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: Jun 17, 2007
Posted on: October 1, 2011 9:43 am
 

Wade: NBA stars worth far more than they earn

If I was the owner of any sports team, I would fight that all players in the league be paid a maximum of 2 million dollars with possible bonuses up to 1 million.  I would also cut the costs for tickets to these events and more people could enjoy them.
Yes, sports star are well over paid for playing a game. So whom do we blame?  I know a lot of this goes back to free agency, but why did owners have to give players so much?  Was it mainly that they wanted to buy the best players to win championships?  I guess we could lump owners and players into one of the greatest sins in the world.  GREED! 
All Professional Sports have to take a hard look at how they have affected our economy.  Maybe they need to take alook at how GM is hiring workers at 1/2 of the older union wage rates.  Could we do this in professional sports?  Then when Mr Wade and Mr James and all the other overpaid players retire, we can bring prices down and hold the line.  Will it happen? I do not think so.  Not in today's society.  TOO BAD!  



Since: Aug 19, 2006
Posted on: October 1, 2011 9:43 am
 

Wade: NBA stars worth far more than they earn

It's all speculation....the Miami Heat made a compelling case for NOT overpaying stars this year.  GMs and owners don't want to spend that kind of money unless it is guaranteed to generate sufficient revenue or all but guarantee a championship.  There is also the potential for national attention in the sport to wane if only teams in LA, Chicago, New York, Boston, and Dallas can afford to be competitive. The reason we are in a lockout now is because many frachises aren't able to make money.  If salaries go way up, it stands to reason that the situation would be much worse for the Sacramentos, Oklahoma Citys, and Charlottes of the league.    New York and LA fans may not care what happens to the Kings or the Bobcats, but what is best for the league is for every team to have the ability to compete on a somewhat even playing field.



Since: Jun 22, 2008
Posted on: October 1, 2011 9:39 am
 

Straight From 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.

Next time, try reading before you bitch about something that's not even close to being true.



Since: Dec 28, 2007
Posted on: October 1, 2011 9:32 am
 

Wade: NBA stars worth far more than they earn

Riegert8, I totally disagree with you. How long does a pro player participate in his sport daily? Maybe 3-4 hours for possibly 5-7 month? I understand that some movie sets run 14-18 hour days and it may take 4-5 months to make the movie. And how much do these overpaid players have to know? Any star in a movie has a lot of dialog as well as other aspects of the movie to know or the movie will be a flop. Enough flops and you aren't making movies anymore. You flop in pro sports and get a raise. And just for the record, I don't think any movie star is worth the millions they make either.



Since: Aug 18, 2007
Posted on: October 1, 2011 9:31 am
 

Wade: NBA stars worth far more than they earn

Holy Cow Wade, how many condos do you need to keep all your different girlfriends in?  The NBA is probably the worst sport as far as the morality of the players.  Remember Shawn Kemp?  7 kids by 7 different women.  How about the NBA before a dress code, remember how these guys looked when they were taking the podium?  The whole league needs to grow up.



Since: Dec 28, 2007
Posted on: October 1, 2011 9:13 am
 

Wade: NBA stars worth far more than they earn

I hardly ever watch any pro sports because all the players are extremely overpaid. Let them go out in this economy and get a real job. In my job I work 50-60 hours a week for less than $40 thousand a year and have to live on that. So let them stop their cry-babying. I don't see any one of them in any sport that is worth millions. the owners need to stop paying them that kind of money and the people need to stop going to the games and stop watching. Show these over-paid morons that they aren't worth what they think they are worth. No one is.



Since: Feb 23, 2009
Posted on: October 1, 2011 9:06 am
 

Wade: NBA stars worth far more than they earn

NO ONE CARES.........YOUR OVERPAID.AND EVERYBODY PLAYS 1 ON 1....DID I MENTION NO ONE CARES ....TO THE PLAYERS NOT MAKING ALOT OF MONEY ( BY THIER OWN STANDARDS)..THE SO CALLED STARS ARE SIGNING OVERSEAS AND LEAVING YOU BEHIND.....LOOK OUT FOR YOURSELF YOU CAN ALWAYS BE A ROOFER FOR 50K A YEAR. OR HAVE A CAREER IN THE D LEAGUE



Since: Feb 12, 2010
Posted on: October 1, 2011 8:53 am
 

Wade: NBA stars worth far more than they earn

"Worth far more...". Did he see Tracey McGradys remarks about takin nights off on the court. Maybe Vince Carter's(the geatest player to drag his ass night in and night out) and the list goes on and on. Maybe what they should do is stop gouging us so that they can make this kind of money. They being the owners and players. Greed and ignorance are a horrible mix. Maybe they should have all incentive contracts. Watch the effort then.



Since: Sep 5, 2010
Posted on: October 1, 2011 8:12 am
 

Wade: NBA stars worth far more than they earn

I honestly and sincerely don't remember the last time the NBA or its players DIDN'T look incompetent, selfish and/or flippant to the views and opinions of the fans.  After seeing this article... add one more to the list.  A freakin' dream world.  Seriously, the ENTIRE NBA including Stern and his minions.  They all live in a dream world.  

PS - On the other hand, to still be a fan of the NBA pretty much admits one's incompetence to the actual game.  Kind of like comparing "wrestling" versus "professional wrestling".  Personally my favorite move in the NBA is the double-dribble two-foot jump stop followed by the elbow hook of the defender, followed by three long steps to the rim all the while pushing off the defender (on the chest or face) with the other hand... AND A FOUL!!!  Yup, its meant for retards.    



Since: Nov 23, 2006
Posted on: October 1, 2011 7:25 am
 

Wade: NBA stars worth far more than they earn

To answer Wade's question the answer is absolutely NOT!  The below post was made earlier and is so good it bears repeating.

"Hell, you got some of the NBA stars signing to play overseas already. Are there any fans begging them to come back?? Hell, no!! When the rest of the world finds out how arrogant and classless these clowns are, the stands will look like a WNBA contest was going on. To all the NBA players: Go overseas and brighten up someone else's day. We've had all the sunshine we can stand from you!"
  





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