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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: May 26, 2009
Posted on: October 1, 2011 10:03 pm
 

Wade: NBA stars worth far more than they earn

ypu sound like a tried and true rascist especially when you bring obama into it. Jesus do you fucking idiots rember bush the man who created all this mess. And what about the white guys who are illerate in nba



Since: Jun 22, 2008
Posted on: October 1, 2011 9:29 pm
 

Wade: NBA stars worth far more than they earn

Every time they speak it is a public announcement why you should stay in school.
That's ok, every time you post is a public announcement why people should stay in school.  Try to read the last paragraph of the article:

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 26, 2011
Posted on: October 1, 2011 8:56 pm
 

Wade: NBA stars worth far more than they earn

These ghettofied prima donnas need to remember where they came from and let the guys they kick 7% to speak for them.  Every time they speak it is a public announcement why you should stay in school.  People wonder why blacks get stereotyped and a bad rap need not look any further then these tongue tied morons.  I am sure their millions have provided them w/ a very comfortable life but it can not replace their ignorance w/ intelligence and grace. Between these guys and Obama they have put 75 years of black progress down the drain.




Since: Jun 22, 2008
Posted on: October 1, 2011 8:36 pm
 

Wade: NBA stars worth far more than they earn

Are you kidding me??? So tired of the primadona's!!!!! give me the money, all of it. You are overpaid for what you do now!!! No salary cap!! What a joke! Let's make it unaffordable for the regular guy and his family to go to a game, and buy the way it already is.  Go play in Turkey, or Italy or Timbuktu for all i care....
Are you kidding me??  Read the last paragraph of the article:

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: May 7, 2009
Posted on: October 1, 2011 8:31 pm
 

Wade: NBA stars worth far more than they earn

Are you kidding me??? So tired of the primadona's!!!!! give me the money, all of it. You are overpaid for what you do now!!! No salary cap!! What a joke! Let's make it unaffordable for the regular guy and his family to go to a game, and buy the way it already is.  Go play in Turkey, or Italy or Timbuktu for all i care....




Since: Jun 22, 2008
Posted on: October 1, 2011 7:55 pm
 

Wade: NBA stars worth far more than they earn

I thought Wade might be somewhat intelligent.  But apparently not.  Overpaid and Overrated I agree with.  With people who attend NBA games and help pay Wade's contrract?  Underpaid and overcharged.


Read the article dumbass.


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: Aug 19, 2006
Posted on: October 1, 2011 7:44 pm
 

Wade: NBA stars worth far more than they earn

I thought Wade might be somewhat intelligent.  But apparently not.  Overpaid and Overrated I agree with.  With people who attend NBA games and help pay Wade's contrract?  Underpaid and overcharged.



Since: Jun 22, 2008
Posted on: October 1, 2011 7:42 pm
 

Wade: NBA stars worth far more than they earn

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: Dec 22, 2006
Posted on: October 1, 2011 7:29 pm
 

Wade: NBA stars worth far more than they earn

This is why No ONE I know still follows the nba.  College is so much better because there are actual rules inforced.  Players are trying and you are able to watch quality basketball.  If the nba never plays again its fine by me.  OVERPAID AND OVERRATED



Since: Sep 26, 2011
Posted on: October 1, 2011 6:27 pm
 

Wade: NBA stars worth far more than they earn

That is a pretty impressive and powerful group of players.  They are well suited for labor negotiations armed w/ their GED’s.  Bunch of ghettofied punks. The educated in that room probably excused themselves and went into the hall and could not stop laughing thinking of these guys trying to strong arm them. Brains’ over brothers. Talk about being humiliated and they are too stupid to realize it. Bring on Sullinger and the Buckeyes and let these guys sit for a year or two.





The views expressed in this blog are solely those of the author and do not reflect the views of CBS Sports or CBSSports.com