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.

Since: Sep 28, 2010
Posted on: October 3, 2011 11:48 am

Wade: NBA stars worth far more than they earn

You play a game! Let the lockout continue... I could care less about basketball right now, let these "superstars" earn a real paycheck.  They got to feed their familes right Mr. Sprewell?  We all see where greed got him.

Since: Oct 30, 2008
Posted on: October 3, 2011 11:13 am

Wade: NBA stars worth far more than they earn

That is rediculous.  Yes, the stars are what keeps the league alive, but more importantly interesting.  Either way, 15.7 million a year is not enough?  You idiot, just save your money, and you grandkids will never have to work a day in their life.  What do you want, to be richer than Beyonce and Jay Z?  Get real!  If you got paid more, all you would do is spend it on expensive cars and houses, but not doing anything to help with the economic condition.  I just wonder if he got paid more, would he donate $1 million to his highschool and Jr. High for new uniforms and equipment....NO!

Bottom line is the economy needs major help, and giving more money to you is not the solution.  It needs to be given to worthy fans who spend their hard earned money on $100 tickets to games...that is how your money is made.  The salarie cap is indeeed needed.

Since: Nov 27, 2006
Posted on: October 3, 2011 9:59 am

Wade: NBA stars worth far more than they earn

Well if WE THE FANS didn't spend 700.00 for a playoff seat in the noseblead section, 300.00/year on sports "tv packages", 250.00 on an "authentic jersey", 9.00 for a beer, etc.  then MAYBE, just maybe these atheltes and owners we are comlaining about would not be able to be paid so much...


if they have the money to pay them (thanks to us), then maybe they should get paid that. 

I can't stand arrogant spoiled athletes and owners, but we created them.

Since: Aug 26, 2009
Posted on: October 3, 2011 9:45 am

Wade: NBA stars worth far more than they earn

Maybe the best thing for sports fans is to cancel all North American professional sports leagues for a season or two and see if the players feel a little more grateful to be able to earn rediculous salaries then! After a few players had to work at Walmart or any real job, they may be more appreciative of what they had. As long as the Owners controll their business interests, they have the right to shut down the job site or find replacement labor. What rights do the players have? To shut up and go to work for millions or sit out and see how many of the thugs are arrested and filing bankruptcy. The owner is the boss and the players are the employees. Organized labor has killed America with greed!

Since: Feb 20, 2008
Posted on: October 3, 2011 8:29 am

Wade: NBA stars worth far more than they earn

Of course baseball plays twice the number of games in bigger arenas.....if he took his 15 million and doubled it by playing 162 games then he'd make what arod makes.....right???  I can't believe what's happened to wade in the last couple of years....I was a big fan but then the lebron and tweeting crap and his mouth and now I can't stand him.....reality check

Since: Sep 15, 2007
Posted on: October 3, 2011 8:09 am

Wade: NBA stars worth far more than they earn

You guys act as if you have no idea what Wade is talking about.

Yes, it's a load of money but people travel, sell stuff or does not eat when they really want to see their favorite superstar athlete play.

That's just how the world goes. The players put their efforts on the court, the fans put their efforts at work to pay for tickets

Since: Oct 31, 2009
Posted on: October 3, 2011 12:53 am

Wade: NBA stars worth far more than they earn

I can understand what you are trying to say, but you may be off base a little bit too. Ticket prices are set by the owner's to pay for the player's salaries. It is a business you have to make money in order to pay your employees and if they were to start paying these players 50 mil a year then nobody would be able to afford to attend the game. That is roughly 2 times more than Carmelo got in his extension and courtside tickets in the garden are already well over a grand so since his salary would be doubled you can rest assure that court side seat that Spike Lee loves to sit in would cost double as well. I just hope the Pacers and Knicks can renew their rivalry one day so someone can tell Spike to choke on their (explicit) like Reggie Miller did! I miss those days and Reggie, BOOM BABY!!! I know I veered off there for a minute, but with 17 teams losing money should any player be in a position to claim they are underpaid? To reference the uncapped baseball salaries is a bit off too because even though there is no cap I believe Cliff Lee may be the Highest paid player as of today and I think his annual salary is 23 mil which is roughly what the big stars in the NBA already make unless they chose to take a pay cut to make a BIG (Choking) Three. If the NBA players want more money then they should build themselves some stadiums that hold 50,000 plus fans like baseball stadiums and football stadiums and put a fan in every seat to prove that they are worth the investment because at that point they will realize their star power isn't as strong as they thought it was. I would almost guarantee that only a handful of matchups could fill a 50,000 seat stadium in the NBA.

Since: Apr 23, 2010
Posted on: October 3, 2011 12:46 am

Wade: NBA stars worth far more than they earn

With college basketball I am pretty sure we can all live with out the NBA, but I am sure the players can't live with out the NBA and if millions a year is not enough for Wade than let him go wash dishes for 8 dollars an hour.

Since: Mar 30, 2010
Posted on: October 3, 2011 12:30 am

Reality & Fame

Reality <---- right there. Waaaaaaaaaaaaaaaaaaay out there -----> Superstars and team owners.
Hey guys, we miss you here in the working world. Let us know when you're so poor you worry about a roof over your head or food in your tummy. 

Since: May 11, 2007
Posted on: October 2, 2011 11:30 pm

Wade: NBA stars worth far more than they earn

Pro athletes think so highly of themselves. Their demands are the reason people have to take out loans, just to attend their games. Just can`t feel sorry for millionaries, crying about how are they going to feed their children, if they don`t get MORE MONEY

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