People often point to sports stars as having grossly inflated salaries. But do they really add up in comparison to the titans of industry? Retired Chicago Bulls star Michael Jordan had a peak compensation package in 1997 that included a roughly $36-million-a-year contract and about $70 million in advertising promotions. At that salary, he made approximately $51,000 an hour.
-If he wants to buy a Lexus, he has to save up for two hours.
-While he makes a six-minute egg, he earns $5,096.
-While sitting in a two-hour feature-length film, he earns $101,924.
-If he continues earning this amount for the next 480 years, he will earn as much as Bill Gates' net worth in 2004.
Originally posted by crzy: I never understood why people complain about athletes making millions of dollars to play a sport.
They get paid relative to the amount of money that their sport is generating.
It's the players that people pay to see, that's why they're getting paid so much. Sheesh.
I think the last line of that was the punch line, and I think they agree with you, as do I.
You're talking about the very, very best in their industry. I would imagine that the top 300 retail insurance agents in the world make as much as players in the NBA. You can say that for a lot of industries.
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