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: Dec 15, 2010
Posted on: October 1, 2011 6:21 pm

Wade: NBA stars worth far more than they earn

He desterger, I love your comment ! hit the nail right on the head.

Since: Nov 19, 2008
Posted on: October 1, 2011 6:16 pm

Wade: NBA stars worth far more than they earn

Dewayne proves the fact that in just one season he has spent way too much time up Lebron James's stupid ass. No fans = no dollars you uneducated man, so if the owners raise the price for tickets to pay for your alleged 50 million dollar salary that is being reported that stars want, then less fans will show up to the game ojn a regular basis. So when you play the Sacramento Kings of the world and have only a couple thousand fans in the stands, maybe you will get it as the big three will quickly become seperated and no titles. GOTTA LOVE HOW STUPID THE PLAYERS REALLY ARE!

Since: Sep 11, 2006
Posted on: October 1, 2011 3:02 pm

Wade: NBA stars worth far more than they earn

TFC: Exactly. The problem with players like Wade is that they think they are the center of the universe. It's almost funny to see Wade saying this stuff, without ever considering his less esteemed fellow players, the fans, or the team owners who actually pay him. You can see it in his comments. It's as if there is a complete disconnect, and that he believes we're all just lucky to have the privaledge of paying to see him play.

The reality? He's lucky to have the privaledge of doing what he does. It's a shame so many athletes seem to have forgotten how truly lucky they are.

Since: Oct 12, 2006
Posted on: October 1, 2011 2:21 pm

Wade: NBA stars worth far more than they earn

Wade is right and also wrong. The economic model is pay a star those millions and then pass it on to the consumer. There's a point where the fan simply can't afford the game, and that's on tv. I went to a Heat playoff game (76ers @ Miami) to be honest and I'll tell Wade in these meetings or anywhere else, to his face. It simply wasn't worth the effort. The MLB is a far better alternative for the Marlins. I'll never go to a live NBA game ever again just because of that experience. As for watching it on tv. How many have disconnected from cable tv ? So we're not even watching them play on tv. That's what the NBA is facing. I think the NFL CBA really is detrimental to even me watching the games. The MLB was fine for me in Sun Life Stadium for Marlins, but the Marlins moving south, not sure I'll go next season. When the games and venues become a bigger hassle than it's worth, they'll come to find, the money will dry up. And while they have contracts, maybe the owners release the stars and try to operate the NBA without them. College basketball seems to do it quite well ?

Since: Nov 22, 2009
Posted on: October 1, 2011 1:48 pm

Wade: NBA stars worth far more than they earn

theses guys were blessed with the talent to play at the level they are at, they just werent blessed with the intelligence to understand that the people who buy the tickets and their jerseys is how they get paid and if WE all quit going to the games and buying all that stuff there will not be an NBA.

Since: Sep 17, 2006
Posted on: October 1, 2011 1:31 pm

Wade: NBA stars worth far more than they earn

Excellent post. Couldn't have said it better myself. 'Earning' millions of dollars a year is something no human physically accomplish.

Since: Sep 1, 2011
Posted on: October 1, 2011 12:37 pm

Wade: NBA stars worth far more than they earn

Get a job at Kmart and see your value. When you have to work for a hour day

Since: Aug 19, 2006
Posted on: October 1, 2011 12:12 pm

Wade: NBA stars worth far more than they earn NOT

If people start NOT buying tickets and buying NBA crap...his value will be FAR LESS than 50 million. FAR LESS>

Plus D WADE is the most overrated 2 guard EVER.....SHAQ can made a lot of average guys a whole lot better....Wade is like a bigger version of Allen Iverson......except I think Inverson had more heart


Since: Sep 17, 2006
Posted on: October 1, 2011 11:51 am

Wade: NBA stars worth far more than they earn

I've had it with all these fools. I'm tired of watching them play kid games for millions of dollars, and then have the nerve to complain about it.

I'm just sick of it.  

Since: Nov 3, 2007
Posted on: October 1, 2011 11:47 am

Wade: NBA stars worth far more than they earn

It is a shame to see a player with such a pathetic viewpoint.  The shame is most people in the good old U.S.A., as long as they are in the money side of life, share the same mind-set. Politicians, and public employees who just don't get it. They keep squeezin' the public for every red cent we can get them for. I say the revolution starts now. The NBA stars lifestyles aren't gonna change but hey maybe we can afford to buy grocerys for a few more months, if we learn to say no.

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