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: Aug 21, 2006
Posted on: October 1, 2011 5:51 am

Wade: NBA stars worth far more than they earn

I could understand his point, but he is missing the real idea behind it. A football team has 53 players, a baseball team 25, a basketball team only has 12 and usually only 7 or 8 of them are seeing any playing time at all. I could see the argument that NBA players could make three or four times a football player and twice that of a baseball player just based on the number of players and/or stars per team. That being said, saying this stuff in public isn't smart and Wade himself is extremely overrated as a player. "Great" players in the NBA don't have losing records even when the team around them stinks, but Wade played on that 07/08 team that went 15-67, he did miss 30 games, but come on man, have Jordan, Chamberlain, Bird, Magic, Kobe, LeBron or any other great player ever been on a 15 win team? I think not.

Since: Sep 1, 2006
Posted on: October 1, 2011 5:20 am

Wade: NBA stars worth far more than they earn


Since: May 22, 2011
Posted on: October 1, 2011 3:05 am

Wade: NBA stars worth far more than they earn

Lots of good posts here.These players are delusional.Wade is out of it! His fame/money has gone to his head. I could care less about any "superstar" I go to games to watch teams play, not individuals!! Please. all you so called "superstars", go to Europe. Please!!!
I hope the NBA does not have a season, so we don't have to here from these malcontents.

Since: Mar 30, 2007
Posted on: October 1, 2011 2:59 am

Wade: NBA stars worth far more than they earn

Agree he gets 15 million for bouncing a ball around. How much do soliers in Iraq get? or a teacher i the ineer city or a job that actually contributed somehting other then stats for a stupid fucking game. I like wtaching said game but get real and get some perspective.

Since: Jan 22, 2007
Posted on: October 1, 2011 2:41 am

Wade: NBA stars worth far more than they earn

Way to win a PR battle there, D-Wade.  I'm sure the public at large really wants to hear about how a multi-millionaire is underpaid.

Since: May 23, 2009
Posted on: October 1, 2011 2:28 am

Wade: NBA stars worth far more than they earn

Screw the NBA and their players They are almost all Ghetto Thugs.
They need to start a new league with international rules where players have to learn to play defense shoot from the peremiter call walks and ban dunks. You would get a whole lot better game and better players no more Ghetto Ball.
A bit extreme don't you think? 

Ghetto Ball?  The players we see in the NBA are there because they are the most skilled athletes in the entire world.  The NBA tweeks the style and tempo of the game evey year by adjusting the rules in a variety of ways (hand checking rules, moving the 3-pt line, 24-sec clock, 5-sec rule etc.).  Eliminating dunks wouldn't rid the NBA of the "Ghetto Thugs".  They would simply adjust to the new rules and still emerge as elite ball players.

You have carefully neglected to explicitly state the race or ethnicity of these "Ghetto Thugs" that you think are ruining the game of basketball.  To preserve your folly, I will not mention any particular racial group either.  However, I will say that you are buying into some of the stereotypes and misconceptions about individuals with certain skin tones and possibly even those from lower-income groups.

But let's assume for a moment that the NBA was actually full of "Ghetto Thugs" who would be selling crack if they were not dribbling a basketball and entertaining millions of people around the world.  If the owners of the NBA teams are making "billions" of dollars from the enterprise, why do you have a problem with these would-have-been "Ghetto Thugs" making millions?  Does the color of their skin or the fact that they come from a lower socio-economic strata disqualify them from becoming millionaires based on their talents?

Since: Sep 30, 2011
Posted on: October 1, 2011 1:57 am

Wade: NBA stars worth far more than they earn

Stars only to a degree bring people to the games , the team is the reason most people go , case in look at favre he left green bay while he played elsewhere the packer fan base hated him same with he red sox and the head idiot johnny damon once he left boston , a hero became the villian ...... Sorry wade but many fans stick with their teams over stars all th time (exception would be new york city) they have 2 teams for most sports so they jump on the bandwagon of the team winning at the time

Since: Mar 20, 2011
Posted on: October 1, 2011 1:47 am

Wade: NBA stars worth far more than they earn

With greedy players who give about 40% during the regular season, I hope the NBA dies a slow death. The NBA is not what it used to be. I will enjoy a season of only college ball, at least the players actually try.

Since: Sep 30, 2011
Posted on: October 1, 2011 1:41 am

Wade: NBA stars worth far more than they earn

Worth more than what ? No athlete in the nba is worth even 1 million a year , the players don't get it .they are the least popular of the 4 major sports now .especailly with clowns like Lebron and Dwayne wade leading them with all their tattooed freaks .. It is a shame really though after how popular the NBA had become because of magic, bird and Jordan and these current idiots ruined what they had accomplished .... Like many others years ago i would,ve paid good money to go to a decent game , now even if you gave me tickets i wouldn 't even attempt to go , because this brand of the NBA isn't even worth the subway toll fair to get there !

Since: Mar 28, 2009
Posted on: October 1, 2011 1:16 am

Wade: NBA stars worth far more than they earn

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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