Wednesday, July 21, 2010
Joe Mauer Just Crapped On Your Yearly Salary
This is not news: today's athletes make waaaayyyyy too much money.
See this handy-dandy-website to learn just how long (or short, really) it takes for jocks to make as much money as you and I toil a hard 365 days for.
I plugged in 100k for kicks - since isn't that the universal American dream, to make six-figures? - and found out that Joe Mauer makes that much money in basically 6 innings.
Now before anybody gets all worked up, let it be known that I don't begrudge Mauer (or any other jock) their salaries. They have earned it fairly, under "market" conditions. I put "market" in quotes because as we know, professional sports are essentially closed markets, that often feature distorting dynamics.
I still think it's way too much. I still think pro sports leagues should think hard about enduring short term pain (lockouts, strikes) to whack labor costs more into line with business reality.
Sure, Mauer is a fabulous player. Likeable fella, hometown boy. STUD ballplayer. That said, I don't think it makes economic sense to pay him $184 million guaranteed over 8 years.
He's just one player, on a team sport that requires a full roster of guys doing their job to have success. You are telling me, that one guy is directly responsible for nearly $20 million in revenue to the club?
I just don't buy it.
Now, the on-line salary calculator for sports I would love to see (and hint, hint! Maybe the boys here at Smart Interactive Media could whip it up!) is one in which you type in your salary. Then type in the salary of Player X. Then type in either the a) fine he has been hit with by the league or b) the charitable donation he has given.
The result would be to translate what a new donated $120,000 wing to a school for Joe Mauer, would be like for you, Joey Punchclock making like $45,000 per year.
When you find out it's like Joey Punchclock buying an iPod touch ($250 or so) for his wife, then we won't go so gaga saying "Wow, that pro athlete is soooo generous! He bought a whole new wing of a school for those kids!"