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: Oct 30, 2008
Posted on: October 2, 2011 11:27 pm
 

Wade: NBA stars worth far more than they earn

Garbage, I wonder if he can read or write or if he wouldnt be in jail if he couldnt dribble a ball.   Ill pay you 50 million but I want you to pay for and build the new arena and since you are getting 50 million ill have to give Lebron 200 a week cause you took all the money.  Before these greedy cry babies try and poor mouth think of the fans or a family of 4 that costs upwards of 350 to see a game and on top of that you play 41 home games, so I should pay 12000 a year so you can make 50 Million yea you must be high since there is no current testing for that
I think you got it all wrong. I am, by no means, a Wade or Heat fan, so don't think I am defending him, but you are going backwards on this. Wade does not set ticket price, jersey price or any other price. Wade just says that based on the existing system or revenues, his share should be higher. Once again, not arguing, if he is right or wrong, but it's not Wade's job to worry about family of 4 not being able to afford the tix - owners set prices.



Since: Oct 29, 2007
Posted on: October 2, 2011 10:49 pm
 

Wade: NBA stars worth far more than they earn

Wade is probably right but it would only help the elite players.  It's simple really.  If you happen to be the Lakers, Bulls, Knicks, Boston, then I'm sure you wouldn't mind eliminating the cap and buying up stars a dozen at a time but if you're not in a big market you may not have a team for long.  No one wants to see the AND1 streetball players take on the Lakers.  That's what the league would look like.    

If you're not a mass market team it doesn't matter if they eliminated the cap because you probably can't afford to spend much more than you're spending now.   How hard is it to understand?  Imagine if you simply decided that this year you were going to buy whatever "toys" you wanted.  Sounds great if you're a doctor or lawyer but if you're an average Joe making less than 50K a year it's not like you can simply run out and buy that new Ferrari you always wanted.    Not much difference here.  Why do you think the KC Royals don't have any $20 million dollar/year players on their team in the uncapped world of proffessional baseball?  Simple.  They can't afford it.    




Since: Feb 23, 2011
Posted on: October 2, 2011 10:41 pm
 

Wade: NBA stars worth far more than they earn

DWade is a moron. Good thing he doesn't have to work for a living. So long NBA. No one is going to miss you and your out of touch stars. 



Since: Aug 26, 2011
Posted on: October 2, 2011 10:10 pm
 

Wade: NBA stars worth far more than they earn

Garbage, I wonder if he can read or write or if he wouldnt be in jail if he couldnt dribble a ball.   Ill pay you 50 million but I want you to pay for and build the new arena and since you are getting 50 million ill have to give Lebron 200 a week cause you took all the money.  Before these greedy cry babies try and poor mouth think of the fans or a family of 4 that costs upwards of 350 to see a game and on top of that you play 41 home games, so I should pay 12000 a year so you can make 50 Million yea you must be high since there is no current testing for that



Since: Feb 11, 2009
Posted on: October 2, 2011 8:14 pm
 

Wade: NBA stars worth far more than they earn

Well, the NBA was fun while it lasted, now, no chance.  Sorry, but you can only make what someone is willing to pay you and what the market states.  NBA or No Basketball Again is done.  If the stars who do drive the league make more, everyone else makes less and that is the problem.  Ben Wallace would not make 18 mil or would other players, but D-Wade would get his 50 mil.  The league is done, end it now.  Why should we care?  And no one goes to see A-Roid.  The guy is a cheater and they boo him everywhere.  Good luck.  You could go play somewhere else and make a lot less money! Ha!



Since: Oct 14, 2010
Posted on: October 2, 2011 8:12 pm
 

Wade: NBA stars worth far more than they earn

Like LeBron in the Finals, Wade is playing small in the negotiation process.  DWade and most pro athletes are basing their negotiations on a premise that is not held by the average U.S. citizen.  The players believe their one and only career is their time as an pro athlete.  Hogwash.  Their 1 to 15 years as a pro is just the first of what should be a lifetime of contribution to the good of our nation.  These guys are not serving in the military, not discovering a cure for a disease, they are not building homes for the homeless, they are playing basketball or football.  So Wade and ARod and James and the rest, get your millions and quit your bitching.  And when it is all over, if you didn't save enough, you may have to find more important work.  What would that be?  Just about anything is more important than being a sports entertainer.



Since: May 3, 2007
Posted on: October 2, 2011 7:53 pm
 

Wade: NBA stars worth far more than they earn

Vast majority of teachers suck? Fuck you!



Since: Sep 26, 2011
Posted on: October 2, 2011 5:55 pm
 

Wade: NBA stars worth far more than they earn

If these clowns are not on the court they will be wrapping their Lamborghinis around poles or impregnating white woman. Hide your children.




Since: Jul 3, 2007
Posted on: October 2, 2011 5:17 pm
 

Wade: NBA stars worth far more than they earn

Hey Dwade

I'd pay to see you, but how about you contribute to society what a doctor does, or a teacher does, or what a lawyer does and we'll think about paying you. You get paid millions and millions, and will be set for life to play a game that I play on my free time. Boy some of these guys have messiah complexes-take a page from Cliff Lee's book



Since: Feb 6, 2007
Posted on: October 2, 2011 4:52 pm
 

Wade: NBA stars worth far more than they earn

There is not a single athlete who is 'worth' what they are paid.  I'm in no hurry to watch spoiled, narcissists bounce a ball. F#*$ them.


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