Blog Entry

Wade: NBA stars worth far more than they earn

Posted on: September 30, 2011 11:38 am
Edited on: September 30, 2011 11:43 am
 
Posted by Ben Golliverdwyane-wade

Miami Heat All-Star guard Dwyane Wade is set to bring in a salary of $15.7 million in the 2011-2012 season. According to Wade, the value of an NBA superstar is such that he might make more than three times that salary if the league didn't have a salary cap in place.

Yahoo Sports asked him what the going rate for a franchise star would be. Here was the response.
“I’m sure it would get to $50 million,” Wade told Yahoo! Sports on Wednesday afternoon.

“In terms of driving revenue, if the NBA had no cap, the compensation would be totally different,” Wade said. “Like baseball, where they have no cap, you see the players that they feel fill arenas, that people come out to see, A-Rod, those kind of guys, look at how much money they make on their deals.

“You’ve got guys – starting with Michael Jordan, Shaquille O’Neal, and Kobe and LeBron – all players that individually people wanted to come to see. And wanted to just have a glimpse, just one glimpse, to be able to say that I’ve seen that person play. For what they’ve done for the game, what they’ve done for organizations, I don’t think you can really put a dollar amount on it.”

The only real flaw in what Wade said is that perhaps he lowballed the number. If the Los Angeles Lakers, Boston Celtics and Chicago Bulls, or billionaires like Mark Cuban and Paul Allen, were able to get into a bidding war for the services of Wade or LeBron James unemcumbered by a salary cap, are we sure that $50 million per year would be the highest bid? Given how one star player can change an entire team's trajectory and global profile, it seems reasonable to guess that the number could go higher, perhaps much higher.  

Unfortunately for Wade, his comments, which are economically accurate, couldn't come at a worse time. The NBA and the National Basketball Players Association are set to meet Friday to continue a crucial stretch of talks that will determine whether the 2011-2012 season starts on time. For many, Wade's comments, because he is a star himself, will read as whiny complaining: "I'm underpaid." 

That message, even if that's not actually what he said or meant, hurts the image of all NBA players and the union's leadership, which is tasked with holding all the disparate interests of the players together. It's also the last thing anyone wants to hear when they must face the fact that their favorite team might not take the court like normal come November. All of a sudden, the guy who sells out the entire arena thanks to his fame starts to look an awful lot like a scapegoat.

Crying poor is never a winning plan for a millionaire. Not in this economy and not with the amount of money NBA players are taking home. But Wade didn't do that here. All he said was that superstars would make significantly more money if there was no salary cap. Whether the average person or casual fan reads closely enough to realize that, though, remains to be seen.
Comments

Since: Aug 13, 2011
Posted on: October 1, 2011 1:03 am
 

Wade: NBA stars worth far more than they earn

No one watches? are you just trying to be funny or stupid? over 20 million people attended games last year and god knows how many billion yes billion with a B watched on TV just in China alone but nobody watches the NBA. moron just becuase you dont watch it and have no idea of what goes on doesn't mean no one watches it.



Since: Jan 7, 2010
Posted on: October 1, 2011 12:41 am
 

Wade: NBA stars worth far more than they earn

Jalen1305, 
      Playing a game, does not require as much knowledge and intelligence as running a financial account, crunching numbers and formulas to anticipate the greatest fiscal return for your client. They lace up, play a game, go home and do it all over again. Being a pro athlete is because of god given skill and dedication in the gym and on the playing field, yes. But to say that we are jealous of these greedy hacks is bull. If I make 40,000 a year, I will try for a bonus to 45, or 50k a year if I'm lucky and land my boss an account worth hundreds of thousands of dollars yes. But I don't expect to go from $17 million to FIFTY MILLION a year just because I'm fancy with a basketball... If he wants a raise to $20 million then ok. Fifty is a blatant example of GREED.  



Since: Aug 7, 2008
Posted on: October 1, 2011 12:38 am
 

Wade: NBA stars worth far more than they earn

The NBA is a joke! I don't like the corrupt/incompetent referees. I don't like the overly tatooed players. I don't like NBA players show-boating. I don't like the high salaries. I don't like anything about the NBA. Which is why I have repeatedly declined offers to watch NBA games in a luxury box at no cost to me. If a product is garbage you can't even pay me to watch it. Not even if it comes with a cushy seat and a generous buffet spread. 




Since: May 16, 2009
Posted on: October 1, 2011 12:22 am
 

Wade: NBA stars worth far more than they earn

This is why no one watches or even cares about the NBA anymore. Nothin' but greedy pigs.




Since: Jan 21, 2008
Posted on: October 1, 2011 12:18 am
 

Wade: NBA stars worth far more than they earn

Screw the NBA and their players They are almost all Ghetto Thugs. I hope that they shut it down and never return. They need to start a new league with international rules where players have to learn to play defense shoot from the peremiter call walks and ban dunks. You would get a whole lot better game and better players no more Ghetto Ball. If these idiots couldn't dunk a basket ball they would be selling crack on the corner. There should be a salary cap and there should be a ticket cap give the fans a break. They are all overpaid. You don't have to have teams with a 100 million dollar payroll and outragous ticket prices. Look at the Rays you can still get $12 tickets and free parking and they win. Please shut down the NBA and fire all the players.



Since: Sep 28, 2007
Posted on: September 30, 2011 11:50 pm
 

Wade: NBA stars worth far more than they earn

HA!  First guy I thought of too!  Spree!  These guys are a joke.



Since: Sep 30, 2011
Posted on: September 30, 2011 11:47 pm
 

Wade: NBA stars worth far more than they earn

greedy b@st@rd<br /><br />




Since: Aug 5, 2011
Posted on: September 30, 2011 11:12 pm
 

Wade: NBA stars worth far more than they earn

You clowns need to read a little more closely.  He never cried or whinned about being underpaid.  He know how much money he makes.  He knows he has more than he should ever need.  All he said was IF there were no cap then the stars would make more.  It's a very true statement.  Look at baseball.( NO CAP)  and you will see what he is talking about.  No one has ever calle Albert Pujols a greedy or selfish person but wait until you see the contract he is going to get the off season.  No Cap means more money!!!
dude, you need to understand what he said .......... he was bitching about money saying he could get more if there were No Salary cap and that's what he wants, No Salary Cap.  You can't figure that out?



Since: Sep 30, 2011
Posted on: September 30, 2011 10:50 pm
 

Wade: NBA stars worth far more than they earn

I have never responded to comments before....but dammit if this one is not on point!!!!!!  When the major sports go on thier labor tiffs its owners against the players.....in the end its the fans that get screwed......what ever money they fight over, its the fans that make up the difference.....popeye47, i also stopped going to games......to pay for these big saleries, they raise the ticket prices



Since: Nov 14, 2006
Posted on: September 30, 2011 10:49 pm
 

Wade: NBA stars worth far more than they earn

You clowns need to read a little more closely.  He never cried or whinned about being underpaid.  He know how much money he makes.  He knows he has more than he should ever need.  All he said was IF there were no cap then the stars would make more.  It's a very true statement.  Look at baseball.( NO CAP)  and you will see what he is talking about.  No one has ever calle Albert Pujols a greedy or selfish person but wait until you see the contract he is going to get the off season.  No Cap means more money!!!


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