started playing professionally when they were 22, and died at 77 (average American male lifespan), that works out to a lifetime average yearly income of around $110k a year. If you factor in the reality that normal people retire at 65 and recalculate based on that, it works out to an average career income of $142k a year. There's nothing spectacular about those numbers.

As most athletes have few skills to fall back on after their short professional career ends, and as they often have permanent physical impairments afterward, the compensation level makes sense. These aren't people who are just going to hop into another job after their time on the field or court ends.

[AZ Progressive]

45. Remember that celebrities don't usually have that money all to themselves

There are usually agents that get a percentage of the income (the ones who helped get them signed on and help to negotiate the huge pay in the first place), and I believe they have their money directly taxed as income, thus they get hit with the top tax rates of both federal and state income taxes (which could be as much as 50%.)

[Logical]

47. He is worth it. No one was willing to pay to watch you fly! nt

[LittleBlue]

48. He's an entertainer. He deserves it

He entertains millions of people who are willing to spend their money to see him. We don't. That's why he makes $691k per week and we make a lot less.

You want that kind of money? Entertain a lot of people.

[tammywammy]

49. There's an interesting ESPN 30 for 30 called "Broke".

It's available on Netflix. It's very interesting about how these highly paid athletes end up broke. I highly recommend it.

On the topic of this OP, that fucker shouldn't be getting paid, but I'm sure his contract says otherwise.